Sempra Energy (doing business as Sempra)

Latest Results (19.10.2025):

Sempra Energy (doing business as Sempra) reported its third-quarter 2024 financial results, showing a decrease in both GAAP and adjusted earnings compared to the same quarter in the previous year. The company continues to focus on executing its business plan, enhancing safety and operations, and providing affordable services to its customers.

Third Quarter 2024 Earnings

Sempra Energy (doing business as Sempra) reported GAAP earnings of $638 million, or $1.00 per diluted share, for the third quarter of 2024, down from $721 million, or $1.14 per diluted share, in the third quarter of 2023. On an adjusted basis, earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share, in the same period last year.

First Nine Months Performance

For the first nine months of 2024, Sempra Energy (doing business as Sempra) reported GAAP earnings of $2.152 billion, or $3.38 per diluted share, compared to $2.293 billion, or $3.63 per diluted share, for the first nine months of 2023. Adjusted earnings were $1.987 billion, or $3.12 per diluted share, versus $2.201 billion, or $3.48 per diluted share, year-over-year.

Earnings Guidance and Financial Update

Sempra Energy (doing business as Sempra) updated its full-year 2024 GAAP earnings-per-share guidance to a range of $4.86 to $5.16 and affirmed its adjusted EPS guidance range of $4.60 to $4.90. The company also reaffirmed its full-year 2025 EPS guidance range of $4.90 to $5.25 and announced a $3 billion at-the-market equity offering program to support future financing needs. Additionally, Sempra projects a long-term EPS growth rate of approximately 6% to 8%.

Operational Highlights

Sempra Energy (doing business as Sempra) highlighted significant operational achievements, including record peak electricity demand in the San Diego region and substantial investments in energy infrastructure. In Texas, the company is advancing its System Resiliency Plan and expanding its transmission network to support economic growth and increasing electric demand. Sempra Infrastructure continues to progress on key LNG projects, reinforcing the company's position in energy security and decarbonization.

Future Outlook

Looking ahead, Sempra Energy (doing business as Sempra) remains optimistic about its business prospects, with ongoing investments in grid modernization, energy storage, and infrastructure projects. The company anticipates continued growth in capital investments and expects to provide further updates in its upcoming earnings calls.