USA: Sempra Energy Expects Higher Earnings in 2011

Sempra Energy said it expects to meet or exceed the higher end of its prior 2011 earnings-per-share guidance range of $4 to $4.30, excluding a second-quarter $1.14 per-share gain from the company’s South American utility acquisitions.

“All of our businesses have met or exceeded their financial objectives for the year,” said Debra L. Reed, chief executive officer of Sempra Energy.  “This strong performance will be reflected in our year-end results.”

On a GAAP basis, Sempra Energy’s prior earnings-per-share guidance range for 2011 was $5.14 to $5.44 and the company expects to meet or exceed the higher end of this range, as well.

[mappress]

LNG World News Staff, December 20, 2011