Sempra will purchase a 50% limited partnership interest in a holding company that will own Sharyland Utilities for about $98M.
Regulatory approval will be necessary, and the deal is hoped to close in the middle of next year.
Sempra affirms EPS guidance for 2019 of $5.70-$6.30 and 2020 of $6.70-$7.50.
A conference call is set for 12 ET.
Source: Press Release
HIFR +1.65% premarket to $20.97.
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