Sempra Energy’s SRE second-quarter 2022 adjusted earnings per share (EPS) came in at $1.98, which beat the Zacks Consensus Estimate of $1.82 by 8.8%. The bottom line also increased by 21.5% from $1.63 in the prior-year quarter.Barring one-time items, the company generated GAAP earnings of $1.77 per share compared with $1.37 in the second quarter of 2021.Total RevenuesIn the quarter under review, Sempra’s total revenues of $3,547 million increased 29.4% year over year on higher contributions from the Natural Gas business (up 33.3%) and Electric businesses (up 2.9%). Moreover, the top line exceeded the Zacks Consensus Estimate of $3,006.9 million by 17.9%.Sempra Energy Price, Consensus and EPS Surprise Sempra Energy price-consensus-eps-surprise-chart | Sempra Energy QuoteSegment UpdateSan Diego Gas & Electric(SDG&E): Quarterly earnings amounted to $176 million compared with the year-ago quarter’s $186 million.Southern California Gas Company(SoCalGas): The segment’s earnings came in at $87 million in the second quarter of 2022 compared with the $94 million reported in the prior-year quarter.Sempra Texas Utility: Earnings in this segment came in at $186 million in the reported quarter compared with $138 million in the year-ago quarter.Sempra Infrastructure: The segment recorded earnings of $183 million compared with $53 million in the year-ago quarter.Parent and Other: The quarterly loss in this division increased to $73 million from the year-ago quarter’s loss of $47 million.Financial UpdateAs of Jun 30, 2022, Sempra Energy’s cash and cash equivalents totaled $1,931 million compared with $559 million as of Dec 31, 2021.The long-term debt and finance leases amounted to $24,661 million as of Jun 30, 2022 compared with $21,068 million at the 2021-end.Cash flow from operating activities was $2,364 million during the six months ended Jun 30, 2022, up from $2,255 million in the year-ago period.2022 GuidanceSempra Energy tweaked its adjusted EPS guidance for 2022. The company now expects to generate earnings to the high end of its earlier reported guidance range of $8.10-$8.70 per share. The Zacks Consensus Estimate for full-year earnings stands at $8.55 per share.The company however reiterated its 2023 EPS guidance. SRE continues to expect adjusted earnings in the range of $8.60-$9.20 per share for 2023. The Zacks Consensus Estimate for 2023 earnings stands at $8.95 per share, higher than the midpoint of the company’s guided range.Zacks RankSempra Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Utility ReleasesCenterPoint Energy, Inc. CNP reported second-quarter 2022 adjusted earnings of 31 cents per share, which beat the Zacks Consensus Estimate of 28 cents per share by 10.7%.In the second quarter of 2022, CNP generated revenues worth $1,944 million, up 11.6% from the year-ago figure. CenterPoint Energy expects to generate adjusted EPS in the range of $1.37-$1.39.Entergy Corporation ETR reported second-quarter 2022 adjusted earnings of $1.78 per share, which surpassed the Zacks Consensus Estimate of $1.42 by 25.4%. The reported figure also increased 32.8% from $1.34 per share in the year-ago quarter.Entergy’s second-quarter revenues of $3,395.2 million exceeded the Zacks Consensus Estimate of $2,878.6 million by 17.9%. ETR expects to generate adjusted earnings in the range of $6.15-$6.45.CMS Energy Corporation CMS reported second-quarter 2022 adjusted EPS of 53 cents, which beat the Zacks Consensus Estimate of 44 cents by 20.5%. However, the reported figure declined 3.6% on a year-over-year basis.CMS Energy had cash and cash equivalents of $77 million as of Jun 30, 2022, down from $452 million at the end of 2021. CMS expects its 2022 adjusted earnings guidance in the range of $2.85-$2.89 per share. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sempra Energy (SRE): Free Stock Analysis Report Entergy Corporation (ETR): Free Stock Analysis Report CMS Energy Corporation (CMS): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report To read this article on Zacks.com click here.