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SAN DIEGO, August 4, 2009 – Sempra Energy (NYSE: SRE) has reported second quarter 2009 earnings of $198 million, or $0.80 per diluted share, compared with second-quarter 2008 earnings of $244 million, or $0.98 per diluted share. Sempra Energy reaffirmed its previously announced 2009 earnings-per share guidance range of $4.35 to $4.60. Second-quarter 2009 results included an asset write-off of $64 million at Sempra Pipelines & Storage.
In the second quarter 2009, earnings for San Diego Gas & Electric (SDG&E) rose
to $70 million from $61 million in last year’s second quarter, due primarily to higher operating margins. For the first six months of 2009, SDG&E generated earnings of $169 million, up from $135 million during the same period last year.
“We are pleased that our performance through the first half of the year has been strong enough that we are able to reaffirm our 2009 earnings guidance,” said Donald E. Felsinger, chairman and chief executive officer of Sempra Energy. “We also continue to make progress in growing our natural gas infrastructure businesses. We reached two major operational milestones recently with the start-up of our second liquefied natural gas terminal and the eastern leg of the Rockies Express Pipeline.”
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2008 revenues of nearly $11 billion. Complete financial tables, including earnings information by business unit, are available on Sempra Energy’s Web site at http://www.sempra.com/downloads/2Q2009.pdf.
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