Sempra Energy’s Strategic Growth and Financial Outlook

Sempra Energy ( (SRE) ) has released its Q4 earnings. Here is a breakdown of the information Sempra Energy presented to its investors.

Sempra is a leading North American energy infrastructure company that delivers energy to nearly 40 million consumers across significant economic markets, including California, Texas, and Mexico. The company is recognized for its sustainable business practices and operational excellence.

Sempra’s 2024 earnings report highlights a strategic shift with a new five-year capital plan of $56 billion, focusing on expanding and modernizing the energy grid, particularly in Texas. The company reported full-year 2024 GAAP earnings of $2.82 billion, a decrease from $3.03 billion in 2023, while adjusted earnings showed a slight increase to $2.97 billion from $2.92 billion the previous year.

Key financial metrics include a revised 2025 EPS guidance of $4.30 to $4.70 and a 2026 EPS guidance of $4.80 to $5.30, reflecting a projected long-term EPS growth rate increase to 7% to 9%. Sempra’s capital plan emphasizes significant investments in Texas, with Oncor Electric Delivery Company leading a $36 billion growth campaign to enhance the energy infrastructure.

Sempra’s infrastructure segment made notable progress with projects like Cameron LNG Phase 1 and the Port Arthur LNG Phase 1, while the company targets a 2025 final investment decision for Port Arthur LNG Phase 2. The company’s strategic focus on innovation and technology aims to improve safety, service quality, and affordability for its customers.

Looking ahead, Sempra’s management remains optimistic about future growth opportunities, driven by its robust capital plan and strategic investments in core markets. The company is poised to meet the evolving energy needs of its customers while maintaining a strong focus on operational excellence and sustainability.