Sempra Energy (NYSE:SRE) Posts Earnings Results, Meets Estimates

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

NYSE SRE traded down $0.02 during trading hours on Friday, reaching $91.55. 4,296,592 shares of the stock traded hands, compared to its average volume of 3,288,909. The stock has a 50 day simple moving average of $95.10 and a two-hundred day simple moving average of $92.01. Sempra Energy has a 1 year low of $73.06 and a 1 year high of $101.04. 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 company has a market cap of $59.81 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 3.43 and a beta of 0.60.

Sempra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Thursday, March 19th were paid a dividend of $0.6575 per share. This is a positive change from Sempra Energy’s previous quarterly dividend of $0.65. This represents a $2.63 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 19th. Sempra Energy’s dividend payout ratio is 95.29%.

Insider Buying and Selling at Sempra Energy

In other news, Director Cynthia J. Warner bought 2,500 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average price of $92.95 per share, for a total transaction of $232,375.00. Following the completion of the acquisition, the director owned 11,275 shares of the company’s stock, valued at approximately $1,048,011.25. This trade represents a 28.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Justin Christopher Bird sold 1,128 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $96.69, for a total transaction of $109,066.32. Following the sale, the executive vice president directly owned 21,632 shares of the company’s stock, valued at $2,091,598.08. The trade was a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, 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.

Hedge Funds Weigh In On Sempra Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its position in Sempra Energy by 17.0% during the fourth quarter. Morgan Stanley now owns 22,330,091 shares of the utilities provider’s stock valued at $1,971,524,000 after buying an additional 3,250,783 shares during the period. Invesco Ltd. lifted its holdings in shares of Sempra Energy by 40.1% during the third quarter. Invesco Ltd. now owns 10,419,115 shares of the utilities provider’s stock valued at $937,512,000 after purchasing an additional 2,984,409 shares during the last quarter. State Street Corp boosted its position 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 worth $3,273,460,000 after purchasing an additional 1,824,280 shares in the last quarter. Merewether Investment Management LP boosted its position 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 worth $127,061,000 after purchasing an additional 1,279,431 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Sempra Energy by 2,293.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 793,397 shares of the utilities provider’s stock worth $70,049,000 after purchasing an additional 760,254 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

Key Sempra Energy News

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

Wall Street Analyst Weigh In

A number of analysts have commented on SRE shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Sempra Energy in a report on Monday, April 20th. Truist Financial set a $108.00 target price on Sempra Energy and gave the company a “buy” rating in a report on Monday, April 20th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $118.00 target price on shares of Sempra Energy in a report on Tuesday, April 21st. Argus raised Sempra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley set a $104.00 target price on Sempra Energy and gave the company an “overweight” rating in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.67.

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.