NYSE$SRE
Sempra Energy · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Sempra reported mixed second-quarter 2024 earnings, with GAAP earnings increasing but adjusted earnings decreasing compared to the same period last year.
Sempra reported a rise in GAAP earnings but a decrease in adjusted earnings for Q2 2024. The company is focusing on growth across its business platforms, driven by electrification, economic development, and demand for cleaner energy. Oncor reached a settlement in principle on its System Resiliency Plan.
- Sempra's GAAP earnings for Q2 2024 were $713 million, or $1.12 per diluted share, compared to $603 million, or $0.95 per diluted share, for Q2 2023.
- Adjusted earnings for Q2 2024 were $567 million, or $0.89 per diluted share, compared to $594 million, or $0.94 per diluted share, for Q2 2023.
- Oncor reached a settlement in principle regarding its System Resiliency Plan, with potential capital investments of nearly $3 billion over three years.
- Sempra is updating its full-year 2024 GAAP EPS guidance range to $4.74 to $5.04, and affirming its full-year 2024 adjusted EPS guidance range of $4.60 to $4.90.
Headline financials
Revenue & EPS history
Sempra · Revenue · Quarterly
$3.01B
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 2024 GAAP earnings-per-common share (EPS) guidance range to $4.74 to $5.04 reflecting actual results through the second quarter, affirming its full-year 2024 adjusted EPS guidance range of $4.60 to $4.90 and affirming its full-year 2025 EPS guidance range of $4.90 to $5.25. The company is also affirming its projected long-term EPS growth rate of approximately 6% to 8%.
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 2024
-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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