Sempra Energy (NYSE:SRE) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Sempra Energy (NYSE:SRE) released its earnings results on Thursday. The utilities provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.22 by $0.18, Zacks reports. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the firm posted $1.11 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Sempra Energy updated its FY 2027 guidance to 5.100-5.700 EPS and its FY 2026 guidance to 4.800-5.300 EPS.

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

• Sempra reported third-quarter adjusted EPS of $1.40, up 26% year over year, and said strong year-to-date results support guidance toward the high end of its 2026 range of $4.80–$5.30. It reaffirmed 2027 EPS guidance of $5.10–$5.70 and its long-term EPS growth outlook of 7%–9%.
• Oncor’s system reached a record peak demand of 33 GW, while non-data-center large-load requests also grew. Sempra expects Oncor’s 2027–2031 base capital plan to increase about 20% from its current $47.5 billion plan; some additional projects remain outside that forecast.
• A proposed CPUC decision denied Sempra California’s request to correct a capital-revenue calculation, which the company says was an error. If not overturned or mitigated, the issue could put 2027 California segment earnings toward the lower end of guidance; Sempra said the impact would be limited to 2027.
• Sempra expects to close the sale of a 45% stake in SI Partners within two weeks, with remaining closing conditions reportedly in good shape. Management said the transaction should simplify the business, provide proceeds to pay down debt, and strengthen the balance sheet and risk profile.

Sempra Energy Price Performance

SRE traded down $1.67 on Friday, reaching $78.16. The company had a trading volume of 6,946,928 shares, compared to its average volume of 3,143,328. Sempra Energy has a one year low of $76.21 and a one year high of $101.04. The company has a market capitalization of $51.11 billion, a P/E ratio of 16.99, a PEG ratio of 2.37 and a beta of 0.55. The company has a fifty day moving average of $82.04 and a 200-day moving average of $89.23. The company has a current ratio of 1.64, a quick ratio of 1.62 and a debt-to-equity ratio of 0.78.

Sempra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were issued a $0.6575 dividend. This represents a $2.63 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s dividend payout ratio is 76.23%.

Analyst Upgrades and Downgrades

SRE has been the subject of several recent research reports. Jefferies Financial Group raised shares of Sempra Energy from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $101.00 to $97.00 in a research report on Tuesday, September 1st. Mizuho lowered Sempra Energy from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $104.00 to $84.00 in a research report on Monday, August 31st. Scotiabank assumed coverage on shares of Sempra Energy in a research note on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 price objective on the stock. Wall Street Zen raised shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, The Goldman Sachs Group raised their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the company a “buy” rating in a report on Monday, August 10th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.

Sempra Energy News Roundup

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

• Positive Sentiment: Third-quarter adjusted EPS rose to $1.40 from $1.11 a year earlier, beating the $1.22 analyst consensus. Sempra said it expects to reach the high end of its 2026 adjusted EPS guidance range. Sempra third-quarter results
• Positive Sentiment: Oncor’s third-quarter net income increased to $572 million from $380 million, supported by new base rates, customer growth and higher consumption. Sempra also announced an expected 20% increase to Oncor’s base capital plan, signaling additional investment in its regulated utility business. Oncor third-quarter results
• Neutral Sentiment: Sempra’s 2026 EPS guidance is $4.80–$5.30, and its 2027 range is $5.10–$5.70. Both range midpoints are below consensus estimates, although the company expects to reach the high end of its 2026 range and both upper bounds exceed consensus.
• Negative Sentiment: Revenue of $3.19 billion fell short of the $3.31 billion analyst estimate, despite increasing 1.3% year over year. This weaker top-line result may have tempered the positive reaction to the EPS beat. Sempra Q3 earnings and revenue

Sempra Energy Company Profile

Sempra is a North American energy infrastructure company headquartered in San Diego, California. Formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the company develops and operates regulated utilities and energy infrastructure.

In California, Sempra’s utilities include San Diego Gas & Electric and Southern California Gas Company, which provide electricity and natural gas services to homes and businesses. In Texas, its operations include an ownership interest in Oncor, an electric transmission and distribution company.

Through its energy infrastructure business, Sempra has also developed and operated natural gas pipelines, storage facilities and liquefied natural gas projects in the United States and Mexico.