Sempra (SRE) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to the prior quarter but fell sharply from the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to the prior quarter but fell sharply from the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+16.5%
Change from the immediately preceding quarter.
Year-over-year
-37.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.7B
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 |
|---|---|---|
| Jun 30, 2023 | $2.9B | -4.6% |
| Sep 30, 2023 | $2.9B | -6.8% |
| Dec 31, 2023 | $3.2B | -18.5% |
| Mar 31, 2024 | $3.7B | -37.2% |
Revenue performance
The quarter's revenue was higher than the immediately preceding quarter, reversing a pattern of sequential declines seen in earlier periods.
Quarterly comparison
Relative to the same quarter one year earlier, revenue was substantially lower.
What to watch
The year-over-year decline remains a notable contrast to the sequential improvement.