earnings
confidence high
sentiment neutral
materiality 0.70
Sempra Q1 GAAP EPS $1.26 vs $1.53; adjusted $1.34 vs $1.46; files $3B Oncor plan, FID on Cimarrón wind
SEMPRA
2024-Q1 EPS reported
$1.26
revenue$3,640,000,000
- GAAP earnings $801M ($1.26/diluted) vs $969M ($1.53) in Q1 2023; adjusted earnings $854M ($1.34) vs $922M ($1.46).
- Equity earnings from Sempra Texas Utilities (Oncor) doubled to $185M from $84M year-over-year.
- Filed a $3B System Resiliency Plan at Oncor with the Public Utility Commission of Texas for grid modernization.
- Reached final investment decision (FID) on the Cimarrón Wind Farm to expand Sempra Infrastructure's renewable portfolio.