DBA Sempra
92.20-0.35 (-0.38%)
Oct 29, 4:00:02 PM EDT · NYSE · SRE · USD
Key Stats
Market Cap
60.16BP/E (TTM)
22.32Basic EPS (TTM)
4.13Dividend Yield
0.03%Recent Filings
8-K
Sempra closes $800M notes offering
Sempra closed its $800 million public offering of 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056 on August 29, 2025, netting about $792 million after underwriting discounts. The company plans to use proceeds to redeem its outstanding 4.875% Series C preferred stock, pending board approval, optimizing its capital structure amid rising rates. Interest resets in 2031 but won't dip below 6.375%. Redemption options start in 2031.
10-Q
Q2 FY2025 results
Sempra's Q2 2025 earnings fell to $461 million from $713 million in Q2 2024, driven by foreign currency losses in Mexico and higher taxes, offset by optimization gains. Revenue dipped 0.4% to $3.0 billion, with natural gas revenues down 2% due to regulatory adjustments, while energy-related businesses rose 34% from LNG optimization. Net income dropped to $519 million from $871 million, with EPS declining to $0.71 from $1.13. YTD earnings rose 0.3% to $1.4 billion, with revenue up 2.3% to $6.8 billion. Key drivers included higher CPUC-authorized revenues at utilities offset by Mexican currency impacts and COVID-19 cost disallowances. Sempra California earnings fell 18% to $259 million, Texas Utilities up 3% to $208 million, and Infrastructure down sharply to $72 million due to forex losses.
8-K
Sempra Q2 earnings steady
Sempra reported Q2 2025 GAAP earnings of $461 million, or $0.71 per share, down from $713 million last year, but adjusted earnings held steady at $583 million, or $0.89 per share, offsetting Mexico currency hits and regulatory disallowances. Progress advanced on capital recycling, including a non-binding LOI with KKR for Sempra Infrastructure equity and Ecogas sale, both eyed for 2026 close, while Port Arthur LNG Phase 2 snagged export approval and a 20-year JERA deal. Solid quarter. The company affirmed 2025 adjusted EPS guidance of $4.30 to $4.70, yet wildfire liabilities loom large.
8-K
Sempra executive promotions announced
Sempra promoted Caroline A. Winn to executive vice president overseeing its California utilities SoCalGas and SDG&E, effective July 5, 2025; she resigns as SDG&E CEO but stays as non-executive chairman there. Peter R. Wall resigned as Sempra's senior vice president, controller, and chief accounting officer on June 18, 2025. Dyan Z. Wold steps up to replace him, with her salary rising to $365,000. Leadership shuffle streamlines oversight.
8-K
Oncor taps new Texas rate tracker
Sempra's 80.25%-owned Oncor qualifies for Texas's new Unified Tracker Mechanism, effective June 20, 2025, allowing annual filings for recovering T&D capital costs through 2035. This beats current trackers by boosting Oncor's ROE 50 to 100 basis points, enhancing earnings and cash flows. First filing hits in early 2026. Regulatory lag shrinks, but prudency reviews linger.
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