NYSE$SRE

Sempra Energy · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Sempra reported strong Q4 2024 earnings with revenue growth and solid financial performance.

Sempra posted Q4 2024 revenue of $3.76 billion, up 7.6% year-over-year, with net income reaching $665 million. Adjusted EPS came in at $1.50, reflecting strong operational results and infrastructure investments. The company continues to expand its Texas and LNG infrastructure portfolio.

  • Revenue increased by 7.6% year-over-year to $3.76 billion.
  • Net income was $665 million, with a diluted EPS of $1.04.
  • Adjusted EPS grew to $1.50, compared to $1.13 in Q4 2023.
  • Sempra Infrastructure contributed $259 million in earnings, driven by LNG and pipeline projects.

Headline financials

Total Revenue

$3.76B

Previous: $3.49B+7.6%
EPS (adj)

$1.50

Previous: $1.13+32.7%
Adjusted earnings

$960M

No prior period
Diluted shares outstanding

641.4M

No prior period
Capital Expenditures

-$2.45B

Previous: -$2.32B-5.5%
Net Income

$676M

Previous: $856M-21.0%
Operating Income

$602M

Previous: $452M+33.2%
Gross Profit

$1.95B

Previous: $822M+137.3%

Revenue & EPS history

Sempra · Revenue · Quarterly

$3.76B

Q4 2024+7.6%vs Q4 2023
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Revenue by segment

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

  • Sempra Texas Utilities
    $160M

Forward guidance

Sempra expects continued growth in 2025, with a five-year capital investment plan of $56 billion. The company is targeting EPS guidance of $4.30 to $4.70 for 2025 and aims for 7%-9% annual EPS growth.

Tailwinds

  • Projected 2025 EPS guidance between $4.30 and $4.70.
  • Five-year capital investment plan raised to $56 billion.
  • Increased focus on Texas grid expansion and modernization.
  • Port Arthur LNG Phase 2 Final Investment Decision expected in 2025.
  • Oncor's $36 billion capital plan to support Texas growth.

Headwinds

  • Higher regulatory scrutiny in California impacting rate approvals.
  • Potential volatility in natural gas prices affecting profitability.
  • Foreign currency fluctuations impacting Mexican operations.
  • Rising interest rates could increase financing costs.
  • Ongoing capital expenditures may pressure near-term cash flow.

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 Q4 2024

Historical avgQ4 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

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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