Sempra Reports Strong 2025 Adjusted Earnings, Boosts Capital Plan to $65B, and Issues Robust 2030 EPS Outlook
Summary
Sempra announced strong full-year 2025 adjusted financial results, a significant increase in its five-year capital plan to $65 billion, and a new robust 2030 EPS outlook, while also raising its quarterly dividend.
Key Events
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Strong 2025 Adjusted Financial Results
Sempra reported full-year 2025 adjusted earnings of $3.07 billion, or $4.69 per diluted share, compared to $2.97 billion, or $4.65 per diluted share, in 2024.
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Increased Five-Year Capital Plan
The company announced a record five-year 2026-2030 capital plan of approximately $65 billion, an increase from the prior $56 billion 2025-2029 plan, with over 95% focused on regulated utility investments.
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Robust 2030 EPS Outlook Issued
Sempra issued a new full-year 2030 EPS outlook in the range of $6.70 to $7.50, alongside affirming 2026 guidance and issuing 2027 guidance.
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Quarterly Dividend Raised
The board of directors declared a quarterly dividend of $0.6575 per share, increasing the annualized common stock dividend to $2.63 per share from $2.58 in 2025.
Analysis
Sempra's comprehensive earnings report for Q4 and full-year 2025 highlights strong adjusted financial performance and a significantly expanded long-term growth strategy. The substantial increase in the five-year capital plan to $65 billion, primarily focused on regulated utility investments, signals robust future infrastructure development. The new 2030 EPS outlook provides long-term clarity and confidence in the company's earnings trajectory. Furthermore, the company's strategic capital recycling efforts, including the sale of stakes in Sempra Infrastructure Partners and Ecogas México, are designed to fund this ambitious capital plan without the need for common equity issuance, which is a significant positive for shareholders by mitigating future dilution. The dividend increase further reinforces a commitment to shareholder returns.
At the time of this filing, SRE was trading at $96.32 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $62.9B. The 52-week trading range was $61.90 to $97.45. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.