Sempra Energy, parent company of San Diego Gas & Electric Co. and other units, has updated its financial outlook for the year and beyond.
The company reaffirmed its 2012 guidance on earnings at $4 to $4.30 per share, and forecast 2013 earnings at a target range of $4.10 to $4.40 per share. Sempra also said its earnings are expected to grow at a 6 to 8 percent annual compound rate from this year to 2016, at which point the target will be $5.50 to $6 per share.
At a financial analyst conference held March 29, the company detailed its capital expenditure plan. From 2012 to 2016, Sempra said it expects to spend an average of $2.7 billion annually on capital investments.
Sempra had revenue last year of $10 billion and has 17,500 employees.