Sempra Energy (NYSE:SRE) Posts Earnings Results, Beats Expectations By $0.16 EPS

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

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 Stock Performance

Shares of Sempra Energy stock traded up $0.75 on Thursday, hitting $95.25. The stock had a trading volume of 4,950,866 shares, compared to its average volume of 4,169,360. The stock has a market cap of $62.17 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. The company has a quick ratio of 1.56, a current ratio of 1.59 and a debt-to-equity ratio of 0.76. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $97.45. The business’s 50 day moving average is $89.33 and its two-hundred day moving average is $88.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SRE. JPL Wealth Management LLC acquired a new stake in shares of Sempra Energy during the third quarter worth $41,000. Cary Street Partners Financial LLC increased its position in Sempra Energy by 78.5% during the second quarter. Cary Street Partners Financial LLC now owns 771 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 339 shares during the period. DV Equities LLC acquired a new stake in Sempra Energy in the 4th quarter worth about $80,000. McMillan Office Inc. bought a new stake in Sempra Energy in the 4th quarter valued at about $168,000. Finally, MUFG Securities EMEA plc bought a new stake in Sempra Energy in the 2nd quarter valued at about $146,000. 89.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SRE shares. Wells Fargo & Company reissued an “overweight” rating and set a $112.00 price target (down from $115.00) on shares of Sempra Energy in a research report on Tuesday, January 20th. Morgan Stanley reiterated an “overweight” rating and set a $101.00 price objective on shares of Sempra Energy in a research note on Friday, February 20th. UBS Group reissued an “outperform” rating and issued a $100.00 target price on shares of Sempra Energy in a research note on Thursday, January 22nd. Barclays set a $95.00 target price on shares of Sempra Energy and gave the stock an “overweight” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Sempra Energy in a research note on Wednesday, January 21st. One 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.10.

Sempra Energy News Summary

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

• Positive Sentiment: Q4 EPS beat — Sempra reported fourth‑quarter EPS of $1.28, topping consensus estimates and signaling operational resilience despite mixed revenue trends. Sempra Q4 Earnings Beat (Zacks)
• Positive Sentiment: Raised long-term outlook and five‑year capital plan — Management increased its five‑year capital plan (~+16% to $65B) and issued a robust 2030 EPS outlook, signaling commitment to grid investments and growth drivers that support future earnings. Reuters: Sempra Lifts Capital Plan
• Positive Sentiment: Analyst support — Morgan Stanley maintained an Overweight rating and raised its price target (to $101), which can reinforce buy-side interest. Morgan Stanley Overweight / PT Raise
• Neutral Sentiment: Mixed guidance vs. near-term consensus — Sempra updated FY2026 (EPS 4.80–5.30) and FY2027 (5.10–5.70) guidance; FY2027 range roughly lines up with consensus while FY2026 midpoint is close but slightly below some estimates — creates a mixed near-term outlook.
• Neutral Sentiment: Full‑year results were mixed — On a GAAP basis 2025 EPS declined vs. 2024, but adjusted full‑year adjusted EPS improved modestly year‑over‑year, a nuance investors will parse for quality of earnings. PR Newswire: 2025 Financial Results
• Negative Sentiment: Revenue and cash pressure — Q4 revenue slightly missed estimates and management noted tighter cash levels; lower year‑over‑year EPS (vs. prior year) and near‑term cash/working capital dynamics can weigh on sentiment. Zacks: Revenues Fall Y/Y
• Negative Sentiment: Short interest jumped — Large increase in short interest (~+30% in February) raises the risk of downward pressure or volatility if bearish sentiment persists.

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.