Sempra

SRE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$53.00	Dldyz	Nlygrqjh

Regulatory Outcomes Key for Sempra; LNG Opportunities Remain Robust

Andrew Bischof

Aug 5, 2022

We are maintaining our $144 per share fair value estimate after Sempra Energy reported second-quarter earnings of $1.98 compared with $1.63 in the same year-ago period. Management reaffirmed both its 2022 EPS guidance range of $8.10 to $8.70 guiding toward the upper half and its 2023 EPS guidance range of $8.60 to $9.20. The company reaffirmed its long-term earnings growth guidance range of 6% to 8%.

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