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Dec 31, 2021
Sempra Q4 2021 Earnings Report
Sempra's financial performance reflected an increase in earnings compared to the previous year.
Key Takeaways
Sempra reported Q4 2021 earnings of $604 million, or $1.90 per diluted share, compared to $414 million, or $1.43 per diluted share, in Q4 2020. On an adjusted basis, Q4 2021 earnings were $688 million, or $2.16 per diluted share, compared to $668 million, or $2.28 per diluted share in Q4 2020. The company increased its five-year capital plan to a company-record $36 billion and raised its annualized common stock dividend for the 12th consecutive year.
Increased five-year capital plan to a company-record $36 billion.
Raised annualized common stock dividend for the 12th consecutive year.
Announced 6-8% long-term EPS growth rate.
Reaffirmed 2022 and issued 2023 EPS guidance range.
Sempra
Sempra
Sempra Revenue by Segment
Revenue by Segment
Sempra California Revenue
CapyFin.comSempra Infrastructure Revenue
CapyFin.com Forward Guidance
Sempra is reaffirming its full-year 2022 earnings per common share (EPS) guidance range of $8.10 to $8.70 and announcing its full-year 2023 EPS guidance range of $8.60 to $9.20. Starting from the midpoint of the 2022 EPS guidance range, Sempra expects to grow long-term EPS at a compound annual growth rate of approximately 6% to 8% through 2026.
Positive Outlook
- Reaffirming its full-year 2022 EPS guidance range of $8.10 to $8.70.
- Announcing its full-year 2023 EPS guidance range of $8.60 to $9.20.
- Expecting to grow long-term EPS at a compound annual growth rate of approximately 6% to 8% through 2026.
- Focused T&D strategy with an emphasis on utility platforms.
- Record $36 billion five-year capital plan supports positive view of the earnings power of the business going forward.
Challenges Ahead
- Risks related to California wildfires and potential liability for damages.
- Regulatory and governmental decisions and actions.
- Success of business development efforts, construction projects, and acquisitions and divestitures.
- Resolution of civil and criminal litigation and regulatory inquiries.
- Changes to laws and trade rules in Mexico that could limit access to the electric generation market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income