Sempra Energy Reports Q4 2024 EPS of $1.50, Revenue of $3.76B, Net Income $665M, Dividend $0.645, Stock Drops 20%

Sempra Energy reported its fourth-quarter 2024 earnings, posting an adjusted earnings per share (EPS) of $1.50, falling short of the estimated $1.60. The company reported revenue of $3.76 billion, significantly below the expected $4.88 billion. Sempra also provided guidance for 2025 EPS, projecting between $4.30 and $4.70, down from a previous range of $4.90 to $5.25. The company’s net income for the quarter was $665 million, reflecting a 33.5% year-over-year increase driven by strong performance across its growth platforms and higher utility investments. Following the earnings report, Sempra’s stock experienced a pre-market decline of 10.5%, and it has seen a 20% drop amid regulatory concerns. The company’s dividend remains steady at $0.645 per share. In related news, Southwest Gas reported an adjusted EPS of $1.39, beating estimates of $1.23, while sales of $1.27 billion fell short of the $1.35 billion estimate. NRG Energy also released its fourth-quarter results, reporting an adjusted EPS of $1.56 and revenue of $6.86 billion.