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

Sempra Energy (NYSE:SRE) issued its quarterly earnings data on Thursday. The utilities provider reported $1.16 EPS for the quarter, topping the consensus estimate of $1.01 by $0.15, Briefing.com reports. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.14 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%.The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business 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 NYSE:SRE traded down $0.29 during mid-day trading on Friday, reaching $84.06. 6,401,551 shares of the stock were exchanged, compared to its average volume of 3,161,608. The stock’s 50 day simple moving average is $91.23 and its 200-day simple moving average is $92.30. Sempra Energy has a one year low of $78.97 and a one year high of $101.04. The company has a market cap of $54.95 billion, a P/E ratio of 24.36, a P/E/G ratio of 2.03 and a beta of 0.57. The company has a quick ratio of 1.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.78.

Sempra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, June 25th were given a dividend of $0.6575 per share. This represents a $2.63 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Sempra Energy’s dividend payout ratio is currently 89.15%.

Insider Buying and Selling at Sempra Energy

In other news, Director Pablo Ferrero sold 2,600 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $89.53, for a total value of $232,778.00. Following the sale, the director owned 15,423 shares of the company’s stock, valued at $1,380,821.19. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Diana L. Day sold 3,300 shares of the business’s 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 completion of the sale, the insider directly owned 22,870 shares in the company, valued at approximately $2,107,013.10. This represents a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 13,900 shares of company stock worth $1,261,207. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Sempra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in Sempra Energy during the third quarter valued at approximately $41,000. Cary Street Partners Financial LLC increased its position in shares of Sempra Energy by 78.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 339 shares during the last quarter. DV Equities LLC acquired a new position in shares of Sempra Energy during the 4th quarter worth approximately $80,000. MUFG Securities EMEA plc acquired a new position in shares of Sempra Energy during the 2nd quarter worth approximately $146,000. Finally, McMillan Office Inc. bought a new stake in shares of Sempra Energy during the 4th quarter worth approximately $168,000. 89.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SRE has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Sempra Energy in a research report on Friday, July 17th. TD Cowen began coverage on Sempra Energy in a research note on Wednesday, July 8th. They set a “buy” rating for the company. Truist Financial set a $104.00 target price on shares of Sempra Energy and gave the stock a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research note on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $108.00 price target on shares of Sempra Energy in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Sempra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $104.23.

Key Stories Impacting Sempra Energy

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

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.