Sempra engages in the regulated utilities business in the United States and Mexico. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. It also invests in and operates electric and gas utilities and other energy infrastructure that provides energy services to customers. The Sempra California segment provides natural gas and electric services to Southern California and part of central California. As of December 31, 2025, it offered electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. This segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas. As of December 31, 2025, it served a population of 21.3 million covering an area of 24,000 square miles. The Sempra Texas Utilities segment engages in the regulated electricity transmission and distribution utility business. As of December 31, 2025, transmission system included approximately 18,418 circuit miles of transmission lines; 1,333 transmission and distribution substations; interconnection to 230 third-party generation facilities totaling 63,670 MW; and distribution system included more than 4.1 million points of delivery and consisted of 127,398 circuit miles of overhead and underground lines. The Sempra Infrastructure segment develops, constructs, operates, and invests in energy infrastructure to help enable the access to cleaner energy in markets in the United States, Mexico, and internationally. The company was formerly known as Sempra Energy and changed its name to Sempra in May 2023. Sempra was incorporated in 1996 and is headquartered in San Diego, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $13.7B | $5.3B | $1.8B | $-6.0B | 5.8% | 3.9% | -35.8% |
| 2024 | $13.2B | $5.6B | $2.9B | $-3.3B | 9.4% | -21.1% | -6.9% |
| 2023 | $16.7B | $6.2B | $3.1B | $-2.2B | 11.1% | 15.8% | 43.8% |
| 2022 | $14.4B | $4.4B | $2.1B | $-4.2B | 8.2% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 14,439 | 16,720 | 13,185 | 13,702 |
| Operating Revenue | - | 14,439 | 16,720 | 13,185 | 13,702 |
| Cost Of Revenue | - | 9,228 | 10,100 | 7,093 | 7,315 |
| Gross Profit | - | 5,211 | 6,620 | 6,092 | 6,387 |
| Operating Expense | - | 2,654 | 2,904 | 3,130 | 3,307 |
| Total Expenses | - | 11,882 | 13,004 | 10,223 | 10,622 |
| Operating Income | - | 2,557 | 3,716 | 2,962 | 3,080 |
| EBITDA | - | 4,416 | 6,163 | 5,596 | 5,264 |
| Normalized EBITDA | - | 4,587 | 5,989 | 5,424 | 5,678 |
| EBIT | - | 2,397 | 3,936 | 3,159 | 2,701 |
| Interest Income | - | 101 | 168 | 136 | 196 |
| Interest Expense | - | 1,054 | 1,309 | 1,049 | 1,532 |
| Net Interest Income | - | -953 | -1,141 | -913 | -1,336 |
| Other Non Operating Income Expenses | - | -90 | -122 | -111 | -161 |
| Other Income Expense | - | -261 | 52 | 61 | -575 |
| Interest Income Non Operating | - | 101 | 168 | 136 | 196 |
| Interest Expense Non Operating | - | 1,054 | 1,309 | 1,049 | 1,532 |
| Net Non Operating Interest Income Expense | - | -953 | -1,141 | -913 | -1,336 |
| Pretax Income | - | 1,343 | 2,627 | 2,110 | 1,169 |
| Tax Provision | - | 556 | 490 | 219 | 701 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -35.91 | 32.46 | 13.76 | -161.46 |
| Net Income Continuous Operations | - | 2,285 | 3,618 | 3,500 | 2,072 |
| Net Income From Continuing And Discontinued Operation | - | 2,139 | 3,075 | 2,862 | 1,837 |
| Net Income From Continuing Operation Net Minority Interest | - | 2,139 | 3,075 | 2,862 | 1,837 |
| Net Income | - | 2,139 | 3,075 | 2,862 | 1,837 |
| Net Income Common Stockholders | - | 2,094 | 3,030 | 2,817 | 1,796 |
| Net Income Including Noncontrolling Interests | - | 2,285 | 3,618 | 3,500 | 2,072 |
| Normalized Income | - | 2,274.09 | 2,933.46 | 2,703.76 | 2,089.54 |
| Diluted NI Availto Com Stockholders | - | 2,094 | 3,030 | 2,817 | 1,796 |
| Basic Average Shares | - | 630.32 | 630.30 | 633.79 | 652.70 |
| Diluted Average Shares | - | 632.76 | 632.73 | 637.94 | 653.83 |
| Reconciled Depreciation | - | 2,019 | 2,227 | 2,437 | 2,563 |
| Reconciled Cost Of Revenue | - | 9,228 | 10,100 | 7,093 | 7,315 |
| Total Unusual Items | - | -171 | 174 | 172 | -414 |
| Total Unusual Items Excluding Goodwill | - | -171 | 174 | 172 | -414 |
| Preferred Stock Dividends | - | 45 | 45 | 45 | 41 |
| Minority Interests | - | -146 | -543 | -638 | -235 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Earnings From Equity Interest Net Of Tax | - | 1,498 | 1,481 | 1,609 | 1,604 |
| Special Income Charges | - | -116 | 140 | 150 | -477 |
| Other Special Charges | - | 116 | -140 | -150 | 477 |
| Impairment Of Capital Assets | 3 | - | - | - | - |
| Gain On Sale Of Security | - | -55 | 34 | 22 | 63 |
| Depreciation Amortization Depletion Income Statement | - | 2,019 | 2,227 | 2,437 | 2,563 |
| Depreciation And Amortization In Income Statement | - | 2,019 | 2,227 | 2,437 | 2,563 |
| Gain On Sale Of Ppe | 36 | 0 | 1 | - | - |
| Other Operating Expenses | 596 | 635 | - | - | - |
| Other Taxes | - | 635 | 677 | 693 | 744 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Semprathis co. | SRE | $59.1B | 32.15β premium | 1.87 | 5.8% | 17.87 |
| American Electric Power Company, Inc. | AEP | $69.5B | 19.42 | 2.23 | 11.5% | 12.86 |
| Dominion Energy, Inc. | D | $58.5B | 19.51 | 2.08 | 10.7% | 12.89 |
| Vistra Corp. | VST | $51.8B | 54.90 | 19.77 | 36.0% | 14.07 |
| Entergy Corporation | ETR | $50.0B | 28.22 | 2.96 |
| - |
| - |
| - |
| 10.5% |
| 12.86 |
| Xcel Energy Inc. | XEL | $48.5B | 24.06 | 2.06 | 8.5% | 13.40 |
| Exelon Corporation | EXC | $45.7B | 16.50 | 1.59 | 9.6% | 10.50 |
| Public Service Enterprise Group Incorporated | PEG | $38.9B | 18.43 | 2.29 | 12.4% | 13.14 |
| Consolidated Edison, Inc. | ED | $38.4B | 18.96 | 1.59 | 8.4% | 10.58 |
| Peer Median | - | 19.47 | 2.16 | 10.6% | 12.87 | |