SRE Sempra

FY2024 10-K
Filed: Feb 25, 2025
Utilities
Gas & Other Services CombinedSEC EDGAR

Sempra (SRE) filed its fiscal year 2024 10-K annual report with the SEC on Feb 25, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

Business Overview

  • Core business model: Energy infrastructure company focusing on regulated utilities and energy services across North America
  • No new products, services, or segments explicitly introduced or emphasized in 2025 filing
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Management Discussion & Analysis

  • No revenue or net income figures disclosed; focus on currency and inflation impact
  • Inflationary pressure on SDG&E, SoCalGas and Sempra Texas Utilities increasing costs; partial rate recovery risks noted
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Risk Factors

  • Regulatory risk from CPUC and FERC rulings affecting rate base recovery for SDG&E and SoCalGas, with weighted-average rate base rising $2.2B in 2024
  • Macroeconomic exposure to escalation in SONGS nuclear decommissioning costs, with $471M ARO liability increasing $62M per 1% cost escalation rise
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Financial Summary
XBRL

Revenue

$11.8B

Net Income

$2.9B

Net Margin

24.2%

ROE

9.2%

Total Assets

$96.2B

EPS (Diluted)

$4.42

Operating Cash Flow

$4.9B

Source: XBRL data from Sempra FY2024 10-K filing on SEC EDGAR. All figures in USD.

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