June 4, 2004 |
Sempra Energy, owner of the largest U.S. natural gas utility, raised its 2004 profit forecast by 20 cents a share because of an expected surge in energy trading income. Profit, excluding unusual items, will rise to $2.90 to $3.10 a share this year from an earlier forecast of $2.70 to $2.90, Sempra said. On that basis, the San Diego-based company earned $2.93 a share in 2003 and was expected to earn $2.86 this year, Thomson First Call said.
March 28, 2006 |
Honeywell International Inc. agreed to buy the energy-services unit of Sempra Energy as companies look for ways to cut electricity and gas costs, the companies said Monday. Terms of the deal weren't disclosed. The energy-services group helps government, healthcare facilities, colleges and businesses reduce energy costs, said San Diego-based Sempra, parent of Southern California Gas Co. and San Diego Gas & Electric Co.
February 23, 1999 |
The new electricity marketplace will be full of opportunities, and here's a particularly interesting one: Sempra Energy Corp. has found a way to make money not only on the customers it wins, but also on the customers it loses. Sempra's Los Angeles-based natural gas utility, Southern California Gas Co., has expanded its gas-purchasing Web site (http://www.energymarketplace.
May 19, 2006 |
Sempra Energy, the largest U.S. natural gas utility operator, will consider spinning off or selling its commodities-trading unit to become more attractive to investors, Chief Executive Donald Felsinger said. Any decision is at least two years away, Felsinger said in an interview. By that time, investments in liquefied natural gas terminals and pipelines that Sempra is building will begin generating cash and the San Diego-based company will have more options, he said.
February 23, 2005 |
Sempra Energy, owner of the largest natural gas utility in the U.S., announced a 16% dividend increase, the first boost to shareholder payouts since the company was formed in 1998. Quarterly dividends will increase to 29 cents from 25 cents, starting with payments on April 15 to shareholders of record as of March 24, San Diego-based Sempra said in a statement. Dividends will rise 3% to 4% annually in future years, the company said.
May 3, 2007 |
Utility owner Sempra Energy said Wednesday that its first-quarter earnings fell 11% and missed Wall Street expectations but blamed the shortfall on accounting rules that cut into commodities trading profit. Despite the profit slide, Sempra Chief Executive Don Felsinger said he was pleased with the results. He declared that San Diego-based Sempra, which owns Southern California Gas Co. and San Diego Gas & Electric Co., was on track to meet its full-year earnings estimate of $3.75 to $3.