Sep 30, 2023

Sempra Q3 2023 Earnings Report

Sempra announced strong third-quarter 2023 earnings results and updated its 2023 GAAP EPS guidance range.

Key Takeaways

Sempra reported third-quarter 2023 earnings of $721 million, or $1.14 per diluted share, compared to $485 million, or $0.77 per diluted share for the same period of last year. On an adjusted basis, the company’s third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622 million, or $0.98 per diluted share, in 2022.

Sempra's third-quarter 2023 earnings were $721 million, or $1.14 per diluted share.

Adjusted third-quarter 2023 earnings were $685 million, or $1.08 per diluted share.

Sempra is updating its full-year 2023 GAAP EPS guidance range to $4.44 to $4.74.

Company expects a potential increase above its current five-year $40 billion capital plan.

Total Revenue
$3.33B
Previous year: $3.62B
-7.8%
EPS
$1.08
Previous year: $0.99
+9.1%
Gross Profit
$1.35B
Previous year: $1.26B
+6.8%
Cash and Equivalents
$1.39B
Previous year: $685M
+102.5%
Free Cash Flow
-$1.07B
Previous year: -$2.09B
-49.0%
Total Assets
$85.7B
Previous year: $75.6B
+13.5%

Sempra

Sempra

Sempra Revenue by Segment

Forward Guidance

Sempra is updating its full-year 2023 GAAP EPS guidance range to $4.44 to $4.74 and expects to be at or above the high-end of its full-year 2023 adjusted EPS guidance range of $4.30 to $4.60. Sempra also is affirming its full-year 2024 EPS guidance range of $4.55 to $4.90 and affirming its projected long-term EPS growth rate of 6% to 8%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income