After the Oncor Acquisition, Sempra Energy's 3Q Earnings Seem Less Important
Sempra Energy (NYSE: SRE) has been one of the fastest growing utility companies in America. The company's ventures into South American markets, Liquefied Natural Gas exports, and renewables gives it a growth platform that few other utility companies can replicate. This past quarter, that platform became even more impressive thanks to the acquisition of Oncor.
Management's plans for Oncor look so ambitious that it's easy to overlook Sempra's less-than-stellar quarter. Let's take a look at the company's most recent earnings results and what investors should be looking for with this stock.
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Source: Fool.com
