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

Sempra Energy (NYSE:SRE) issued its quarterly earnings results on Thursday. The utilities provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18, Zacks reports. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.31 billion. Sempra Energy had a return on equity of 8.49% and a net margin of 16.70%. Sempra Energy’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $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 Performance

Shares of SRE stock traded down $1.67 during trading on Friday, reaching $78.16. 6,946,928 shares of the company’s stock traded hands, compared to its average volume of 3,143,328. The company has a market capitalization of $51.11 billion, a P/E ratio of 16.74, a PEG 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. The firm’s 50-day moving average is $82.04 and its 200 day moving average is $89.23. Sempra Energy has a 1 year low of $76.21 and a 1 year high of $101.04.

Sempra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, September 24th were given a $0.6575 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.63 annualized dividend and a dividend yield of 3.4%. Sempra Energy’s payout ratio is 76.23%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SRE. Barclays restated an “overweight” rating and issued a $90.00 price objective (down from $103.00) on shares of Sempra Energy in a research note on Monday, October 12th. LADENBURG THALM/SH SH reduced their price objective on Sempra Energy from $98.00 to $89.50 and set a “buy” rating for the company in a report on Tuesday, September 22nd. BMO Capital Markets set a $102.00 target price on Sempra Energy and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Morgan Stanley lowered their target price on Sempra Energy from $104.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, September 18th. Finally, Wall Street Zen upgraded Sempra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Sempra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.47.

Sempra Energy News Roundup

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

Sempra Energy Company Profile

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.