Sempra Energy (NYSE:SRE) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Sempra Energy (NYSE:SRE) issued its quarterly earnings results on Thursday. The utilities provider reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.15, Briefing.com reports. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Sempra Energy had a net margin of 16.70% and a return on equity of 8.49%. Sempra Energy’s revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. 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:

• Second-quarter adjusted EPS rose to $1.16 from $0.89 a year earlier, supported by higher Oncor earnings, California utility margins, and Sempra Infrastructure results. GAAP EPS increased to $1.21 from $0.71.
• Sempra affirmed its 2026 adjusted EPS guidance of $4.80–$5.30, 2027 guidance of $5.10–$5.70, and long-term EPS growth target of 7%–9%, citing strong year-to-date execution and its $65 billion capital plan.
• Management sees substantial long-term growth at Oncor, including a $47.5 billion base capital plan, $10 billion of identified incremental opportunities, and potentially additional investment tied to ERCOT’s Batch Zero process. Texas is targeted to represent more than 60% of Sempra’s rate base by 2030.
• ECA LNG Phase 1 commissioning was affected by equipment damage involving mixed-refrigerant compressors; substantial completion is now expected in the fourth quarter of 2026, with commercial sales beginning shortly thereafter. Management said the SI Partners transaction is not contingent on ECA completion.
• Sempra expects to close the sale of a 45% stake in SI Partners later this quarter, which would deconsolidate roughly $9 billion of debt and support capital recycling into regulated utilities. Management also expects the Ecogas sale to close later this month, while noting rating agencies will continue monitoring project milestones and balance-sheet improvement.

Sempra Energy Stock Down 0.3%

Shares of SRE stock traded down $0.29 during mid-day trading on Friday, hitting $84.06. The company’s stock had a trading volume of 6,401,551 shares, compared to its average volume of 3,161,608. Sempra Energy has a 52-week low of $78.97 and a 52-week high of $101.04. The business has a 50-day moving average price of $91.23 and a 200 day moving average price of $92.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.66 and a current ratio of 1.64. The stock has a market cap of $54.95 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.03 and a beta of 0.57.

Sempra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, June 25th were issued a $0.6575 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 3.1%. Sempra Energy’s dividend payout ratio (DPR) is presently 89.15%.

Insider Activity

In related news, insider Diana L. Day sold 3,300 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $92.13, for a total transaction of $304,029.00. Following the sale, the insider directly owned 22,870 shares of the company’s stock, valued at $2,107,013.10. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Caroline Ann Winn sold 8,000 shares of Sempra Energy stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $90.55, for a total value of $724,400.00. Following the completion of the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,900 shares of company stock valued at $1,261,207 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SRE. Morgan Stanley boosted its holdings in Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock worth $1,971,524,000 after purchasing an additional 3,250,783 shares during the last quarter. Invesco Ltd. raised its stake in Sempra Energy by 40.1% during the 3rd quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after buying an additional 2,984,409 shares during the last quarter. State Street Corp lifted its holdings in shares of Sempra Energy by 5.2% during the 4th quarter. State Street Corp now owns 36,810,449 shares of the utilities provider’s stock valued at $3,273,460,000 after buying an additional 1,824,280 shares during the period. Merewether Investment Management LP lifted its holdings in shares of Sempra Energy by 321.9% during the 2nd quarter. Merewether Investment Management LP now owns 1,676,932 shares of the utilities provider’s stock valued at $127,061,000 after buying an additional 1,279,431 shares during the period. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Sempra Energy by 2,293.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 793,397 shares of the utilities provider’s stock worth $70,049,000 after buying an additional 760,254 shares during the last quarter. Institutional investors own 89.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SRE. Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 price objective on shares of Sempra Energy in a research report on Tuesday, April 21st. Truist Financial set a $104.00 target price on Sempra Energy and gave the stock a “buy” rating in a research note on Monday, May 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a report on Friday, July 17th. Jefferies Financial Group set a $101.00 price target on Sempra Energy in a research report on Thursday, July 16th. Finally, BMO Capital Markets set a $102.00 price objective on shares of Sempra Energy and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.23.

More Sempra Energy News

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

• Positive Sentiment: Sempra reported second-quarter adjusted earnings of $1.16 per share, up from $0.89 a year ago and $0.15 above consensus. GAAP earnings rose to $796 million, or $1.21 per share, from $461 million, supported by stronger utility and infrastructure results. Sempra Reports Strong Second-Quarter 2026 Results
• Positive Sentiment: Oncor, Sempra’s Texas transmission and distribution utility, reported net income of $428 million, compared with $259 million a year earlier. Growth was driven by higher regulated revenues, new base rates, surcharge recovery, infrastructure investment and customer growth. ONCOR REPORTS SECOND QUARTER 2026 RESULTS
• Positive Sentiment: SoCalGas approved the retirement of all outstanding preferred shares, a move intended to simplify its capital structure and provide immediate value to shareholders. SoCalGas Preferred Stock Retirement
• Neutral Sentiment: Management maintained 2026 adjusted EPS guidance of $4.80–$5.30 and 2027 guidance of $5.10–$5.70, indicating continued expected earnings growth but leaving the guidance midpoints below analyst consensus estimates. Sempra Q2 Key Metrics
• Negative Sentiment: Second-quarter revenue was approximately $3.0 billion, below the $3.14 billion estimate and essentially flat year over year. The revenue miss and guidance that trails consensus appear to be outweighing the earnings beat, contributing to the stock’s decline. Sempra Q2 Earnings and Revenue

About Sempra Energy

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.