It seems that while the rest of the world continues to feel the effects of the financial crisis, gas utility companies are some of the select few that are not affected by the global situation. Testament to this fact is the recently released statement from Sempra Energy that they predict a further increase in their profits for the years to come.
The San Diego, California-based company announced that they project even more profits in 2010 compared to their already lucrative 2009 prediction. $5 to $5.25 is how much they think each of their shares will grow next year, which is already 15% higher than its outlook for 2009 which is at $4.35 to $4.60 increase per share. Sempra went further by stating their 2013 prediction of an increase of $5.65 to $5.95 per share. If only the rest of us were this well off.
April 23, 2009
Sempra Energy: Nowhere to Go But Up
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