Sempra Energy’s SRE fourth-quarter 2020 earnings per share (EPS) came in at $1.90, which surpassed the Zacks Consensus Estimate of $1.55 by 22.6%. Moreover, the bottom line increased 22.6% from $1.55 registered in the prior-year quarter.The year-over-year downside can be attributed to the absence of gains from the sale of assets, which the company had witnessed in the year-ago comparable period.For 2020, the company generated adjusted EPS of $8.03, up from $6.78 at the end of 2019. The full-year bottom line beat the Zacks Consensus Estimate of $7.69 by 4.4%.Total RevenuesIn the quarter under review, total revenues of $3,171 million increased 7.7.% year over year on higher contributions from its Utilities (up 7%) and Energy-related (up 13.9%) businesses. The top line, moreover, exceeded the consensus mark of $2,946 million by 7.6%.For 2020, Sempra Energy recorded revenues of $11.37 billion, up 5% from the prior year’s figure. The full-year top line also exceeded the consensus mark of $11.05 billion by 2.9%.Segment UpdateSan Diego Gas & Electric (SDG&E): Quarterly earnings amounted to $191 million compared with the year-ago quarter’s $185 million.Southern California Gas Company (SoCalGas): In this segment, earnings totaled $79 million in the fourth quarter of 2020 compared with $204 million registered in the prior-year quarter.Sempra Texas Utility: Earnings in this segment came in at $121 million in the reported quarter compared with $109 million in the year-ago quarter.Sempra Mexico: The segment recorded net losses of $43 million against $39 million of earnings in the year-ago quarter.Sempra LNG: The segment reported earnings of $113 million in the reported quarter against the year-ago quarter’s reported loss of $19 million.Parent and Other: Quarterly loss in this division narrowed to $47 million from the year-ago quarter’s loss of $132 million.Sempra Energy Price, Consensus and EPS Surprise Sempra Energy price-consensus-eps-surprise-chart | Sempra Energy QuoteFinancial UpdateAs of Dec 31, 2020, Sempra Energy’s cash and cash equivalents totaled $960 million compared with $108 million as of Dec 31, 2019.Long-term debt and finance leases amounted to $21,781 million as of Dec 31, 2020, compared with $20,785 million at 2019-end.Cash flow from operating activities was $2,591 million at the end of 2020, down from $3,088 million at the end of 2019.The company’s total capital expenditures, investments and acquisitions were $5,328 million in 2020 compared with $5,505 million in 2019.2021 GuidanceSempra Energy reiterated its earnings guidance for 2021. The company continues to expect earnings of $7.50-$8.10 per share. The Zacks Consensus Estimate for full-year earnings stands at $8.09, which lies well above the midpoint of the projected view.Zacks RankSempra Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesXcel Energy Inc. XEL posted fourth-quarter 2020 operating earnings of 54 cents per share, in line with the Zacks Consensus Estimate.NextEra Energy, Inc. NEE reported fourth-quarter 2020 adjusted earnings of 40 cents per share, which beat the Zacks Consensus Estimate of 39 cents by 2.6%.CMS Energy Corp. CMS reported fourth-quarter 2020 adjusted earnings per share of 56 cents, which surpassed the Zacks Consensus Estimate of 55 cents by 1.8%.More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sempra Energy (SRE): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report Xcel Energy Inc. (XEL): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research