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Dec 31, 2024
Sempra Q4 2024 Earnings Report
Sempra reported strong Q4 2024 earnings with revenue growth and solid financial performance.
Key Takeaways
Sempra posted Q4 2024 revenue of $3.76 billion, up 7.6% year-over-year, with net income reaching $665 million. Adjusted EPS came in at $1.50, reflecting strong operational results and infrastructure investments. The company continues to expand its Texas and LNG infrastructure portfolio.
Revenue increased by 7.6% year-over-year to $3.76 billion.
Net income was $665 million, with a diluted EPS of $1.04.
Adjusted EPS grew to $1.50, compared to $1.13 in Q4 2023.
Sempra Infrastructure contributed $259 million in earnings, driven by LNG and pipeline projects.
Sempra
Sempra
Sempra Revenue by Segment
Revenue by Segment
Sempra California Revenue
CapyFin.comSempra Infrastructure Revenue
CapyFin.com Forward Guidance
Sempra expects continued growth in 2025, with a five-year capital investment plan of $56 billion. The company is targeting EPS guidance of $4.30 to $4.70 for 2025 and aims for 7%-9% annual EPS growth.
Positive Outlook
- Projected 2025 EPS guidance between $4.30 and $4.70.
- Five-year capital investment plan raised to $56 billion.
- Increased focus on Texas grid expansion and modernization.
- Port Arthur LNG Phase 2 Final Investment Decision expected in 2025.
- Oncor's $36 billion capital plan to support Texas growth.
Challenges Ahead
- Higher regulatory scrutiny in California impacting rate approvals.
- Potential volatility in natural gas prices affecting profitability.
- Foreign currency fluctuations impacting Mexican operations.
- Rising interest rates could increase financing costs.
- Ongoing capital expenditures may pressure near-term cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income