SEMPRA Reports 6% Lower Revenue for Quarter Ending June 30 2023
August 28, 2023
🌧️Earnings Overview
For the quarter ending June 30 2023, SEMPRA ($NYSE:SRE) reported total revenue of USD 3335.0 million, a 6.0% decrease compared to the same quarter in the prior year. However, net income was USD 615.0 million, a 7.7% growth year-on-year. The earnings results were released on August 3 2023.
Analysis
GoodWhale has conducted an analysis of SEMPRA‘s fundamentals and have identified it as a medium risk investment. This assessment takes into account both financial and business aspects. While GoodWhale has not found any major issues, there is one risk warning which has been identified in SEMPRA’s income sheet. If you would like to know more about this risk warning, then you must become a registered user of GoodWhale. Once an account is created, GoodWhale will provide detailed information regarding this risk warning and any other information that may be relevant to your investment in SEMPRA. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sempra. SEMPRA_Reports_6_Lower_Revenue_for_Quarter_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 16.97k | 2.5k | 14.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sempra. SEMPRA_Reports_6_Lower_Revenue_for_Quarter_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| 2.52k | -6.92k | 3.55k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sempra. SEMPRA_Reports_6_Lower_Revenue_for_Quarter_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 82.73k | 51.71k | 88.43 |
Key Ratios Snapshot
Some of the financial key ratios for Sempra are shown below. SEMPRA_Reports_6_Lower_Revenue_for_Quarter_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | 2.9% | 20.0% |
| FCF Margin | ROE | ROA |
| -28.1% | 7.6% | 2.6% |
Peers
Sempra Energy is a Fortune 500 energy services holding company based in San Diego, California. The Sempra Energy companies’ 15,000 employees serve approximately 32 million consumers worldwide. Sempra Energy’s utilities, San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas), are regulated by the California Public Utilities Commission. Sempra Energy’s other businesses include Sempra Commodities, Sempra Generation and Sempra LNG.
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Atmos Energy Corporation is an American natural gas and electricity company headquartered in Dallas, Texas. The company’s operations include natural gas production, transmission and distribution, as well as electricity generation and distribution. As of December 31, 2020, Atmos Energy Corporation operated in 11 states and served approximately 3.6 million natural gas and electricity customers.
Atmos Energy Corporation’s market capitalization is $14.27 billion as of 2022. The company’s return on equity is 6.28%.
Atmos Energy Corporation is one of the largest natural gas and electricity companies in the United States. The company is headquartered in Dallas, Texas and operates in 11 states. As of December 31, 2020, Atmos Energy Corporation served approximately 3.6 million natural gas and electricity customers.
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Alliant Energy Corp is a utility company that generates and distributes electric and natural gas services to customers in the Midwest region of the United States. As of 2022, the company had a market capitalization of $12.63 billion and a return on equity of 9.62%. Alliant Energy Corp is headquartered in Madison, Wisconsin.
Summary
SEMPRA is a leading energy company that has seen a mixed financial quarter ending June 30 2023. Total revenue was reported at USD 3335.0 million, a 6.0% YoY decrease, while net income increased by 7.7%, to USD 615.0 million. This indicates that SEMPRA has been able to remain profitable despite the revenue decline. Investors may want to look into the company’s other financials, as well as its future plans, to make a more informed decision on whether or not to invest in SEMPRA.
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