Sempra (SRE)
After hours:
- Reuters
UPDATE 1-US electric utility Sempra's profit falls 17% in first quarter
Sempra Energy posted a 17% drop in first-quarter profit on Tuesday as it logged sharply lower revenue from its natural gas operations, although increases in its Texas power business helped cushion the fall. Sempra, which supplies electricity and natural gas to nearly 40 million customers in parts of California, Texas and Mexico, said revenue from its natural gas utilities fell more than 50% from a year earlier to $2.11 billion. Profit at the company's California utility dropped 5.8%, while its electric sales fell to 935 million kilowatt hours (kWh) from 1.6 billion kWh a year ago.
- GuruFocus.com
Sempra (SRE) Q1 2024 Earnings: Aligns with Analyst EPS Projections Amidst Strategic Expansion
Key Financials and Strategic Developments in Focus
- Zacks
Sempra (SRE) Q1 Earnings Miss Estimates, Revenues Decline Y/Y
Sempra's (SRE) Q1 total revenues of $3.64 billion decline 44.5% from the year-ago quarter's level. The top line also misses the Zacks Consensus Estimate by 41%.
