Sempra Energy (NYSE:SRE) Announces Earnings Results

Sempra Energy (NYSE:SRE) posted its quarterly earnings data on Thursday. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.51, Briefing.com reports. The company had revenue of $3.66 billion for 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%.Sempra Energy’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. 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 Performance

Shares of NYSE:SRE traded down $0.02 during trading on Friday, hitting $91.55. 4,296,592 shares of the company traded hands, compared to its average volume of 3,288,909. The company has a quick ratio of 1.57, a current ratio of 1.69 and a debt-to-equity ratio of 0.78. The business’s fifty day moving average is $95.10 and its 200-day moving average is $92.01. The stock has a market capitalization of $59.81 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 3.43 and a beta of 0.60. Sempra Energy has a one year low of $73.06 and a one year high of $101.04.

Sempra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, March 19th were paid a $0.6575 dividend. The ex-dividend date was Thursday, March 19th. 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 yield of 2.9%. Sempra Energy’s payout ratio is presently 95.29%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SRE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Monday, April 20th. UBS Group reaffirmed a “neutral” rating and set a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research report on Friday, March 6th. Argus upgraded Sempra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, March 4th. Barclays reissued an “overweight” rating and issued a $105.00 price objective (up from $95.00) on shares of Sempra Energy in a report on Wednesday, April 15th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $118.00 target price on shares of Sempra Energy in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.67.

Insiders Place Their Bets

In other Sempra Energy news, EVP Justin Christopher Bird sold 1,128 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total value of $109,066.32. Following the sale, the executive vice president directly owned 21,632 shares of the company’s stock, valued at $2,091,598.08. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cynthia J. Warner bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the purchase, the director directly owned 11,275 shares of the company’s stock, valued at $1,048,011.25. The trade was a 28.49% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 6,192 shares of company stock worth $576,979 and have sold 7,539 shares worth $706,906. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Sempra Energy

A number of large investors have recently modified their holdings of the company. State Street Corp boosted its stake in 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 purchasing an additional 1,824,280 shares during the period. Morgan Stanley increased its stake in shares of Sempra Energy by 17.0% in the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after purchasing an additional 3,250,783 shares during the period. Invesco Ltd. raised its holdings in shares of Sempra Energy by 40.1% during the third 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. Northern Trust Corp raised its holdings in shares of Sempra Energy by 1.0% during the third quarter. Northern Trust Corp now owns 6,739,419 shares of the utilities provider’s stock valued at $606,413,000 after buying an additional 65,358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Sempra Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,073,660 shares of the utilities provider’s stock worth $359,663,000 after buying an additional 65,595 shares during the period. Institutional investors and hedge funds own 89.65% of the company’s stock.

Trending Headlines about Sempra Energy

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

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.