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Sempra Energy results highlight LNG activity

LNG Industry,


Sempra Energy has reported increased third quarter 2014 earnings of US$ 348 million, up from US$ 296 million in Q3 2013.

Highlights

  • Sempra expects 2014 results near high end of earnings-per-share guidance range of US$ 4.25 to US$ 4.55.
  • The Cameron LNG joint venture breaks ground on the Louisiana liquefaction-export project.

For the first nine months of 2014, Sempra Energy's earnings were US$ 864 million, up from US$ 719 million in the first nine months of 2013.

Comments

Commenting on the results, Debra L. Reed, CEO, stated: "Based on solid financial results across all of our businesses in the third quarter and through the first nine months of the year, we are confident we will be near the high end of our 2014 earnings-per-share guidance range.

"We continue to accomplish new milestones in our growth plan. Last month, the Cameron LNG joint venture broke ground on its liquefaction-export project, which should be operational in 2018. Our Mexican unit, IEnova, completed the first phase of the Sonora pipeline and is nearing completion of the first phase of the Los Ramones pipeline. In addition, we will be bidding later this year on several additional pipeline projects under Mexico's energy privatisation plan."


Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquefaction/04112014/sempra-energy-q3-results-1727/

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