Sempra Energy reports strong 2014 earnings
Published by Callum O'Reilly,
Senior Editor
LNG Industry,
Sempra Energy has reported a small increase in 2014 earnings of US$1.16 billion, compared with earnings of US$1 billion in 2013.
Sempra Energy's 4Q14 earnings increased to US$297 million, from US$282 million, in 2013.
Debra L. Reed, Chairman and CEO of Sempra Energy, said: "We achieved excellent results in 2014 […] We delivered strong, year-over-year earnings growth and we advanced the Cameron LNG liquefaction-export facility and our other major infrastructure projects that are central to our five-year growth plan. We have made great progress toward achieving compound annual growth in earnings per share toward the upper end of our stated growth-rate range of 9% to 11% from 2014 through 2019."
Sempra Natural Gas
In 4Q14, Sempra Natural Gas earned US$11 million, compared with US$9 million in 4Q13.
Sempra Natural Gas earned US$50 million in 2014, compared with US$64 million in 2013. In 2014, Sempra Natural Gas recognised a US$25 million tax benefit related to advancement of the Cameron LNG project. In 2013, Sempra Natural Gas recorded a US$44 million gain on the sale of a 625 MW block of the Mesquite Power facility.
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/26022015/sempra-energy-reports-strong-2014-earnings-328/
You might also like
ST LNG seeks LNG export permit
The Office of Fossil Energy and Carbon Management has received an application by ST LNG, LLC to export domestically produced LNG to free trade agreement and non-free trade agreement countries.
