SEMPRA SRE
We are a holding company whose principal businesses are regulated utilities in California and Texas. Our businesses invest in and operate electric and gas utilities and other energy infrastructure that provide energy services to customers.
Sempra was formed in 1998 through a business combination of Enova Corporation and Pacific Enterprises, the holding companies of our regulated public utilities in California: SDG&E, which began operations in 1881, and SoCalGas, which began operations in 1867. We have since expanded our regulated public utility presence into Texas through our 80.25% interest in Oncor and 50% interest in Sharyland Utilities. Sempra Infrastructure's assets include investments in the U.S. and Mexico with a focus on LNG, energy networks and low carbon solutions.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.42B | $11.82B | $14.85B | $13.72B | $11.68B | $10.31B | $10.14B | $9.45B | $9.64B | $10.18B |
| Interest expense | $1.53B | $1.05B | $1.31B | $1.05B | $1.20B | $1.08B | $1.08B | $886.0M | $622.0M | $553.0M |
| Pre-tax income | $1.79B | $2.71B | $3.26B | $2.01B | $833.0M | $1.78B | $1.76B | $478.0M | $1.28B | $1.83B |
| Income tax | $701.0M | $219.0M | $490.0M | $556.0M | $99.0M | $249.0M | $315.0M | $49.0M | $938.0M | $389.0M |
| Net income | $1.84B | $2.86B | $3.08B | $2.14B | $1.32B | $4.11B | $2.36B | $1.13B | $351.0M | $1.52B |
| EPS, basic | 2.75 | 4.44 | 4.81 | 3.32 | 2.01 | 12.93 | 7.40 | 3.45 | 1.02 | 5.48 |
| EPS, diluted | 2.75 | 4.42 | 4.79 | 3.31 | 2.01 | 12.88 | 7.29 | 3.42 | 1.01 | 5.46 |
| Shares, diluted (wtd. avg.) | $653.8M | $637.9M | $632.7M | $632.8M | $626.1M | $292.3M | $282.0M | $269.9M | $252.3M | $251.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $29.0M | $1.56B | $236.0M | $462.0M | $581.0M | $985.0M | $108.0M | $102.0M | $288.0M | $425.0M |
| Receivables | $1.77B | $1.98B | $2.15B | $2.63B | $2.07B | $1.58B | $1.26B | $1.22B | $1.31B | $1.39B |
| Inventory | $561.0M | $559.0M | $482.0M | $403.0M | $389.0M | $308.0M | $277.0M | $258.0M | $307.0M | $258.0M |
| Total current assets | $34.84B | $5.29B | $5.47B | $5.91B | $4.38B | $4.51B | $3.34B | $3.65B | $3.34B | $3.11B |
| Property, plant and equipment | — | — | — | $47.78B | $43.89B | $40.00B | $36.45B | $34.44B | $36.50B | $32.93B |
| Goodwill | $0 | $1.60B | $1.60B | $1.60B | $1.60B | $1.60B | $1.60B | $1.60B | $2.40B | $2.36B |
| Other intangibles | $0 | $292.0M | $318.0M | $344.0M | $370.0M | $202.0M | $213.0M | $224.0M | $596.0M | $548.0M |
| Total assets | $110.88B | $96.16B | $87.18B | $78.57B | $72.05B | $66.62B | $65.67B | $60.64B | $50.45B | $47.79B |
| Short-term debt | $4.17B | $2.02B | $2.34B | $3.35B | $3.47B | $885.0M | $3.50B | $2.02B | $1.54B | $1.78B |
| Total current liabilities | $21.89B | $9.68B | $10.09B | $9.90B | $10.04B | $6.84B | $9.15B | $7.52B | $6.63B | $5.93B |
| Retained earnings | $17.09B | $16.98B | $15.73B | $14.20B | $13.55B | $13.67B | $11.13B | $10.10B | $10.15B | $10.72B |
| Total equity | $31.59B | $31.22B | $33.65B | $29.26B | $27.42B | $24.93B | $21.80B | $19.25B | $15.14B | $15.24B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.57B | $4.91B | $6.22B | $1.14B | $3.84B | $2.59B | $3.09B | $3.52B | $3.62B | $2.31B |
| Depreciation and amortisation | $2.54B | $2.41B | $2.20B | $2.00B | $1.85B | $1.67B | $1.57B | $1.49B | $1.44B | $1.31B |
| Stock-based compensation | $64.0M | $86.0M | $80.0M | $71.0M | $63.0M | $71.0M | $75.0M | $83.0M | $82.0M | $52.0M |
| Capital expenditure | $10.61B | $8.21B | $8.40B | $5.36B | $5.01B | $4.68B | $3.71B | $3.54B | $3.71B | $4.21B |
| Investing cash flow | -$12.54B | -$9.12B | -$8.72B | -$5.04B | -$5.51B | $553.0M | -$4.59B | -$12.47B | -$4.88B | -$4.83B |
| Financing cash flow | $9.93B | $5.42B | $2.42B | $3.78B | $1.26B | -$2.37B | $1.48B | $8.85B | $1.19B | $2.50B |
| Dividends paid | $1.60B | $1.50B | $1.48B | $1.43B | $1.33B | $1.17B | $993.0M | $877.0M | $755.0M | $686.0M |
| Buybacks | $58.0M | $43.0M | $32.0M | $478.0M | $339.0M | $566.0M | $26.0M | $21.0M | $15.0M | $56.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001032208-26-000010.
Others in SIC 4932
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| UGI | UGI CORP /PA/ | $8.14B | 12.3x | 1.4% |
| CLNE | Clean Energy Fuels Corp. | $363.7M | — | 2.2% |
| MNTK | Montauk Renewables, Inc. | $317.4M | 223.0x | 0.4% |
| OPAL | OPAL Fuels Inc. | $59.6M | 13.4x | 12.3% |