Sempra Energy’s SRE first-quarter 2019 adjusted earnings per share (EPS) came in at $1.92, surpassing the Zacks Consensus Estimate of $1.69 by 13.6%. The bottom line also improved 34.3% from $1.43 registered in the prior-year quarter.Barring one-time items, the company generated GAAP earnings of $1.59 per share compared with $1.33 in first-quarter 2018. This year-over-year upside was driven by solid top-line performance.Total RevenuesIn the quarter under review, total revenues of $2,898 million increased 14.3% year over year on higher contributions from both its Utilities (up 14.8%) and energy-related businesses (up 10.7%). The top line, however, missed the consensus mark of $3,120 million by 7.2%.Sempra Energy Price, Consensus and EPS Surprise Sempra Energy Price, Consensus and EPS Surprise | Sempra Energy QuoteSegment UpdateSan Diego Gas & Electric (SDG&E): Quarterly earnings amounted to $176 million compared with the year-ago quarter’s $170 million.Southern California Gas Company (SoCalGas): At this segment, quarterly earnings totaled $264 million in the first quarter of 2019 compared with $225 million registered in the prior-year quarter.Sempra Texas Utility: Earnings at this segment came in at $94 million in the reported quarter compared with earnings of $15 million in the year-ago quarter.Sempra Mexico: The segment recorded net earnings of $57 million compared with $20 million in the year-ago quarter.Sempra Renewables: The segment recorded net quarterly earnings of $13 million compared with $21million in the first quarter of 2018.Sempra LNG: The segment reported earnings of $5 million against the year-ago quarter’s loss of $16 million.Parent and Other: Quarterly loss at this division increased to $117 million from the year-ago quarter’s loss of $109 million.Financial UpdateAs of Mar 31, 2019, Sempra Energy’s cash and cash equivalents totaled $78 million compared with $102 million as of Dec 31, 2018.Long-term debt amounted to $19,738 million as of Mar 31, 2019, compared with $20,903 million at 2018 end.Cash flow from operating activities was $951 million at the end of first-quarter 2019, down from $966 million at the end of first-quarter 2018.In the reported quarter, the company’s capital expenditures, investments and acquisitions summed $877 million compared with $10,596 million in the first quarter of 2018.Highlights of the QuarterIn March 2019, Sempra Energy increased its projected share of full run-rate earnings from the first three trains at Cameron LNG to $400-$450 million annually, up from $365-$425 million anticipated earlier. Sempra Energy expects to begin recognizing earnings from Train 1 in mid-2019.In the quarter under review, the company also announced the sale process of its equity interests in its South American businesses, including its 83.6% stake in Luz del Sur S.A.A. in Peru and a 100% stake in Chilquinta Energía S.A. in Chile. First-round bids are expected in June.2019 GuidanceSempra Energy reaffirmed its earnings guidance for 2019. The company still expects to generate earnings of $5.70-$6.30. The Zacks Consensus Estimate for full-year earnings stands at $6.01 per share, slightly above the midpoint of the company projected view.Zacks RankSempra Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Utility ReleasesFirstEnergy Corp. FE delivered first-quarter 2019 operating earnings of 67 cents per share, which outpaced the Zacks Consensus Estimate of 66 cents by 1.52%.NextEra Energy, Inc.’s NEE first-quarter 2019 adjusted earnings came in at $2.20 per share, beating the Zacks Consensus Estimate of $2.01 by 9.4%.DTE Energy Co. DTE reported first-quarter 2019 operating earnings per share of $2.05, which exceeded the Zacks Consensus Estimate of $1.95 by 5.1%.Radical New Technology Creates $12.3 Trillion OpportunityImagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.See the 7 breakthrough stocks now>>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 NextEra Energy, Inc. (NEE): Free Stock Analysis Report FirstEnergy Corporation (FE): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report Sempra Energy (SRE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research