Reported 1 day ago
Sempra has significantly cut its 2025 profit forecast, leading to a 20% drop in its shares during trading. The company's revised outlook stems from regulatory hurdles and elevated costs, particularly following a disappointing California rate case decision. Sempra now anticipates profits between $4.30 and $4.70 per share, a decrease from its previous estimates, while also increasing capital expenditure plans for investments in utility infrastructures.
Source: YAHOO