Screener / SEC EDGAR /CIK 0001032208 /10-K filed Feb 26, 2026, compared with Feb 25, 2025 /Numbers from the XBRL of the 10-Ks

NYSE Utilities · Gas Utilities

Sempra SRE

New risk paragraphs 38 Not in last year's 10-K Accounting checks 1 worth reading about, of 11 checks Insider buys 0 open-market, last 90 days Filings 3 in the last 30 days

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Cash returned and share count, year to Dec 31, 2025

Bought back $58.0M of its own shares, 0.9× what it paid in stock

XBRL, latest 10-K

Buybacks $58.0M cash paid for its own shares

Paid in stock to employees $64.0M stock-based compensation

Share count, 1 year +2.5% more shares: owners are diluted

Share count, 3 years +3.3% diluted average shares

New shares against shares bought back

Dilution: new shares, stock pay and buybacks · S-3 and 424B, 3 years; 10-K

Shares offered

Since Nov 15, 2023: 1 at-the-market program, 1 shelf registration. Latest at-the-market program for common stock: Nov 6, 2024, up to $3.0B.

May 15, 2026 Shelf registration: shares and other securities, amount not fixed S-3ASR
Nov 6, 2024 At-the-market program: up to $3.0B of common stock 424B5

“We may offer and sell our common stock, preferred stock, debt securities, purchase contracts, units, depositary shares and warrants from time to time in one or more offerings.”
S-3ASR, May 15, 2026

Every offering filing

Paid in stock

$64.0M

stock-based pay, year to Dec 31, 2025; shares sold for $32.0M in cash

Bought back

$58.0M

cash paid for its own shares, year to Dec 31, 2025: 0.9× the stock pay

Diluted shares: 653.83M in the year to Dec 31, 2025 2025 +2.5%2024 +0.8%2023 0.0%2022 +1.1%

Change in the diluted weighted average share count from the fiscal year before, stock splits taken out. Bars use one scale for stock pay and buybacks. Prospectuses are read from their cover page; preliminary ones are left out. How

Net share count, 4 years

Shares, buybacks and stock pay, fiscal years 2021 to 2025 · 10-K XBRL

+4.4% shares

Share count +4.4% diluted average shares, 4 years to Dec 31, 2025, splits taken out

Bought back $611.0M cash paid for its own shares, summed over the 4 years

Paid in stock $301.0M stock-based compensation, and $1.4B received for shares sold, summed over the same years

Fiscal year	Shares, change	Bought back	Paid in stock	Cash from shares sold
Dec 31, 2025	+2.5%	$58.0M	$64.0M	$32.0M
Dec 31, 2024	+0.8%	$43.0M	$86.0M	$1.2B
Dec 31, 2023	0.0%	$32.0M	$80.0M	$145.0M
Dec 31, 2022	+1.1%	$478.0M	$71.0M	$4.0M

Each year's change is the diluted weighted average share count against the year before, with stock splits taken out; the headline change compares the two ends of the span on one basis. Buybacks and stock pay are added up over the same years. Buybacks that only offset stock pay leave the count flat: both are shown, no verdict. How

Where the cash came from and where it went

FY2021 to FY2025, from the cash flow statements in the 10-Ks, added up

Last year 3 years 5 years 10 years

The same cash, step by step

Came from

Operating cash flow NetCashProvidedByUsedInOperatingActivities, 0001032208-24-000007; NetCashProvidedByUsedInOperatingActivities, 0001032208-25-000012; NetCashProvidedByUsedInOperatingActivities, 0001032208-26-000010	$20.7B
Debt raised ProceedsFromIssuanceOfLongTermDebt, 0001032208-24-000007; ProceedsFromIssuanceOfLongTermDebt, 0001032208-25-000012; ProceedsFromIssuanceOfLongTermDebt, 0001032208-26-000010	$41.4B
Shares sold ProceedsFromIssuanceOfCommonStock, 0001032208-24-000007; ProceedsFromIssuanceOfCommonStock, 0001032208-25-000012; ProceedsFromIssuanceOfCommonStock, 0001032208-26-000010	$1.4B

Went to

Capital spending PaymentsToAcquireProductiveAssets, 0001032208-24-000007; PaymentsToAcquireProductiveAssets, 0001032208-25-000012; PaymentsToAcquireProductiveAssets, 0001032208-26-000010	$37.6B
Buybacks PaymentsForRepurchaseOfCommonStock, 0001032208-24-000007; PaymentsForRepurchaseOfCommonStock, 0001032208-25-000012; PaymentsForRepurchaseOfCommonStock, 0001032208-26-000010	$950.0M
Dividends PaymentsOfDividendsCommonStock, 0001032208-24-000007; PaymentsOfDividendsCommonStock, 0001032208-25-000012; PaymentsOfDividendsCommonStock, 0001032208-26-000010	$7.3B
Debt repaid RepaymentsOfLongTermDebt, 0001032208-23-000008	$10.0B
Added to cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0001032208-24-000007; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0001032208-25-000012; CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect, 0001032208-26-000010	$2.6B
Other, net investments bought and sold, other financing and investing lines, and exchange rates	$5.0B

Each number is a line of the cash flow statement as the company tagged it. "Other, net" is what those lines do not cover (investments bought and sold, other financing and investing lines, and exchange rates); Tickdelta does not estimate it.

Where the operating cash went, year by year

FY2016 to FY2025 · cash flow statements, 10-K XBRL

10 years

Operating cash, added up $35.8B 10 fiscal years, FY2016 to FY2025

Reinvested 188% capital spending and acquisitions, as a share of that cash

Returned to owners 38% buybacks and dividends, as a share of that cash

Debt repaid $27.5B gross repayments added up; debt that was refinanced counts each time

Capital spendingAcquisitionsBuybacksDividendsDebt repaid Operating cash flow

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025

Fiscal year	Operating cash	Capital spending	Acquisitions	Buybacks	Dividends	Debt repaid
Dec 31, 2025	$4.6B	$10.6B	-	$58.0M	$1.6B	-
Dec 31, 2024	$4.9B	$8.2B	-	$43.0M	$1.5B	-
Dec 31, 2023	$6.2B	$8.4B	-	$32.0M	$1.5B	-
Dec 31, 2022	$1.1B	$5.4B	-	$478.0M	$1.4B	$4.5B
Dec 31, 2021	$3.8B	$5.0B	-	$339.0M	$1.3B	$5.5B
Dec 31, 2020	$2.6B	$4.7B	-	$566.0M	$1.2B	$5.9B
Dec 31, 2019	$3.1B	$3.7B	-	$26.0M	$993.0M	$3.7B
Dec 31, 2018	$3.5B	$3.5B	$9.6B	$21.0M	$877.0M	$3.3B
Dec 31, 2017	$3.6B	$3.7B	$147.0M	$15.0M	$755.0M	$2.6B
Dec 31, 2016	$2.3B	$4.2B	-	$56.0M	$686.0M	$2.1B
Added up	$35.8B	$57.4B 160% of operating cash	$9.7B 27% of operating cash	$1.6B 5% of operating cash	$11.8B 33% of operating cash	$27.5B 77% of operating cash

Each bar is one fiscal year; its colours add up to what the cash flow statement says the company spent on each line, and the line across it is that year's operating cash flow. Spending above the line was paid from new debt, shares sold or cash on hand. A bar part links to the 10-K it comes from. A line the company did not report is left out, not estimated, so the shares are of operating cash only and can add up to more or less than 100%. Debt repaid is the gross amount, so refinanced debt is counted each time it is repaid. A reading aid, not a grade: Tickdelta does not say whether a split was good. Banks and insurers are left out.

Buybacks, dividends and share count

Year by year · XBRL, each 10-K

Fiscal year to	Buybacks	Dividends	Stock pay	Shares issued for cash	Diluted shares
Dec 31, 2025	$58.0M	$1.6B	$64.0M	$32.0M	653.83M
Dec 31, 2024	$43.0M	$1.5B	$86.0M	$1.2B	637.94M
Dec 31, 2023	$32.0M	$1.5B	$80.0M	$145.0M	632.73M
Dec 31, 2022	$478.0M	$1.4B	$71.0M	$4.0M	632.76M
Dec 31, 2021	$339.0M	$1.3B	$63.0M	$5.0M	626.07M

From the XBRL of the 10-Ks (cash flow statement and diluted weighted average shares); each year as reported in the latest 10-K that includes it. Concepts: buybacks = PaymentsForRepurchaseOfCommonStock; dividends = PaymentsOfDividendsCommonStock; sbc = ShareBasedCompensation; issuance = ProceedsFromIssuanceOfCommonStock; diluted_shares = WeightedAverageNumberOfDilutedSharesOutstanding.

Dividend per share, year by year

Dividends · declared per share, each 10-K; cash paid, cash flow statement

Per share, FY2025 $2.58 declared in the fiscal year to Dec 31, 2025

Against the year before ▲+4.0% dividend per share

Years in a row raised 9 to FY2025, per share

Cash paid out $1.6B cash flow statement, FY2025

Years paid in a row 10+ fiscal years, to FY2025, every year on file, dividend per share above zero

Growth a year, FY2016 to FY2025 +6.1% $1.51 to $2.58 per share, 9 years

Declared since the 10-K: Mar 31, 2026 $0.66

$1.79

$1.935

$2.09

$2.20

$2.29

$2.38

$2.48

$2.58

20182019202020212022202320242025

Fiscal year to	Per share	Against year before	Cash paid out
Dec 31, 2025	$2.58	▲+4.0%	$1.6B
Dec 31, 2024	$2.48	▲+4.2%	$1.5B
Dec 31, 2023	$2.38	▲+3.9%	$1.5B
Dec 31, 2022	$2.29	▲+4.1%	$1.4B
Dec 31, 2021	$2.20	▲+5.3%	$1.3B
Dec 31, 2020	$2.09	▲+8.0%	-
Dec 31, 2019	$1.935	▲+8.1%	-
Dec 31, 2018	$1.79	▲+8.8%	-

Dividend per share as the company tagged it (CommonStockDividendsPerShareDeclared), from the latest 10-K that reports each year, so a stock split is already in it. A change is left blank when the year before is missing or the jump is more than five times.

What the 10-Ks show for each CEO's years

Each CEO's years · the CEO of each fiscal year as named in the proxy's pay versus performance table

Mr. Martin

FY2025 · 1 year in the table

Operating cash flow: $4.6B
Capital spending: $10.6B
Buybacks: $58.0M
Dividends: $1.6B
Stock-based pay: $64.0M
Diluted shares since FY2024: +2.5%
Revenue since FY2024: +4%
Debt since FY2024: -$827.0M
CEO pay (reported): $22.2M

The proxy that names the CEO

Sources

The cash flow statement, dividends per share and diluted share count in each 10-K's XBRL; Part II Item 2 of each 10-Q for monthly buybacks; offering prospectuses (S-3, 424B) for new shares; Form D data sets for private raises.

Also

CEO pay: what the CEO was paid over the same years.

Work with it

Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SRE/export.csv") into a cell.

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