Sempra: Fourth Quarter Earnings Overview

Sempra Announces Fourth-Quarter Financial Results

Sempra, headquartered in San Diego, revealed on Thursday that its net income for the fourth quarter reached $352 million.

The company reported earnings of $0.54 per share for the quarter, with adjusted earnings—excluding one-time expenses—coming in at $1.28 per share.

These results surpassed analysts’ expectations, as three experts surveyed by Zacks Investment Research had forecasted earnings of $1.13 per share.

During the quarter, Sempra, which supplies natural gas and electricity, generated $3.75 billion in revenue.

For the entire year, Sempra posted a profit of $1.8 billion, or $2.75 per share, with total revenue amounting to $13.7 billion.

Looking ahead, the company anticipates its full-year earnings to fall between $4.80 and $5.30 per share.

This article was produced by Automated Insights using information provided by Zacks Investment Research.