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Mar 31, 2024
Sempra Q1 2024 Earnings Report
Sempra reported first-quarter 2024 earnings with strong economic growth and strategic capital investments.
Key Takeaways
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.
Reported GAAP earnings of $801 million or $1.26 per diluted share, compared to $969 million or $1.53 per diluted share for Q1 2023.
Adjusted first-quarter 2024 earnings were $854 million or $1.34 per diluted share, compared to $922 million, or $1.46 per diluted share in 2023.
Oncor filed a system resiliency plan outlining nearly $3 billion of strategic capital investments over the next three years.
Made a positive final investment decision and began construction of the Cimarrón wind project, anticipated to provide approximately 320 megawatts of wind capacity.
Revenue by Segment
Forward Guidance
Sempra 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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