SEMPRA ENERGY

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Delayed Nyse  -  04:04 2022-06-29 pm EDT
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Sempra Backs 2022 Guidance; Expects 2023 Earnings Growth

02/25/2022 | 08:13am EDT

By Will Feuer


Sempra Energy backed its 2022 full-year earnings guidance, and said it expects growth in its 2023 earnings.

The energy-infrastructure company Friday said it expects 2022 earnings of between $8.10 and $8.70 a share. The company posted 2021 earnings of $4.01 a share, and 2020 earnings of $12.88 a share.

Analysts are looking for earnings of $8.47 a share in 2022.

The company's 2021 results included charges connected to civil litigation related to the 2015 Aliso Canyon natural-gas storage facility leak.

Sempra said it expects full-year 2023 earnings of between $8.60 and $9.20 a share. According to FactSet, analysts expect 2023 earnings of $8.90 a share.

Starting from the midpoint of the 2022 guidance range, Sempra expects long-term earnings to grow at a compound annual growth rate of about 6% to 8% through 2026, the company said.

"Our track record of exceeding our adjusted EPS guidance four of the past five years, combined with our record $36 billion five-year capital plan, supports our positive view of the earnings power of the business going forward," Chief Financial Officer Trevor Mihalik said.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

02-25-22 0812ET

Stocks mentioned in the article
ChangeLast1st jan.
S&P GSCI NATURAL GAS INDEX 0.23% 304.9443 Real-time Quote.75.50%
SEMPRA ENERGY -0.60% 150.31 Delayed Quote.14.31%
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Analyst Recommendations on SEMPRA ENERGY
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Financials (USD)
Sales 2022 13 262 M - -
Net income 2022 2 648 M - -
Net Debt 2022 27 389 M - -
P/E ratio 2022 18,9x
Yield 2022 3,10%
Capitalization 47 243 M 47 243 M -
EV / Sales 2022 5,63x
EV / Sales 2023 5,62x
Nbr of Employees 15 390
Free-Float 99,6%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 150,31 $
Average target price 171,27 $
Spread / Average Target 13,9%
EPS Revisions
Managers and Directors
Jeffrey Walker Martin Chairman & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Accounting Officer, Senior VP & Controller
Eric G. Trapp Chief Information Security Officer & Director
Karen L. Sedgwick Chief Administrative & Human Resources Officer
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