earnings
confidence high
sentiment neutral
materiality 0.70
Sempra Q2 adjusted EPS $1.63 vs $1.71 YoY; revenue rises to $2.74B; Oncor $14B capex plan
SOUTHERN CALIFORNIA GAS CO
- GAAP EPS $1.37 vs $7.61 (prior year included $1.754B gain on South America sale); adjusted EPS $1.63 vs $1.71.
- Revenue $2.74B (+8.5% YoY) driven by SDG&E, SoCalGas, and Sempra Mexico segments.
- SoCalGas segment earnings $94M in Q2 vs $146M prior year; six-month SoCalGas earnings $501M vs $449M.
- Six-month 2021 adjusted EPS $4.58 vs $4.20 YoY (+9%); net income $1.298B vs $2.999B (includes prior-year gain).
- Oncor (Sempra Texas Utilities) expanded five-year capital plan to $14B, up from prior plan.