Utilities
Utilities - Diversified
$53.90B
16.8K
Key insights and themes extracted from this filing
Sempra's total revenues decreased from $6.56 billion to $3.64 billion year-over-year, primarily due to a significant decrease in natural gas revenues at Sempra California. This was driven by lower average natural gas prices and lower volumes.
Sempra's net income decreased from $1.17 billion to $881 million year-over-year, reflecting the impact of lower revenues, higher interest expense, and lower income tax benefits. This was partially offset by higher equity earnings.
Basic earnings per share decreased from $1.54 to $1.27 year-over-year, reflecting the decrease in net income attributable to common shareholders.