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Last10K.com | 10-Q Quarterly Report Thu Aug 03 2023
|Media Contact:||Patricia Kakridas|
|Financial Contact:||Jenell McKay|
Sempra Reports Second-Quarter 2023 Earnings Results
SAN DIEGO, August 3, 2023 — Sempra (NYSE: SRE) (BMV: SRE) today announced second-quarter 2023 earnings of $603 million, or $1.91 per diluted share, compared to second-quarter 2022 earnings of $559 million, or $1.77 per diluted share. On an adjusted basis, the company’s second-quarter 2023 earnings were $594 million, or $1.88 per diluted share, compared to $626 million, or $1.98 per diluted share, in 2022.
“Today, Sempra is continuing its mission to build North America’s premier energy infrastructure company, and we take a lot of pride in our progress,” said Jeffrey W. Martin, chairman and chief executive officer of Sempra. “We have been successful in simplifying our business model and rotating capital into our three growth platforms — Sempra California, Sempra Texas and Sempra Infrastructure. In combination, these actions have contributed to another strong quarter of financial performance, while also positioning us for continued growth and value creation through the end of the decade.”
Sempra's earnings for the first six months of 2023 were $1.572 billion, or $4.97 per diluted share, compared with earnings of $1.171 billion, or $3.70 per diluted share, in the first six months of 2022. Adjusted earnings for the first six months of 2023 were $1.516 billion, or $4.80 per diluted share, compared to $1.550 billion, or $4.90 per diluted share, in the first six months of 2022.
The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings,
The following information was filed by Southern California Gas Co on Thursday, August 3, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Southern California Gas Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:
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