UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | Exact Name of Registrants as | | | | --- | --- | --- | --- | | Commission File No. | Specified in their Charters, Address and Telephone Number | State of In ...

Sempra (SRE) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +13.61%. A quarter ago, it was expected that this natural gas and electricity provider would post earnings of $0.93 per share when it actually produced earnings of $1.11, delivering a surprise of +19.35%.Over the last four qu ...

Sempra (NYSE:SRE) Q4 2025 Earnings call February 26, 2026 12:00 PM ET Company ParticipantsAllen Nye - CEOJeff Martin - Chairman and CEOKaren Sedgwick - EVP and CFOLouise Bick - VP of Investor RelationsShar Pourreza - Managing Director and Head of North American Power, Infrastructure and UtilitiesConference Call ParticipantsAidan Kelly - Equity Research AnalystAnthony Crowdell - Managing Director and Senior Equity Research AnalystCarly Davenport - VP and Equity Research AnalystDavid Arcaro - Executive Direct ...

Sempra (NYSE:SRE) Q4 2025 Earnings call February 26, 2026 12:00 PM ET Company ParticipantsAllen Nye - CEOJeff Martin - Chairman and CEOKaren Sedgwick - EVP and CFOLouise Bick - VP of Investor RelationsShar Pourreza - Managing Director and Head of North American Power, Infrastructure and UtilitiesConference Call ParticipantsAidan Kelly - Equity Research AnalystAnthony Crowdell - Managing Director and Senior Equity Research AnalystCarly Davenport - VP and Equity Research AnalystDavid Arcaro - Executive Direct ...

Financial Data and Key Metrics Changes - For Q4 2025, GAAP earnings were $352 million or $0.54 per share, down from $665 million or $1.04 per share in Q4 2024. Full year 2025 GAAP earnings were $1,796 million or $2.75 per share, compared to $2,817 million or $4.42 per share in 2024. Adjusted earnings for Q4 2025 were $841 million or $1.28 per share, down from $960 million or $1.50 per share in Q4 2024. Full year 2025 adjusted earnings were $3,066 million or $4.69 per share, up from $2,969 million or $4.65 per share in 2024 [8][9][10] Business Line Data and Key Metrics Changes - Sempra Texas reported $80 million higher equity earnings due to increased invested capital and customer growth, while Sempra California saw a $213 million decrease primarily from lower income tax benefits and higher net interest expense. Sempra Infrastructure had $123 million in higher asset and supply optimization results [9][10] Market Data and Key Metrics Changes - Sempra's capital plan for 2026-2030 totals $65 billion, a 17% increase from the previous year, with 95% targeted for utility investments. The projected rate base is expected to grow from $57 billion in 2025 to $97 billion in 2030, reflecting an 11% CAGR [12][14] Company Strategy and Development Direction - The company introduced five value creation initiatives aimed at simplifying the business model, mitigating risk, and improving financial strength. Key initiatives include prioritizing utility investments, highlighting LNG franchise value, simplifying the business, executing cost structure reductions, and enhancing community safety [4][5][6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a strong growth trajectory through 2030, with adjusted EPS guidance for 2026 set at $4.80-$5.30 and for 2030 at $6.70-$7.50. The company aims to maintain a strong balance sheet and investment-grade credit ratings, with regulated earnings expected to comprise approximately 95% of total earnings by 2027 [18][20][21] Other Important Information - The company plans to close a significant transaction involving a 45% stake in SI Partners for $10 billion, which is expected to enhance shareholder value and improve financial metrics. Additionally, the company is focused on capital recycling and efficient financing strategies [5][16][20][21] Q&A Session Summary Question: Clarification on 2023 guidance and growth expectations - Management indicated that the $9 billion upside opportunities could help achieve the upper end of the 2030 guidance, emphasizing improved quality and certainty of future earnings and cash flows [25][26] Question: Insights on California's earnings growth - Management noted that earnings growth in California is impacted by approved attrition from the last GRC and ongoing efforts to improve efficiencies [30][31] Question: Overview of the 2028-2030 growth shaping - Management explained that growth is expected to be more linear, driven by rate base growth and the Unified Tracker Mechanism (UTM) [36] Question: Timeline for $9 billion upside at Oncor - Management stated that the $9 billion upside opportunities are expected to materialize around 2028-2030, with ongoing efforts to secure regulatory approvals [39][40] Question: Data center pipeline and construction challenges - Management confirmed that data center demand remains strong, with ongoing projects and efforts to meet large load customer needs despite potential supply chain challenges [78][81]

Building America's Leading Utility Growth Business 2025 – 2030 February 26, 2026 About This Presentation This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our ...

Key Takeaways Sempra Energy beat Q4 EPS estimates at $1.28 but earnings fell 14.7% year over year.SRE posted $3.75B in Q4 revenues and saw mixed results across key business segments.Sempra Energy issued 2027 and 2030 EPS outlook, guiding 2026 EPS to $4.80-$5.30.Sempra Energy (SRE) reported fourth-quarter 2025 adjusted earnings per share (EPS) of $1.28, which beat the Zacks Consensus Estimate of $1.13 by 13.3%. However, the bottom line decreased 14.7% from the year-ago quarter’s figure of $1.50.Including one ...

Exhibit 99.1 NEWS RELEASE Sempra Reports 2025 Financial and Business Results SAN DIEGO, Feb. 26, 2026 — Sempra (NYSE: SRE) today reported full-year 2025 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.80 billion or $2.75 per diluted share, compared to full-year 2024 GAAP earnings of $2.82 billion or $4.42 per diluted share. On an adjusted basis, the company's full-year 2025 earnings were $3.07 billion or $4.69 per diluted share, compared to $2.97 billion or $4.65 ...

Core Insights - Energy infrastructure company Sempra raised its five-year capital plan by 16% and exceeded Wall Street estimates for fourth-quarter adjusted profit, driven by increased power demand and investments [1] Group 1: Financial Performance - Sempra reported a fourth-quarter adjusted profit that surpassed Wall Street expectations [1] - The increase in power demand contributed significantly to the company's financial performance [1] Group 2: Capital Investment - The company increased its five-year capital plan by 16%, indicating a strong commitment to future growth and infrastructure development [1]

Posts Strong 2025 Financial Results Announces 2026 Value Creation Initiatives Raises Five-Year Capital Plan to $65B Issues Robust 2030 EPS Outlook SAN DIEGO, Feb. 26, 2026 /PRNewswire/ -- Sempra (NYSE: SRE) today reported full-year 2025 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.80 billion or $2.75 per diluted share, compared to full-year 2024 GAAP earnings of $2.82 billion or $4.42 per diluted share. On an adjusted basis, the company's full-year 2025 earnin ...