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Dec 31, 2022

Sempra Q4 2022 Earnings Report

Sempra's Q4 2022 earnings were reported, showcasing strong safety and operational results, progress in LNG projects, and reaffirmed financial guidance.

Key Takeaways

Sempra reported Q4 2022 GAAP earnings of $438 million, or $1.39 per diluted share, compared to $604 million, or $1.90 per diluted share in Q4 2021. Adjusted earnings for Q4 2022 were $743 million, or $2.35 per diluted share, compared to $688 million, or $2.16 per diluted share in Q4 2021. The company reaffirmed its 2023 EPS guidance range and long-term EPS growth rate.

Achieved strong safety and operational results.

Targeting Port Arthur LNG Phase 1 FID in Q1 2023.

Affirming 2023 EPS guidance range of $8.60 to $9.20.

Reiterating long-term 6-8% compound annual EPS growth rate.

Total Revenue
$3.46B
Previous year: $3.84B
-10.1%
EPS
$1.18
Previous year: $1.08
+9.3%
Gross Profit
$1.04B
Previous year: $1.55B
-32.9%
Cash and Equivalents
$370M
Previous year: $559M
-33.8%
Total Assets
$78.6B
Previous year: $72B
+9.1%

Sempra

Sempra

Sempra Revenue by Segment

Forward Guidance

Sempra is reaffirming its full-year 2023 earnings per common share (EPS) guidance range of $8.60 to $9.20. The company is also reiterating its long-term projected EPS compound annual growth rate of approximately 6% to 8% based on the midpoint of 2023 EPS guidance range.