Mar 31, 2021

Sempra Q1 2021 Earnings Report

Sempra Energy reported strong first-quarter 2021 earnings results.

Key Takeaways

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 first-quarter 2021 earnings of $874 million, or $2.87 per diluted share.

Adjusted first-quarter 2021 earnings were $900 million, or $2.95 per diluted share.

SoCalGas announced its goal to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045.

Oncor continued to see strong organic growth and connected approximately 19,000 new premises.

Total Revenue
$3.26B
Previous year: $3.03B
+7.6%
EPS
$1.48
Previous year: $1.54
-3.9%
Gross Profit
$1.57B
Previous year: $1.45B
+7.9%
Cash and Equivalents
$725M
Previous year: $2.25B
-67.7%
Free Cash Flow
$321M
Previous year: $308M
+4.2%
Total Assets
$67.8B
Previous year: $68.3B
-0.7%

Sempra

Sempra

Sempra Revenue by Segment

Forward Guidance

Sempra Energy is updating its full-year 2021 GAAP EPS guidance range to $7.42 to $8.02 and affirming its full-year 2021 adjusted EPS guidance range of $7.50 to $8.10.