Jun 30, 2022

Sempra Q2 2022 Earnings Report

Sempra reported second-quarter earnings results.

Key Takeaways

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's second-quarter 2022 earnings were $559 million, or $1.77 per diluted share.

Adjusted second-quarter 2022 earnings were $626 million or $1.98 per diluted share.

Sempra California is continuing to operate and construct critical new infrastructure that promotes safety and reliability.

Oncor received 90 new transmission interconnection requests, representing a 73% increase in new requests versus the second quarter last year.

Total Revenue
$3.55B
Previous year: $2.74B
+29.4%
EPS
$0.99
Previous year: $0.82
+20.7%
Gross Profit
$1.32B
Previous year: $1.05B
+25.1%
Cash and Equivalents
$1.93B
Previous year: $335M
+476.4%
Free Cash Flow
-$400M
Previous year: -$490M
-18.4%
Total Assets
$75.6B
Previous year: $68.6B
+10.2%

Sempra

Sempra

Sempra Revenue by Segment

Forward Guidance

Sempra is updating its full-year 2022 GAAP earnings per common share (EPS) guidance range to $6.90 to $7.50. As a result of the company’s strong execution and financial results in the first half of the year, Sempra is guiding to the high end of its full-year 2022 adjusted EPS guidance range of $8.10 to $8.70. Sempra also is affirming its full-year 2023 EPS guidance range of $8.60 to $9.20.

Revenue & Expenses

Visualization of income flow from segment revenue to net income