{"id":195325,"date":"2026-02-26T20:31:07","date_gmt":"2026-02-26T20:31:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/195325\/"},"modified":"2026-02-26T20:31:07","modified_gmt":"2026-02-26T20:31:07","slug":"sempra-quarterly-and-annual-earnings-fall-but-beat-estimates-and-stock-rises","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/195325\/","title":{"rendered":"Sempra quarterly and annual earnings fall, but beat estimates and stock rises"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/timesofsandiego.com\/wp-content\/uploads\/2015\/08\/Sempra-Energy-Headquarters.jpg?ssl=1\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" data-recalc-dims=\"1\" decoding=\"async\" width=\"640\" height=\"360\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/02\/Sempra-Energy-Headquarters.jpg\" alt=\"Sempra Energy Headquarters\" class=\"wp-image-24626\" style=\"width:774px;height:auto\"  \/><\/a>Sempra Energy\u2019s headquarters in downtown San Diego. (Photo courtesy of Sempra)<\/p>\n<p>San Diego-based <a href=\"http:\/\/sempra.com\" rel=\"nofollow noopener\" target=\"_blank\">Sempra<\/a> reported declines in quarterly and annual earnings on Thursday, but beat analysts\u2019 estimates and announced plans to significantly increase capital spending.<\/p>\n<p>The energy company earned $1.80 billion, or $2.75 per share in 2025, compared to $2.82 billion, or $4.42 per share, in 2024. Revenue increased to $13.7 billion from $13.2 billion last year.<\/p>\n<p>For the final quarter, Sempra posted income of $352 million, or $0.54 per share, on revenue of $3.75 billion, compared to $665 million, or $1.04 per share, on revenue of $3.76 billion.<\/p>\n<p>The company said the results were reduced by one-time regulatory and and tax expenses, and reported higher earnings on an adjusted basis.<\/p>\n<p>The quarterly results were better than expected by Wall Street and Sempra stock rose 2.2% in early trading. <\/p>\n<p>\u201cIn addition to posting strong financial results, we took important steps in 2025 to simplify our business, improve capital efficiency and strengthen our balance sheet,\u201d said<br \/>Jeffrey W. Martin, chairman and CEO. \u201cTaken together, these considerations support an improved outlook for future earnings growth through the end of the decade.\u201d<\/p>\n<p>The company also announced plans to increase capital spending by $9 billion to $65 billion over the period 2026 to 2030.<\/p>\n<p>Sempra is the parent company of San Diego Gas &amp; Electric and Southern California Gas in California and also has major utility operations in Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"Sempra Energy\u2019s headquarters in downtown San Diego. (Photo courtesy of Sempra) San Diego-based Sempra reported declines in quarterly&hellip;\n","protected":false},"author":2,"featured_media":195326,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[8436,91213,3950,74,76,75,41348],"class_list":["post-195325","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-diego","tag-utilities","tag-capital-spending","tag-earnings","tag-san-diego","tag-san-diego-headlines","tag-san-diego-news","tag-sempra"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/195325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=195325"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/195325\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/195326"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=195325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=195325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=195325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}