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Sempra Energy (SRE)
NYSE:SRE
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.6Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -16.44%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed outlook. While Sempra announced strong long-term growth expectations and a substantial capital investment plan, near-term challenges such as lowered 2025 EPS guidance, regulatory hurdles, and project delays were highlighted. Despite these challenges, the focus on strategic investments and growth opportunities, particularly in Texas, suggests a positive long-term trajectory.Company Guidance
In Sempra's fourth quarter 2024 earnings call, the company provided a detailed financial overview, highlighting an adjusted EPS of $4.65, slightly below the midpoint of their guidance range. For 2025, the EPS guidance was adjusted to $4.30 to $4.70, reflecting factors such as California rate case decisions and updates in interest rates, commodity prices, and O&M costs. Oncor, a critical growth driver, is preparing for a base rate review to support Texas's rapid economic expansion, which saw over half a million new residents. The company announced a five-year capital plan of $56 billion, with a significant portion allocated to Oncor, anticipating a 7% to 9% long-term EPS growth rate. Additionally, Sempra's board approved an annualized dividend increase to $2.58 per share. Looking ahead, Sempra set a 2026 EPS guidance range of $4.80 to $5.30, driven by capital investments and infrastructure projects, targeting a compound annual rate-based growth of 10%.EPS Growth Forecast Increase
Sempra has raised its projected long-term EPS growth rate to 7% to 9%, with expectations to achieve 9% or higher growth between 2025 and 2029.
Record Capital Plan
Sempra announced a new record capital plan of $56 billion for 2025-2029, representing a 16% increase over the prior plan, with a significant focus on investments in Texas.
Dividend Increase
Sempra's board of directors approved an increase in the company's annualized dividend for the fifteenth consecutive year to $2.58 per share.
Oncor's Strong Growth
Oncor reported a record $4.7 billion capital deployment and a 15% rate base growth. The company is preparing for a comprehensive base rate review, expected to strengthen its financial position.
Sempra Infrastructure Progress
Significant progress on dual-basin LNG strategy, with ECA LNG Phase 1 and Port Arthur LNG Phase 1 on budget and on schedule, and Port Arthur LNG Phase 2 targeting FID in 2025.
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SRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $87.18 | $70.64 | -18.97% |
| Nov 06, 2024 | $81.69 | $87.66 | +7.31% |
| Aug 06, 2024 | $77.58 | $75.96 | -2.09% |
| May 07, 2024 | $71.09 | $72.34 | +1.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sempra Energy (SRE) report earnings?
Sempra Energy (SRE) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Sempra Energy (SRE) earnings time?
Sempra Energy (SRE) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SRE EPS forecast?
SRE EPS forecast for the fiscal quarter 2024 (Q4) is 1.6.
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