- Sempra Energy (NYSE:SRE) +0.5% pre-market after coming through with strong beats on Q3 earnings and revenues, and reaffirming full-year earnings guidance.
- Q3 revenues in the company's utilities segment rose 8% Y/Y to $2.46B, while sales in energy related businesses jumped 19% to $480M.
- SRE sees FY 2018 GAAP EPS of $2.83-$3.44 and adjusted EPS of $5.30-$5.80 vs. $5.42 analyst consensus estimate.
- SRE also announces its IEnova and Sempra LNG & Midstream subsidiaries have signed three Heads of Agreements with Total (TOT), Mistui (OTCPK:MITSF, OTCPK:MITSY) and Tokyo Gas (OTCPK:TKGSF) for the full export capacity of Phase 1 of the Energia Costa Azul liquefied natural gas project located in Baja California, Mexico.
- The HOAs contemplate the parties negotiating and finalizing definitive 20-year sales-and-purchase agreements, with each of the companies purchasing ~800K metric tons/year of LNG.