Sempra's Stock Analysis

Sempra Raises $800 Million Through Junior Subordinated Notes

Sempra has successfully completed a public offering of $800 million in 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, which are due in 2056. After deducting underwriting discounts and estimated offering expenses, the net proceeds are approximately $792 million. The company plans to utilize these proceeds to partially redeem its outstanding 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C, pending board approval.

The notes will accrue interest from August 29, 2025, at a fixed rate of 6.375% until April 1, 2031, after which the interest rate will reset based on the Five-year U.S. Treasury Rate plus a spread. Sempra has the option to defer interest payments for up to 20 consecutive semi-annual periods and can redeem the notes under specified conditions. The offering was managed by several underwriters, including Barclays Capital Inc. and Citigroup Global Markets Inc.

Aug 29, 2025 16:20:22

Sempra Reports Increased Earnings and Strategic Investments for 2025

Sempra announced its first-quarter 2025 earnings of $906 million, or $1.39 per diluted share, up from $801 million, or $1.26 per diluted share in the same quarter of 2024. Adjusted earnings for the quarter were $942 million, or $1.44 per diluted share, compared to $854 million, or $1.34 per diluted share in the prior year. The company highlighted its commitment to a disciplined growth strategy and continued progress on strategic initiatives aimed at delivering reliable energy to nearly 40 million consumers.

In Texas, Oncor Electric Delivery Company is advancing a $36.1 billion capital plan to meet rising electricity demand, with a notable increase in active transmission requests. In California, Sempra's utilities are modernizing energy networks and have filed for updated capital costs. The company is also progressing on five infrastructure construction projects in the LNG and energy sectors. Sempra updated its full-year 2025 earnings guidance to a range of $4.25 to $4.65 per share, affirming its growth strategy and value creation initiatives aimed at enhancing long-term shareholder value.

May 08, 2025 10:53:36

Sempra Adjusts EPS Guidance and Increases Capital Plan to $56B

Sempra reported full-year 2024 earnings of $2.82 billion, or $4.42 per diluted share, a decrease from $3.03 billion or $4.79 per diluted share in 2023. Adjusted earnings for 2024 were $2.97 billion, or $4.65 per diluted share, slightly up from $2.92 billion or $4.61 per diluted share in the previous year. The company announced a record five-year capital plan of $56 billion and increased its long-term EPS growth rate to 7%-9%. Sempra also revised its 2025 EPS guidance to a range of $4.30 to $4.70 and issued a new 2026 EPS guidance of $4.80 to $5.30, reflecting a 12% year-over-year increase from the midpoint of 2025 guidance.

However, Sempra's fourth-quarter earnings of $665 million, or $1.04 per diluted share, were lower compared to $737 million or $1.16 per diluted share in the fourth quarter of 2023. The company faced challenges including regulatory disallowances and foreign currency impacts, which affected overall financial performance. Additionally, the impact of inflation and recent regulatory decisions has led to adjustments in earnings guidance, highlighting the company's need to navigate a higher-cost environment.

Feb 25, 2025 10:54:18

Sempra Reports Q3 2024 Earnings of $638 Million

Sempra reported third-quarter 2024 earnings of $638 million, or $1.00 per diluted share, which is a decrease from $721 million, or $1.14 per diluted share, in the same quarter of 2023. Adjusted earnings also fell to $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in the prior year. The company highlighted its focus on operational improvements and customer service, with significant investments in energy infrastructure showing positive impacts on customer reliability during peak demand periods in California and Texas.

On the negative side, Sempra's earnings for the first nine months of 2024 were $2.152 billion, down from $2.293 billion in the same period in 2023. The company faced challenges including impacts from foreign currency and inflation on its monetary positions in Mexico, which affected both quarterly and year-to-date results. Additionally, the pending general rate case decision from the California Public Utilities Commission could influence future revenues, and the company’s adjusted earnings for the year also reflected a decline compared to the previous year.

Nov 06, 2024 10:50:41

Sempra Reports Strong Q2 Earnings Amid Growth Plans

Sempra's second-quarter 2024 earnings rose to $713 million, up from $603 million a year prior. The company is optimistic about future growth, driven by demand for cleaner energy and infrastructure investments. However, adjusted earnings slightly declined compared to last year, and ongoing challenges in construction projects were noted. Notably, Oncor reached a significant settlement for a $3 billion resiliency plan, enhancing its investment prospects.

Aug 06, 2024 10:54:23

Sempra Reports Strong First-Quarter 2024 Results

Sempra reported a solid start in 2024 with $801 million earnings in the first quarter, focusing on infrastructure development for clean energy goals and grid modernization. Sempra Infrastructure reached a significant milestone with the Cimarrón Wind Farm project. The company is on track with LNG facilities construction. Sempra reaffirmed its earnings guidance for 2024 and 2025, expecting a 6-8% long-term EPS growth rate.

May 07, 2024 11:02:48

Sempra Reports Strong Financial Growth and Increased Capital Plan

Sempra reported a 20% increase in its capital plan to $48 billion, raised its common stock dividend for the 14th consecutive year, and provided narrowed 2024 guidance. The company's CEO highlighted improved business performance and a commitment to long-term returns. Sempra's three growth platforms are progressing well, with significant investments in energy infrastructure. Notable achievements include recognition for sustainability and innovation in California, substantial investments in Texas, and progress in LNG projects. The company's financial and operational performance in 2023 was strong, reflecting its focus on growth and sustainability.

Feb 27, 2024 10:55:00