earnings
confidence high
sentiment positive
materiality 0.85
Sempra Q3 GAAP EPS $1.14, adj. EPS $1.08; raises full-year guidance
SEMPRA
2023-Q3 EPS reported
$3.63
revenue$13,229,000,000
- Q3 GAAP net income $721M ($1.14/diluted share) vs $485M ($0.77) YoY; adjusted EPS $1.08 vs $0.98.
- Updated 2023 GAAP EPS guidance to $4.44-$4.74; expects adj. EPS at or above high end of $4.30-$4.60 range.
- Company expects 10-20% increase above current five-year $40B capital plan.
- Sempra Infrastructure segment earnings $223M in Q3, up from $114M YoY, driven by LNG exports.
- SoCalGas returned to profitability with $16M earnings vs ($82M) loss in Q3 2022 after Aliso Canyon charge.