Friday 6 November 2026 Export SRE’s income statement to Excel — free account

Sempra

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

80.14 2.76 −3.33%

Follow SRE

Alert me

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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Sempra (SRE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2017: revenue by segment, and margins
Sdge	4,476	46.43%
So Cal Gas	3,785	39.26%
Sempra Mexico	1,196	12.41%
Sempra LNG & Midstream	540	5.60%
Sempra Renewables	94	0.98%
Gross margin		71.22%
Operating margin		21.23%
Pre-tax margin		12.95%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Gas	7,965 64.14%	7,308 61.84%	9,687 65.24%	8,525 62.13%	6,969 59.69%	5,796 56.22%	5,596 55.18%	4,800 50.81%
Electric	4,453 35.86%	4,510 38.16%	5,161 34.76%	5,197 37.87%	4,707 40.31%	4,514 43.78%	4,545 44.82%	4,647 49.19%
Also reported: a second breakdown of the same revenue
Utilities	11,507 92.66%	11,063 93.61%	13,754 92.63%	12,018 87.58%	10,540 90.27%	9,455 91.71%	9,184 90.56%	8,374 88.64%
Energy-related businesses	911 7.34%	755 6.39%	1,094 7.37%	1,704 12.42%	1,136 9.73%	855 8.29%	957 9.44%	1,073 11.36%
Revenue	12,418	11,818	14,848	13,722	11,676	10,310	10,141	9,447

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Natural gas	‡	‡	‡	‡	‡	‡	‡	‡
Electric fuel and purchased power	‡	‡	‡	‡	‡	‡	‡	‡
Energy-related businesses cost of sales	‡	‡	‡	‡	‡	‡	‡	‡
Energy-related businesses	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Sempra California	11,454 92.24%	11,008 93.15%	13,686 92.17%	11,944 87.04%	10,475 89.71%	—	—	—	—	—	—
Sempra Infrastructure	1,052 8.47%	896 7.58%	1,251 8.43%	1,849 13.47%	1,246 10.67%	—	—	—	—	—	—
Sdge	—	—	—	—	—	4,476 46.43%	4,253 41.77%	4,219 41.24%	4,329 39.23%	4,066 38.51%	3,694 38.29%
So Cal Gas	—	—	—	—	—	3,785 39.26%	3,471 34.09%	3,489 34.10%	3,855 34.93%	3,736 35.39%	3,282 34.02%
Sempra Mexico	—	—	—	—	—	1,196 12.41%	725 7.12%	669 6.54%	818 7.41%	675 6.39%	605 6.27%
Sempra LNG & Midstream	—	—	—	—	—	540 5.60%	508 4.99%	653 6.38%	979 8.87%	908 8.60%	931 9.65%
Sempra Renewables	—	—	—	—	—	94 0.98%	34 0.33%	36 0.35%	35 0.32%	82 0.78%	68 0.70%
Sempra South American Utilities	—	—	—	—	—	—	1,556 15.28%	1,544 15.09%	1,534 13.90%	1,495 14.16%	1,441 14.94%
Adjustments and Intercompany Eliminations	—	—	—	—	—	—	—	—	—	(2) (0.02%)	(2) (0.02%)
Intersegment Revenues	—	—	—	—	—	—	—	—	—	(403) (3.82%)	(372) (3.86%)
Eliminations	(88) (0.71%)	(86) (0.73%)	(89) (0.60%)	(71) (0.52%)	—	(451) (4.68%)	(364) (3.57%)	(379) (3.70%)	(515) (4.67%)	—	—
Revenue	12,418	11,818	14,848	13,722	11,676	9,640	10,183	10,231	11,035	10,557	9,647

Revenue by region $m

Line	FY2017	FY2016	FY2015	FY2014
United States	8,547 88.66%	8,004 78.60%	8,119 79.36%	8,774 79.51%
Mexico	1,093 11.34%	623 6.12%	568 5.55%	727 6.59%
South America	—	1,556 15.28%	1,544 15.09%	1,534 13.90%
Revenue	9,640	10,183	10,231	11,035

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Community Choice Aggregation and Direct Access	Q3 FY2026	4.3B	—	—
Electric sales	Q3 FY2026	930.0M	—	—
Gas sales	Q2 FY2026	68.00	75.00	−9.33%
Natural gas customer meters	Q2 FY2026	173.0K	166.0K	+4.22%
Natural gas sales	Q2 FY2026	1.00	1.00	0.00%
Remaining performance obligations	Q3 FY2025	$3.3B	$3.6B	−9.04%
Termoeléctrica de Mexicali	Q3 FY2026	1.1B	—	—
Total deliveries	Q3 FY2026	5.2B	—	—
Total deliveries	Q2 FY2026	174.00	189.00	−7.94%
Total deliveries	Q3 FY2026	55.2B	—	—
Total electric customer meters	Q3 FY2026	4.2M	—	—
Total electric customer meters	Q3 FY2026	1.6M	—	—
Total gas customer meters	Q3 FY2026	7.1M	—	—
Transportation	Q2 FY2026	106.00	114.00	−7.02%
Wind and solar	Q3 FY2026	810.0M	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q3 FY2018	Q2 FY2018	Q1 FY2018
Community Choice Aggregation and Direct Access	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Electric sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gas sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas customer meters	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural gas sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Termoeléctrica de Mexicali	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric customer meters	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric customer meters	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total gas customer meters	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Transportation	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wind and solar	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.