Sempra Energy (NYSE:SRE) Issues Quarterly Earnings Results

Sempra Energy (NYSE:SRE) announced its quarterly earnings results on Thursday. The utilities provider reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.16, Briefing.com reports. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.82 billion. Sempra Energy had a net margin of 15.63% and a return on equity of 8.67%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS.

Here are the key takeaways from Sempra Energy’s conference call:

• Record $65 billion 2026–2030 capital plan (17% increase) with ~95% of spending targeted to utilities, and management issued a 2030 EPS outlook of $6.70–$7.50 plus 2026–2027 guidance, reinforcing a high‑growth, regulated utility strategy.
• Management expects to close the sale of a 45% stake in Sempra Infrastructure Partners for $10 billion (implying >$22 billion equity value) in Q2–Q3 2026, proceeds that are intended to bolster the balance sheet, deconsolidate debt, and avoid new common equity for the base plan.
• Oncor/Texas is the primary growth driver — rate base is projected to rise from $57B to $97B by 2030 (11% CAGR) with Sempra Texas growing ~18% CAGR and $9–10B of tracked incremental transmission upside tied to ERCOT projects and data‑center demand.
• 2025 adjusted EPS was a record $4.69 (high end of guidance) while GAAP results fell year‑over‑year due to prior‑year tax benefits, and management expects ~ $50B of operating cash flow plus transaction proceeds to fund the base plan.
• Execution and regulatory risks remain — unfinished Fit for 2025 cost initiatives, the upcoming California 2028 GRC and wildfire policy work, ERCOT Batch Zero/data‑center uncertainties, and the need to finalize the Oncor settlement and SI Partners close could negatively affect the plan if outcomes are adverse.

Sempra Energy Price Performance

Shares of NYSE SRE traded up $0.86 during midday trading on Thursday, reaching $95.36. The stock had a trading volume of 2,606,462 shares, compared to its average volume of 4,102,604. The company has a market capitalization of $62.24 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. Sempra Energy has a 12-month low of $61.90 and a 12-month high of $97.45. The stock has a 50-day moving average of $89.33 and a 200-day moving average of $88.58. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.56 and a current ratio of 1.59.

Analysts Set New Price Targets

A number of analysts have weighed in on SRE shares. Barclays set a $95.00 price objective on shares of Sempra Energy and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a research report on Wednesday, January 21st. Citigroup reissued a “neutral” rating and set a $99.00 price objective (up from $80.00) on shares of Sempra Energy in a report on Monday, November 24th. Wall Street Zen upgraded shares of Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $112.00 price objective (down from $115.00) on shares of Sempra Energy in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.10.

Institutional Investors Weigh In On Sempra Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new position in shares of Sempra Energy during the third quarter valued at about $41,000. Cary Street Partners Financial LLC increased its position in Sempra Energy by 78.5% in the second 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 purchased a new stake in Sempra Energy during the fourth quarter valued at $80,000. MUFG Securities EMEA plc purchased a new position in shares of Sempra Energy in the 2nd quarter worth $146,000. Finally, McMillan Office Inc. purchased a new stake in Sempra Energy during the fourth quarter valued at approximately $168,000. Institutional investors own 89.65% of the company’s stock.

Sempra Energy News Summary

Here are the key news stories impacting Sempra Energy this week:

• Positive Sentiment: Q4 EPS beat and management raised long‑term earnings outlook — Sempra reported $1.28 EPS, beating the $1.12 consensus, and issued an upbeat 2030 EPS outlook that signals higher long‑term earnings power, which supports upside to multiple and investor confidence. Zacks Article
• Positive Sentiment: Management raised five‑year capital plan (16% increase to $65B) to accelerate grid modernization and infrastructure investment — higher capex supports future regulated returns and growth in utility and transmission earnings. Reuters Article
• Positive Sentiment: Analyst support — Morgan Stanley reaffirmed an Overweight rating and raised its price target to $101, which can help lift investor sentiment and buying interest. InsiderMonkey Article
• Neutral Sentiment: Updated multi‑year guidance — Sempra provided FY2026 (4.80–5.30 EPS), FY2027 (5.10–5.70 EPS) and FY2030 (6.70–7.50 EPS) ranges. These establish a clearer growth path but contain wide ranges that leave some near‑term uncertainty about the cadence of earnings. See company release and slide deck for details. Slide Deck / Press Release
• Neutral Sentiment: Full‑year 2025 results mixed — On a GAAP basis 2025 earnings were lower than 2024, but adjusted results showed modest growth year‑over‑year; investors should parse one‑time items versus underlying regulated earnings. PR Newswire Release
• Negative Sentiment: Revenue and cash concerns — Q4 revenue missed consensus ($3.75B vs. $3.82B) and the company reported lower profits and tighter cash levels, which short‑term investors may view as a warning on near‑term cash flow and margins. Zacks Article
• Negative Sentiment: Notable rise in short interest — Short interest jumped ~30% in February, which can pressure the stock if sentiment sours or fuel volatility via short covering. (Data provided in news feed.)

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.