Sempra Energy Reports Strong First-Quarter 2025 Results

Sempra Energy ( (SRE) ) has released its Q1 earnings. Here is a breakdown of the information Sempra Energy presented to its investors.

Sempra is a leading North American energy infrastructure company, delivering energy to nearly 40 million consumers across significant economic markets including California, Texas, and Mexico. The company is recognized for its commitment to sustainable business practices and operational excellence.

In its first-quarter 2025 earnings report, Sempra announced a solid financial performance with GAAP earnings of $906 million, or $1.39 per diluted share, an increase from the previous year’s $801 million, or $1.26 per diluted share. Adjusted earnings also rose to $942 million, or $1.44 per diluted share, compared to $854 million, or $1.34 per diluted share, in 2024.

Key highlights from the report include Sempra’s strategic initiatives in Texas and California. Oncor Electric Delivery Company LLC is advancing its $36.1 billion five-year capital plan in Texas, responding to significant growth in electricity demand. In California, Sempra’s utilities are modernizing energy networks and expanding renewable energy projects, such as the expansion of the Westside Canal Battery Energy Storage facility.

Sempra Infrastructure is progressing with significant construction projects, including the Energía Costa Azul LNG Phase 1 and Port Arthur LNG Phase 1, both on track for future operations. The company is also targeting the sale of certain assets in Mexico, expected to enhance earnings and credit.

Looking ahead, Sempra has updated its full-year 2025 GAAP EPS guidance to $4.25 – $4.65 and affirmed its adjusted EPS guidance range of $4.30 to $4.70. The company remains focused on its growth strategy, aiming to deliver improved earnings growth and enhanced benefits for its stakeholders.