Sempra (SRE) Q1 2025 10-Q Quarterly Report

Filed: May 8, 2025Period ending Mar 31, 2025
Utilities
Gas & Other Services CombinedSEC EDGAR

Sempra (SRE) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on May 8, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Sempra Q1 2025 10-Q Analysis

Risk Factors

  • New regulatory risk from 2025 Energy Laws in Mexico increasing government control, possibly reducing infrastructure operating levels and new project development
  • Most updated regulatory risk: Mexican Constitution and energy law reforms in 2024-2025 shifting state enterprises (CFE, PEMEX) to federal agencies
  • Legal risk from unresolved land disputes and environmental/social permit challenges potentially harming ECA Regas Facility operations
  • Market risk: Oncor’s five-year capital plan likely exceeding prior $12B target due to accelerated transmission projects by PUCT
  • Financial risk: Capital expenditures planned at $12.5B for 2025 with potential increase linked to Oncor’s expanding capital needs and financing availability

Sempra Q1 2025 Quarterly Financials
XBRL

Revenue

$3.7B

-0.4% YoY

Net Income

$917M

+12.9% YoY

Net Margin

24.9%

+295bp YoY

Source: XBRL data from Sempra Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.

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