Sempra (SRE) 10-Year Financial Performance & Capital Metrics

SRE • • Utilities

UtilitiesDiversified UtilitiesIntegrated Electric & Gas UtilitiesUS Multi-State Electric & Gas Utilities

AboutSempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment provides electric services; and supplies natural gas. It offers electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to a population of approximately 22 million covering an area of 24,000 square miles. The company's Sempra Texas Utilities segment engages in the regulated transmission and distribution of electricity serving 3.8 million homes and businesses, and operation of 140,000 miles of transmission and distribution lines. Its transmission system includes 18,249 circuit miles of transmission lines, a total of 1,174 transmission and distribution substations, and interconnection to 130 third-party generation facilities totaling 45,403 megawatts. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.Show more

Revenue $12.96B -18.0%
EBITDA $5.27B -0.5%
Net Income $2.86B -6.9%
Free Cash Flow -$3.31B -51.8%
EBITDA Margin 40.66% +21.3%
Net Margin 22.09% +13.5%
ROE 8.01% -18.0%
Interest Coverage 2.17 -10.7%
Debt/Equity 0.95 +2.7%
Net Debt/EBITDA 6.51 +11.8%
CapEx / Revenue 63.4% +19.3%
CapEx Coverage 0.60 -19.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓10 years of consecutive dividend growth
✓10 consecutive years of dividend growth
✓Healthy dividend yield of 2.6%
✓Trading near 52-week high

✗Weaknesses

✗High leverage: 6.8x Debt/EBITDA

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.64%

5Y3.69%

3Y-0.27%

TTM9.34%

Profit (Net Income) CAGR

10Y9.43%

5Y5.42%

3Y29.49%

TTM-26.35%

EPS CAGR

10Y6.68%

5Y3.94%

3Y30.19%

TTM-28.37%

ROCE

10Y Avg4.69%

5Y Avg4.56%

3Y Avg4.36%

Latest3.46%

Peer Comparison

US Multi-State Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MGEEMGE Energy, Inc.	2.92B	79.95	24.01	-1.95%	18.55%	10.37%	1.4%	0.64
SRESempra	59.77B	91.57	20.72	-18%	15.73%	5.37%		0.95
NWENorthwestern Energy Group Inc	4.2B	68.44	18.75	6.45%	13.82%	7.53%		1.09
BKHBlack Hills Corporation	5.52B	73.14	18.71	-8.73%	12.54%	7.4%		1.22
AVAAvista Corporation	3.26B	40.09	17.58	10.64%	9.14%	6.75%	0.03%	1.20
UTLUnitil Corporation	908.46M	50.71	17.31	-11.18%	9.32%	7.84%		1.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	10.18B	10.2B	11.2B	10.08B	10.81B	11.35B	13.06B	15.55B	15.8B	12.96B
Revenue Growth %	-0.08%	0%	0.1%	-0.1%	0.07%	0.05%	0.15%	0.19%	0.02%	-0.18%
Cost of Revenue	7.67B	8.08B	8.47B	7.85B	7.57B	8.07B	9.42B	11.39B	12.05B	9.43B
Gross Profit+	2.51B	2.12B	2.73B	2.23B	3.24B	3.28B	3.64B	4.16B	3.75B	3.52B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.15%	-0.16%	0.29%	-0.18%	0.45%	0.01%	0.11%	0.14%	-0.1%	-0.06%
Operating Expenses+	423M	426M	436M	472M	496M	543M	596M	635M	677M	693M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	3.34B	3B	3.78B	3.25B	4.31B	4.4B	4.9B	5.54B	5.3B	5.27B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.14%	-0.1%	0.26%	-0.14%	0.33%	0.02%	0.11%	0.13%	-0.04%	-0.01%
Depreciation & Amortization+	1.25B	1.31B	1.49B	1.49B	1.57B	1.67B	1.85B	2.02B	2.23B	2.44B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.09B	1.69B	2.29B	1.76B	2.75B	2.73B	3.05B	3.53B	3.07B	2.83B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.18%	-0.19%	0.36%	-0.23%	0.56%	-0%	0.11%	0.16%	-0.13%	-0.08%
Interest Expense+	549M	539M	655M	886M	1.07B	1.07B	1.19B	1.05B	1.26B	1.3B
Interest Coverage	3.80x	3.13x	3.50x	1.98x	2.56x	2.55x	2.57x	3.34x	2.43x	2.17x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	1000K	1000K
Pretax Income+	1.79B	1.91B	1.63B	889M	2.31B	2.5B	1.56B	2.84B	4.11B	3.72B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	341M	389M	1.28B	-49M	315M	249M	99M	556M	490M	219M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.35B	1.37B	257M	1.05B	2.2B	3.93B	1.32B	2.14B	3.08B	2.86B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.16%	0.02%	-0.81%	3.09%	1.09%	0.79%	-0.66%	0.62%	0.44%	-0.07%
EPS (Diluted)+	2.69	2.73	0.51	1.71	3.64	6.44	2.00	3.31	4.79	4.42
EPS Growth %	0.16%	0.01%	-0.81%	2.39%	1.13%	0.77%	-0.69%	0.65%	0.45%	-0.08%
EPS (Basic)	2.72	2.74	0.51	1.72	3.70	6.47	2.01	3.32	4.81	4.44
Diluted Shares Outstanding	501.85M	502.31M	504.6M	539.7M	564.07M	584.5M	626.07M	632.76M	632.73M	637.94M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	41.15B	47.79B	50.45B	60.64B	65.67B	66.62B	72.05B	78.57B	87.18B	96.16B
Asset Growth %	0.04%	0.16%	0.06%	0.2%	0.08%	0.01%	0.08%	0.09%	0.11%	0.1%
PP&E (Net)+	28.04B	32.93B	36.5B	34.44B	37.04B	40.55B	44.49B	48.44B	55.68B	62.61B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.89B	3.11B	3.34B	3.65B	3.34B	4.51B	4.38B	5.91B	5.47B	5.29B
Cash & Equivalents	403M	349M	288M	102M	108M	960M	559M	370M	236M	1.56B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	298M	258M	307M	258M	277M	308M	389M	403M	482M	559M
Other Current Assets	681M	880M	1.01B	1.62B	933M	914M	596M	1.38B	1.64B	423M
Long-Term Investments	3.97B	3.12B	3.56B	12.96B	15.1B	15.21B	15.81B	16.82B	17.65B	19.07B
Goodwill	819M	2.36B	2.4B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B	1.6B
Intangible Assets	404M	548M	596M	224M	213M	202M	370M	344M	318M	292M
Other Assets	5.03B	5.48B	3.89B	7.76B	8.22B	4.42B	5.24B	5.32B	6.33B	7.12B
Total Liabilities	28.57B	32.55B	35.31B	41.39B	43.86B	41.69B	44.63B	49.32B	53.53B	58.37B
Total Debt+	14.66B	17.12B	19.41B	24.57B	25.82B	24.21B	24.64B	28.92B	31.08B	35.85B
Net Debt	14.26B	16.77B	19.12B	24.47B	25.71B	23.25B	24.09B	28.55B	30.84B	34.28B
Long-Term Debt	13.13B	14.43B	16.45B	20.9B	20.79B	21.78B	21.07B	24.55B	27.76B	31.56B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	877M	1.41B	1.71B	1.29B	1.4B	1.81B	1.88B	2.42B
Total Current Liabilities+	4.61B	5.93B	6.63B	7.52B	9.15B	6.84B	10.04B	9.9B	10.09B	9.68B
Accounts Payable	1.13B	1.35B	1.35B	1.16B	1.23B	1.36B	1.67B	1.99B	2.21B	2.24B
Accrued Expenses	423M	409M	439M	440M	476M	446M	479M	484M	0	0
Deferred Revenue	0	0	0	0	-15M	0	0	0	0	0
Other Current Liabilities	1.53B	1.48B	1.88B	2.17B	2.33B	2.61B	4.31B	3B	3.64B	2.17B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	7.49B	8.26B	9.29B	10.62B	11.35B	10.2B	10.05B	10.28B	10.42B	11.29B
Total Equity+	12.58B	15.24B	15.14B	19.25B	21.8B	24.93B	27.42B	29.26B	33.65B	37.79B
Equity Growth %	0.04%	0.21%	-0.01%	0.27%	0.13%	0.14%	0.1%	0.07%	0.15%	0.12%
Shareholders Equity	11.83B	12.97B	12.69B	17.16B	19.95B	23.39B	26B	27.14B	28.7B	31.24B
Minority Interest	750M	2.27B	2.45B	2.09B	1.86B	1.54B	1.42B	2.12B	4.96B	6.55B
Common Stock	2.62B	2.98B	3.15B	5.54B	7.48B	7.05B	11.86B	12.16B	12.2B	13.52B
Additional Paid-in Capital	0	0	0	5.54B	0	0	0	0	0	0
Retained Earnings	9.99B	10.72B	10.15B	10.1B	11.13B	13.67B	13.55B	14.2B	15.73B	16.98B
Accumulated OCI	-806M	-748M	-626M	-764M	-939M	-500M	-318M	-135M	-150M	-166M
Return on Assets (ROA)	0.03%	0.03%	0.01%	0.02%	0.03%	0.06%	0.02%	0.03%	0.04%	0.03%
Return on Equity (ROE)	0.11%	0.1%	0.02%	0.06%	0.11%	0.17%	0.05%	0.08%	0.1%	0.08%
Debt / Equity	1.17x	1.12x	1.28x	1.28x	1.18x	0.97x	0.90x	0.99x	0.92x	0.95x
Debt / Assets	0.36%	0.36%	0.38%	0.41%	0.39%	0.36%	0.34%	0.37%	0.36%	0.37%
Net Debt / EBITDA	4.27x	5.59x	5.06x	7.53x	5.96x	5.28x	4.91x	5.15x	5.82x	6.51x
Book Value per Share	25.07	30.34	30	35.66	38.66	42.66	43.8	46.24	53.19	59.23

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.9B	2.34B	3.63B	3.52B	3.09B	2.59B	3.84B	1.14B	6.22B	4.91B
Operating CF Growth %	0.34%	-0.19%	0.55%	-0.03%	-0.12%	-0.16%	0.48%	-0.7%	4.44%	-0.21%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.45B	1.52B	382M	1.05B	2B	4.11B	1.46B	2.29B	3.62B	3.5B
Depreciation & Amortization	1.25B	1.31B	1.44B	1.49B	1.57B	1.67B	1.85B	2.02B	2.23B	2.44B
Deferred Taxes	239M	217M	889M	-182M	189M	159M	-78M	392M	249M	-20M
Other Non-Cash Items	-279M	-756M	836M	671M	-184M	-3.1B	-44M	397M	-791M	-484M
Working Capital Changes	188M	0	0	404M	-560M	-306M	583M	-4.02B	835M	-612M
Capital Expenditures+	-3.16B	-4.21B	-3.71B	-3.78B	-3.71B	-4.68B	-5.01B	-5.36B	-8.4B	-8.21B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-2.87B	-4.83B	-4.7B	-1.54B	-4.59B	553M	-5.51B	-5.04B	-8.72B	-9.12B
Acquisitions	173M	-1.5B	-148M	-10.38B	-1.8B	-652M	0	0	0	0
Purchase of Investments	-531M	-1.2B	-1.58B	-11.06B	-2.71B	-2.09B	-1.59B	-1.08B	-992M	-1.88B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	69M	947M	-334M	22.55B	2.71B	6.53B	102M	632M	12M	32M
Cash from Financing+	-173M	2.5B	1.19B	8.85B	1.48B	-2.37B	1.26B	3.78B	2.42B	5.42B
Dividends Paid	-629M	-686M	-756M	-966M	-1.14B	-1.33B	-1.43B	-1.47B	-1.53B	-1.54B
Dividend Payout Ratio %	0.47%	0.5%	2.94%	0.84%	0.45%	0.3%	1.01%	0.67%	0.48%	0.52%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K	1000K
Stock Issued	52M	51M	47M	2.27B	1.83B	11M	5M	4M	145M	1.22B
Share Repurchases	-74M	-56M	-15M	-21M	-26M	-566M	-339M	-478M	-32M	-43M
Other Financing	-38M	1.66B	282M	-194M	1.35B	194M	2.83B	1.52B	2.05B	1.01B
Net Change in Cash+	-160M	-25M	-61M	-118M	-29M	768M	-404M	-119M	-73M	1.2B
Exchange Rate Effect	-1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K
Cash at Beginning	570M	403M	425M	364M	246M	217M	985M	581M	462M	389M
Cash at End	403M	425M	364M	246M	217M	985M	581M	462M	389M	1.59B
Free Cash Flow+	-258M	-1.9B	-324M	-28M	-620M	-2.08B	-1.17B	-4.21B	-2.18B	-3.31B
FCF Growth %	0.73%	-6.38%	0.83%	0.91%	-21.14%	-2.36%	0.44%	-2.59%	0.48%	-0.52%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	10.94%	9.86%	1.69%	6.11%	10.71%	16.83%	5.04%	7.55%	9.78%	8.01%
EBITDA Margin	32.8%	29.44%	33.76%	32.23%	39.91%	38.77%	37.54%	35.65%	33.52%	40.66%
Net Debt / EBITDA	4.27x	5.59x	5.06x	7.53x	5.96x	5.28x	4.91x	5.15x	5.82x	6.51x
Interest Coverage	3.80x	3.13x	3.50x	1.98x	2.56x	2.55x	2.57x	3.34x	2.43x	2.17x
CapEx / Revenue	31.02%	41.33%	35.27%	35.22%	34.3%	41.19%	38.4%	34.44%	53.14%	63.4%
Dividend Payout Ratio	46.52%	50.04%	293.77%	83.52%	45.18%	29.85%	100.99%	66.85%	48.23%	52.38%
Debt / Equity	1.17x	1.12x	1.28x	1.28x	1.18x	0.97x	0.90x	0.99x	0.92x	0.95x
EPS Growth	16.12%	1.46%	-81.48%	239.01%	112.8%	76.76%	-68.9%	65.22%	44.71%	-7.7%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
So Cal Gas	4.14B	3.98B	3.79B	-	5.6B	5.8B	6.97B	8.53B	9.69B	7.31B
So Cal Gas Growth	-	-3.94%	-4.88%	-	-	3.57%	20.24%	22.33%	13.63%	-24.56%
Electricity	-	-	-	6.23B	4.54B	4.51B	4.71B	5.2B	5.16B	4.51B
Electricity Growth	-	-	-	-	-27.01%	-0.68%	4.28%	10.41%	-0.69%	-12.61%
Utilities Service Line	-	-	-	9.88B	-	-	-	-	-	-
Utilities Service Line Growth	-	-	-	-	-	-	-	-	-	-
Natural Gas	-	-	-	4.8B	-	-	-	-	-	-
Natural Gas Growth	-	-	-	-	-	-	-	-	-	-
Midstream Service LIne	-	-	-	716M	-	-	-	-	-	-
Midstream Service LIne Growth	-	-	-	-	-	-	-	-	-	-
Other Service Line	-	-	-	276M	-	-	-	-	-	-
Other Service Line Growth	-	-	-	-	-	-	-	-	-	-
Renewables Service LIne	-	-	-	154M	-	-	-	-	-	-
Renewables Service LIne Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Entity-Wide Disclosure On Geographic Areas, United States	-	-	-	8.84B	9.57B	10.21B	11.15B	13.02B	14.97B	11.62B
Entity-Wide Disclosure On Geographic Areas, United States Growth	-	-	-	-	8.30%	6.59%	9.30%	16.68%	15.04%	-22.37%
Entity-Wide Disclosure On Geographic Areas Mexico	-	-	-	1.26B	1.25B	1.17B	1.7B	1.42B	1.75B	1.56B
Entity-Wide Disclosure On Geographic Areas Mexico Growth	-	-	-	-	-0.55%	-7.17%	46.18%	-16.38%	22.68%	-10.59%
South America	-	-	-	1.58B	-	-	-	-	-	-
South America Growth	-	-	-	-	-	-	-	-	-	-
Sempra South American Utilities	1.54B	1.56B	1.57B	-	-	-	-	-	-	-
Sempra South American Utilities Growth	-	0.78%	0.71%	-	-	-	-	-	-	-
Sempra Mexico	669M	725M	1.2B	-	-	-	-	-	-	-
Sempra Mexico Growth	-	8.37%	64.97%	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Sempra (SRE) has a price-to-earnings (P/E) ratio of 20.7x. This is roughly in line with market averages.

Growth & Financials

Sempra (SRE) reported $13.73B in revenue for fiscal year 2024. This represents a 37% increase from $10.01B in 2011.

Sempra (SRE) saw revenue decline by 18.0% over the past year.

Yes, Sempra (SRE) is profitable, generating $2.16B in net income for fiscal year 2024 (22.1% net margin).

Dividend & Returns

Yes, Sempra (SRE) pays a dividend with a yield of 2.57%. This makes it attractive for income-focused investors.

Sempra (SRE) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.

Sempra (SRE) had negative free cash flow of $4.91B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Sempra (SRE) has a dividend payout ratio of 52%. This suggests the dividend is well-covered and sustainable.

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