Sempra Q2 2020 Earnings Report
Key Takeaways
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.
Delivered strong financial results with increased second-quarter GAAP and Adjusted Earnings.
Executed on record capital plans at U.S. Utility Businesses.
Moved to full run-rate earnings and cash flows in the Coming Days at Cameron LNG with Phase 1 Construction Now Complete.
Completed the sales of its South American businesses in June.
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Sempra Revenue by Segment
Forward Guidance
Sempra Energy is updating its full-year 2020 GAAP earnings-per-common-share (EPS) guidance range to $12.59 to $13.19 from $12.38 to $13.32, primarily reflecting completion of the sale of its South American businesses. The company is also reaffirming its full-year 2020 adjusted EPS guidance range that was increased to $7.20 to $7.80 on June 30, 2020. Additionally, the company is reaffirming its full-year 2021 EPS guidance range of $7.50 to $8.10, driven primarily by strong execution at its U.S. utility businesses.