By Sabela Ojea
Sempra on Tuesday became the worst performer in the S&P 500 after the electric and natural gas utility cut its outlook for the year, coming below Wall Street expectations.
The stock was down 21% at $68.69 in morning trading. Shares are down 22% year to date.
The company guided for earnings of $4.30 to $4.70 a share for 2025, below the $4.90 to $5.25 a share previously expected. Analysts polled by FactSet are forecasting earnings of $5.16 a share.
"With the reset of our guidance in 2025, we are setting a new foundation for a decisive decade of growth," Chief Executive Jeffrey Martin said.
For 2026, Sempra expects earnings in the range of $4.80 to $5.30 per share, below the $5.56 per share forecast by Wall Street.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 25, 2025 11:49 ET (16:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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