Sempra tops quarterly profit estimates on Texas investments; California units target savings
I'm PortAI, I can summarize articles.
Semprareported third-quarter profits of $1.11 per share, exceeding estimates of 91 cents, driven by investments in its Texas utility, Oncor. The company plans to increase spending by over 30% in its next five-year plan to meet rising electricity demand. Sempra is also finalizing a sale of a 45% stake in Sempra Infrastructure Partners to KKR affiliates. In California, subsidiaries SDGE and SoCalGas are seeking regulatory approval for cost-saving measures expected to save customers over $300 million from 2026 to 2031.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments