Sempra

SRE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$47.00	Bmzrb	Nvfwmbzc

Sempra Energy Earnings: Texas Drives Significant Capital Need in Five-Year Plan

Andrew Bischof

Nov 3, 2023

We are maintaining our $77 per share fair value estimate after Sempra Energy announced third-quarter operating earnings of $1.08 per share compared with $0.98 in the same year-ago period. Management reaffirmed its 2023 earnings guidance range of $4.30 to $4.60 per share, with expectations to be at the high end of the range. This is consistent with our estimates.

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