Sempra Energy reaffirmed its 2017 guidance on earnings per share, while also projecting growth of 10 percent to 11 percent, on a compound annual basis, through 2021.
Updating its outlook in advance of its 2017 financial analyst conference April 5, the San Diego-based energy services holding company said its earnings this year will likely range from $4.85 to $5.25 per share, in line with earlier forecasts.
In 2018, it said, earnings are expected to range from $5.30 to $5.8 per share, representing a 9.3 percent increase on the low end and, on the high end, 10.5 percent.
Sempra said it plans to invest about $14.2 billion on its utility and energy infrastructure businesses during the next five years.
Sempra owns utilities including San Diego Gas & Electric Co. and Southern California Gas Co. It employs more than 17,000 people and serves more than 32 million consumers around the world.