The following is a summary of the Sempra (SRE) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Sempra reported Q1 2024 adjusted EPS of $1.34, affirming a full-year adjusted EPS guidance range of $4.60 to $4.90 for 2024 and $4.90 to $5.25 for 2025.

• The expectations reflect approximately 7% annual growth, aligning with the company's long-term EPS growth expectations of 6% to 8%.

Business Progress:

• Sempra is positioned to benefit from the shift towards electrification, reshoring, artificial intelligence, and data centers, with strong market potential to benefit from US energy demand.

• With a $24.2 billion capital plan, Sempra is set to expand its distribution and transmission sectors while maintaining its components and updating its technology.

• Sempra has proposed a systematic resiliency plan with robust investments aiming to improve reliability and mitigate risks.

• With ongoing LNG development projects, Sempra is strategically targeting the Asian market to facilitate growth.

• Sempra has established stability in Mexico, while also working on infrastructure investments such as Cimarron.

• Despite supply chain and labor disruptions, strong commercial interest in Sempra's LNG projects continues.

• Sempra keeps a vigilant eye on its supply chain to ensure its capital plan's successful execution, centered on growth and wildfire risk mitigation to benefit its long-term customers.

More details: Sempra Energy IR

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