Why did SRE's Q4 earnings fall short of forecasts?

Sempra Energy's (SRE) Q4 earnings fell short of forecasts due to several factors:

1. **Revenue Shortfall**: Sempra's revenues were lower than expected, primarily due to reduced revenues from its Texas Utilities segment. This shortfall was likely a result of decreased demand or pricing pressures in the energy market.
2. **Cost Management**: The company's cost of sales and operation and maintenance expenses were higher than anticipated, which adversely affected the net income. This could be attributed to increased operational costs or inefficiencies in managing resources.
3. **Regulatory Challenges**: Sempra faces regulatory hurdles, which can impact its profitability. The fluctuating costs of natural gas and electricity also pose market risks to profitability. These factors can lead to uncertainty in revenue and earnings.

In summary, Sempra's Q4 earnings fell short due to a combination of lower revenues and higher operational costs, influenced by regulatory challenges and market risks.

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SRE|SRE.N|Sempra|2024 Q1|-24.829351535836178|8.81E8|169|
|SRE|SRE.N|Sempra|2024 Q2|18.342391304347828|8.71E8|169|
|SRE|SRE.N|Sempra|2024 Q3|-11.124121779859484|7.59E8|169|
|SRE|SRE.N|Sempra|2024 Q4|15.537383177570094|9.89E8|169|