(Sempra, 6.Nov.2024) — Sempra reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638mn, or $1 per diluted share, compared to third-quarter 2023 GAAP earnings of $721mn, or $1.14 per diluted share. On an adjusted basis, the company’s third-quarter 2024 earnings were $566mn, or $0.89 per diluted share, compared to $685mn, or $1.08 per diluted share in third-quarter 2023.
“We are pleased with our operational and financial results for the third quarter,” said Jeffrey W. Martin, chairman and CEO of Sempra. “We remain focused on executing our business plan, improving safety and operations, and delivering more affordable services to our customers.”
Sempra’s GAAP earnings for the first nine months of 2024 were $2.152 bn, or $3.38 per diluted share, compared with GAAP earnings of $2.293bn, or $3.63 per diluted share, in the first nine months of 2023. Adjusted earnings for the first nine months of 2024 were $1.987bn, or $3.12 per diluted share, compared to $2.201bn, or $3.48 per diluted share, in the first nine months of 2023. The results for the first nine months of this year do not reflect the impact of the Sempra California general rate case decision that is pending at the California Public Utilities Commission (CPUC).
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