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Sempra Condensed Financial Statements and Risk Factors Q3 2025

06 Nov 2025

Description

The sources primarily comprise the Quarterly Report on Form 10-Q for Sempra, including the financial statements for the quarter ended September 30, 2025, along with information related to its subsidiaries San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas). These documents detail the company's financial performance, regulatory matters such as wildfire liability legislation and rate cases for its utilities, and capital expenditure plans like the significant increase anticipated for Oncor in Texas. Furthermore, the reports clarify the use and limitations of non-GAAP financial measures, such as FFO and Adjusted Earnings, emphasizing they are supplementary to GAAP figures. Finally, the sources also include an employment agreement and retention offer from SoCalGas, offering insight into executive compensation and personnel changes.

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