SEMPRA FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $12.4B |
| Gross margin | — not reported |
| Operating income | — not reported |
| Net income | $1.8B |
| Diluted EPS | $2.75 |
| Cash & equivalents | $29.0M |
| Total assets | $110.9B |
| Long-term debt | $29.0B |
Key takeaway
Sempra's utilities (SDG&E, SoCalGas, Oncor, Sharyland) operate under state and federal rate regulation that sets returns on equity and capital structures, directly shaping earnings.
🔒 4 more takeaways in the full analysis
Beneath the surface
Cash of only $29 million against $28.98 billion in long-term debt implies Sempra relies heavily on external financing and operating cash flow rather than a cash buffer, a stark net-debt position not evident from headline figures alone.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for SRE.
Read the full analysis free Free account · 5 full analyses included · no card required