The Market, Energy, And Political Page, Part 4, T+1 -- Wednesday, November 7, 2018

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Title : The Market, Energy, And Political Page, Part 4, T+1 -- Wednesday, November 7, 2018
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The Market, Energy, And Political Page, Part 4, T+1 -- Wednesday, November 7, 2018

SRE: needs to change its ticker symbol to WOW. From SeekingAlpha:
  • Sempra Energy pre-market after coming through with strong beats on Q3 earnings and revenues, and reaffirming full-year earnings guidance
  • 3Q18 revenues in the company's utilities segment rose 8% yoy to $2.46B, while sales in energy related businesses jumped 19% to $480M
  • SRE sees 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, Mistui, and Tokyo Gas 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
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Oncor: in addition to SRE note above, here is link to Oncor press release from earlier this morning.


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