Financials Sempra

Equities

SRE

US8168511090

Multiline Utilities

Market Closed - Nyse Other stock markets 16:00:02 2026-02-12 EST			5-day change	1st Jan Change
92.79 ^USD	+1.77%		+7.07%	+5.10%

02-04	SoCalGas petitions CPUC to update hydrogen blending demonstration requirements based on global safety history and research	RE
02-02	Barclays Adjusts Sempra Price Target to $95 From $97, Maintains Overweight Rating	MT

Projected Income Statement: Sempra

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	11,370	12,857	14,439	16,720	13,185	13,774	14,426	14,365
Change	-	13.08%	12.3%	15.8%	-21.14%	4.47%	4.73%	-0.42%
EBITDA ¹	4,140	3,203	5,261	5,276	5,347	5,727	6,183	6,452
Change	-	-22.63%	64.25%	0.29%	1.35%	7.1%	7.98%	4.35%
EBIT ¹	2,474	1,348	3,242	3,049	2,910	3,292	3,603	3,669
Change	-	-45.51%	140.5%	-5.95%	-4.56%	13.13%	9.44%	1.84%
Interest Paid ¹	-985	-1,129	-1,054	-1,220	-988	-1,491	-1,503	-1,546
Earnings before Tax (EBT) ¹	1,489	219	1,343	2,627	2,110	1,858	2,299	2,430
Change	-	-85.29%	513.24%	95.61%	-19.68%	-11.95%	23.76%	5.71%
Net income ¹	3,764	1,254	2,094	3,030	2,817	2,719	3,334	3,679
Change	-	-66.68%	66.99%	44.7%	-7.03%	-3.49%	22.64%	10.33%
Announcement Date	2/25/21	2/25/22	2/28/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	3,171	3,259	2,741	3,013	3,844	3,820	3,547	3,617	3,455	6,560	3,335	3,334	3,491	3,640	3,011	2,776	3,758	3,802	3,000	3,151	3,816	4,149	3,116	3,226	4,171	4,308	2,822	3,045
Change	-	2.78%	-15.89%	9.92%	27.58%	-0.62%	-7.15%	1.97%	-4.48%	89.87%	-49.16%	-0.03%	4.71%	4.27%	-17.28%	-7.8%	35.37%	1.17%	-21.09%	5.03%	21.11%	8.72%	-24.9%	3.53%	29.31%	3.28%	-34.48%	7.89%
EBITDA ¹	-	1,450	987	-651	1,417	1,543	1,189	1,112	1,354	1,799	1,159	1,171	1,147	1,562	867	1,027	1,580	1,599	1,237	1,159	1,583	1,803	1,439	1,433	-	-	-	-
Change	-	-	-31.93%	-165.96%	317.67%	8.89%	-22.94%	-6.48%	21.76%	32.87%	-35.58%	1.04%	-2.05%	36.19%	-44.5%	18.45%	53.85%	1.2%	-22.64%	-6.31%	36.61%	13.87%	-20.18%	-0.46%	-	-	-	-
EBIT ¹	671	1,008	524	-1,122	938	1,050	688	606	835	1,260	610	608	571	968.1	264	413	954	959	584	497	1,018	1,048	683.7	710.8	1,176	1,135	743.6	802.3
Change	-	50.22%	-48.02%	-314.12%	183.6%	11.94%	-34.48%	-11.92%	37.79%	50.9%	-51.59%	-0.33%	-6.09%	69.55%	-72.73%	56.44%	130.99%	0.52%	-39.1%	-14.9%	104.88%	2.89%	-34.74%	3.96%	65.39%	-3.46%	-34.48%	7.89%
Charge d'intérêts ¹	-243	-240	-243	-243	-403	-243	-256	-264	-258	-366	-300	-293	-285	-305	-294	-311	-91	-399	-345	-386	-395.2	-450	-457	-464	-467	-	-	-
Earnings before Tax (EBT) ¹	-	768	281	-1,365	535	665	364	165	149	1,329	523	323	452	705	308	200	897	651	298	160	669.9	-	-	-	-	-	-	-
Change	-	-	-63.41%	-585.77%	139.19%	24.3%	-45.26%	-54.67%	-9.7%	791.95%	-60.65%	-38.24%	39.94%	55.97%	-56.31%	-35.06%	348.5%	-27.42%	-54.22%	-46.31%	318.69%	-	-	-	-	-	-	-
Net income ¹	414	874	424	-648	604	612	559	485	438	969	603	721	737	801	713	638	665	906	461	77	1,584	1,002	587.8	391.9	1,388	1,114	566.8	94.67
Change	-	111.11%	-51.49%	-252.83%	193.21%	1.32%	-8.66%	-13.24%	-9.69%	121.23%	-37.77%	19.57%	2.22%	8.68%	-10.99%	-10.52%	4.23%	36.24%	-49.12%	-83.3%	1,957.47%	-36.75%	-41.34%	-33.33%	254.11%	-19.73%	-49.12%	-83.3%
Announcement Date	2/25/21	5/5/21	8/5/21	11/5/21	2/25/22	5/5/22	8/4/22	11/3/22	2/28/23	5/4/23	8/3/23	11/3/23	2/27/24	5/7/24	8/6/24	11/6/24	2/25/25	5/8/25	8/7/25	11/5/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Sempra

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	23,246	24,354	28,850	31,147	34,680	32,249	33,670	34,856
Change	-	4.77%	18.46%	7.96%	11.34%	-7.01%	4.41%	3.52%
Announcement Date	2/25/21	2/25/22	2/28/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Sempra

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	4,676	5,015	5,357	8,397	8,215	10,352	9,771	9,835
Change	-	7.25%	6.82%	56.75%	-2.17%	26.02%	-5.62%	0.66%
Free Cash Flow (FCF) ¹	-2,085	-1,173	-4,215	-2,179	-3,308	-5,208	5,702	6,056
Change	-	43.74%	-259.34%	48.3%	-51.81%	-57.44%	209.49%	6.21%
Announcement Date	2/25/21	2/25/22	2/28/23	2/27/24	2/25/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Sempra

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	36.41%	24.91%	36.44%	31.56%	40.55%	41.57%	42.86%	44.92%
EBIT Margin (%)	21.76%	10.48%	22.45%	18.24%	22.07%	23.9%	24.97%	25.54%
EBT Margin (%)	13.1%	1.7%	9.3%	15.71%	16%	13.49%	15.94%	16.92%
Net margin (%)	33.1%	9.75%	14.5%	18.12%	21.37%	19.74%	23.11%	25.61%
FCF margin (%)	-18.34%	-9.12%	-29.19%	-13.03%	-25.09%	-37.81%	39.53%	42.16%
FCF / Net Income (%)	-55.39%	-93.54%	-201.29%	-71.91%	-117.43%	-191.56%	171.01%	164.62%
Profitability
ROA	3.55%	3.8%	3.87%	3.52%	3.07%	2.9%	3.08%	3.34%
ROE	10.85%	10.69%	10.98%	10.47%	9.41%	8.67%	9.15%	9.5%
Financial Health
Leverage (Debt/EBITDA)	5.61x	7.6x	5.48x	5.9x	6.49x	5.63x	5.45x	5.4x
Debt / Free cash flow	-11.15x	-20.76x	-6.84x	-14.29x	-10.48x	-6.19x	5.9x	5.76x
Capital Intensity
CAPEX / Current Assets (%)	41.13%	39.01%	37.1%	50.22%	62.31%	75.16%	67.73%	68.46%
CAPEX / EBITDA (%)	112.95%	156.57%	101.82%	159.15%	153.64%	180.77%	158.01%	152.42%
CAPEX / FCF (%)	-224.27%	-427.54%	-127.09%	-385.36%	-248.34%	-198.77%	171.35%	162.4%
Items per share
Cash flow per share ¹	4.433	6.135	1.805	9.827	7.692	9.737	-	-
Change	-	38.4%	-70.58%	444.5%	-21.73%	26.59%	-	-
Dividend per Share ¹	2.09	2.2	2.29	2.38	2.48	2.573	2.744	2.923
Change	-	5.26%	4.09%	3.93%	4.2%	3.74%	6.67%	6.53%
Book Value Per Share ¹	40.58	40.98	42.85	45.41	47.99	55.45	57.81	60.46
Change	-	1%	4.57%	5.98%	5.67%	15.55%	4.26%	4.58%
EPS ¹	6.44	2.005	3.31	4.79	4.42	3.975	5.063	5.578
Change	-	-68.87%	65.09%	44.71%	-7.72%	-10.07%	27.38%	10.15%
Nbr of stocks (in thousands)	576,940	638,675	628,667	629,328	633,399	652,682	652,682	652,682
Announcement Date	2/25/21	2/25/22	2/28/23	2/27/24	2/25/25	-	-	-