Sempra Posts Lower 2Q Revenue
August 03 2023 - 6:47AM
Dow Jones News
By Will Feuer
Sempra posted a 6% drop in second-quarter revenue as sales
across both its natural gas and electricity utilities declined.
The energy-infrastructure company posted a second-quarter profit
of $603 million, or $1.91 a share, compared with earnings of $559
million, or $1.77 a share, in the same period a year ago.
Stripping out one-off items, adjusted earnings came to $1.88 a
share. Analysts polled by FactSet were expecting adjusted earnings
of $1.74 a share
Revenue fell to $3.34 billion from $3.55 billion. Analysts were
expecting $3.54 billion, according to FactSet.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
August 03, 2023 07:32 ET (11:32 GMT)
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