Sep 30, 2022

Sempra Q3 2022 Earnings Report

Sempra reported strong earnings results driven by disciplined execution across its three growth platforms and advancements in Port Arthur LNG development.

Key Takeaways

Sempra announced third-quarter 2022 earnings of $485 million, or $1.53 per diluted share, compared to third-quarter 2021 losses of $648 million, or $2.03 per diluted share. On an adjusted basis, the company’s third-quarter 2022 earnings were $622 million or $1.97 per diluted share, compared to $545 million, or $1.70 per diluted share, in 2021.

Sempra reported third-quarter 2022 earnings of $485 million, or $1.53 per diluted share.

Adjusted third-quarter 2022 earnings were $622 million, or $1.97 per diluted share.

Updated full-year 2022 GAAP EPS guidance range to $7.07 to $7.37.

Raised full-year 2022 adjusted EPS guidance range to $8.70 to $9.00.

Total Revenue
$3.62B
Previous year: $3.01B
+20.0%
EPS
$0.99
Previous year: $0.85
+16.5%
Gross Profit
$1.26B
Previous year: $1.13B
+11.8%
Cash and Equivalents
$685M
Previous year: $873M
-21.5%
Free Cash Flow
-$2.09B
Previous year: -$456M
+357.9%
Total Assets
$75.6B
Previous year: $70.5B
+7.2%

Sempra

Sempra

Sempra Revenue by Segment

Forward Guidance

Sempra is updating its full-year 2022 GAAP EPS guidance range to $7.07 to $7.37 and raising its full-year 2022 adjusted EPS guidance range to $8.70 to $9.00. Sempra also is affirming its full-year 2023 EPS guidance range of $8.60 to $9.20.