NYSE$SRE

Sempra Energy · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Sempra reported strong second-quarter 2021 financial results, driven by a simplified business model and strategic focus on growing markets.

Sempra announced second-quarter 2021 earnings of $424 million, or $1.37 per diluted share, compared to second-quarter 2020 earnings of $2.239 billion, or $7.61 per diluted share. On an adjusted basis, the company’s second-quarter 2021 earnings were $504 million, or $1.63 per diluted share, compared to $501 million, or $1.71 per diluted share, in the second quarter of 2020.

  • Reported strong second-quarter and year-to-date 2021 financial results.
  • Announced higher projected five-year capital plan at Oncor of $14 billion.
  • SDG&E received approval from the CPUC for its 2021 Wildfire Mitigation Plan Update.
  • SoCalGas began renewable natural gas (RNG) flows at two additional biomethane projects.

Headline financials

Total Revenue

$2.74B

Previous: $2.53B+8.5%
EPS (adj)

$0.82

Previous: $0.83-1.2%
Capital Expenditures

-$2.42B

Previous: -$2.2B-10.3%
Free Cash Flow

-$1.97B

Previous: $107M-1940.2%
Net Income

$455M

Previous: $2.31B-80.3%
Operating Income

$1.06B

Previous: $1.08B-1.9%
Gross Profit

$2.74B

Previous: $2.52B+8.6%
Cash & Equivalents

$335M

Previous: $4.89B-93.2%
Total Assets

$68.6B

Previous: $68.4B+0.3%
Stock-Based Comp

$17M

Previous: $14M+21.4%

Revenue & EPS history

Sempra · Revenue · Quarterly

$2.74B

Q2 2021+8.5%vs Q2 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Sempra · $160M total across 1 segment · Q2 2023

  • Sempra Texas Utilities
    $160M

Forward guidance

Sempra is updating its full-year 2021 GAAP EPS guidance range to $7.41 to $8.01 and affirming its full-year 2021 adjusted EPS guidance range of $7.75 to $8.35. Sempra is also affirming its full-year 2022 EPS guidance range of $8.10 to $8.70.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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