Valley view casino center jobs11/16/2023 The company in September received federal approval to expand its $13 billion Port Arthur LNG project that is under construction on the Texas Gulf Coast. That’s a 24.7 percent increase compared to the third quarter of last year. Sempra Infrastructure, the subsidiary that features projects that send liquefied natural gas, or LNG, via tankers to markets around the world, reported adjusted profits of $187 million in the third quarter. SDG&E’s adjusted earnings from July through September came to $274 million, up $3 million compared to the third quarter of 2022. “Our pro-business climate (in Texas) is well documented,” Oncor Chief Executive Allen Nye said. In the past three months, Oncor connected about 20,000 additional premises in its service territory and built, rebuilt and upgraded about 630 miles of transmission and distribution lines. Sempra in 2018 purchased the Texas utility Oncor and surging population growth in the Lone Star State has helped drive company performance. Morgan analysts said in a note, as reported by Reuters. “The directional raise is consistent with the upside we highlighted into the quarter and continues the beat and raise track record that Sempra has established over the past few years,” J.P. The company expects to meet or surpass the high end of its adjusted earnings per share forecast range for the year of $4.30 to $4.60.
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