November 11, 2008
Sempra Energy Q3 Net Income Marginally Up
Sempra Energy has reported a net income of $308 million, or $1.24 per diluted share, for the third quarter of 2008, compared to $305 million, or $1.15 per diluted share, for the same period of 2007.
The company has reported total revenues of $2.69 billion for the third quarter of 2008, compared to $2.66 billion for the same period of 2007.
Net income for the first nine months of 2008 was $794 million, or $3.13 per diluted share, compared to $810 million, or $3.06 per diluted share, during the same period of 2007. Year-to-date total revenues were $8.46 billion, compared to $8.33 billion for the same period of 2007.
Donald Felsinger, chairman and CEO of Sempra Energy, said: "Given the turmoil and dislocation in the financial markets, we are pleased with our third-quarter results. We have assembled a diversified group of energy businesses that help us continue to meet our financial targets, even during down cycles in specific market segments."