Sempra
Company Name | Sempra |
Stock Symbol | SRE |
On February 25, 2025, before the market opened, Sempra released its fourth quarter and full year 2024 financial results, reporting $3.76 billion in annual revenue, which missed consensus estimates by $970 million. The Company also lowered its 2025 earnings guidance to $4.50 per share at the midpoint, compared to the previous outlook of $5.00 per share at the midpoint. The Company blamed the disappointing results on, among other things, “higher interest and operating expenses and lower consumption primarily due to mild weather.”
On this news, Sempra’s stock price fell $16.54, or 19%, to close at $70.64 per share on February 25, 2025, thereby injuring investors.
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