Sempra Q3 profit falls to $638 million, or $1.00 per share, from $721 million
Sempra reported third-quarter 2024 GAAP earnings of $638 million, or $1.00 per diluted share, down from $721 million, or $1.14, a year earlier, and adjusted earnings of $566 million, or $0.89 per share, versus $685 million, or $1.08. Third-quarter revenue fell to $2.776 billion from $3.334 billion, and the company affirmed its 2024 adjusted EPS guidance of $4.60 to $4.90 while raising its GAAP EPS guidance range to $4.86 to $5.16 and announcing a $3 billion at-the-market equity offering program.
Key points
- Q3 2024 GAAP earnings of $638 million ($1.00 per diluted share) vs. $721 million ($1.14) in Q3 2023
- Q3 2024 adjusted EPS of $0.89 vs. $1.08 a year earlier; revenue of $2.776 billion vs. $3.334 billion
- Full-year 2024 GAAP EPS guidance updated to $4.86 to $5.16; adjusted EPS guidance of $4.60 to $4.90 affirmed; 2025 EPS guidance of $4.90 to $5.25 affirmed
- $3 billion at-the-market equity offering program put in place; Oncor expects a 40-50% increase to its five-year capital plan of $24 billion, with an update in February 2025
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.
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