Sempra Earnings Reports

Sempra delivered strong Q1 2025 results with growth in both GAAP and adjusted earnings, driven by progress in infrastructure investments and solid performance across all business units.

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.