SRE Misses; Baker Hughes Buys 3C; And, The Robins Are Flying South -- November 5, 2020

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SRE: misses by 31 cents. Wow, that seems huge. Let's see what's going on. First the "facts" from SeekingAlpha:

• Sempra Energy opens little change despite reporting below-consensus Q3 adjusted earnings, as revenues ticked lower to $2.64B from $2.76B a year ago;
• the company earned a Q3 GAAP profit of $351M, or $1.21/share, compared with $813M, or $2.84/share, for the same period last year;
• Sempra reaffirms guidance for FY 2020 adjusted EPS guidance of $7.20-$7.80 vs. $7.66 analyst consensus estimate, as well as FY 2021 EPS of $7.50-$8.10 vs. $8.05 consensus;
• also, Sempra says it still expects to get an export permit from Mexico that will allow it to make a final investment decision this year to build its proposed $1.9B Costa Azul liquefied natural gas export plant;
• the company has been waiting for the 20-year export permit all year but it was held up in part by the coronavirus. 

Maybe later we will see analysis of the report by a SeekingAlpha contributor.  

SRE, historical earnings:

• Sempra Energy EPS for the quarter ending June 30, 2020 was $7.61, a 503.97% increase year-over-year. 
• Sempra Energy EPS for the twelve months ending June 30, 2020 was $14.58, a 106.81% increase year-over-year. From nasdaq.com:
  
• 3Q20: $1.21
• 2Q20: $1.65
• 1Q20: $3.08
• 4Q19: $1.55
• 3Q19: $1.50
  
• Sempra Energy 2019 annual EPS was $7.29, a 113.16% increase from 2018. 
• Sempra Energy 2018 annual EPS was $3.42, a 238.61% increase from 2017. 
• Sempra Energy 2017 annual EPS was $1.01, a 81.5% decline from 2016.

Baker Hughes buys 3C. Link here. Carbon capture.  

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The Nature Page

I've always enjoyed watching the robins return in the spring. In North Dakota, robins tend to spend the entire summer, but here in north Texas, they seem to stay only a few days, maybe a week or so and then they are gone for the summer months. I had never paid much attention to their return in the autumn but with Sophia, I'm paying attention to a lot of things I had not in the past. Like robins and the night sky.

And the return trip for robins. When I grew up in North Dakota, I never saw the robins actually leave; one day I simply noticed they were not there any more. But in north Texas, we see them "arrive" again in the fall. 

They've got their little compasses out and are following the black end of the needles south. At least that's what I tell Sophia. She's been studying magnets in science in first grade. Isn't home schooling / remote learning great. All the things they learn from their grandparents. 

We have a crude map of the world, unlabeled, but with little labels she can place on the map as a teaching aid. So, we pulled out the map and put the labels where they belonged. Then, for the photo, we attached a little sticky note showing the direction of the robins. Apparently the robins "winter" in south Texas, along the coast, and in Mexico. So. they pretty much stay in North America year 'round.