The company said Sempra Infrastructure's Q3 earnings rose $7 million (3%) to $230 million, and its earnings for the 9 months fell $94 million (13%) to $652 million.

1. 01

   The company said Sempra Infrastructure's Q3 earnings rose $7 million (3%) to $230 million, and its earnings for the 9 months fell $94 million (13%) to $652 million.

2. 02

   The company said Sempra California's earnings for Q3 fell $43 million (15%) to $247 million. It cited $38 million lower income tax benefits as the main factor, partly offset by $5 million higher CPUC base operating margin, net of operating expenses.

3. 03

   The company said Sempra Texas Utilities' earnings for Q3 fell $44 million (14%) to $261 million. Its earnings for the 9 months rose $98 million (18%) to $646 million, and it said equity earnings from Oncor Holdings were the main driver in both periods.

4. 04

   The company said it expects Oncor's capital expenditure plan for 2025 through 2029, covering 5 years, could be 40% to 50% higher than the 2024–2028 plan announced previously. It said Sempra's 2025–2029 capital expenditure and investment plans could also increase in that case.

Key figures

Quarter ended September 30, 2024

Revenue

$2.6B

Net income

$649M

EPS

$1.00

Analysis 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.

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

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