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Sempra Q2 Earnings Miss Estimates, Revenues Decline Y/Y

Sempra Energy (NYSE: SRE) reported second-quarter 2024 adjusted earnings per share of 89 cents, which missed the Zacks Consensus Estimate of 92 cents by 3.3%. The figure also declined 5.3% from earnings of 94 cents per share in the prior-year quarter. Including one-time items, the company generated GAAP earnings of $1.12 per share compared with 95 cents in the second quarter of 2023. Total Revenues Sempra's total revenues of $3.01 billion declined 9.79% from $3.34 billion in the year-ago quarter. This was due to lower revenue contributions from the Natural gas and Energy-related business units. The top line also missed the Zacks Consensus Estimate of $3.52 billion by 14.5%. Sempra Energy Price, Consensus and EPS Surprise Sempra Energy price-consensus-eps-surprise-chart | Sempra Energy Quote Segmental Update Sempra California: Quarterly earnings amounted to $316 million compared with the year-ago quarter's level of $339 million. Sempra Texas Utility: Earnings in this segment improved from $160 million in ...