Sempra Energy: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-07-05
Other years: 2026 vs 2025
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

15
New Risks
15
Removed
34
Modified
14
Unchanged
🟢 New in Current Filing Successfully completing our five-year capital expenditures plan is subject to certain risks. 🔒
🟢 New in Current Filing 2024 Form 10-K | 54 🔒
🟢 New in Current Filing 2024 Form 10-K | 61 🔒
🟢 New in Current Filing 2024 Form 10-K | 39 🔒
🟢 New in Current Filing 2024 Form 10-K | 42 🔒
🟢 New in Current Filing We face risks related to environmental and climate change regulation and the costs of the energy transition. 🔒
🟢 New in Current Filing 2024 Form 10-K | 48 🔒
🟢 New in Current Filing We actively seek opportunities in the market through acquisitions, partnerships, JVs and divestitures. 🔒
🟢 New in Current Filing An impairment of our goodwill or long-lived assets could result in a material charge to earnings. 🔒
🟢 New in Current Filing 2024 Form 10-K | 51 🔒
🟢 New in Current Filing SDG&E and SoCalGas are subject to extensive regulation. 🔒
🟢 New in Current Filing 2024 Form 10-K | 56 🔒
🟢 New in Current Filing Sempra Infrastructure’s business is capital-intensive and relies on various types of financing arrangements, which may not be adequate or available in the future. 🔒
🟡 Modified We face evolving cybersecurity and technology resiliency risks associated with the energy grid, pipelines, storage and other infrastructure as well as the collection of personal, sensitive and confidential information. 🔒
🟡 Modified 2024 Form 10-K | 60 🔒
🟢 New in Current Filing Our businesses are subject to risks arising from their infrastructure and systems that support this infrastructure. 🔒
🟢 New in Current Filing 2024 Form 10-K | 44 🔒
🔴 No Match in Current Filing Our businesses face climate change concerns and have environmental compliance and clean energy transition and reporting costs. 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 45 🔒
🟡 Modified Project development activities may not be successful, projects under construction may not be completed on schedule or within budget, and completed projects may not operate at expected levels or generate expected earnings or cash flows. 🔒
🟡 Modified 2024 Form 10-K | 40 🔒
🟡 Modified Our businesses depend on the performance of counterparties. 🔒
🟡 Modified 2024 Form 10-K | 52 🔒
🟡 Modified 2024 Form 10-K | 47 🔒
🟡 Modified We face risks from increased competition. 🔒
🔴 No Match in Current Filing Any impairment of our assets could negatively impact us. 🔒
🔴 No Match in Current Filing Our common stock is listed on the Mexican Stock Exchange and registered with the CNBV, which subjects us to additional regulation and liability in Mexico. 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 37 🔒
🔴 No Match in Current Filing We seek growth opportunities in the market organically and inorganically, including through the acquisition of, or partnerships in, operating companies. 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 42 🔒
🔴 No Match in Current Filing The electricity industry is undergoing significant change, including increased deployment of DER, technological advancements, evolving procurement service standards, and political and regulatory developments. 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 47 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 49 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 52 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 55 🔒
🟡 Modified Our international businesses and operations expose us to increased legal, regulatory, tax, economic, geopolitical, credit and management oversight risks and challenges. 🔒
🟡 Modified The operation of our facilities depends on good labor relations with our employees and our ability to attract and retain qualified personnel. 🔒
🟡 Modified Changes in the regulation of Oncor or the regulation or operation of the electric utility industry and/or the ERCOT market could negatively affect Oncor. 🔒
🟡 Modified SDG&E may incur significant costs and liabilities from its partial ownership of a nuclear facility being decommissioned. 🔒
🟡 Modified Failure by the CPUC to adequately reform SDG&E’s electric rate structure could negatively impact SDG&E and Sempra. 🔒
🟡 Modified The electricity industry is undergoing significant change, including increased deployment of renewable energy sources and energy storage, technological advancements, evolving procurement service standards, and political and regulatory developments. 🔒
🟡 Modified 2024 Form 10-K | 53 🔒
🟡 Modified We face risks related to increasing activities and projects intended to advance new energy technologies. 🔒
🟡 Modified Natural gas continues to be the subject of political and public debate, including a desire by some to reduce or eliminate reliance on natural gas as an energy source. 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 35 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 36 🔒
🔴 No Match in Current Filing 2023 Form 10-K | 48 🔒
🟡 Modified We face risks related to severe weather, natural disasters, physical attacks and other similar events. 🔒
🟡 Modified 2024 Form 10-K | 49 🔒
🟡 Modified Wildfires in California pose risks to Sempra, SDG&E and SoCalGas. 🔒
🟡 Modified We face risks related to failures and delays in obtaining and maintaining permits, licenses, franchises and other approvals required by our businesses. 🔒
🟡 Modified We may be negatively impacted by the outcome of litigation or other proceedings in which we are involved. 🔒
🟡 Modified Sempra could incur substantial tax liabilities if EFH’s 2016 spin-off of Vistra is deemed to be taxable. 🔒
🟡 Modified 2024 Form 10-K | 43 🔒
🟡 Modified We may not be able to secure, maintain, extend or replace long-term supply, sales or capacity agreements. 🔒
🟡 Modified Settlement provisions contained in the forward sale agreements we may enter into in connection with our ATM program subject us to certain risks. 🔒
🟡 Modified Our debt service obligations expose us to risks and could require additional equity securities issuances by Sempra or sales of equity interests in subsidiaries or projects under development. 🔒
🟡 Modified We face risks related to unsettled property rights and titles in Mexico. 🔒
🟡 Modified Our investments in businesses we do not control expose us to risks. 🔒
🟡 Modified Our business could be negatively affected by activist shareholders. 🔒
🟡 Modified 2024 Form 10-K | 57 🔒
🟡 Modified 2024 Form 10-K | 38 🔒
🟡 Modified SoCalGas has incurred and may continue to incur significant costs, expenses and other liabilities related to the Leak. 🔒
🟡 Modified The economic interest, voting rights and market value of our outstanding common and preferred stock may be adversely affected by any additional equity securities we may issue. 🔒
64 changes in this historical filing

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