SRE at a glance
Sempra (SRE, SEC CIK 1032208) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Sempra (SRE) reported revenue of $12.4 billion (up 5.1% from FY2024) and net income of $1.8 billion. Diluted EPS was $2.75.
- As of June 30, 2026, 45 institutional investment managers tracked by SignalX reported holding Sempra (SRE) shares worth $29.7 billion in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $12.4B
- +5.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 45 funds
- $29.7B · +0 vs prior quarter
- Latest 8-K
- Aug 6, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- California Wildfire Legislation (2019 & 2025) creates strict inverse condemnation liability for SDG&E/SoCalGas; Wildfire Fund potentially near exhaustion after ~$1.26B in prior IOU claims
- U.S. tariffs on steel, aluminum, copper, and threatened tariffs on power grid equipment directly impact LNG construction costs; China retaliatory tariff on U.S. LNG threatens SI Partners export demand
- Mexico's 2025 Energy Laws grant broad permit revocation powers and preferential treatment to CFE/PEMEX, threatening SI Partners' $9.99B asset base and development pipeline
- Sempra holding-company structure dependent on subsidiary distributions; S&P revised outlook to negative Jan 2025, Moody's followed Mar 2025, citing SoCalGas credit downgrade and wildfire exposure
- 4,996,591 shares outstanding under ATM forward sale agreements subject to forced physical settlement at counterparty discretion, risking EPS dilution outside Sempra's control
Management Discussion & Analysis
- Earnings attributable to common shares fell to $1,796M vs $2,817M in 2024, down 36% YoY, hit by $703M tax charge from SI Partners/Ecogas held-for-sale classification
- Worst segment: Sempra Infrastructure swung to $(160)M loss vs $911M earnings in 2024; best segment: Sempra Texas Utilities up 10% to earnings growth driven by UTM, rate updates and customer growth
- Sempra California earnings dropped $418M (23%) to $1,428M, primarily from $432M after-tax regulatory disallowance charge tied to 2024 GRC Track 2 WMP cost ruling
- Capex $10.6B for PP&E in 2025 vs $8.2B in 2024; total capital including investments $12.6B; dividends paid $1,603M common + $40M preferred; $900M preferred stock redeemed; common stock buybacks only $58M
- Forward: $8.6B capex planned 2026, $38.7B over 2026–2030; key risks include Wildfire Fund depletion (LA Fires claims from other IOUs ~$1.4B), Oncor rate case settlement seeking ~$560M annualized revenue increase pending PUCT approval in H1 2026
Business Overview
- Holding company owning CA/TX regulated utilities (SDG&E, SoCalGas, 80.25% Oncor) plus LNG and energy infrastructure via Sempra Infrastructure
- Landmark portfolio restructuring: agreed Sept 2025 to sell 45% SI Partners stake to KKR for $9.99B, reducing Sempra ownership from 70% to 25% with KKR assuming control; Ecogas sale separately agreed for ~$500M (9.0B Mexican pesos)
- PA LNG Phase 2 FID reached Sept 2025: construction commenced on 2-train, ~13 Mtpa nameplate facility with offtake SPAs to ConocoPhillips, EQT, and JERA; ECA LNG Phase 1 achieved mechanical completion Dec 2025, first LNG cargoes targeted spring 2026
- Texas UTM legislation signed 2025 enabling Oncor to file single annual interim rate update through 2035 for T&D capital recovery: Oncor's first filing anticipated March 2026 for assets placed in service 2025
- Total Sempra headcount 15,938 (excluding equity method investees), with 3,048 employees inside the SI Partners disposal group classified as held for sale
AI summary of the SRE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Inflationary pressures across natural gas, fuel, labor, materials, equipment and supplies
- Sempra Texas Utilities non-reconcilable costs potentially unrecovered through rates
- Regulatory lag potentially affecting Sempra Texas Utilities results and cash flows
- SI Partners contract adjustments and EPC hedging partially mitigating inflation exposure
- Continued inflation potentially affecting Sempra results, financial condition and prospects
Risk Factors
- No risk-factors section provided; submitted text covers Item 5, exhibits, and signatures
- New insider-trading disclosure: Jeffrey W. Martin adopted a Rule 10b5-1 arrangement on May 12, 2026
- Planned sales include 20,985 owned shares and 60,043 performance-based RSUs
- RSU vesting exposure: 0% to 200% of target based on three-year shareholder-return performance through January 4, 2027
AI summary of the SRE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Sempra reported financial results for the three and six months ended June 30, 2026
- Exhibit 99.1 contains the detailed earnings release and operating results
Item EX-99.1: Item EX-99.1
- Q2 GAAP EPS $1.21 versus $0.71; adjusted EPS $1.16 versus $0.89, signaling stronger operating performance
- Six-month adjusted EPS $2.67 versus $2.34, supporting reaffirmed full-year adjusted EPS guidance of $4.80-$5.30
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Justin C. Bird appointed Sempra Executive Vice President and CFO, effective around the planned third-quarter 2026 infrastructure-partner stake sale
- Karen L. Sedgwick moving from CFO to CEO and President of Southern California Gas Company
Item 7.01: Regulation FD Disclosure
- Reg FD section contains no new operating, financial, or guidance disclosure for Sempra
- Forward-looking risk emphasis: California wildfire liability, regulatory cost recovery, insurance availability, and permitting
AI summaries of SRE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SRE
Don't miss the next SRE filing
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- Fund moves. Which tracked funds opened, added or cut SRE, by share count.
- Ask anything. An AI agent that reads every SRE filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Sagara Kevin C. | A | Oct 1, 2026 | 160.15 | $78.05 |
| MEARS MICHAEL N | A | Oct 1, 2026 | 160.15 | $78.05 |
| Kirk Jennifer M | A | Oct 1, 2026 | 160.15 | $78.05 |
| WARNER CYNTHIA J | A | Oct 1, 2026 | 371.56 | $78.05 |
| Ferrero Pablo | A | Oct 1, 2026 | 160.15 | $78.05 |
| CONESA ANDRES | A | Oct 1, 2026 | 160.15 | $78.05 |
| Weaving Anya | A | Oct 1, 2026 | 160.15 | $78.05 |
| Taylor Jack T | A | Oct 1, 2026 | 160.15 | $78.05 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|
| Profitability | ||||
| Revenue | $14.8B | $11.8B | $12.4B | |
| Net Income | $3.1B | $2.9B | $1.8B | |
| Net Margin | 20.7% | 24.2% | 14.8% | |
| Balance Sheet | ||||
| Total Assets | $87.2B | $96.2B | $110.9B | |
| Equity | $28.7B | $31.2B | $31.6B | |
| ROE | 10.7% | 9.2% | 5.8% | |
| Per Share | ||||
| EPS | $4.79 | $4.42 | $2.75 | |
| Cash Flow | ||||
| Operating CF | $6.2B | $4.9B | $4.6B | |
Source: XBRL data in Sempra (SRE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SRE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 45 | $29.71B |
| Q1 2026 | 45 | $29.53B |
| Q4 2025 | 43 | $25.26B |
| Q3 2025 | 44 | $27.78B |
| Q2 2025 | 41 | $21.08B |
| Q1 2025 | 36 | $14.05B |
| Q4 2024 | 31 | $13.65B |
| Q3 2024 | 27 | $5.65B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 312 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SRE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| SC 13G | Jul 31, 2026 | - | - | |
| 8-K | Jul 9, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jul 2, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 8-K | Jun 9, 2026 | - | Analysis |
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SRE SEC filings: frequently asked questions
Which institutions hold SRE stock?
As of June 30, 2026, the largest Sempra (SRE) holders among the 13F filers tracked by SignalX were BlackRock ($5.6 billion), Vanguard Capital Management LLC ($4.0 billion), State Street Corp ($3.5 billion), Vanguard Portfolio Management LLC ($3.5 billion), Morgan Stanley ($2.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SRE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Sempra (SRE) reported revenue of $12.4 billion (up 5.1% from FY2024) and net income of $1.8 billion. Diluted EPS was $2.75. The figures come from the XBRL data in the 10-K.
What are the main risks in SRE's latest 10-K?
In the 10-K filed February 26, 2026, Sempra (SRE) flagged: California Wildfire Legislation (2019 & 2025) creates strict inverse condemnation liability for SDG&E/SoCalGas; Wildfire Fund potentially near exhaustion after ~$1.26B in prior IOU claims. U.S. tariffs on steel, aluminum, copper, and threatened tariffs on power grid equipment directly impact LNG construction costs; China retaliatory tariff on U.S. LNG threatens SI Partners export demand. (AI summary of the Risk Factors section.)
What did SRE report in its latest 8-K?
Sempra (SRE) filed an 8-K on August 6, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Sempra reported financial results for the three and six months ended June 30, 2026.
What are the latest SRE SEC filings?
Sempra (SRE) filed its latest 10-K annual report on February 26, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on August 6, 2026 and a Form 4 insider filing on October 2, 2026.
What is SRE's SEC CIK number?
Sempra (SRE)'s SEC Central Index Key (CIK) is 1032208. EDGAR lists every SRE filing under that number.
Ask anything about SRE
The research agent reads SRE's filings, financials, insider trades and 13F holders, then answers with sources.