A Business at a Glance
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SEMPRA
SRE
$60.7B
Mkt Cap
$92.98
-0.49%
SEMPRA (SRE) has a current P/E ratio of 33.8, compared to its historical median P/E of 20.3. The stock is currently considered Fair based on its historical valuation range.
SEMPRA (SRE) has a 5-year average return on invested capital (ROIC) of 3.6%. This is below average and may indicate limited pricing power.
SEMPRA (SRE) has a market capitalization of $60.7B. It is classified as a large-cap stock.
Yes, SEMPRA (SRE) pays a dividend with a trailing twelve-month yield of 2.69%. The company also returns capital through share buybacks, with a buyback yield of 0.03%.
Based on historical P/E analysis, SEMPRA (SRE) appears fair. The current P/E of 33.8 is 66% above its historical median of 20.3. The estimated fair value CAGR (P/E method) is 3.4%.
SEMPRA (SRE) operates in the Gas & Other Services Combined industry, within the Utilities sector.
SEMPRA (SRE) reported annual revenue of $13.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Sempra is a holding company whose principal businesses are regulated utilities in California and Texas, operating electric and gas utilities and energy infrastructure that provide energy services to customers. The company's core segments include Sempra California (SDG&E and SoCalGas), which serve approximately 3.6 million electric customers and 21.3 million natural gas customers across Southern California; Sempra Texas Utilities, which holds an 80.25% interest in Oncor and 50% interest in Sharyland Utilities serving the Texas market; and Sempra Infrastructure, which invests in LNG, energy networks and low carbon solutions in the U.S. and Mexico. SDG&E operates an electric transmission and distribution system with 2,018 miles of transmission lines and 24,210 miles of distribution lines, while SoCalGas operates 52,765 miles of distribution pipelines and 3,030 miles of transmission and storage pipelines. The company earns revenue through regulated utility rate structures, with SDG&E procuring power through long-term power purchase agreements and spot market purchases, while SoCalGas and SDG&E procure natural gas under short-term contracts. Sempra's business model is characterized by stable, regulated cash flows from utility operations, with capital-intensive infrastructure investments driving long-term growth, particularly in Texas where transmission expansion is accelerating. The company faces competition from distributed energy resources and local power generation, and operates in constructively regulated markets in California and Texas with established regulatory frameworks governing rates and returns.
【Texas-led capital acceleration】 Management expects to deploy record capital investment levels through 2030, with Oncor's capital plan increasing by over 30% and reaching $55 billion–$60 billion through 2030, driven primarily by transmission expansion in the Permian Basin and ERCOT-mandated reliability projects. The company anticipates improved regulatory certainty following Oncor's base rate case settlement and the implementation of the Utility Transmission Mechanism, which is expected to reduce regulatory lag and support earned returns closer to authorized levels during this period of elevated capital deployment. Sempra Infrastructure is progressing toward commercial operations at Port Arthur LNG Phase I, with first LNG production expected in spring 2026 and substantial completion targeted for summer 2026, followed by the planned sale of a majority stake to reduce leverage and improve credit metrics. Management is targeting a simplified business model with approximately 95% of earnings derived from regulated utilities by 2027, positioning the company for sustainable long-term growth while maintaining financial flexibility to fund the capital program without new common equity issuances through 2030.
| Metric | Target | Period |
|---|---|---|
| Adjusted EPS | $4.80–$5.30 | FY2026 |
| EPS | $5.10–$5.70 | FY2027 |
| EPS | $6.70–$7.50 | FY2030 |
Adjusted EPS (FY2026): “we're affirming our full year 2026 adjusted EPS guidance range of $4.80-$5.30”
EPS (FY2027): “introducing our full year 2027 EPS guidance range of $5.10-$5.70”
EPS (FY2030): “issuing a 2030 EPS outlook of $6.70-$7.50”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 13.4B | 13.7B | 13.2B | 16.7B | 14.4B | 12.9B |
| Net Income | 1.9B | 1.8B | 2.8B | 3.0B | 2.1B | 1.3B |
| EPS | $2.95 | $2.75 | $4.42 | $4.79 | $1.66 | $1.01 |
| Free Cash Flow | -5.8B | -6.0B | -3.3B | -2.2B | -4.2B | -1.2B |
| ROIC | 0.0% | 2.0% | 5.0% | 5.9% | 3.3% | 1.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.75 | 0.80 | 0.72 | 0.69 | 0.73 | 0.68 |
| Dividends/Share | $2.50 | $2.58 | $2.48 | $2.38 | $1.15 | $1.10 |
| Operating Income | 0 | 1.8B | 2.7B | 3.3B | 2.0B | 833M |
| Operating Margin | 0.0% | 13.1% | 20.6% | 19.5% | 13.9% | 6.5% |
| ROE | 6.0% | 5.7% | 9.4% | 10.9% | 7.9% | 5.1% |
| Shares Outstanding | 653M | 653M | 637M | 633M | 1,265M | 1,248M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 11.0B | 10.2B | 10.2B | 9.6B | 10.1B | 10.8B | 11.4B | 12.9B | 14.4B | 16.7B | 13.2B | 13.7B | 13.4B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 1.0B | 1.2B | 1.8B | 1.3B | 478M | 1.8B | 1.8B | 833M | 2.0B | 3.3B | 2.7B | 1.8B | 0 |
| Op. Margin | 9.2% | 11.6% | 18.0% | 13.3% | 4.7% | 16.3% | 15.7% | 6.5% | 13.9% | 19.5% | 20.6% | 13.1% | 0.0% |
| Net Income | 1.2B | 1.3B | 1.4B | 256M | 924M | 2.1B | 3.8B | 1.3B | 2.1B | 3.0B | 2.8B | 1.8B | 1.9B |
| Net Margin | 10.5% | 13.2% | 13.5% | 2.7% | 9.1% | 19.0% | 33.1% | 9.8% | 14.5% | 18.1% | 21.4% | 13.1% | 14.3% |
| Non-Recurring | 62M | 79M | 287M | 75M | 1.6B | 106M | -2.0M | 39M | 0 | 1.0M | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 3.0% | 3.5% | 5.6% | 2.8% | 1.6% | 4.1% | 4.0% | 1.8% | 3.3% | 5.9% | 5.0% | 2.0% | 0.0% |
| ROE | 10.4% | 11.7% | 11.1% | 2.0% | 6.2% | 11.1% | 17.4% | 5.1% | 7.9% | 10.9% | 9.4% | 5.7% | 6.0% |
| ROA | 3.0% | 3.3% | 3.1% | 0.5% | 1.7% | 3.3% | 5.7% | 1.8% | 2.8% | 3.7% | 3.1% | 1.7% | 1.7% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.2B | 2.9B | 2.3B | 3.6B | 3.5B | 3.1B | 2.6B | 3.8B | 1.1B | 6.2B | 4.9B | 4.6B | 4.9B |
| Free Cash Flow | -962M | -258M | -1.9B | -80M | -28M | -620M | -2.1B | -1.2B | -4.2B | -2.2B | -3.3B | -6.0B | -5.8B |
| Owner Earnings | 957M | 1.6B | 947M | 2.1B | 1.9B | 1.4B | 854M | 1.9B | -948M | 3.9B | 2.4B | 1.9B | -13.1B |
| CapEx | 3.1B | 3.2B | 4.2B | 3.7B | 3.5B | 3.7B | 4.7B | 5.0B | 5.4B | 8.4B | 8.2B | 10.6B | 10.7B |
| Maint. CapEx | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.4B | 2.6B | 17.9B |
| Growth CapEx | 2.0B | 1.9B | 2.9B | 2.3B | 2.1B | 2.1B | 3.0B | 3.2B | 3.3B | 6.2B | 5.8B | 8.0B | 0 |
| D&A | 1.2B | 1.3B | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 2.0B | 2.2B | 2.4B | 2.6B | 17.9B |
| CapEx/OCF | 144.5% | 108.6% | 182.3% | 108.9% | 100.8% | 120.1% | 180.5% | 130.5% | 469.1% | 135.0% | 167.4% | 232.5% | 219.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 598M | 628M | 686M | 755M | 877M | 993M | 1.2B | 1.3B | 1.4B | 1.5B | 1.5B | 1.6B | 1.6B |
| Dividend Yield | 3.4% | 3.4% | 3.6% | 3.5% | 3.7% | 3.3% | 3.7% | 1.9% | 1.6% | 3.4% | 3.2% | 3.1% | 2.7% |
| Share Buybacks | 38M | 74M | 56M | 15M | 21M | 26M | 566M | 339M | 478M | 32M | 43M | 58M | 21M |
| Buyback Yield | 0.2% | 0.4% | 0.3% | 0.1% | 0.1% | 0.1% | 1.8% | 0.9% | 1.1% | 0.1% | 0.1% | 0.1% | 0.0% |
| Stock-Based Comp | 48M | 52M | 52M | 82M | 83M | 75M | 71M | 63M | 71M | 80M | 86M | 64M | 87M |
| Debt Repayment | 2.0B | 1.9B | 2.1B | 2.6B | 3.3B | 3.7B | 5.9B | 5.5B | 4.5B | 6.3B | 3.3B | 5.2B | 5.2B |
| Balance Sheet | |||||||||||||
| Net Debt | 13.7B | 12.0B | 14.5B | 14.9B | 15.6B | 18.3B | 15.0B | 17.1B | 19.5B | 19.4B | 21.0B | 25.3B | 23.3B |
| Cash & Equiv. | 570M | 403M | 349M | 288M | 102M | 108M | 960M | 559M | 370M | 236M | 1.6B | 29M | 794M |
| Long-Term Debt | 12.1B | 10.8B | 12.2B | 12.2B | 13.0B | 13.9B | 13.1B | 13.5B | 14.9B | 15.7B | 17.1B | 18.0B | 18.5B |
| Debt/Equity | 1.26 | 1.05 | 1.15 | 1.20 | 0.97 | 0.98 | 0.68 | 0.68 | 0.73 | 0.69 | 0.72 | 0.80 | 0.75 |
| Interest Coverage | 1.8 | 2.1 | 3.3 | 2.1 | 0.5 | 1.6 | 1.6 | 0.7 | 1.9 | 2.5 | 2.6 | 1.2 | 1.2 |
| Equity | 11.3B | 11.8B | 13.0B | 12.7B | 17.1B | 19.9B | 23.4B | 26.0B | 27.1B | 28.7B | 31.2B | 31.6B | 32.2B |
| Total Assets | 39.7B | 41.1B | 47.8B | 50.5B | 60.6B | 65.7B | 66.6B | 72.0B | 78.6B | 87.2B | 96.2B | 110.9B | 113.5B |
| Total Liabilities | 5.7B | 28.6B | 32.6B | 35.3B | 41.4B | 43.9B | 41.7B | 44.6B | 49.3B | 53.5B | 58.4B | 72.1B | 2.8B |
| Intangibles | 415M | 404M | 548M | 596M | 224M | 213M | 202M | 370M | 344M | 318M | 292M | 0 | 0 |
| Retained Earnings | 9.3B | 10.0B | 10.7B | 10.1B | 10.1B | 11.1B | 13.7B | 13.5B | 14.2B | 15.7B | 17.0B | 17.1B | 17.7B |
| Working Capital | -885M | -1.7B | -2.8B | -3.3B | -3.9B | -5.8B | -2.3B | -5.7B | -4.0B | -4.6B | -4.4B | 12.9B | 14.8B |
| Current Assets | 4.2B | 2.9B | 3.1B | 3.3B | 3.6B | 3.3B | 4.5B | 4.4B | 5.9B | 5.5B | 5.3B | 34.8B | 36.2B |
| Current Liabilities | 5.1B | 4.6B | 5.9B | 6.6B | 7.5B | 9.2B | 6.8B | 10.0B | 9.9B | 10.1B | 9.7B | 21.9B | 21.4B |
| Per Share Data | |||||||||||||
| EPS | 2.32 | 2.69 | 2.73 | 0.51 | 1.71 | 3.65 | 6.44 | 1.01 | 1.66 | 4.79 | 4.42 | 2.75 | 2.95 |
| Owner EPS | 1.91 | 3.18 | 1.89 | 4.16 | 3.59 | 2.56 | 1.46 | 1.54 | -0.75 | 6.18 | 3.74 | 2.97 | -20.00 |
| Book Value | 22.58 | 23.50 | 25.81 | 24.99 | 31.72 | 35.35 | 39.99 | 20.82 | 21.43 | 45.33 | 48.99 | 48.38 | 49.34 |
| Cash Flow/Share | 4.31 | 5.77 | 4.61 | 7.15 | 6.51 | 5.48 | 4.43 | 3.08 | 0.90 | 9.83 | 7.70 | 6.99 | 30.30 |
| Dividends/Share | 1.32 | 1.40 | 1.51 | 1.65 | 1.79 | 1.94 | 2.09 | 1.10 | 1.15 | 2.38 | 2.48 | 2.58 | 2.50 |
| Shares Out. | 501.5M | 502.4M | 501.8M | 506.9M | 540.4M | 563.8M | 584.5M | 1.2B | 1.3B | 632.6M | 637.3M | 653.1M | 653.3M |
| Valuation | |||||||||||||
| P/E Ratio | 17.6 | 13.1 | 13.8 | 82.1 | 25.1 | 17.0 | 8.4 | 28.8 | 21.4 | 14.6 | 19.2 | 32.2 | 31.5 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 245.3 | 231.6 | 250.2 | 153.0 | 682.7 | 15.6 | 8.9 | 20.4 | 17.1 | 13.0 | 17.7 | 484.4 | N/A |
| Price/Book | 1.8 | 1.5 | 1.5 | 1.7 | 1.4 | 1.8 | 1.3 | 1.4 | 1.7 | 1.5 | 1.7 | 1.8 | 1.9 |
| Price/Sales | 1.6 | 1.8 | 1.9 | 1.9 | 2.3 | 2.8 | 2.8 | 2.7 | 3.0 | 2.6 | 3.6 | 3.8 | 4.5 |
| FCF Yield | -4.7% | -1.5% | -10.1% | -0.4% | -0.1% | -1.8% | -6.6% | -3.3% | -9.4% | -4.9% | -6.1% | -10.4% | -9.6% |
| Market Cap | 20.5B | 17.6B | 18.8B | 21.0B | 23.2B | 35.0B | 31.5B | 36.1B | 44.9B | 44.3B | 54.2B | 57.9B | 60.7B |
| Avg. Price | 35.31 | 37.11 | 38.14 | 42.82 | 43.81 | 54.14 | 53.93 | 56.13 | 69.10 | 67.98 | 74.51 | 79.67 | 92.98 |
| Year-End Price | 40.79 | 35.09 | 37.55 | 41.45 | 42.88 | 62.03 | 53.93 | 57.68 | 70.98 | 70.08 | 84.99 | 88.61 | 92.98 |
SEMPRA passes 2 of 9 quality checks, indicating weak fundamentals.
SEMPRA trades at 33.8x trailing earnings, compared to its 15-year median P/E of 20.3x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 3.6%. Total shareholder yield (dividends) is 2.7%. At current prices, the estimated annualized return to fair value is +3.4%.
SEMPRA (SRE) has a net profit margin of 13.1%. This is a healthy margin.
SEMPRA (SRE) generated $-6.0 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SEMPRA (SRE) has a debt-to-equity ratio of 0.80. This indicates moderate leverage.
SEMPRA (SRE) reported earnings per share (EPS) of $2.75 in its most recent fiscal year.
SEMPRA (SRE) has a return on equity (ROE) of 5.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 18 years of financial data for SEMPRA (SRE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SEMPRA (SRE) has a book value per share of $48.38, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects to deploy record capital investment levels through 2030, with Oncor's capital plan increasing by over 30% and reaching $55 billion–$60 billion through 2030, driven primarily by transmission expansion in the Permian Basin and ERCOT-mandated reliability projects. The company anticipates improved regulatory certainty following Oncor's base rate case settlement and the implementation of the Utility Transmission Mechanism, which is expected to reduce regulatory lag and support earned returns closer to authorized levels during this period of elevated capital deployment. Sempra Infrastructure is progressing toward commercial operations at Port Arthur LNG Phase I, with first LNG production expected in spring 2026 and substantial completion targeted for summer 2026, followed by the planned sale of a majority stake to reduce leverage and improve credit metrics. Management is targeting a simplified business model with approximately 95% of earnings derived from regulated utilities by 2027, positioning the company for sustainable long-term growth while maintaining financial flexibility to fund the capital program without new common equity issuances through 2030.
Based on recent SEC filings and earnings calls, SEMPRA (SRE) has provided the following forward guidance: Adjusted EPS: $4.80–$5.30 (FY2026); EPS: $5.10–$5.70 (FY2027); EPS: $6.70–$7.50 (FY2030).