Global Finance News
09 May 2025, 10:26
Sempra Q1 2025 Earnings: Solid Results Support Guidance as Strategic Investments Advance
Sempra reported GAAP net income of $906 million ($1.39 per diluted share) for Q1 2025, up from $801 million ($1.26) in the prior-year quarter. Adjusted earnings rose to $942 million ($1.44 per share), compared to $854 million ($1.34) in Q1 2024. The growth was driven by stronger performance across all three core segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure.
Key Segment Highlights:
• Sempra California posted $724 million in earnings (vs. $582M in Q1 2024), supported by approvals for battery storage expansion and renewable gas initiatives.
• Sempra Texas Utilities (Oncor) earned $146 million (vs. $183M), as it accelerated capital investment to meet Texas' record electricity demand and prepare for a $35B transmission expansion.
• Sempra Infrastructure delivered $146 million in earnings (vs. $131M), with steady progress on five LNG and energy infrastructure projects in the U.S. and Mexico.
Revenue rose to $3.80 billion (from $3.64B), and cash from operations was $1.48 billion, though free cash flow was negative due to $2.34 billion in capex and $486 million in infrastructure investment. Sempra reaffirmed its 2025 adjusted EPS guidance of $4.30–$4.70 and expects full-year GAAP EPS of $4.25–$4.65.
Additionally, the company plans to divest Ecogas México and a minority stake in Sempra Infrastructure Partners over the next 12–18 months to streamline operations and improve EPS and credit metrics.
Sempra reported GAAP net income of $906 million ($1.39 per diluted share) for Q1 2025, up from $801 million ($1.26) in the prior-year quarter. Adjusted earnings rose to $942 million ($1.44 per share), compared to $854 million ($1.34) in Q1 2024. The growth was driven by stronger performance across all three core segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure.
Key Segment Highlights:
• Sempra California posted $724 million in earnings (vs. $582M in Q1 2024), supported by approvals for battery storage expansion and renewable gas initiatives.
• Sempra Texas Utilities (Oncor) earned $146 million (vs. $183M), as it accelerated capital investment to meet Texas' record electricity demand and prepare for a $35B transmission expansion.
• Sempra Infrastructure delivered $146 million in earnings (vs. $131M), with steady progress on five LNG and energy infrastructure projects in the U.S. and Mexico.
Revenue rose to $3.80 billion (from $3.64B), and cash from operations was $1.48 billion, though free cash flow was negative due to $2.34 billion in capex and $486 million in infrastructure investment. Sempra reaffirmed its 2025 adjusted EPS guidance of $4.30–$4.70 and expects full-year GAAP EPS of $4.25–$4.65.
Additionally, the company plans to divest Ecogas México and a minority stake in Sempra Infrastructure Partners over the next 12–18 months to streamline operations and improve EPS and credit metrics.
