Sempra 2025 GAAP profit falls to $1.80 billion; adjusted EPS rises to $4.69
Sempra reported full-year 2025 GAAP earnings of $1.80 billion, or $2.75 per diluted share, down from $2.82 billion, or $4.42, in 2024, mainly due to large regulatory disallowances and tax items. On an adjusted basis, full-year earnings rose to $3.07 billion, or $4.69 per share, from $4.65, while fourth-quarter adjusted EPS fell to $1.28 from $1.50. The company affirmed its 2026 adjusted EPS guidance of $4.80 to $5.30, issued 2027 guidance of $5.10 to $5.70, and raised its five-year capital plan to $65 billion.
Key points
- Full-year 2025 GAAP EPS was $2.75, versus $4.42 in 2024; fourth-quarter GAAP EPS was $0.54, versus $1.04.
- Full-year 2025 adjusted EPS was $4.69, versus $4.65 in 2024; fourth-quarter adjusted EPS was $1.28, versus $1.50.
- Five-year 2026-2030 capital plan raised to approximately $65 billion from $56 billion; 2026 adjusted EPS guidance of $4.80 to $5.30 affirmed.
- Quarterly dividend declared at $0.6575 per share, payable April 15, 2026, an annualized $2.63 versus $2.58 in 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.