Sempra

SRE Utilities Utilities Diversified

Sempra’s revenue for fiscal 2025 (year ended December 2025) was $13.7 billion, up 3.92% from fiscal 2024.

Revenue
+1.27%
EPS
+1,016.7%
Free cash flow
+25.8%
Total debt
+14.6%

Quarter to September 2026, against a year earlier

78.70 1.13 −1.42%
Market cap
$52.2B
P/E
17.1×
Fwd P/E
16.4×
Dividend yield
3.27%
F-score
5/9
Altman Z
1.03
Beneish M
−2.87
Dividend safety
17/100

Sempra 10-Q filed Nov 5, 2025

Fiscal Q3 2025 · Period ended Sep 30, 2025 · Filed · accepted 4:10 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 7, 2025: 127 added · 80 removed · 143 modified; 98 with only figures updated; 15 moved without change

  1. Modified · RESULTS OF OPERATIONS BY REGISTRANT

    Due to the delay in the issuance of the CPUC’s FD in the SDG&E and SoCalGas 2024 GRC, Sempra California recorded revenues in the first three quarters of 2024 based on levels authorized for 2023 under the 2019 GRC. In December 2024, the CPUC approved an FD in the 2024 GRC, effective retroactive to January 1, 2024, for which Sempra California recorded the retroactive impacts in the fourth quarter of 2024. Sempra California’s authorized base revenues in the first halfthree quarters of 2025 are based on the revenues authorized for the 2024 test year plus the amount authorized for attrition for 2025. We provide additional information on the 2024 GRC FD in Note 4 of the Notes to Condensed Consolidated Financial Statements in this report and in Note 4 of the Notes to Consolidated Financial Statements in the Annual Report.