Filing Flows › Sempra (SRE) › Q3 2025
Sempra (SRE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Sempra (SRE) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +5% from the quarter before. Operating margin was 20.1%, net earnings $95.0M (3.0% of revenue).
Sempra, Q3 2025: revenue $3.2B (+14% year over year), operating margin 20.1%, net earnings $95.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.2B | +5% | +14% |
| Operating profit | $632M | -9% | -3% |
| Net earnings | $95.0M | -80% | -85% |
| Operating cash flow | $1.1B | +42% | +9% |
What changed
Revenue was $3.2B in Q3 2025, up 14% year over year and up 5% from the previous quarter. Gas was the largest line at 49% of revenue. Gas added $0.23B year over year (up 17%), 61% of the total change. Electric declined 3%.
Operating profit was $0.63B, a 20.1% margin (down 3.5 points year over year). Operating profit fell $0.02B even though revenue rose $0.38B versus a year earlier, so costs grew faster than sales. Total costs grew 19% against revenue growth of 14%. Net earnings were $0.10B, down 85% year over year. The effective tax rate was 76.3%.
Operating cash flow was $1.1B (up 9% year over year), 740% of net income including minority interests. Non-cash charges added back $0.66B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $2.6B exceeded it, leaving free cash flow of −$1.5B.
Questions
What was Sempra's revenue in the third quarter 2025?
Sempra (SRE) reported revenue of $3.2B for the third quarter 2025 (Q3 2025), +14% from a year earlier and +5% from the quarter before.
Was Sempra profitable in the third quarter 2025?
Operating profit was $632M (20.1% of revenue) and net earnings $95.0M.
Source: Sempra 10-Q on SEC EDGAR.