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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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