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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Sempra | NYSE:SRE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.07% | 72.92 | 73.425 | 72.36 | 73.35 | 3,451,911 | 01:00:00 |
From May 2023 to May 2024
By Jeffrey T. Lewis
Sempra's profit rose in the third quarter despite a decline in revenue after natural gas and other costs fell from a year earlier.
The San Diego-based electric and gas company reported net income of $721 million, compared with income of $485 million a year earlier. Earnings per share reached $1.14 from 77 cents and adjusted earnings per share rose to $1.08 from 98 cents.
The numbers for sales came in below market expectations, while profit outperformed. The consensus compiled by FactSet was for revenue of $3.68 billion and for net income of $637 million.
Total revenue fell to $3.33 billion from $3.62 billion. The company's cost for natural gas fell to $260 million in the quarter from $505 million a year earlier, while the cost of electric fuel and purchased power declined to $183 million from $307 million.
Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com
(END) Dow Jones Newswires
November 03, 2023 07:52 ET (11:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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