SRESempra
We are a holding company whose principal businesses are regulated utilities in California and Texas. 10-K, Item 1
- Headquarters
- San Diego, CA
- Next results
- around Feb 25, 2027
The biggest changes in the 10-K filed 2026-02-26, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
-35.8% Big change FY to 2025-12-31 vs 2024-12-31“In 2025 compared to 2024, Sempra’s other income, net, increased by $33 million (24%) to $169 million primarily due to:”
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“In 2025 compared to 2024, SDG&E’s other income, net, increased by $16 million (18%) to $106 million primarily due to:”
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Cash from operations
-7.0% FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+5.1% FY to 2025-12-31 vs 2024-12-31“▪$31 million higher revenues driven by satisfaction of performance obligations related to customer payments received in advance from a contract modification in December 2024 on an LNG storage and regasification agreement that ended in December 2025”
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“▪$88 million higher revenues from incremental and balanced capital projects offset by lower authorized cost of capital”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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