Company Overview

Sempra Energy (formerly Sempra) stands as one of North America's premier energy infrastructure companies, dedicated to delivering affordable, resilient, and reliable energy to foster a better and more secure future for all. The company was incorporated in 1996 and is headquartered in San Diego, California. Sempra operates across key growth markets in California, Texas, and Mexico, serving nearly 40 million consumers.

Business Segments

Sempra operates through distinct business segments, each focused on critical aspects of the energy infrastructure landscape:

Sempra California

This segment provides essential natural gas and electric services to a significant portion of Southern California and parts of central California. As of December 31, 2024, Sempra California offered electric services to approximately 3.6 million customers and natural gas services to approximately 3.3 million customers, covering a service territory of 4,100 square miles. This dual-utility platform is focused on connecting approximately 25 million consumers to safe, reliable, and cleaner energy.

Sempra Texas Utilities

Sempra Texas Utilities is primarily engaged in the regulated electricity transmission and distribution business. As of December 31, 2024, its extensive transmission system comprised 18,324 circuit miles of transmission lines and 1,288 transmission and distribution substations. The system interconnects with 192 third-party generation facilities totaling 58,597 MW. Its distribution system includes approximately 4 million points of delivery and consists of 125,975 miles of overhead and underground lines, ensuring reliable power delivery across Texas.

Sempra Infrastructure

The Sempra Infrastructure segment focuses on developing, building, operating, and investing in energy infrastructure projects. This segment plays a crucial role in enabling access to cleaner energy solutions in markets across the United States, Mexico, and internationally, driving forward sustainable energy initiatives.

Financial Performance

Recent Earnings Results

• Q2 2025: Sempra reported second-quarter 2025 earnings of $461 million, or $0.71 per diluted share.

• Q1 2025: First-quarter 2025 GAAP earnings were $906 million, or $1.39 per diluted share. On an adjusted basis, first-quarter 2025 earnings were $942 million, or $1.44 per diluted share.

• Full Year 2024: Full-year 2024 GAAP earnings were $2.82 billion, or $4.42 per diluted share. On an adjusted basis, full-year 2024 earnings were $2.97 billion, or $4.65 per diluted share.

• 2024 Revenue: In 2024, Sempra's revenue was $13.19 billion, a decrease of -21.14% compared to the previous year's $16.72 billion.

Earnings Guidance

Sempra is affirming its full-year 2025 adjusted EPS guidance range of $4.30 to $4.70, and full-year 2026 EPS guidance range of $4.80 to $5.30. The company anticipates guiding to the high-end or above its projected long-term EPS compound annual growth rate of 7% to 9% for the period of 2025 through 2029.

Major Capital Investments

Sempra is projecting a company-record five-year capital plan for 2025-2029, estimated at approximately $56 billion. This represents a 16% increase from its prior plan, with over 90% of projected capital expenditures earmarked for regulated utility investments in Texas and California.

Texas Grid Modernization

Oncor's initial System Resiliency Plan (SRP) received approval from the Public Utility Commission of Texas in November. Under this SRP, Oncor intends to invest nearly $3 billion in capital expenditures and over $500 million in incremental operations and maintenance expenses, with the majority of this spending scheduled to occur between the years 2025 through 2027.

Infrastructure Development Projects

Port Arthur LNG

The Port Arthur LNG Phase 2 development project is garnering significant commercial interest. Sempra Infrastructure continues to engage in substantial, active discussions with world-class companies for participation in the Phase 2 project. This project is already anchored by a non-binding Heads of Agreement (HOA) for LNG offtake and a proposed equity investment with a subsidiary of Saudi Aramco.

Dividend Information

Sempra's board of directors has declared a quarterly dividend of $0.645 per share on the company's common stock. This declared quarterly dividend represents an increase in the company's common stock dividend to $2.58 per share on an annualized basis, up from $2.48 per share in 2024.

Market Position and Recognition

Sempra has been recognized by Newsweek as one of America's Most Responsible Companies for the 6th consecutive year in 2025. Additionally, Sempra has been named one of the World's Best Companies by TIME and one of the World's Most Admired Companies by Fortune Magazine for the 5th consecutive year in 2025.

Sempra is a leading North American energy infrastructure company, strategically focused on delivering energy to nearly 40 million consumers. Its strong positioning across key growth markets in California, Texas, and Mexico, combined with a dedicated focus on regulated utility investments and cleaner energy infrastructure, solidifies its role as a significant player in North America's ongoing energy transformation.