Sempra Energy Q4 EPS Beats by 13% as Revenues Reach $3.75 Billion
Sempra Energy’s Q4 adjusted EPS of $1.28 topped estimates by 13.3% despite a 14.7% year-on-year drop. Revenues of $3.75 billion beat forecasts by 3% as full-year sales rose to $13.7 billion and cash balances slumped to $30 million.
1. Strong Q4 Adjusted Earnings
Sempra Energy reported Q4 adjusted earnings of $1.28 per share, exceeding consensus by 13.3% but down from $1.50 in the prior year. GAAP earnings were $0.54 per share after one-time charges, while full-year adjusted EPS climbed modestly to $4.69 from $4.65.
2. Revenue Trends and Segment Performance
Fourth-quarter revenues hit $3.75 billion, beating forecasts by 3% despite a slight 0.3% year-over-year decline. Full-year revenues rose to $13.7 billion from $13.19 billion, with California earnings plunging to $75 million and Texas Utilities profits rising to $201 million.
3. Cash, Debt and Cash Flow
Cash and equivalents plunged to $30 million from $1.57 billion a year earlier, while long-term debt decreased to $28.98 billion from $31.56 billion. Operating cash flow totaled $4.57 billion, down from $4.91 billion in 2024.
4. Outlook and Guidance
For 2026, Sempra forecasts adjusted EPS of $4.80–$5.30 per share versus a $5.11 consensus, and provided EPS targets of $5.10–$5.70 for 2027 and $6.70–$7.50 for 2030.