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

Sempra Energy (NYSE:SRE) announced its earnings results on Thursday. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18, Zacks reports. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.31 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 earnings per share. 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 Stock Down 2.1%

Sempra Energy stock traded down $1.67 during midday trading on Friday, hitting $78.16. The stock had a trading volume of 6,946,928 shares, compared to its average volume of 3,143,328. The business has a fifty day moving average price of $82.04 and a 200 day moving average price of $89.23. Sempra Energy has a 12 month low of $76.21 and a 12 month high of $101.04. The stock has a market cap of $51.11 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.37 and a beta of 0.55. 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 Dividend Announcement

The company 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 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 24th. Sempra Energy’s payout ratio is currently 76.23%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Sempra Energy from $102.00 to $99.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Scotiabank began coverage on Sempra Energy in a research note on Tuesday, September 29th. They set a “sector perform” rating and a $83.00 target price for the company. HSBC initiated coverage on shares of Sempra Energy in a research report on Thursday, October 22nd. They set a “buy” rating and a $97.50 price target for the company. Mizuho lowered shares of Sempra Energy from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $104.00 to $84.00 in a research note on Monday, August 31st. Finally, The Goldman Sachs Group lifted their price target on shares of Sempra Energy from $109.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $99.47.

Key Sempra Energy News

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

About Sempra Energy

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.