Sempra

SRE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$84.00	Nhkqrkq	Qkfvdfggc

Sempra Earnings: Constructive Texas Legislative Improvements Likely to Support Additional Growth

Andrew Bischof

Aug 3, 2023

We are maintaining our $149 per share fair value estimate for Sempra Energy after the company reported second-quarter operating earnings of $1.88 per share compared with $1.98 in the same year-ago period. Management reaffirmed its 2023 EPS guidance range of $8.60 to $9.20 and its 2024 EPS guidance of $9.10 to $9.80, both in line with our estimate. The company reaffirmed its long-term earnings growth guidance range of 6% to 8%, in line with our 7% estimate.

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