Superlatives

Seemingly unfazed by depressed energy commodity prices and volatility, Sempra Energy senior executives hauled out the superlatives last Tuesday for the company’s joint venture in energy and metals commodity trading, RBS Sempra Commodities, announcing a nearly 100% quarter-over-quarter increase in profits, a new CEO and an integration of its Connecticut-based trading floor into one of North America’s largest operations. Sempra’s leaders made the comments during a first quarter conference call with financial analysts.

Seemingly unfazed by depressed energy commodity prices and volatility, Sempra Energy senior executives hauled out the superlatives Tuesday for its joint venture in energy and metals commodity trading, RBS Sempra Commodities, announcing a nearly 100% quarter-over-quarter increase in profits, a new CEO and an integration of its Connecticut-based trading floor into one of North America’s largest operations. Sempra’s leaders made the comments during a first quarter conference call with financial analysts.

Sempra Energy senior officials were popping superlatives, if not champagne corks, Friday, celebrating the first shipments for their liquefied natural gas (LNG) West Coast project and the western half of the Rockies Express Pipeline, along with an increase in first-quarter net income compared to the same period in 2007 ($242 million, or 92 cents/share, versus $228 million, or 86 cents/share, last year).

Sempra Energy senior officials were popping superlatives, if not champagne corks, Friday, celebrating the first shipments for their liquefied natural gas (LNG) West Coast project and the western half of the Rockies Express Pipeline, along with an increase in first-quarter net income compared to the same period in 2007 ($242 million, or 92 cents/share, versus $228 million, or 86 cents/share, last year).

Finding superlatives to match the second-quarter earningsreports for energy companies across the United States in the pastfew weeks has been difficult at best. With earnings doubled,tripled, and for some even quadrupled, there was little bad news toreport. High natural gas and crude prices, coupled with highdemand, have guaranteed magnificent returns across the board.

Finding superlatives to match the second-quarter earnings reports for energy companies across the United States in the past few weeks has been difficult at best. With earnings doubled, tripled, and for some even quadrupled, there was little bad news to report. High natural gas and crude prices, coupled with high demand, have guaranteed magnificent returns across the board.