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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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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