Sempra Energy (NYSE:SRE) Issues Quarterly Earnings Results

Sempra Energy (NYSE:SRE) issued its quarterly earnings results on Thursday. The utilities provider reported $1.51 earnings per share for the quarter, meeting the consensus estimate of $1.51, Briefing.com reports. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $4.10 billion. Sempra Energy had a net margin of 14.31% and a return on equity of 8.20%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 earnings per share. 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 Price Performance

Shares of NYSE SRE traded down $0.02 during midday trading on Friday, reaching $91.55. 4,296,592 shares of the stock traded hands, compared to its average volume of 3,288,909. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.69 and a quick ratio of 1.57. The stock has a market capitalization of $59.81 billion, a PE ratio of 31.03, a P/E/G 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. The company’s 50 day moving average is $95.10 and its 200 day moving average is $92.01.

Sempra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, March 19th were given a dividend of $0.6575 per share. The ex-dividend date was Thursday, March 19th. This represents a $2.63 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from Sempra Energy’s previous quarterly dividend of $0.65. Sempra Energy’s dividend payout ratio is currently 95.29%.

Key Headlines Impacting 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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group reiterated a “neutral” rating and issued a $100.00 price target (up from $96.00) on shares of Sempra Energy in a research report on Friday, March 6th. Wells Fargo & Company reiterated an “overweight” rating and issued a $118.00 price target on shares of Sempra Energy in a research report on Tuesday, April 21st. Morgan Stanley set a $104.00 price target on shares of Sempra Energy and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price target on shares of Sempra Energy from $98.00 to $106.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.67.

Insider Activity

In other news, EVP Justin Christopher Bird sold 1,128 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $96.69, for a total transaction of $109,066.32. Following the completion of the transaction, the executive vice president directly owned 21,632 shares in the company, valued at approximately $2,091,598.08. This represents a 4.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard J. Mark bought 2,692 shares of the stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $93.30 per share, with a total value of $251,163.60. Following the completion of the transaction, the director directly owned 17,376 shares in the company, valued at approximately $1,621,180.80. The trade was a 18.33% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 6,192 shares of company stock worth $576,979 and sold 7,539 shares worth $706,906. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of Sempra Energy during the 3rd quarter valued at approximately $41,000. Cary Street Partners Financial LLC raised its holdings in Sempra Energy by 78.5% during the 2nd quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock valued at $58,000 after buying an additional 339 shares during the period. DV Equities LLC purchased a new stake in Sempra Energy during the 4th quarter valued at $80,000. McMillan Office Inc. purchased a new stake in Sempra Energy during the 4th quarter valued at $168,000. Finally, MUFG Securities EMEA plc purchased a new stake in Sempra Energy during the 2nd quarter valued at $146,000. 89.65% of the stock is currently owned by institutional investors.

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.