← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Sempra is selling down its infrastructure arm to focus on its California and Texas utilities; a $651 million regulatory disallowance and held-for-sale tax charges cut net income 35.8% to $1.84B in FY2025
The read at a glance✓ Audited against SEC data
- Growth — Revenue up 3.9% to $13.70BNote
- Profitability — Net income down 35.8% to $1.84B; net margin down 830 bpsWatch
- Balance sheet — Free cash flow negative $6.05B; total debt $33.15B, down 1.3%Watch
- Capital allocation — Dividends $1.60B, up 6.9%; capital spending $10.61BNote
- Portfolio shift — Agreed to sell 45% of SI Partners to KKR for $9.99 billionNote
Business
Sempra is a holding company whose principal businesses are regulated utilities in California and Texas. Sempra California is San Diego Gas & Electric, which supplies electricity and gas in San Diego and southern Orange counties, and Southern California Gas, which distributes gas across most of Southern California. Sempra Texas Utilities is its interest in Oncor, the Texas electric transmission and distribution utility. Sempra Infrastructure holds LNG and natural gas infrastructure in the U.S. and Mexico, plus renewable energy, LPG and refined products infrastructure in Mexico.
Where the revenue comes from
Fiscal 2025, as SEMPRA reports it. History and quarterly detail are in the app.
- Utilities$11.5B
- Natural Gas, Gathering, Transportation, Marketing and Processing$8.0B
- Electric transmission, distribution and generation$4.5B
- Energy-related businesses$974.0M
Leadership changes
From SEMPRA's own filings, the day they're filed.
- Justin C. Bird · Chief Financial Officer · appointmenteff. 2026-07-06
- San Diego Gas · Directors · appointmenteff. 2025-06-21
- Sempra's California · director · appointmenteff. 2025-06-21
Latest filings
- 8-K · Company announcement2026-08-21
- 8-K · Company announcement2026-08-18
- 8-K · Company announcement2026-08-06
- 10-Q · Quarterly report2026-08-06
- 8-K · Company announcement2026-07-09
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about SEMPRA, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice.