Sempra Q2 2023 Earnings Report
Key Takeaways
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 is focused on becoming North America’s premier energy infrastructure company.
The company is simplifying its business model and rotating capital into Sempra California, Sempra Texas and Sempra Infrastructure.
Oncor connected 21,000 new premises to the ERCOT grid and constructed or upgraded roughly 575 miles of distribution lines.
Sempra Infrastructure expects to finalize its ownership stake in Port Arthur LNG Phase 1 at an indirect ownership of 28%.
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Sempra Revenue by Segment
Forward Guidance
Sempra is updating its full-year 2023 GAAP earnings per common share (EPS) guidance range to $8.78 to $9.38 and affirming its full-year 2023 adjusted EPS guidance range of $8.60 to $9.20. The company is also affirming its full-year 2024 EPS guidance range of $9.10 to $9.80 and its projected long-term EPS growth rate of 6% to 8%.