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