Filing Flows › Sempra (SRE) › Q1 2025
Sempra (SRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Sempra (SRE) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before. Operating margin was 25.7%, net earnings $917M (24.1% of revenue).
Sempra, Q1 2025: revenue $3.8B (+4% year over year), operating margin 25.7%, net earnings $917M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +1% | +4% |
| Operating profit | $976M | -23% | -7% |
| Net earnings | $917M | +36% | +13% |
| Operating cash flow | $1.5B | +9% | -20% |
What changed
Revenue was $3.8B in Q1 2025, up 4% year over year and up 1% from the previous quarter. Gas was the largest line at 67% of revenue. Gas added $0.06B year over year (up 2%), 36% of the total change. Electric declined 6%.
Operating profit was $1.0B, a 25.7% margin (down 3.3 points year over year). Operating profit fell $0.08B even though revenue rose $0.16B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 4%. Net earnings were $0.92B, up 13% year over year. The effective tax rate was 5.8%.
Operating cash flow was $1.5B (down 20% year over year), 161% of net earnings. Non-cash charges added back $0.64B of depreciation and amortization. Working capital and other items used $0.08B. Capital expenditures of $2.3B exceeded it, leaving free cash flow of −$0.85B.
Questions
What was Sempra's revenue in the first quarter 2025?
Sempra (SRE) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +4% from a year earlier and +1% from the quarter before.
Was Sempra profitable in the first quarter 2025?
Operating profit was $976M (25.7% of revenue) and net earnings $917M.
Source: Sempra 10-Q on SEC EDGAR.