Sempra Energy (SRE)
NYSE:SRE
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.51Last Year’s EPS
1.44Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely constructive and growth-oriented outlook: management reported record adjusted EPS, meaningful improvements in operating cash flow (+$5 billion vs prior plan), an aggressive $65 billion 2026–2030 capital plan (17% increase) focused 95% on regulated utility investments, and strategic portfolio actions (sale of 45% SIP, Ecogas sale, LNG project progress) that together strengthen funding flexibility and support guidance through 2030. Notable near-term weaknesses include material year-over-year GAAP declines (quarterly and full-year), Q4 adjusted softness, continued cost and interest expense pressures, and execution/closing risks tied to transactions and regulatory outcomes (California GRC, Oncor final order, ERCOT batch-zero). On balance, the highlights—strong cash generation, secured funding strategy for the base plan, clear growth visibility, and reiterated multi-year guidance—outweigh the lowlights, though several execution and regulatory risks remain.Company Guidance
Record Adjusted EPS and Strong Annual Results
Full-year 2025 adjusted EPS of $4.69 per share (record), at the high end of guidance; full-year adjusted earnings $3.066 billion vs $2.969 billion in 2024 (+3.3% in dollars, +0.9% on a per-share basis).
Aggressive Capital Deployment and New 5-Year Plan
Deployed $13 billion in CapEx in 2025 and launched a record $65 billion capital plan for 2026–2030 (a 17% increase vs last year's plan), with 95% targeted toward utility investments.
Rate Base and Growth Visibility
Project rate base to grow from $57 billion in 2025 to $97 billion in 2030 (an 11% five-year CAGR); Sempra Texas rate base projected to grow at an ~18% CAGR over the plan period.
Sempra Infrastructure Transaction & Portfolio Actions
Announced sale of a 45% stake in Sempra Infrastructure Partners for $10 billion (implying >$22 billion equity value) and agreement to sell Ecogas for ≈$500 million (~12.7x EBITDA); expected proceeds to strengthen balance sheet and fund growth.
Improved Cash Flow and Funding Plan
Operating cash flows increased by about $5 billion versus last year's plan; expect >$50 billion of funding from operational cash flows and transaction proceeds, eliminating the need for new common equity to fund the base plan.
LNG and Project Execution Progress
Sempra Infrastructure declared FID on Port Arthur LNG Phase 2, reached mechanical completion at ECA LNG Phase 1, and Port Arthur Phase 1 is on track for COD near 2027 — supporting long-term growth in infrastructure earnings.
Affirmed Multi-Year EPS Guidance and Dividend Policy
Affirmed 2026 adjusted EPS guidance of $4.80–$5.30, introduced 2027 guidance $5.10–$5.70, and issued 2030 EPS outlook $6.70–$7.50; targeting annual dividend growth of 2%–4% over the plan period.
Operational & Regulatory Wins
Oncor reached a comprehensive settlement in its base rate review (expected final order H1 2026) that should improve equity layer/ROE/cost of debt; SDG&E named best in the West for electric customer reliability for the 20th consecutive year.
SRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $93.85 | $94.54 | +0.74% |
Nov 05, 2025 | $91.17 | $91.09 | -0.10% |
Aug 07, 2025 | $79.43 | $80.84 | +1.78% |
May 08, 2025 | $73.61 | $73.53 | -0.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sempra Energy (SRE) report earnings?
Sempra Energy (SRE) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Sempra Energy (SRE) earnings time?
Sempra Energy (SRE) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SRE EPS forecast?
SRE EPS forecast for the fiscal quarter 2026 (Q1) is 1.51.