earnings
confidence high
sentiment positive
materiality 0.75
Sempra Q1 GAAP EPS $3.07 vs $1.93; issues 2024 guidance $9.10-$9.80
SOUTHERN CALIFORNIA GAS CO
- Sempra Q1 GAAP earnings $969M ($3.07 EPS) vs $612M ($1.93 EPS) YoY; adjusted EPS $2.92 flat.
- Issues FY2024 EPS guidance range $9.10-$9.80; five-year capital plan raised to $40B.
- Oncor base rate review finalized; Oncor's five-year capital plan increased by $4B.
- SoCalGas segment contributed $360M in Q1 earnings, up from $334M last year.
- Adjusted earnings exclude $217M net unrealized derivative gains and $109M foreign currency losses.