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Sempra Energy SRE Regulatory assets

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Other financials

Income statement

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Revenue$3.4B-6.9%
Net income$1.2B+25.1%
EPS (diluted)$1.58+13.7%

Balance sheet

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Cash & equivalents$794.0M-54.9%
Total debt$5.0B+45.5%
Total equity$32.2B+1.9%
Total assets$113.52B+14.7%

Cash flow

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Operating cash flow$1.8B+22.1%
CapEx$2.5B+5.4%
Free cash flow-$652.0M+23.7%

Valuation

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Market cap$61.08B+26.5%
Enterprise value$65.27B+30.6%
P/E26.5×+12.9×
P/S4.5×+0.9×

Profitability

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Net margin17.1%-9.6pp
FCF margin-43.5%+30.1pp

Returns & leverage

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Return on equity7.2%-4.4pp
Debt / equity0.2×0.0×
Current ratio1.7×+1.1×

Where this comes from

Reported directly by Sempra Energy in its filing.

Tagged under the XBRL concept us-gaap:RegulatoryAssetsCurrent.

The official record: Sempra Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sempra Energy's regulatory assets?
Sempra Energy (SRE) reported regulatory assets of $561M in Q1 2026.
How has Sempra Energy's regulatory assets changed year-over-year?
Sempra Energy's regulatory assets increased by 552.3% year-over-year, from $86M to $561M.
What is the long-term trend for Sempra Energy's regulatory assets?
Over 5 years (2020 to 2025), Sempra Energy's regulatory assets has grown at a 32.0% compound annual growth rate (CAGR), from $190M to $761M.
What does regulatory assets mean?
These are costs incurred by the utility that regulators have authorized for future recovery through customer rates. Because these costs are deferred rather than expensed immediately, they represent a unique asset class specific to regulated industries. They are fundamental to the utility business model, ensuring that long-term investments are eventually paid for by ratepayers.