Jun 2026 (Q2 FY26) — Aug 6, 2026
Sempra Q2 FY26 — Strong Performance, Oncor Growth Opportunities, and Strategic Portfolio Optimization
Read the full callSempra (SRE) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Sempra earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,428 | −6.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | 1,037 | +13.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 14 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| ECA LNG Phase 1 substantial completion / commercial operations date | Summer 2025 | Dec 2023 | Given where we are, we expect the project to reach substantial completion into the fourth quarter of 2026 with sales under our long-term sale and purchase agreements commencing shortly thereafter. | Delayed |
| Full-year 2026 adjusted EPS guidance | $4.80 to $5.30 | Mar 2025 | we're affirming our full year 2026 adjusted EPS guidance range of $4.80 to $5.30, and 2027 EPS guidance range of $5.10 to $5.70 | On Track |
| Cimarron Wind commercial operations date (COD) | First half of 2026 | Mar 2025 | We declared COD at Cimarron wind during the quarter. | Achieved |
14 of SEMPRA's 22 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 19 more targets are in the full ledger.
Claimed
- Achieved double-digit gains in adjusted EPS for the first half of the year.
- Affirmed full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 and 2027 EPS guidance range of $5.10 to $5.70.
- Affirmed projected long-term EPS growth rate of 7% to 9%.
- Oncor's 5-year base capital plan of $47.5 billion and $10 billion in incremental capital opportunities are progressing, with an expectation for the roll-forward plan to increase.
- Expected closing of SI Partners transaction later in Q3 FY26, deconsolidating over $9 billion of debt and displacing common equity needs.
Qualified
- ECA LNG Phase 1 substantial completion delayed to Q4 2026 due to equipment damage, impacting sales commencement.
- Uncertainty and potential delays in ERCOT's batch zero process for large load interconnections due to new audit requirements and political commentary.
- Ongoing political commentary and landowner concerns regarding 765 kV transmission approval process in Texas, potentially impacting timelines.
Price
$81.74 −2.00% · −$1.67
Performance −10.5% 1Y
1Y: $91.29 on 17 Oct 2025 → $81.74. High $99.75 (9 Apr 2026), low $76.89 (28 Sept 2026).
- Previous close
- $83.41
- 52-week range
- $76.89 – $99.75
- One year
- −11.84%
Overview
- Symbol
- SRE
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 14 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| ECA LNG Phase 1 substantial completion / commercial operations date | Summer 2025 | Dec 2023 | Given where we are, we expect the project to reach substantial completion into the fourth quarter of 2026 with sales under our long-term sale and purchase agreements commencing shortly thereafter. | Delayed |
| Full-year 2026 adjusted EPS guidance | $4.80 to $5.30 | Mar 2025 | we're affirming our full year 2026 adjusted EPS guidance range of $4.80 to $5.30, and 2027 EPS guidance range of $5.10 to $5.70 | On Track |
| Cimarron Wind commercial operations date (COD) | First half of 2026 | Mar 2025 | We declared COD at Cimarron wind during the quarter. | Achieved |
Claimed
- Achieved double-digit gains in adjusted EPS for the first half of the year.
- Affirmed full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 and 2027 EPS guidance range of $5.10 to $5.70.
- Affirmed projected long-term EPS growth rate of 7% to 9%.
- Oncor's 5-year base capital plan of $47.5 billion and $10 billion in incremental capital opportunities are progressing, with an expectation for the roll-forward plan to increase.
- Expected closing of SI Partners transaction later in Q3 FY26, deconsolidating over $9 billion of debt and displacing common equity needs.
Qualified
- ECA LNG Phase 1 substantial completion delayed to Q4 2026 due to equipment damage, impacting sales commencement.
- Uncertainty and potential delays in ERCOT's batch zero process for large load interconnections due to new audit requirements and political commentary.
- Ongoing political commentary and landowner concerns regarding 765 kV transmission approval process in Texas, potentially impacting timelines.
The full ledger
Open SEMPRA’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Sempra Q1 FY26 — Strong Start with Key Regulatory Wins and Affirmed Outlook
Read the full callDec 2025 (Q4 FY25) — Feb 26, 2026
Sempra Q4 FY25 — Record Capital Plan and Strong 2030 EPS Outlook
Read the full callEvery analysed call
Sempra earnings calls (SRE)
Financials
What the filings say
Net profit, year on year: +13% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,011 | 2,776 | 3,758 | 3,681 | 2,700 | 2,756 | 4,565 | 3,428 |
| Interest | 311 | 328 | 105 | 433 | 359 | 403 | 337 | 382 |
| Profit before tax | 308 | 200 | 897 | 651 | 298 | 160 | 60 | 848 |
| Tax rate | −42.2% | −52.5% | 31.4% | 8.8% | 57.7% | 301.3% | −16.7% | 7.7% |
| Net profit | 725 | 649 | 676 | 917 | 473 | 95 | 352 | 1,037 |
| EPS ($ per share) | 1.13 | 1.01 | — | 1.39 | 0.71 | 0.12 | — | 1.59 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 5,540 | 7,480 | 7,053 | 11,862 | 12,160 | 12,204 | 13,520 | 14,699 |
| Reserves | 10,104 | 11,130 | 13,673 | 13,548 | 14,201 | 15,732 | 16,979 | 17,092 |
| Total liabilities | 41,390 | 43,860 | 41,689 | 44,626 | 49,318 | 53,527 | 58,367 | 72,085 |
| Fixed assets | 34,439 | 36,452 | 40,003 | 43,894 | 47,782 | 54,960 | 61,437 | 49,011 |
| Total assets | 60,638 | 65,665 | 66,623 | 72,045 | 78,574 | 87,181 | 96,155 | 110,878 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 3,516 | 3,088 | 2,591 | 3,842 | 1,142 | 6,218 | 4,907 | 4,565 |
| Cash from investing | -12,470 | -4,593 | 553 | -5,508 | -5,039 | -8,716 | -9,118 | -12,537 |
| Cash from financing | 8,850 | 1,475 | -2,373 | 1,260 | 3,779 | 2,419 | 5,424 | 9,930 |
| Net cash flow | -118 | -29 | 768 | -404 | -119 | -73 | 1,200 | 1,963 |
| Capital expenditure | -3,544 | -3,708 | -4,676 | -5,015 | -5,357 | -8,397 | -8,215 | -10,612 |
| Free cash flow | -28 | -620 | -2,085 | -1,173 | -4,215 | -2,179 | -3,308 | -6,047 |
SRE revenue by segment
Sempra Infrastructure shrank from 19% to 7% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Sempra California | 81% | 89% | 94% | 91% | 91% | 74% | 94% | 92% | +5.2% |
| Sempra Infrastructure | 19% | 11% | 7% | 10% | 9% | 26% | 7% | 9% | -8.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
65 filings between Nov 7, 2025 and Jun 17, 2026.
Open market
decisions to buy or sellPurchases
$577.0K
3 purchases by 3 insiders
Sales
$8.45M
19 sales by 8 insiders
74% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 21
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Martin Jeffrey W | — | $4.69M | Jan 5, 2026 |
| Winn Caroline Ann | — | $1.27M | Jun 17, 2026 |
| Sedgwick Karen L | — | $1.15M | Mar 9, 2026 |
| Larroque Alexander Lisa | — | $400.0K | Nov 7, 2025 |
| DAY DIANA L | — | $304.0K | May 14, 2026 |
| Wold Dyan Z. | — | $284.8K | Mar 16, 2026 |
| MARK RICHARD J | $251.2K | — | Mar 11, 2026 |
| Ferrero Pablo | — | $232.8K | May 18, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 17, 2026 | Winn Caroline Ann Executive Vice President | Sale | 7,900 | $715.4K |
| Jun 17, 2026 | Winn Caroline Ann Executive Vice President | Sale | 100 | $9.0K |
| May 18, 2026 | Ferrero Pablo Director | Sale | 2,600 | $232.8K |
| May 14, 2026 | DAY DIANA L Chief Legal Counsel | Sale 10b5-1 plan | 3,300 | $304.0K |
| May 12, 2026 | Weaving Anya Director | Award | 1,499 | $0 |
| May 12, 2026 | CONESA ANDRES Director | Tax withheld | 576 | $53.8K |
| May 12, 2026 | Ferrero Pablo Director | Tax withheld | 576 | $53.8K |
| May 12, 2026 | Ferrero Pablo Director | Award | 1,499 | $0 |
| May 12, 2026 | CONESA ANDRES Director | Award | 1,499 | $0 |
| May 12, 2026 | MARK RICHARD J Director | Award | 1,499 | $0 |
| Apr 1, 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Sale 10b5-1 plan | 1,128 | $109.1K |
| Mar 16, 2026 | Wold Dyan Z. VP, Controller and CAO | Sale 10b5-1 plan | 1,539 | $146.8K |
| Mar 12, 2026 | Kirk Jennifer M Director | Purchase | 1,000 | $93.4K |
| Mar 11, 2026 | WARNER CYNTHIA J Director | Purchase | 2,500 | $232.4K |
| Mar 11, 2026 | MARK RICHARD J Director | Purchase | 2,692 | $251.2K |
| Mar 9, 2026 | Sedgwick Karen L Executive VP and CFO | Sale 10b5-1 plan | 1,186 | $110.9K |
| Mar 9, 2026 | Sedgwick Karen L Executive VP and CFO | Sale 10b5-1 plan | 2,699 | $250.0K |
| Mar 9, 2026 | Sedgwick Karen L Executive VP and CFO | Sale 10b5-1 plan | 987 | $90.2K |
| Jan 27, 2026 | Larroque Alexander Lisa SVP, Corp Affairs and HR | Tax withheld | 577 | $50.3K |
| Jan 27, 2026 | Larroque Alexander Lisa SVP, Corp Affairs and HR | Award | 966 | $0 |
| Jan 27, 2026 | Wold Dyan Z. VP, Controller and CAO | Award | 310 | $0 |
| Jan 27, 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Award | 2,855 | $0 |
| Jan 27, 2026 | DAY DIANA L Chief Legal Counsel | Tax withheld | 508 | $44.3K |
| Jan 27, 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Award | 2,070 | $0 |
| Jan 27, 2026 | DAY DIANA L Chief Legal Counsel | Award | 1,046 | $0 |
| Jan 27, 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Tax withheld | 1,704 | $148.4K |
| Jan 27, 2026 | DAY DIANA L Chief Legal Counsel | Award | 758 | $0 |
| Jan 27, 2026 | Winn Caroline Ann Executive Vice President | Award | 2,623 | $0 |
| Jan 27, 2026 | Martin Jeffrey W Chairman, CEO and President | Award | 22,179 | $0 |
| Jan 27, 2026 | Wold Dyan Z. VP, Controller and CAO | Award | 427 | $0 |
| Jan 27, 2026 | Martin Jeffrey W Chairman, CEO and President | Tax withheld | 17,281 | $1.51M |
| Jan 27, 2026 | Winn Caroline Ann Executive Vice President | Tax withheld | 1,575 | $137.2K |
| Jan 27, 2026 | Winn Caroline Ann Executive Vice President | Award | 1,903 | $0 |
| Jan 27, 2026 | Sedgwick Karen L Executive VP and CFO | Tax withheld | 1,783 | $155.3K |
| Jan 27, 2026 | Sedgwick Karen L Executive VP and CFO | Award | 2,986 | $0 |
| Jan 27, 2026 | Sedgwick Karen L Executive VP and CFO | Award | 2,166 | $0 |
| Jan 27, 2026 | Sagara Kevin C. Director | Tax withheld | 3,605 | $314.1K |
| Jan 27, 2026 | Martin Jeffrey W Chairman, CEO and President | Award | 16,085 | $0 |
| Jan 27, 2026 | Sagara Kevin C. Director | Award | 4,320 | $0 |
| Jan 27, 2026 | Sagara Kevin C. Director | Award | 3,133 | $0 |
| Jan 27, 2026 | Wold Dyan Z. VP, Controller and CAO | Tax withheld | 254 | $22.2K |
| Jan 27, 2026 | Larroque Alexander Lisa SVP, Corp Affairs and HR | Award | 700 | $0 |
| Jan 15, 2026 | Wold Dyan Z. VP, Controller and CAO | Tax withheld | 5 | $487 |
| Jan 15, 2026 | Larroque Alexander Lisa SVP, Corp Affairs and HR | Tax withheld | 10 | $923 |
| Jan 15, 2026 | BIRD JUSTIN CHRISTOPHER Executive Vice President | Tax withheld | 6 | $591 |
| Jan 15, 2026 | DAY DIANA L Chief Legal Counsel | Tax withheld | 9 | $863 |
| Jan 15, 2026 | Winn Caroline Ann Executive Vice President | Tax withheld | 16 | $1.5K |
| Jan 15, 2026 | Sedgwick Karen L Executive VP and CFO | Tax withheld | 6 | $568 |
| Jan 5, 2026 | Martin Jeffrey W Chairman, CEO and President | Sale 10b5-1 plan | 20,533 | $1.79M |
| Jan 5, 2026 | Martin Jeffrey W Chairman, CEO and President | Sale 10b5-1 plan | 2,278 | $199.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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