Sempra (SRE) Revenue — Quarter Ended Jun 30, 2024
Revenue for the reported quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend seen in recent periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the reported quarter declined compared with both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend seen in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
-32.8%
Change from the immediately preceding quarter.
Year-over-year
-14.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
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, 2023 | $2.9B | -6.8% |
| Dec 31, 2023 | $3.2B | -18.5% |
| Mar 31, 2024 | $3.7B | -37.2% |
| Jun 30, 2024 | $2.5B | -14.1% |
Revenue performance
Revenue in the reported quarter was lower than in the prior quarter, marking a sequential decline. The company's trailing twelve-month revenue also remained below the peak levels of earlier quarters.
Quarterly comparison
Compared with the same quarter one year ago, revenue was also lower, showing a year-over-year decrease. The sequential decline was more pronounced than the annual decline.
What to watch
The continued year-over-year revenue decline warrants monitoring for any further deterioration in the coming quarters.