earnings
confidence high
sentiment negative
materiality 0.80
Sempra Q3 GAAP loss $648M on $1.1B Aliso Canyon charge; adj. EPS $1.70
SOUTHERN CALIFORNIA GAS CO
- Q3 GAAP loss $648M ($2.03 loss per diluted share) vs. earnings of $351M ($1.21) in Q3 2020.
- Adjusted earnings $545M ($1.70 per diluted share) vs. $432M ($1.49) a year earlier.
- $1.1B after-tax charge for civil litigation related to the 2015 Aliso Canyon leak.
- SoCalGas segment posted Q3 loss of $1.126B (vs. $24M loss in Q3 2020) driven by the Aliso Canyon charge.
- Oncor's projected 2022-2026 capital plan raised to $15 billion; Sempra Infrastructure integrated transactions completed.