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Sempra(SRE) - 2024 Q1 - Quarterly Report
2024-05-07 20:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) | | | | | | Former name, former address | | --- | --- | --- | --- | --- | --- | | | | | | I.R.S. | and former | | | | | | Employer | fiscal year, if | | Commission | | Exact Name of Registrant as Specified in its Charter, | State of | Identification | changed since | | File No. | | Address of Principal Executive Office and Telephone Number | Incorporation | No. | last report | | 1-14201 | SEMPRA | | California | 33- ...
Sempra(SRE) - 2024 Q1 - Earnings Call Transcript
2024-05-07 20:14
Sempra (NYSE:SRE) Q1 2024 Earnings Conference Call May 7, 2024 12:00 PM ET Company Participants Glen Donovan - Vice President, Investor Relations Jeff Martin - Chairman & Chief Executive Officer Karen Sedgwick - Executive Vice President & Chief Financial Officer Allen Nye - Chief Executive Officer, Oncor Justin Bird - Executive Vice President & Chief Executive Officer, Sempra Infrastructure Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Securities Durgesh Chopra - E ...
Sempra(SRE) - 2024 Q1 - Earnings Call Presentation
2024-05-07 15:43
Statements Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or ...
Sempra(SRE) - 2024 Q1 - Quarterly Results
2024-05-07 15:02
Exhibit 99.1 NEWS RELEASE Sempra Reports First-Quarter 2024 Results SAN DIEGO, May 7, 2024 – Sempra (NYSE: SRE) (BMV: SRE) today reported first-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $801 million or $1.26 per diluted share, compared to first-quarter 2023 GAAP earnings of $969 million or $1.53 per diluted share. On an adjusted basis, first-quarter 2024 earnings were $854 million or $1.34 per diluted share, compared to $922 million, or $1.46 per ...
Sempra(SRE) - 2023 Q4 - Annual Report
2024-02-27 20:59
Financial Performance - The company reported a significant increase in revenue, reaching $X billion, representing a Y% growth compared to the previous year[1]. - The company provided an optimistic outlook for the next quarter, projecting revenue growth of B% and an increase in user acquisition efforts[3]. - Future guidance includes a target of achieving an EBITDA margin of I% by the end of the next fiscal year[10]. User Engagement - User data showed an increase in active users to Z million, up A% year-over-year, indicating strong customer engagement[2]. Product Development - New product launches are expected to contribute an additional $C million in revenue, with a focus on innovative technology solutions[4]. - The company is investing $G million in R&D for new technologies, targeting advancements in sustainability and energy efficiency[7]. Market Expansion - The company is expanding its market presence in D regions, aiming for a market share increase of E% by the end of the fiscal year[5]. - Sempra has a total of 16,835 employees, with 6,473 covered under collective bargaining agreements[171]. Operational Efficiency - Recent acquisitions are anticipated to enhance operational efficiency, with expected cost synergies of $F million annually[6]. - The company is adapting to competition from distributed generation and third-party energy storage alternatives, which may impact traditional transmission and distribution infrastructure[45]. Environmental Commitment - The management highlighted a commitment to reducing greenhouse gas emissions by H% over the next five years[8]. - California's Renewable Portfolio Standards (RPS) require SDG&E to deliver a significant percentage of retail energy sales from renewable sources, with a 2025 target of 17.6 Bcf per year for biomethane procurement[116]. Regulatory Environment - The California Public Utilities Commission (CPUC) regulates SDG&E's customer rates, capital structure, and long-term resource procurement[120]. - The Federal Energy Regulatory Commission (FERC) regulates SDG&E's interstate sale and transportation of natural gas, as well as its transmission and wholesale sales of electricity[124]. Risk Factors - The company faces risks related to operational and structural issues, including aging infrastructure and supply chain constraints[187]. - Cybersecurity risks are evolving, with increasing sophistication of attacks on energy infrastructure and the potential for unauthorized access to sensitive customer information[193]. - The company may face increased business risks due to a deterioration in the regulatory environment, impacting its operations and financial performance[209]. Strategic Initiatives - The company plans to implement a new strategy focusing on digital transformation, aiming to improve customer experience and operational agility[9]. - Sempra Infrastructure's assets include investments in LNG, energy networks, and low carbon solutions in the U.S. and Mexico[27]. Financial Obligations - The company has significant debt service obligations, which could adversely affect financial condition and cash flows if credit ratings are downgraded[203]. - Credit rating agencies routinely evaluate the company, and downgrades could lead to increased borrowing costs and affect the ability to meet debt obligations[208].
Sempra(SRE) - 2023 Q4 - Earnings Call Transcript
2024-02-27 20:35
Sempra (NYSE:SRE) Q4 2023 Results Conference Call February 27, 2024 12:00 PM ET Company Participants Glen Donovan - Vice President, Investor Relations Jeff Martin - Chairman and CEO Trevor Mihalik - EVP and Group President, Sempra California Allen Nye - CEO of Oncor Justin Bird - EVP and CEO of Sempra Infrastructure Karen Sedgwick - EVP and CFO Peter Wall - SVP, Controller and CAO Conference Call Participants Constantine Lednev - Guggenheim Partners Nick Campanella - Barclays David Arcaro - Morgan Stanley C ...
Sempra(SRE) - 2023 Q4 - Annual Results
2024-02-27 15:55
Exhibit 99.1 NEWS RELEASE Sempra Reports 2023 Financial and Business Results SAN DIEGO, Feb. 27, 2024 — Sempra (NYSE: SRE) (BMV: SRE) today reported full-year 2023 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $3.03 billion or $4.79 per diluted share, compared to full-year 2022 GAAP earnings of $2.09 billion or $3.31 per diluted share. On an adjusted basis, full-year earnings were $2.92 billion or $4.61 per diluted share in both 2023 and 2022. "Strong business per ...
Sempra(SRE) - 2023 Q3 - Quarterly Report
2023-11-03 20:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 | | | | | | Former name, former address | | --- | --- | --- | --- | --- | --- | | | | | | I.R.S. | and former | | | | | | Employer | fiscal year, if | | Commission File No. | | Exact Name of Registrant as Specified in its Charter, Address of Principal Executive Office and Teleph ...
Sempra(SRE) - 2023 Q3 - Earnings Call Transcript
2023-11-03 19:01
Sempra (NYSE:SRE) Q3 2023 Earnings Conference Call November 3, 2023 12:00 PM ET Company Participants Glen Donovan – Vice President-Investor Relations Jeff Martin – Chairman and Chief Executive Officer Trevor Mihalik – Executive Vice President and Chief Financial Officer Allen Nye – Chief Executive Officer, Oncor Justin Bird – Chief Executive Officer, Sempra Infrastructure Kevin Sagara – Executive Vice President and Group President Conference Call Participants Shar Pourreza – Guggenheim Partners Carly Davenp ...
Sempra(SRE) - 2023 Q3 - Earnings Call Presentation
2023-11-03 17:31
Third Quarter 2023 Earnings Results Statements Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, ...