Sempra Energy (SRE) Tops Q1 EPS by 12c; Affirms Outlook
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ONCOR REPORTS SOLID FIRST QUARTER 2022 RESULTS
May 5, 2022 7:05 AM EDTContinues to Grow Service TerritoryMaintains Ample LiquidityRate Case Update
DALLAS, May 5, 2022 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended March 31, 2022 net income of $194 million compared to net income of $168 million in the three months ended March 31, 2021. Oncor's $26 million quarter-over-quarter net income improvement was driven by increases in revenues from updates to base transmission and distribution rates to reflect increases in invested capital, higher customer consumption and customer growth, partially offset by increases in costs associated with additional investments (primarily depreciation, property taxes and borrowing costs) and increases in... More
Sempra Reports First-Quarter 2022 Earnings Results
May 5, 2022 6:55 AM EDTSAN DIEGO, May 5, 2022 /PRNewswire/ --Â Sempra (NYSE: SRE) (BMV: SRE) today announced first-quarter 2022 earnings of $612 million, or $1.93 per diluted share, compared to first-quarter 2021 earnings of $874 million, or $2.87 per diluted share. On an adjusted basis, the company's first-quarter 2022 earnings were $924 million, or $2.91 per diluted share, compared to $900 million, or $2.95 per diluted share, in 2021.Â
"At Sempra, we understand the importance of energy security as a critical part of the transition to a lower-carbon future. That is why our investments in North American energy networks... More
