Sempra Energy Reports Second-Quarter Earnings
Sempra Energy has announced its second-quarter earnings, reporting a decrease in profit compared to the same period last year. The company’s earnings came in at $461 million, down from $713 million in the same quarter last year.
Earnings Comparison
- Earnings: $461 million (Q2 2023)
- Earnings (Q2 2022): $713 million
- Adjusted Earnings (Q2 2023): $583 million
Strategic Initiatives
Sempra Energy made progress on its strategic initiatives, including a potential equity sale at Sempra Infrastructure to KKR. This development is part of the company’s ongoing efforts to improve its operations and enhance shareholder value.
Stock Price Impact
The news has had a mixed impact on the company’s stock price, with some investors potentially looking to sell their shares after the disappointing earnings report. However, the company’s efforts to improve its operations and strategic initiatives may have a positive impact on its stock price in the long term.