Sempra Earnings Reports

Sempra posted Q4 2024 revenue of $3.76 billion, up 7.6% year-over-year, with net income reaching $665 million. Adjusted EPS came in at $1.50, reflecting strong operational results and infrastructure investments. The company continues to expand its Texas and LNG infrastructure portfolio.

Sempra reported GAAP earnings of $638 million, or $1.00 per diluted share, for the third quarter of 2024, compared to $721 million, or $1.14 per diluted share, for the same period in 2023. Adjusted earnings for the third quarter of 2024 were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023.

Sempra reported a rise in GAAP earnings but a decrease in adjusted earnings for Q2 2024. The company is focusing on growth across its business platforms, driven by electrification, economic development, and demand for cleaner energy. Oncor reached a settlement in principle on its System Resiliency Plan.

Sempra reported GAAP earnings of $801 million, or $1.26 per diluted share, and adjusted earnings of $854 million, or $1.34 per diluted share. The company is updating its full-year 2024 GAAP earnings per common share (EPS) guidance range to $4.52 to $4.82 reflecting actual results through the first quarter, affirming its full-year 2024 adjusted EPS guidance range of $4.60 to $4.90, and affirming its full-year 2025 EPS guidance range of $4.90 to $5.25.

Sempra reported Q4 2023 GAAP earnings of $737 million, or $1.16 per diluted share, compared to $438 million, or $0.69 per diluted share, for Q4 2022. On an adjusted basis, Q4 2023 earnings were $719 million, or $1.13 per diluted share, compared to $743 million, or $1.17 per diluted share, for Q4 2022. The company is forecasting a company-record five-year capital plan of approximately $48 billion, representing a 20% increase from the previous capital plan.

Sempra reported third-quarter 2023 earnings of $721 million, or $1.14 per diluted share, compared to $485 million, or $0.77 per diluted share for the same period of last year. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622 million, or $0.98 per diluted share, in 2022.

Sempra announced Q2 2023 earnings of $603 million, or $1.91 per diluted share, compared to $559 million, or $1.77 per diluted share for Q2 2022. On an adjusted basis, the company’s second-quarter 2023 earnings were $594 million, or $1.88 per diluted share, compared to $626 million, or $1.98 per diluted share, in 2022.

Sempra reported first-quarter 2023 earnings of $969 million, or $3.07 per diluted share, compared to first-quarter 2022 earnings of $612 million, or $1.93 per diluted share. On an adjusted basis, the company’s first-quarter 2023 earnings were $922 million, or $2.92 per diluted share, compared to $924 million, or $2.91 per diluted share, in 2022.

Sempra reported Q4 2022 GAAP earnings of $438 million, or $1.39 per diluted share, compared to $604 million, or $1.90 per diluted share in Q4 2021. Adjusted earnings for Q4 2022 were $743 million, or $2.35 per diluted share, compared to $688 million, or $2.16 per diluted share in Q4 2021. The company reaffirmed its 2023 EPS guidance range and long-term EPS growth rate.

Sempra announced third-quarter 2022 earnings of $485 million, or $1.53 per diluted share, compared to third-quarter 2021 losses of $648 million, or $2.03 per diluted share. On an adjusted basis, the company’s third-quarter 2022 earnings were $622 million or $1.97 per diluted share, compared to $545 million, or $1.70 per diluted share, in 2021.

Sempra announced second-quarter 2022 earnings of $559 million, or $1.77 per diluted share, compared to second-quarter 2021 earnings of $424 million, or $1.37 per diluted share. On an adjusted basis, the company’s second-quarter 2022 earnings were $626 million or $1.98 per diluted share, compared to $504 million, or $1.63 per diluted share, in 2021.

Sempra announced first-quarter 2022 earnings of $612 million, or $1.93 per diluted share, compared to first-quarter 2021 earnings of $874 million, or $2.87 per diluted share. On an adjusted basis, the company’s first-quarter 2022 earnings were $924 million, or $2.91 per diluted share, compared to $900 million, or $2.95 per diluted share, in 2021.

Sempra reported Q4 2021 earnings of $604 million, or $1.90 per diluted share, compared to $414 million, or $1.43 per diluted share, in Q4 2020. On an adjusted basis, Q4 2021 earnings were $688 million, or $2.16 per diluted share, compared to $668 million, or $2.28 per diluted share in Q4 2020. The company increased its five-year capital plan to a company-record $36 billion and raised its annualized common stock dividend for the 12th consecutive year.

Sempra reported a net loss of $648 million for Q3 2021, primarily due to a $1.1 billion after-tax charge related to the Aliso Canyon natural gas storage facility leak. However, adjusted earnings were $545 million, up from $432 million in Q3 2020, driven by strong growth across all three business platforms.

Sempra announced second-quarter 2021 earnings of $424 million, or $1.37 per diluted share, compared to second-quarter 2020 earnings of $2.239 billion, or $7.61 per diluted share. On an adjusted basis, the company’s second-quarter 2021 earnings were $504 million, or $1.63 per diluted share, compared to $501 million, or $1.71 per diluted share, in the second quarter of 2020.

Sempra Energy announced first-quarter 2021 earnings of $874 million, or $2.87 per diluted share, compared to first-quarter 2020 earnings of $760 million, or $2.53 per diluted share. On an adjusted basis, the company’s first-quarter 2021 earnings were $900 million, or $2.95 per diluted share, compared to $741 million, or $2.47 per diluted share, in the first quarter of 2020.

Sempra Energy announced Q4 2020 earnings of $414 million, or $1.43 per diluted share, compared to $447 million, or $1.55 per diluted share, in Q4 2019. On an adjusted basis, Q4 2020 earnings were $553 million, or $1.90 per diluted share. The company reaffirmed its full-year 2021 EPS guidance range of $7.50 to $8.10.

Sempra Energy reported Q3 2020 earnings of $351 million, or $1.21 per diluted share, compared to $813 million, or $2.84 per diluted share for Q3 2019. On an adjusted basis, the company's Q3 2020 earnings were $380 million, or $1.31 per diluted share, compared to $425 million, or $1.50 per diluted share in Q3 2019.

Sempra Energy reported second-quarter 2020 earnings of $2.239 billion, or $7.61 per diluted share, compared to second-quarter 2019 earnings of $354 million, or $1.26 per diluted share. On an adjusted basis, the company’s second-quarter 2020 earnings were $485 million, or $1.65 per diluted share, compared to $309 million, or $1.10 per diluted share, in the second quarter of 2019.

Sempra Energy reported first-quarter 2020 earnings of $760 million, or $2.53 per diluted share, compared to $441 million, or $1.59 per diluted share for the same period in 2019. On an adjusted basis, the company's first-quarter 2020 earnings were $932 million, or $3.08 per diluted share, compared to $534 million, or $1.92 per diluted share, in the first quarter of 2019.

Sempra Energy reported Q4 2019 earnings of $447 million, or $1.55 per diluted share. Full-year 2019 earnings were $2.1 billion, or $7.29 per diluted share. The company increased its common stock dividend by 8% and achieved substantial completion of Cameron LNG Train 2.