Sempra Energy reports Q4 earnings of $268m, down 6% from year ago

26 February 2013 21:23  [Source: ICIS news]

HOUSTON (ICIS) – Sempra Energy reported fourth-quarter earnings of $268m (€204m), down 6% from $285m a year ago.
For the full year, the San Diego-based Sempra reported earnings of $1.07bn compared with $1.05bn a year ago.

Among the notable developments for the year, the company said it was awarded bids in Mexico to develop $1bn in natural gas pipelines, and completed regulatory filings for the proposed Cameron LNG liquefaction and export terminal, scheduled to come on line in Louisiana in 2017 and process up to 1.7bn cubic feet per day of natural gas for export to international markets.

“We remain on track with our goal to deliver compound annual earnings growth of 6 percent to 8 percent, along with an increased dividend,” said Sempra CEO Debra Reed.

Sempra recently announced that its board had approved a 5% increase in the annual dividend to $2.52/share from $2.40.

($1 = €0.76)

Reported by: Mark Yost

Author: ICIS staff

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