SEMPRA

Listed Company

SREACIK 0001032208NYSELarge AcceleratedGas & Other Services CombinedCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$2.07B

Total Assets

$110.88B

Equity

$31.59B

Shares Out

653.28M

Op. Cash Flow

$4.57B

Business

SEMPRA is a holding company that invests in, develops and operates energy infrastructure and provides electric and natural gas services across North America. It offers regulated transmission and distribution services, natural gas procurement, LNG liquefaction and regasification, pipeline and storage services, renewable power generation, LPG and refined products storage, and low‑carbon solutions including hydrogen and carbon capture. The company’s reportable segments are Sempra California (SDG&E and SoCalGas), Sempra Texas Utilities (Oncor and Sharyland) and Sempra Infrastructure (SI Partners and related operating businesses). Sempra operates primarily in the U.S. and Mexico and distributes energy through regulated utility service, wholesale and retail contracts, long‑term capacity agreements and global LNG sales channels.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Natural gas	7,319	7,141	9,495	7,868	6,333
Electric	4,552	4,296	4,334	4,783	4,658
Energy-related businesses	1,831	1,748	2,891	1,788	1,866
Total revenues	13,702	13,185	16,720	14,439	12,857
Operation and maintenance	−5,281	−5,336	−5,458	−4,746	−4,341
Regulatory disallowances	−651	0	0	—	—
Depreciation and amortization	−2,563	−2,437	−2,227	−2,019	−1,855
Franchise fees and other taxes	−744	−693	−677	−635	−596
Other income, net	169	136	131	24	58
Interest income	103	61	89	75	69
Interest expense	−1,532	−1,049	−1,309	−1,054	—
Income before income taxes and equity earnings	1,169	2,110	2,627	1,343	219
Income tax expense	−701	−219	−490	−556	−99
Equity earnings	1,604	1,609	1,481	1,498	1,343
Net income	2,072	3,500	3,618	2,285	1,463
Earnings attributable to noncontrolling interests	−238	−638	−543	—	—
Losses attributable to contingently redeemable noncontrolling interest	3	0	0	—	—
Preferred deemed dividends	−11	0	0	—	—
Preferred dividends	−29	−44	−44	−44	−63
Preferred dividends of subsidiary	−1	−1	−1	−1	−1
Earnings attributable to common shares	1,796	2,817	3,030	2,094	1,254
Earnings (in dollars per share)	2.75	4.44	4.81	3.32	2.01
Weighted-average common shares outstanding (in shares)	653	634	630	630	624
Earnings (in dollars per share)	2.75	4.42	4.79	3.31	2.01
Weighted-average common shares outstanding (in shares)	654	638	633	633	626

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	29	1,565	236	370	559
Restricted cash	2	21	49	40	19
Accounts receivable trade, net	1,767	1,983	2,151	2,635	2,071
Accounts receivable other, net	157	397	561	685	398
Due from unconsolidated affiliates	0	13	31	54	—
Income taxes receivable	71	90	94	113	79
Inventories	561	559	482	403	389
Regulatory assets	761	60	226	351	271
Greenhouse gas allowances	203	217	1,189	141	97
Assets held for sale	31,024	0	—	—	0
Other current assets	262	380	56	49	30
Total current assets	34,837	5,285	5,470	5,912	4,375
Restricted cash	0	3	104	52	3
Regulatory assets	3,868	3,937	3,771	2,588	2,011
Greenhouse gas allowances	1,221	845	301	796	422
Nuclear decommissioning trusts	899	875	872	841	1,012
Dedicated assets in support of certain benefit plans	605	585	549	505	567
Deferred income taxes	10	172	129	135	151
Operating Lease, Right-of-Use Asset	1,262	1,177	723	655	594
Investment in Oncor Holdings	17,472	15,400	14,266	13,665	12,947
Other investments	147	2,534	2,244	2,012	1,525
Goodwill	0	1,602	1,602	1,602	1,602
Other intangible assets	0	292	318	344	370
Wildfire fund	246	262	269	303	331
Other long-term assets	1,300	1,749	1,603	1,382	1,244
Total other assets	27,030	29,433	26,751	24,880	23,776
Property, plant and equipment	66,900	80,397	72,495	63,893	—
Less accumulated depreciation and amortization	−17,889	−18,960	−17,535	−16,111	—
Property, plant and equipment, net	49,011	61,437	54,960	47,782	—
Total assets	110,878	96,155	87,181	78,574	72,045
Short-term debt	4,166	2,016	2,342	3,352	3,471
Accounts payable trade	1,461	2,238	2,211	1,994	1,671
Accounts payable other	203	208	224	275	178
Dividends and interest payable	770	773	691	621	563
Accrued compensation and benefits	521	558	526	484	479
Regulatory liabilities	3	141	553	504	359
Current portion of long-term debt and finance leases	1,876	2,274	975	1,019	106
Greenhouse gas obligations	203	217	1,189	141	97
Liabilities held for sale	11,704	0	—	—	0
Total current liabilities	21,894	9,676	10,090	9,899	10,035
Long-term debt and finance leases	28,979	31,558	27,759	24,548	21,068
Due to unconsolidated affiliates	0	352	307	301	—
Regulatory liabilities	4,250	3,817	3,739	3,341	3,402
Greenhouse gas obligations	957	506	0	565	225
Pension and other postretirement benefit plan obligations, net of plan assets	124	168	407	410	687
Deferred income taxes	6,127	5,845	5,254	4,591	3,477
Asset retirement obligations	3,743	3,737	3,642	3,546	3,375
Deferred credits and other	2,805	2,708	2,329	2,117	2,070
Total deferred credits and other liabilities	18,006	17,133	15,678	14,871	13,523
Commitments and contingencies	—	—	—	—	—
Contingently redeemable noncontrolling interest	3,206	0	—	—	—
Common stock	14,699	13,520	12,204	12,160	11,862
Retained earnings	17,092	16,979	15,732	14,201	13,548
Accumulated other comprehensive income (loss)	−197	−166	−150	−135	−318
Total shareholders equity	31,594	31,222	28,675	27,115	25,981
Preferred stock of subsidiary	20	20	20	20	20
Other noncontrolling interests	7,179	6,546	4,959	2,121	1,418
Total equity	38,793	37,788	33,654	29,256	27,419
Total liabilities, contingently redeemable noncontrolling interest, and equity	110,878	96,155	87,181	78,574	72,045

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income taxes and investment tax credits	533	−20	249	392	−78
Share-based compensation expense	64	86	80	71	63
Fixed-price contracts and other derivatives	92	−197	−666	863	206
Bad debt expense	65	209	458	122	55
Other	−16	20	−14	56	115
Accounts receivable	−66	118	168	−976	−599
Due to/from unconsolidated affiliates, net	17	30	26	−31	−1
Income taxes receivable/payable, net	−187	−49	142	−29	−38
Inventories	−64	−74	−80	−17	−87
Other current assets	−296	−30	11	−1,608	−220
Accounts payable	−7	−131	−270	430	263
Regulatory balancing accounts, net	−829	−456	260	36	249
Other current liabilities	177	130	1,172	228	−105
Distributions from investments	1,120	1,093	912	854	941
Changes in other noncurrent assets and liabilities, net	280	−150	−594	−564	−496
Net cash provided by operating activities	4,565	4,907	6,218	1,142	3,842
Expenditures for property, plant and equipment	−10,612	−8,215	−8,397	−5,357	−5,015
Expenditures for investments	−2,015	−988	−382	−376	−633
Return on investments	0	9	0	0	366
Purchases of nuclear decommissioning and other trust assets	−1,031	−889	−610	−700	−961
Proceeds from sales of nuclear decommissioning and other trust assets	1,098	942	661	762	961
Other	23	23	12	6	11
Net cash used in investing activities	−12,537	−9,118	−8,716	−5,039	−5,508
Common dividends paid	−1,603	−1,499	−1,483	−1,430	−1,331
Preferred dividends paid	−40	−44	−44	−44	−99
Redemption of preferred stock	−900	0	0	—	—
Issuances of common stock, net	32	1,219	145	4	5
Repurchases of common stock	−58	−43	−32	−478	−339
Issuances of debt (maturities greater than 90 days)	11,282	8,674	7,669	9,984	3,773
Payments on debt (maturities greater than 90 days) and finance leases	−5,220	−3,339	−6,294	−4,510	−5,489
Increase (decrease) in short-term debt, net	1,262	−557	552	−1,266	1,913
Advances from unconsolidated affiliates	150	85	31	28	40
Contributions from contingently redeemable noncontrolling interest, net of transaction costs	5,294	0	0	—	—
Proceeds from investor equity subscription	106	0	0	—	—
Proceeds from sales of noncontrolling interests, net	0	0	1,219	1,732	—
Contributions from noncontrolling interests	327	1,235	1,570	31	3,206
Distributions to noncontrolling interests	−609	−297	−730	−237	0
Termination of interest rate and settlement of cross-currency swaps	0	46	−99	0	—
Other	−93	−56	−85	−35	−199
Net cash (used in) provided by financing activities	9,930	5,424	2,419	3,779	1,260
Effect of exchange rate changes on cash, cash equivalents and restricted cash	5	−13	6	−1	2
(Decrease) increase in cash, cash equivalents and restricted cash	1,963	1,200	−73	−119	−404
Interest payments, net of amounts capitalized	1,449	1,205	1,172	1,014	1,163
Income tax payments, net of refunds	376	289	197	284	230
Accrued interest receivable capitalized to note receivable	18	17	16	16	—
Repayments of advances from unconsolidated affiliate in lieu of distributions	45	62	36	32	45
Accrued capital expenditures for PP&E	1,653	1,181	1,052	590	591
Capital expenditures reclassified from other assets to PP&E	3	53	18	5	—
Increase in ARO capitalized to PP&E	11	1	33	91	153
Increase in finance lease obligations capitalized to PP&E	47	41	57	57	43
Amortized debt issuance costs capitalized to PP&E	22	13	4	0	—
Unamortized debt issuance costs reclassified from noncurrent assets to long-term debt	67	27	9	0	—
Accrued interest payable capitalized to due to unconsolidated affiliate	18	16	0	0	—
Change in equity related to allocation of interests, net of tax	1,771	0	0	—	—
Preferred deemed dividends	11	0	0	—	—
Common dividends issued in stock	52	54	0	0	—
Contributions from NCI	0	0	200	0	0

Filings

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