USA: Sempra LNG Earns USD 99 Million in 2011

Sempra Energy today reported 2011 earnings of $1.4 billion, compared with earnings of $739 million in 2010.

Sempra Energy’s adjusted earnings in 2011 were $1.1 billion, up approximately 14 percent from 2010 adjusted earnings of $974 million.

Sempra LNG

In 2011, Sempra LNG earnings increased to $99 million from $68 million in 2010.

Sempra LNG benefited from marketing activities and additional revenues from contracted cargoes that were not delivered.

In the fourth quarter 2011, Sempra LNG’s earnings rose to $24 million from $18 million in the prior-year’s fourth quarter.

[mappress]

LNG World News Staff, February 28, 2012; Image: Sempra