Sempra, a big energy company, had some bad news! Their profits are expected to be lower than expected in the next few years. This is because of higher costs and lower energy demand during a milder winter.
This affected their stock price, making it drop quite a bit. They also plan to spend a lot more money on improving their energy systems.
Let's learn more about what happened!
- Sempra lowered its profit predictions for 2025 and 2026.
- Their stock price went down a lot (11.7%).
- Lower energy demand in Texas hurt their profits.
- They're investing a huge amount ($56 billion) to improve their energy grid.
| Item | Value |
|---|---|
| 2025 Profit Forecast (per share) | $4.30 - $4.70 |
| 2026 Profit Forecast (per share) | $4.80 - $5.30 |
| Stock Price Drop | 11.7% |
| Increased Investment (2025-2029) | $56 billion |
