Short answer
Sempra (SRE) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.8B (up 7.3% year over year) with net income of $95M.
Q3 2025 key financials · XBRL
- Revenue
- $2.8B
- +7.3% YoY · +2.1% QoQ
- Net income
- $95M
- −85.4% YoY · −79.9% QoQ
- EPS (diluted)
- $0.12
- −88.0% YoY · −82.9% QoQ
Source: XBRL data from the Sempra (SRE) Q3 2025 10-Q on SEC EDGAR. USD.
Sempra Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- No profitability or margin figures or changes reported in excerpt
- Capital recycling program includes planned asset sales: 45% SI Partners stake for $9.99B (expected close 2026), Ecogas sale planned in 2026
- Tariffs and trade actions pose risks to LNG export demand, project costs, and construction timelines; potential material adverse effects noted
- No updated guidance or specific near-term outlook commentary included
Risk Factors
- New risk: 2025 Mexican Energy Laws and regulations increase government control, preferential treatment for state-owned companies, and reduce permit terms, creating operational uncertainties
- Most updated risk: Extended regulatory discretion in Mexico due to constitutional reforms and new laws, potentially impacting permit validity and project development timelines
- Regulatory risk: Enforcement of 2025 Energy Laws could materially reduce Sempra Infrastructure’s revenues and asset recovery in Mexico, affecting financial condition
- Operational risk: Land disputes and environmental/social permit challenges at Energía Costa Azul may materially disrupt regasification operations and liquefaction projects
- Financial risk: Nine months 2025 cash flow from operating activities declined $166M YoY to $3.376B; investing activities outflow increased $2.309B to $(8.605)B driven by higher capital expenditures and Oncor contributions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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