Sempra Energy (NYSE:SRE) Posts Earnings Results, Meets Estimates

Sempra Energy (NYSE:SRE) announced its earnings results on Thursday. The utilities provider reported $1.51 EPS for the quarter, meeting analysts’ consensus estimates of $1.51, Briefing.com reports. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $4.10 billion. Sempra Energy had a return on equity of 8.20% and a net margin of 14.31%.The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 earnings per share. Sempra Energy updated its FY 2027 guidance to 5.100-5.700 EPS and its FY 2026 guidance to 4.870-5.370 EPS.

Here are the key takeaways from Sempra Energy’s conference call:

• Oncor received a PUCT base rate settlement that raises the authorized equity layer to 43.5%, authorized ROE to 9.75% and cost of debt to 4.94%, and its inaugural UTM filing seeks recovery of $4.4B of T&D placed in service with final rates expected in H2 2026, which should reduce regulatory lag and support stronger earnings and credit metrics during elevated capex.
• SDG&E filed an uncontested TO6 settlement with FERC that would increase its authorized ROE to 10.28% on a hypothetical 54% equity structure (subject to FERC approval expected in H2 2026) and be retroactive to June 1, 2025, potentially improving returns for the California utility segment.
• Sempra is progressing toward closing the Sempra Infrastructure Partners transaction in Q2–Q3 2026 after receiving key FERC and antitrust approvals, and plans to recycle proceeds to its utilities, pay down parent debt, deconsolidate SI and strengthen its credit profile.
• ECA LNG Phase 1 achieved mechanical completion and introduced feed gas for startup; Sempra expects to produce its first LNG next month and reach substantial completion this summer, at which point LNG revenues from long?term contracts will begin.
• Sempra reported solid Q1 results (GAAP EPS $1.58, adjusted EPS $1.51), affirmed full?year 2026 adjusted EPS guidance of $4.80–$5.30 and long?term EPS growth of 7%–9%, and is executing a $65B capital plan focused on Texas (deployed $3B in Q1) with ~$9B of identified incremental opportunities.

Sempra Energy Stock Down 0.0%

Shares of NYSE SRE traded down $0.02 during trading on Friday, reaching $91.55. The company had a trading volume of 4,296,592 shares, compared to its average volume of 3,288,909. Sempra Energy has a 12-month low of $73.06 and a 12-month high of $101.04. The stock has a market cap of $59.81 billion, a PE ratio of 31.03, a P/E/G ratio of 3.43 and a beta of 0.60. The business’s 50-day moving average is $95.10 and its 200 day moving average is $92.01. The company has a quick ratio of 1.57, a current ratio of 1.69 and a debt-to-equity ratio of 0.78.

Sempra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, March 19th were paid a $0.6575 dividend. This is an increase from Sempra Energy’s previous quarterly dividend of $0.65. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 19th. Sempra Energy’s payout ratio is currently 95.29%.

Sempra Energy News Roundup

Here are the key news stories impacting Sempra Energy this week:

• Positive Sentiment: Sempra’s adjusted Q1 EPS of $1.51 matched estimates and improved from $1.44 a year ago, showing earnings growth despite a mixed operating backdrop. Sempra Reports First-Quarter 2026 Results
• Positive Sentiment: Oncor, Sempra’s Texas utility, reported higher first-quarter net income, supported by rate increases, customer growth, and infrastructure investments, which helps reinforce the company’s long-term growth story. Oncor Reports First Quarter 2026 Results
• Neutral Sentiment: Management and call coverage emphasized Sempra’s “massive growth plan,” suggesting continued capital investment and expansion, but with limited immediate detail in the available summaries. Sempra Energy Earnings Call Highlights Massive Growth Plan
• Negative Sentiment: Revenue missed expectations at $3.65 billion versus about $4.10 billion expected, and the company cited weaker natural gas sales and softer California utility revenue. Sempra narrowly misses profit estimates on lower sales
• Negative Sentiment: Full-year 2026 and 2027 EPS guidance came in below consensus, which is likely weighing on the stock more than the near-term earnings beat. Conference Call and Earnings Release

Analyst Upgrades and Downgrades

SRE has been the subject of a number of research reports. Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. UBS Group reiterated a “neutral” rating and issued a $100.00 price objective (up from $96.00) on shares of Sempra Energy in a report on Friday, March 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. JPMorgan Chase & Co. increased their price objective on Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price objective on shares of Sempra Energy in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Sempra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

Insider Transactions at Sempra Energy

In other Sempra Energy news, Director Cynthia J. Warner acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $92.95 per share, with a total value of $232,375.00. Following the completion of the transaction, the director directly owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. This represents a 28.49% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Justin Christopher Bird sold 1,128 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the sale, the executive vice president directly owned 21,632 shares in the company, valued at approximately $2,091,598.08. The trade was a 4.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders bought 6,192 shares of company stock valued at $576,979 and sold 7,539 shares valued at $706,906. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SRE. Roehl & Yi Investment Advisors LLC purchased a new stake in shares of Sempra Energy during the 4th quarter valued at about $222,000. Inspire Advisors LLC grew its position in Sempra Energy by 7.0% during the fourth quarter. Inspire Advisors LLC now owns 2,541 shares of the utilities provider’s stock valued at $224,000 after buying an additional 167 shares during the period. Asset Advisory Group Inc. bought a new stake in Sempra Energy during the fourth quarter valued at approximately $220,000. First American Trust FSB grew its position in Sempra Energy by 9.5% during the fourth quarter. First American Trust FSB now owns 2,651 shares of the utilities provider’s stock valued at $234,000 after buying an additional 230 shares during the period. Finally, Stone Run Capital LLC bought a new position in Sempra Energy in the third quarter worth approximately $225,000. Institutional investors own 89.65% of the company’s stock.

Sempra Energy Company Profile

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non?regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.