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

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

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

Sempra Energy Dividend Announcement

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

Sempra Energy News Summary

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

Insider Activity at Sempra Energy

In related news, insider Diana L. Day sold 3,300 shares of Sempra Energy stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $92.13, for a total value of $304,029.00. Following the transaction, the insider owned 22,870 shares in the company, valued at $2,107,013.10. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $90.55, for a total transaction of $724,400.00. Following the sale, the executive vice president owned 25,164 shares of the company’s stock, valued at approximately $2,278,600.20. The trade was a 24.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,900 shares of company stock valued at $1,261,207. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On Sempra Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley lifted 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 buying an additional 3,250,783 shares during the period. Invesco Ltd. grew its holdings in shares of Sempra Energy by 40.1% during the 3rd quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock worth $937,512,000 after acquiring an additional 2,984,409 shares during the period. State Street Corp lifted its stake in shares of Sempra Energy by 5.2% in 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. Merewether Investment Management LP lifted its stake in shares of Sempra Energy by 321.9% in 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 purchasing an additional 1,279,431 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of Sempra Energy by 2,293.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 793,397 shares of the utilities provider’s stock valued at $70,049,000 after purchasing an additional 760,254 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SRE has been the topic of several research analyst reports. Jefferies Financial Group set a $101.00 price target on shares of Sempra Energy in a report on Thursday, July 16th. TD Cowen began coverage on Sempra Energy in a research report on Wednesday, July 8th. They set a “buy” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Sempra Energy in a research note on Friday, July 17th. BMO Capital Markets set a $102.00 price target on Sempra Energy and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, Truist Financial set a $104.00 price target on Sempra Energy and gave the company a “buy” rating in a research report on Monday, May 18th. 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. According to MarketBeat.com, Sempra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.23.

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.