NYSE$SRE
Sempra Energy · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Sempra announced first-quarter earnings, finalized base rate review at Oncor, increased Oncor's five-year capital plan by $4 billion, updated Sempra’s five-year capital plan to $40 billion, and issued full-year 2024 EPS guidance range.
Sempra reported first-quarter 2023 earnings of $969 million, or $3.07 per diluted share, compared to first-quarter 2022 earnings of $612 million, or $1.93 per diluted share. On an adjusted basis, the company’s first-quarter 2023 earnings were $922 million, or $2.92 per diluted share, compared to $924 million, or $2.91 per diluted share, in 2022.
- Sempra's strategy focuses on building new energy networks in North America to improve energy security and support decarbonization.
- The company announced a new five-year capital plan of $40 billion for 2023-2027 to improve safety, bolster reliability, and support cleaner energy delivery.
- Oncor received a final order from the Public Utility Commission of Texas (PUCT) in its base rate review proceeding.
- Sempra Infrastructure Partners reached a positive final investment decision for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.
Headline financials
Revenue & EPS history
Sempra · Revenue · Quarterly
$6.56B
Revenue by segment
Sempra · $160M total across 1 segment · Q2 2023
- Sempra Texas Utilities$160M—100.0%
Forward guidance
Sempra is updating its full-year 2023 GAAP earnings per common share (EPS) guidance range of $8.76 to $9.36, affirming its full-year 2023 adjusted EPS guidance range of $8.60 to $9.20 and announcing its full-year 2024 EPS guidance range of $9.10 to $9.80. The company is also affirming its projected long-term EPS growth rate of 6% to 8%.
Tailwinds
- Sempra is updating its full-year 2023 GAAP earnings per common share (EPS) guidance range of $8.76 to $9.36
- Sempra is affirming its full-year 2023 adjusted EPS guidance range of $8.60 to $9.20
- Sempra is announcing its full-year 2024 EPS guidance range of $9.10 to $9.80.
- Sempra is affirming its projected long-term EPS growth rate of 6% to 8%.
- Continued strong execution across our three growth platforms, together with significant projected rate base growth, support our positive view of the earnings power of our business going forward
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.3%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+0.7%
Avg return
30 days after
48%
32 / 67 earnings
Positive
+9.1%
Q3 2024
Best reaction
-19.0%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.9% | -2.2% | -2.3% | |
| Q4 2025 | -0.0% | +0.9% | +1.5% | |
| Q3 2025 | -0.1% | +0.5% | -2.0% | |
| Q2 2025 | +1.8% | +1.2% | -0.0% | |
| Q1 2025 | -0.2% | -1.0% | +1.3% | |
| Q4 2024 | -19.0% | -17.9% | -19.6% | |
| Q3 2024 | +9.1% | +12.0% | +8.9% | |
| Q2 2024 | -1.8% | -0.4% | +5.6% | |
| Q1 2024 | +3.5% | +6.1% | +4.5% | |
| Q4 2023 | -0.3% | -1.5% | +1.3% | |
| Q3 2023 | -0.3% | -2.2% | +1.6% | |
| Q2 2023 | -3.4% | -2.4% | -4.6% | |
| Q1 2023 | +1.5% | +2.0% | -5.3% | |
| Q4 2022 | -4.5% | -2.6% | -3.4% | |
| Q3 2022 | +2.9% | +0.8% | +10.2% | |
| Q2 2022 | -2.9% | -1.2% | +1.4% | |
| Q1 2022 | +0.2% | -3.6% | -2.6% | |
| Q4 2021 | +7.5% | +10.5% | +21.0% | |
| Q3 2021 | -1.4% | -2.2% | -2.8% | |
| Q2 2021 | +1.1% | +0.7% | +1.9% | |
| Q1 2021 | -1.0% | +0.8% | -1.1% | |
| Q4 2020 | -5.4% | -4.4% | +7.8% | |
| Q3 2020 | -2.8% | +5.9% | -0.2% | |
| Q2 2020 | +2.5% | +6.8% | -3.3% | |
| Q1 2020 | +3.6% | +3.6% | +9.7% | |
| Q4 2019 | -4.8% | -4.0% | -17.5% | |
| Q3 2019 | +0.9% | -0.9% | +1.9% | |
| Q2 2019 | -2.6% | -0.4% | +4.4% | |
| Q1 2019 | -0.5% | +2.2% | +6.8% | |
| Q4 2018 | +2.3% | +3.1% | +5.9% | |
| Q3 2018 | +4.2% | +1.9% | +2.4% | |
| Q2 2018 | -0.7% | -2.0% | +1.2% | |
| Q1 2018 | -4.8% | -4.2% | -9.9% | |
| Q4 2017 | -0.5% | -2.2% | +1.6% | |
| Q3 2017 | +1.6% | +2.9% | +4.0% | |
| Q2 2017 | +0.9% | +0.6% | +1.6% | |
| Q1 2017 | -0.3% | -0.3% | +3.2% | |
| Q4 2016 | +0.8% | +0.4% | +1.3% | |
| Q3 2016 | -3.7% | -0.7% | -4.7% | |
| Q2 2016 | -3.0% | -3.6% | -5.5% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | -2.0% | — | — | |
| Q1 2015 | -4.3% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +2.3% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.5% | — | — | |
| Q1 2013 | +2.2% | — | — | |
| Q4 2012 | +2.6% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | +0.2% | — | — | |
| Q1 2012 | +1.6% | — | — | |
| Q4 2011 | -1.3% | — | — | |
| Q4 2008 | -1.3% | — | — | |
| Q3 2011 | +1.1% | — | — | |
| Q2 2011 | +0.3% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q3 2010 | -3.2% | — | — | |
| Q2 2010 | +2.0% | — | — | |
| Q1 2010 | -4.4% | — | — | |
| Q4 2009 | -2.0% | — | — |
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