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![SEMPRA [SRE] reports annual net loss of $3.6 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSRE.png&w=1200&q=75)
SEMPRA [SRE] has reported a net loss of $3.6 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $16.7 billion
Based in SAN DIEGO, California, SEMPRA operates in the TRANSPORT sector.
In the annual report for the year ending December 31, 2023, the company's operating revenues showed significant growth compared to the previous year. Total revenues for the current period reached $16.72 million, a notable increase from $14.44 million in the prior year.
Cost of goods sold or operating income also saw changes over the years. Operating expenses for natural gas were $3.72 million in 2023, compared to $2.60 million in 2022. Similarly, the cost of electric fuel and purchased power decreased from $0.94 million in 2022 to $0.38 million in 2023. The energy-related businesses' cost of sales also decreased from $0.94 million in 2022 to $0.55 million in 2023.
Net income for the current reporting period stood at $3.62 million, a substantial improvement from $2.29 million in the previous year. This growth in net income reflects the company's strong performance and effective cost management strategies.
Earnings per share (EPS) for basic and diluted amounts also witnessed a positive trend. Basic EPS for the current period was $4.81, compared to $3.32 in the prior year. Similarly, diluted EPS increased to $4.79 from $3.31. These changes indicate increased profitability on a per-share basis, benefiting the company's shareholders.
Overall, the company's financial performance for the year ending December 31, 2023, demonstrates growth in revenues, profitability, and earnings per share compared to the previous year, indicating a positive outlook for the future.
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