Sempra Energy Reports First-Quarter 2021 Earnings Results

SAN DIEGO, CA — Sempra Energy Wednesday reported first-quarter 2021 earnings of $874 million, or $2.87 per diluted share, compared to $760 million, or $2.53 per diluted share, in the comparable year-ago period.

On an adjusted basis, the San Diego-based company's first-quarter 2021 earnings were $900 million, or $2.95 per diluted share, compared to $741 million, or $2.47 per diluted share, in the first quarter of 2020.

"Over the last several years, we have narrowed our market focus, expanded investment in our utilities and worked hard to improve safety and operating results," said Jeffrey W. Martin, chairman and CEO of Sempra Energy. "Taken together, these activities also support our financial commitments and, in part, are reflected in the strength of our first quarter results. The company is well positioned to deliver another strong year of financial performance."

Sempra Energy updated its full-year 2021 GAAP EPS guidance range to $7.42 to $8.02 and affirmed its full-year 2021 adjusted EPS guidance range of $7.50 to $8.10.

The Sempra Energy family of companies, which include San Diego Gas & Electric and Southern California Gas Co., collectively employ more than 19,000 employees who deliver energy to over 36 million consumers.

— City News Service