Sempra (SRE) Revenue — Quarter Ended Jun 30, 2023
Revenue decreased in the current quarter. The decline was substantial compared to the immediately preceding quarter and modest compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue decreased in the current quarter. The decline was substantial compared to the immediately preceding quarter and modest compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-50.9%
Change from the immediately preceding quarter.
Year-over-year
-4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.1B | +17.3% |
| Dec 31, 2022 | $3.9B | +14.0% |
| Mar 31, 2023 | $5.9B | +59.6% |
| Jun 30, 2023 | $2.9B | -4.6% |
Revenue performance
The company reported lower revenue for the quarter. This marks a reversal from the strong growth seen in the prior quarter.
Quarterly comparison
Revenue fell significantly from the previous quarter, which had been much higher. On a year-over-year basis, the decline was more moderate.
What to watch
The sharp sequential drop in revenue warrants attention given the prior quarter's unusually high level.