Sempra climbs after raising annual forecast, beating quarterly profit estimates
BUZZ-Sempra climbs after raising annual forecast, beating quarterly profit estimates ** Shares of energy infrastructure company Sempra SRE.N up 1.1% at $85.6
** Co raises its full-year earnings forecast after beating second-quarter profit estimates, helped by higher rates at its regulated utilities and growth in its Texas operations
** Expects 2026 earnings in the range of $5.02 to $5.55 per share, compared with its prior forecast of $4.87 to $5.37 per share
** Posts quarterly revenue at its electric segment of $1.16 billion, up 12.3%
** Says segment earnings at Sempra Infrastructure jumped 219% to $230 million, while those at Sempra Texas Utilities rose 66% to $346 million
** Posts adjusted profit of $1.16 per share, beating analysts' average estimate of $1.06 per share - LSEG data
** Including session's move, SRE down 4.4% YTD
(Reporting by Varun Sahay in Bengaluru)
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