AI English summary of an SEC filing — figures as filed
Sempra SREThe company said Sempra California's earnings for the quarter ended June 30, 2024 decreased $23 million (7%) to $316 million, and for the 6-month period to date decreased $59 million (6%) to $898 million. It cited $37 million lower income tax benefits as the factor for the quarter.
Key points
AI summaryThe company said Sempra California's earnings for the quarter ended June 30, 2024 decreased $23 million (7%) to $316 million, and for the 6-month period to date decreased $59 million (6%) to $898 million. It cited $37 million lower income tax benefits as the factor for the quarter.
Sempra Infrastructure's earnings rose $83 million (40%) to $291 million in the quarter, while for the 6-month period they fell $101 million (19%) to $422 million, the company said. It added that the quarter reflected a foreign currency and inflation effect of $247 million in Mexico.
Sempra Texas Utilities' earnings increased $42 million (26%) to $202 million in the quarter and $142 million to $385 million for the 6-month period, the company said. It cited higher equity earnings from Oncor Holdings as the factor.
Sempra Infrastructure entered into an EPC contract with Bechtel worth $8.2 billion for the proposed PA LNG Phase 2 project in July 2024, the company said. It said it has no obligation to proceed with the contract and plans to fully release Bechtel to perform all of the construction work only after a final investment decision and the satisfaction of certain other conditions.
Key figures
Quarter ended June 30, 2024
- Revenue
- $2.5B
- Net income
- $725M
- EPS
- $1.12
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Sempra California Quarterly and Six-Month Earnings Decline
The company said Sempra California's earnings for the quarter ended June 30, 2024 decreased $23 million (7%) to $316 million, and for the 6-month period to date decreased $59 million (6%) to $898 million. It cited $37 million lower income tax benefits as the factor for the quarter.
Source · Based on the MD&A text of the filing
Sempra Infrastructure earnings up for the quarter, down for the half
Sempra Infrastructure's earnings rose $83 million (40%) to $291 million in the quarter, while for the 6-month period they fell $101 million (19%) to $422 million, the company said. It added that the quarter reflected a foreign currency and inflation effect of $247 million in Mexico.
Source · Based on the MD&A text of the filing
Sempra Texas Utilities Earnings Rise
Sempra Texas Utilities' earnings increased $42 million (26%) to $202 million in the quarter and $142 million to $385 million for the 6-month period, the company said. It cited higher equity earnings from Oncor Holdings as the factor.
Source · Based on the MD&A text of the filing
PA LNG Phase 2 Bechtel EPC Contract
Sempra Infrastructure entered into an EPC contract with Bechtel worth $8.2 billion for the proposed PA LNG Phase 2 project in July 2024, the company said. It said it has no obligation to proceed with the contract and plans to fully release Bechtel to perform all of the construction work only after a final investment decision and the satisfaction of certain other conditions.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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