(Sempra, 6.Aug.2024) — Sempra today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713mn, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603mn, or $0.95 per diluted share. On an adjusted basis, the company’s second-quarter 2024 earnings were $567mn, or $0.89per diluted share, compared to $594mn, or $0.94 per diluted share in second-quarter 2023.
“At Sempra, we are pleased with the strength of our financial performance through the first half of the year,” said Jeffrey W. Martin, chairman and CEO of Sempra. “Our company is well-positioned for continued growth across each of our business platforms, which are benefitting from ongoing electrification, economic development, and demand for safe, reliable and cleaner energy.”
Sempra’s GAAP earnings for the first six months of 2024 were $1.514bn, or $2.38 per diluted share, compared with GAAP earnings of $1.572bn, or $2.49 per diluted share, in the first six months of 2023. Adjusted earnings for the first six months of 2024 were $1.421bn, or $2.24 per diluted share, compared to $1.516bn, or $2.40 per diluted share, in the first six months of 2023.
The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the second quarter and first six months of 2024 and 2023.
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