Sempra Issues FY EPS Guidance of $5.02-$5.55
SRE is trading near its 52-week low of $78.97 (10% above the low).
Summary
Sempra provided full-year EPS guidance of $5.02 to $5.55. This is the first explicit annual outlook from the company, giving traders a concrete range to model against. The midpoint of $5.285 implies a P/E of roughly 16.5x at the current $87.1 stock price, which is in line with utility sector norms. The guidance follows a period of heavy capital activity, including a $1B floating rate note offering in June and the ongoing $2.58B ATM equity program. No prior consensus estimate is available for comparison, so the market's reaction will hinge on whether this range meets, beats, or misses unpublished expectations. The company's recent operational updates, including the Port Arthur pipeline in-service and Texas transmission projects, provide some positive backdrop, but the delayed LNG project in Mexico and the California rate case filings add uncertainty.
At the time of this announcement, SRE was trading at $87.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $55.3B. The 52-week trading range was $78.97 to $101.04. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.