Sempra Energy (SRE) Tops Q1 EPS by 17c; revenue up 72%

Sempra Energy (NYSE: SRE) reported Q1 EPS of $2.92, $0.17 better than the analyst estimate of $2.75. Revenue for the quarter came in at $6.56 billion versus the consensus estimate of $3.81 billion.

GUIDANCE:

Sempra Energy sees FY2023 EPS of $8.60-$9.20, versus the consensus of $9.01.

Earnings 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%.

For earnings history and earnings-related data on Sempra Energy (SRE) click here.

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