Sempra

SRE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$12.00	Shskmy	Wzcnfbsgv

Sempra Energy Earnings: New Capital Investment Plan Supports Our Outlook

Andrew Bischof

May 4, 2023

We are maintaining our $149 fair value estimate for Sempra Energy after the company reported first-quarter operating earnings per share of $2.92 compared with $2.91 in the year-ago period. Management reaffirmed its 2023 EPS guidance of $8.60-$9.20, consistent with our expectations.

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