Sempra (SRE) 10-K Summaries & Annual Filing History
Review Sempra (SRE) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Sempra is a North American energy infrastructure company filing its FY2025 10-K. The filing describes its business, key financial metrics, risk factors, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$12.4B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.8B
Net income reported for the year.
Operating cash flow
$4.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $13.7B | +17.5% |
| Dec 31, 2023 | $14.8B | +8.2% |
| Dec 31, 2024 | $11.8B | -20.4% |
| Dec 31, 2025 | $12.4B | +5.1% |
Business overview
The company operates in the energy infrastructure sector, focusing on regulated and non-regulated activities. Business details are set forth in Item 1 of the filing, which describes operations across multiple registrants. The overview covers the company's structure and principal operations.
Financial performance
Reported revenue decreased meaningfully from two periods ago before rising moderately in the latest year. Net income stood at the reported amount while operating cash flow reached the stated figure. The trend shows revenue volatility over recent annual periods.
Material risks
Risk factors are detailed in Item 1A of the filing, covering operational, regulatory, and market exposures. The company faces risks inherent in energy infrastructure, including regulatory changes and economic conditions. No specific risk is highlighted beyond the general factors described in that section.
Liquidity and capital
Capital resources and liquidity are discussed in Item 7, which addresses financial condition and results of operations. The discussion covers the company's ability to fund operations and investments, though specific capital allocation plans are not detailed in the provided text.
What to watch
A notable item to monitor is the trend in operating cash flow, as it directly supports capital expenditures and dividend payments.