Sempra reports ‘solid quarter’ with 13% increase in profit and raises guidance

Sempra Potential headquarters in downtown San Diego REUTERS Mike Blake San Diego-based ability company Sempra stated a solid quarter on Thursday with profits rising from a year ago Sempra earned million or per share in the first quarter compared to million or per share in the same quarter last year Revenue rose to billion from billion a year ago We are pleased to assessment a solid quarter for Sempra which is the direct effect ofcontinued focus on delivering strong financial performance while making steadyprogress on our strategic initiatives stated Jeffrey W Martin chairman and CEO We remain committed to our disciplined upsurge strategy which centers ondelivering safer and more reliable power to the nearly million consumers we serve he added The company updated its full-year earnings forecast to a range of to per share Sempra stock closed at on Wall Street down cents from the previous day The company is the parent of San Diego Gas Electric and also a major utility operator in Texas It is a growing provider of liquified natural gas for international markets with terminals on the Gulf of Mexico