In Q4 2023, Sempra realigned its reportable segments to reflect changes in how the CODM oversees its three platforms: Sempra California, Sempra Texas Utilities and Sempra Infrastructure, combining SDG&E and SoCalGas into Sempra California.

Sempra continues to invest in, develop and operate energy infrastructure in North America, and provide electric and gas services to customers, with a focus on enabling the energy transition.

Sempra is progressing with the development of its LNG projects, including Cameron LNG Phase 2 and Port Arthur LNG Phase 1, with ongoing construction and permitting activities.

Sempra has shown improvements in operational efficiency, as evidenced by the decrease in operating expenses despite the revenue decline.

Sempra is strategically allocating capital to its core businesses and growth projects, while maintaining a strong balance sheet, as evidenced by the increase in net income and earnings per share.

Sempra is actively managing its regulatory relationships, as evidenced by its ongoing engagement with the CPUC and other regulatory bodies.

Sempra is exposed to macroeconomic trends and capital market volatility that could change its capital expenditure plans and its ability to raise capital on favorable terms.

Sempra faces regulatory risks in California and Mexico, including potential liability for damages from wildfires and the failure to honor contracts and commitments by regulatory bodies.

Sempra is exposed to cybersecurity threats, including ransomware attacks, that could disrupt its operations, damage its facilities or systems, and cause the release of harmful materials.

Sempra's utilities, SDG&E and SoCalGas, maintain a strong position in the California utilities market, with a focus on providing reliable and affordable energy to customers.

Sempra is expanding its presence in North American energy infrastructure through its investments in LNG, natural gas pipelines and storage, and power generation.

Sempra faces competitive pressures in the energy market, including competition from other energy providers and the development of new technologies.

Operation and maintenance expenses decreased to $1.333 billion in Q2 2024 from $1.366 billion in Q2 2023, indicating improved operational efficiency.

Sempra continues to focus on cost optimization initiatives across its businesses, as evidenced by the decrease in operating expenses.

Sempra is actively managing its supply chain to mitigate potential disruptions and ensure the reliable delivery of energy to its customers.

Sempra is investing in renewable energy projects, including wind and solar, to support the transition to a cleaner energy future.

Sempra is focused on digital transformation initiatives to improve operational efficiency and enhance customer experience.

Sempra is exploring new technologies, including carbon capture and sequestration, to reduce greenhouse gas emissions and support its sustainability goals.

Sempra is making strategic capital investments in its core businesses and growth projects, including LNG, natural gas pipelines and storage, and renewable energy.

Sempra is focused on delivering value to shareholders through dividends and strategic capital investments that drive long-term growth.

Sempra is managing its capital structure prudently, as evidenced by its focus on maintaining investment-grade credit ratings and access to capital markets.

Sempra is committed to environmental sustainability, as evidenced by its investments in renewable energy projects and its efforts to reduce greenhouse gas emissions.

Sempra is focused on social responsibility, as evidenced by its commitment to providing safe and reliable energy to its customers and its support for local communities.

Sempra is committed to strong corporate governance practices, as evidenced by its board oversight and its compliance with regulatory requirements.

Sempra is exposed to volatility in commodity prices, particularly natural gas and electricity, which could impact its revenues and earnings.

Sempra's performance is influenced by macroeconomic conditions, including inflation, interest rates and economic growth, which could affect its capital expenditure plans and its ability to raise capital.

Sempra is exposed to geopolitical risks, including international trade and political instability, which could affect its operations and investments in Mexico and other countries.