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Sempra (SRE) stock

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NYSE: SRE NYSE Multi-Utilities Next results ~November 5, 2026

C Fundamentals grade

Sempra is a US-listed company in the multi-utilities industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$65

Valuation models combined (5)

Base case. Range ~$52–$87. Weighted average of 5 models (utility earnings model, forward price-to-earnings vs peers, justified price-to-book, residual income, dividend discount (two-stage)), the utility earnings model counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 30% above our base value.

Price used: $85.12, November 3, 2026

Sempra valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders3 buying, 8 selling3 purchases and 19 sales by directors and officers, last 12 monthsInsider trades
  • Funds610 adding, 528 cuttingOf 81 active managers that changed their stake, 37 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sempra files

Where Sempra stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $13.6bn, up 1.6% on a year earlier, about the same pace as a quarter earlier. That puts it 11 of 11 for growth among the multi-utilities companies we cover. Free-cash-flow margin fell to -38.7% from -32.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 1 financial-health checks. Our valuation models combined value is $59.97 a share, against a share price of $82.86.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Sempra's trailing-twelve-month revenue grew 1.6% year on year, with a free-cash-flow margin of -38.7%. Where it stands out: long-term debt as % of assets of 26.9% ranks 1 of 16 multi-utilities companies we cover. Where it lags: stock pay as % of revenue of 0.7% ranks 8 of 8 multi-utilities companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 10% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Sempra's latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $85.97 is 24% above our value per share of $65.
  • Burning cash. Free cash flow was -38.7% of revenue over the last 12 months.
  • High debt. Long-term debt exceeds cash by $31.0bn, more than 1.5 times annual revenue.
  • Weak cash conversion. Free cash flow was -230% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.7% ranks 8 of 8 multi-utilities companies we cover (median 0.5%).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.16 against an average estimate of $1.06: beat by 9.6%
Revenue
$3.00bn, down 0.1% on a year earlier
Share reaction
-0.9% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
full-year 2026 GAAP earnings-per-common share (EPS) guidance range $5.02 to $5.55 (full-year 2026); 2026 adjusted EPS guidance range $4.8 to $5.3 (2026)
Next report
November 5, 2026; average EPS estimate $1.21

Sempra's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.0%
  • 1 week+0.1%
  • 1 month+8.6%
  • This year-0.4%
  • 1 year-5.3%
  • 5 years+56.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$13.6B
Net margin
16.8%
EPS (TTM, diluted)
$3.48

Growth

Revenue growth
+1.6%
Change in growth rate
+0.1 pts
Share count change
+1.3%

Cash

Free cash flow (TTM)
-$5.2B
FCF margin
-38.7%
Stock pay % of revenue
0.7%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Results
  4. Guidance
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Sempra valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$65
Price used
$85.03close November 3, 2026
Implied change
▼ 23%
Uncertainty
Medium

How we got here: the combined value of 5 valuation models built for a business like Sempra (see the models table below and how they are combined) , with a 7.5% cost of equity. The models span ~$52–~$87; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Sempra as an utility or power producer, with every model that fits that kind of business. Cost of equity 7.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.57 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Utility earnings model Net income growing 3% a year, discounted at 8%: for regulated investment that makes free cash flow negative. ~$72 ~$60–$90 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$87 ~$85–$110 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$54 ~$45–$69 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$52 ~$37–$76 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$55 ~$45–$71 Included
Combined value Weighted average of the models that apply: the primary model (utility earnings model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$65 ~$52–$87 5 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sempra with utilities and power producers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$33.58$36.98$40.47$42.29$60.90$53.12$57.04$68.62$68.58$83.06$86.33$85.97
Market value$16.9bn$18.6bn$20.4bn$22.8bn$34.4bn$31.0bn$35.7bn$43.4bn$43.4bn$53.0bn$56.4bn$56.3bn
+ Net debt (− = net cash)$14.3bn$16.8bn$19.1bn$24.5bn$25.7bn$23.2bn$24.1bn$28.5bn$30.8bn$34.3bn$35.0bn$36.6bn
Enterprise value$31.1bn$35.3bn$39.5bn$47.3bn$60.1bn$54.3bn$59.8bn$72.0bn$74.2bn$87.3bn$91.4bn$92.9bn
Multiples
Price / sales 1.6x1.8x2.1x2.3x3.2x2.7x2.8x3.0x2.6x4.0x4.1x4.2x
Price / earnings 12.5x13.6x79.8x24.7x16.7x8.2x27.1x20.3x14.1x18.5x30.7x24.7x
Price / free cash flow ————————————
EV / EBITDA ————————————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

24 /100

Weak moat

How hard Sempra's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Net income has been a median 3.0% of total assets over 10 years.

  • Durability 5 / 20

    Net margin has been a median 17.1%; its worst year was -6.4%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 10 years, at a median -12.8% of revenue.

  • Discipline 11 / 20

    The diluted share count rose 16.0% over five years; stock-based pay has been a median 0.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $3.3bn and EPS of $1.21 (range $1.13 to $1.25) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.13 +9% $13.8bn +1%
Next $5.54 +8% $13.8bn −0%

Next year's EPS estimate has moved 0.0% in 90 days, across 18 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.4% on 90 days ago. In the last 30 days, 2 analysts raised Sempra's forecast and 1 cut it.

Consensus EPS forecast Sempra, last 90 days
$5.00 $5.20 $5.40 $5.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $5.11 Current fiscal year, 60 days ago: $5.10 Current fiscal year, 30 days ago: $5.11 Current fiscal year, 7 days ago: $5.13 Current fiscal year, Now: $5.13 $5.13 Next fiscal year, 90 days ago: $5.54 Next fiscal year, 60 days ago: $5.54 Next fiscal year, 30 days ago: $5.54 Next fiscal year, 7 days ago: $5.54 Next fiscal year, Now: $5.54 $5.54

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $5.11$5.54
60 days ago $5.10$5.54
30 days ago $5.11$5.54
7 days ago $5.13$5.54
Now $5.13$5.54

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.06 $1.16 +9.6%
Mar 2026 $1.51 $1.51 −0.3%
Dec 2025 $1.17 $1.28 +9.2%
Sept 2025 $0.91 $1.11 +21.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • full-year 2026 GAAP earnings-per-common share (EPS) guidance range full-year 2026 $5.02 to $5.55 GAAP
    “Sempra is updating its full-year 2026 GAAP earnings-per-common share (EPS) guidance range to $5.02 to $5.55, reflecting actual results through the second quarter, affirming its 2026 adjusted EPS guidance range of $4.80 to $5.30 and affirming its full-year 2027 EPS guidance range of $5.10 to $5.70.” source
  • 2026 adjusted EPS guidance range 2026 $4.80 to $5.30 Non-GAAP Maintained
    “Sempra is updating its full-year 2026 GAAP earnings-per-common share (EPS) guidance range to $5.02 to $5.55, reflecting actual results through the second quarter, affirming its 2026 adjusted EPS guidance range of $4.80 to $5.30 and affirming its full-year 2027 EPS guidance range of $5.10 to $5.70.” source
  • full-year 2027 EPS guidance range full-year 2027 $5.10 to $5.70 Maintained
    “Sempra is updating its full-year 2026 GAAP earnings-per-common share (EPS) guidance range to $5.02 to $5.55, reflecting actual results through the second quarter, affirming its 2026 adjusted EPS guidance range of $4.80 to $5.30 and affirming its full-year 2027 EPS guidance range of $5.10 to $5.70.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

21 analysts, Oct 2026
Buy1676%
Hold524%
Sell00%

Monthly trend

  1. Oct 2026313521
  2. Sep 2026412420
  3. Aug 2026311519
  4. Jul 2026312520

Counts of recommendations published by analysts covering Sempra, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.3%
of tradable shares
Days to cover
3.83
at average volume
Short interest, 1 month
+23%
to October 15, 2026
Held by institutions
94%
of shares
Held by insiders
0.1%
of shares
Employees
15,938
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −3.7%

$89.25 on October 31, 2025 to $85.97

ThenNowEffect
Revenue (last 12 months) $13.3bn $13.6bn +1.6%
Net margin 20.4% 16.8% −17.3%
P/E multiple 21.3x 24.7x +16.2%
Share count 647m 655m −1.3%

Biggest factor: net margin.

Last 3 years +30.5%

$65.85 on November 3, 2023 to $85.97

ThenNowEffect
Revenue (last 12 months) $17.0bn $13.6bn −20.1%
Net margin 15.1% 16.8% +11.4%
P/E multiple 16.2x 24.7x +52.0%
Share count 632m 655m −3.5%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SRE+7%+20%−0%+21%+4%−0%
Industry peers (median)+10%+3%−3%+14%+14%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SRE42%58%67%50%67%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SRE−16%−20%−17%−13%−27%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 45% from January 30, 2020 to March 16, 2020. Getting back needed a 82% gain, reached on March 4, 2022, 718 days after the low.

Price behaviour

52-week range
$76.89 – $98.22
From 52-week high
−12.5%
vs 50-day average
+4.9%
vs 200-day average
−2.6%
Volatility (1 year)
20%
Beta vs S&P 500
0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.2%
After a week
5 up, 7 down
typical move ±3.8%
After a month
5 up, 7 down
typical move ±4.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −0.9% +0.5% +2.1% −0.7%
May 7, 2026 −2.3% +0.5% −0.9% −5.0%
February 26, 2026 +1.9% −1.0% −0.6% +2.2%
November 5, 2025 +0.3% −0.7% 0.0% −2.0%
August 7, 2025 +0.7% +0.7% +0.9% −2.1%
May 8, 2025 −0.6% +0.6% +0.8% −1.5%
February 25, 2025 −16.4% −0.4% −19.0% −18.1%
November 6, 2024 +9.1% +3.3% +12.1% +9.7%
August 6, 2024 −1.8% +0.2% −0.2% +5.6%
May 7, 2024 +3.5% +0.1% +5.4% +4.5%
February 27, 2024 −0.3% +0.1% −1.0% +1.4%
November 3, 2023 −0.3% +1.1% −2.4% −0.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Sempra’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Sempra in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Sempra
$12B $13B $14B $15B $16B $17B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $16.7B Revenue (TTM), FY23 Q4: $16.7B Revenue (TTM), FY24 Q1: $13.8B Revenue (TTM), FY24 Q2: $13.5B Revenue (TTM), FY24 Q3: $12.9B Revenue (TTM), FY24 Q4: $13.2B Revenue (TTM), FY25 Q1: $13.3B Revenue (TTM), FY25 Q2: $13.3B Revenue (TTM), FY25 Q3: $13.7B Revenue (TTM), FY25 Q4: $13.7B Revenue (TTM), FY26 Q1: $13.6B Revenue (TTM), FY26 Q2: $13.6B $13.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $16.7B
FY23 Q4 $16.7B
FY24 Q1 $13.8B
FY24 Q2 $13.5B
FY24 Q3 $12.9B
FY24 Q4 $13.2B
FY25 Q1 $13.3B
FY25 Q2 $13.3B
FY25 Q3 $13.7B
FY25 Q4 $13.7B
FY26 Q1 $13.6B
FY26 Q2 $13.6B
Revenue growth, TTM YoY Sempra
-30% -20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 12.5% Revenue growth, TTM YoY, FY23 Q4: 15.8% Revenue growth, TTM YoY, FY24 Q1: -19.7% Revenue growth, TTM YoY, FY24 Q2: -20.6% Revenue growth, TTM YoY, FY24 Q3: -22.6% Revenue growth, TTM YoY, FY24 Q4: -21.1% Revenue growth, TTM YoY, FY25 Q1: -3.3% Revenue growth, TTM YoY, FY25 Q2: -1.0% Revenue growth, TTM YoY, FY25 Q3: 6.1% Revenue growth, TTM YoY, FY25 Q4: 3.9% Revenue growth, TTM YoY, FY26 Q1: 1.6% Revenue growth, TTM YoY, FY26 Q2: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 12.5%
FY23 Q4 15.8%
FY24 Q1 -19.7%
FY24 Q2 -20.6%
FY24 Q3 -22.6%
FY24 Q4 -21.1%
FY25 Q1 -3.3%
FY25 Q2 -1.0%
FY25 Q3 6.1%
FY25 Q4 3.9%
FY26 Q1 1.6%
FY26 Q2 1.6%
FCF margin (TTM) Sempra
-60% -40% -20% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -18.4% FCF margin (TTM), FY23 Q4: -13.0% FCF margin (TTM), FY24 Q1: -17.5% FCF margin (TTM), FY24 Q2: -21.8% FCF margin (TTM), FY24 Q3: -26.8% FCF margin (TTM), FY24 Q4: -25.1% FCF margin (TTM), FY25 Q1: -30.6% FCF margin (TTM), FY25 Q2: -32.8% FCF margin (TTM), FY25 Q3: -35.8% FCF margin (TTM), FY25 Q4: -44.1% FCF margin (TTM), FY26 Q1: -43.1% FCF margin (TTM), FY26 Q2: -38.7% -38.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -18.4%
FY23 Q4 -13.0%
FY24 Q1 -17.5%
FY24 Q2 -21.8%
FY24 Q3 -26.8%
FY24 Q4 -25.1%
FY25 Q1 -30.6%
FY25 Q2 -32.8%
FY25 Q3 -35.8%
FY25 Q4 -44.1%
FY26 Q1 -43.1%
FY26 Q2 -38.7%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 8.1 9.0 10.0 9.6 10.6 11.0 10.2 10.2 9.6 10.1 10.8 11.4 12.9 14.4 16.7 13.2 13.7 13.6
Net income 1.1 0.7 1.3 0.9 1.0 1.2 1.3 1.4 0.3 0.9 2.1 3.8 1.3 2.1 3.1 2.9 1.8 2.3
Diluted EPS $2.26 $1.43 $2.75 $1.74 $2.00 $2.31 $2.69 $2.73 $0.51 $1.71 $3.65 $6.44 $2.01 $3.31 $4.79 $4.42 $2.75 $3.48
Growth (year on year)
Revenue −24.7% +11.1% +11.5% −3.9% +9.4% +4.5% −7.3% −0.5% −5.3% +4.8% +7.2% +5.0% +13.1% +12.3% +15.8% −21.1% +3.9% +1.6%
Net income +0.5% −36.6% +87.7% −35.5% +16.5% +16.0% +16.2% +1.6% −81.3% +260.9% +122.4% +83.2% −65.0% +62.3% +43.8% −6.9% −35.8% −16.0%
Diluted EPS +2.0% −36.7% +92.7% −36.8% +15.2% +15.5% +16.0% +1.7% −81.5% +238.6% +113.2% +76.7% −68.8% +64.7% +44.7% −7.7% −37.8% −17.1%
Margins
Net margin 13.8% 7.9% 13.3% 8.9% 9.5% 10.5% 13.2% 13.5% 2.7% 9.1% 19.0% 33.1% 10.3% 14.8% 18.4% 21.7% 13.4% 16.8%
Free-cash-flow margin −0.5% 1.0% −9.7% −9.7% −7.5% −8.7% −2.5% −18.7% −0.8% −0.3% −5.7% −18.3% −9.1% −29.2% −13.0% −25.1% −44.1% −38.7%
Cash flow
Cash from operations 1.9 2.2 1.9 2.0 1.8 2.2 2.9 2.3 3.6 3.5 3.1 2.6 3.8 1.1 6.2 4.9 4.6 5.4
Capital spending 1.9 2.1 2.8 3.0 2.6 3.1 3.2 4.2 3.7 3.5 3.7 4.7 5.0 5.4 8.4 8.2 10.6 10.7
Free cash flow −0.0 0.1 −1.0 −0.9 −0.8 −1.0 −0.3 −1.9 −0.1 −0.0 −0.6 −2.1 −1.2 −4.2 −2.2 −3.3 −6.0 −5.2
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay −0.1 0.1 −1.0 −1.0 −0.8 −1.0 −0.3 −2.0 −0.2 −0.1 −0.7 −2.2 −1.2 −4.3 −2.3 −3.4 −6.1 −5.3
Balance sheet
Cash 0.1 0.9 0.3 0.5 0.9 0.6 0.4 0.3 0.3 0.1 0.1 1.0 0.6 0.4 0.2 1.6 0.0 0.0
Total debt 8.7 9.5 10.9 12.9 12.9 14.3 14.7 17.1 19.4 24.6 25.8 24.2 24.6 28.9 31.1 35.8 35.0 36.7
Net debt (negative = net cash) 8.5 8.6 10.6 12.4 12.0 13.7 14.3 16.8 19.1 24.5 25.7 23.2 24.1 28.5 30.8 34.3 35.0 36.6
Diluted shares 495m 496m 483m 493m 499m 501m 502m 502m 505m 540m 564m 585m 626m 633m 633m 638m 654m 655m
Returned to shareholders
Dividends 0.3 0.4 0.4 0.6 0.6 0.6 0.6 0.7 0.8 0.9 1.0 1.2 1.3 1.4 1.5 1.5 1.6 1.6
Buybacks 0.0 0.5 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.6 0.3 0.5 0.0 0.0 0.1 0.0
Total returned 0.4 0.9 0.5 0.6 0.7 0.6 0.7 0.7 0.8 0.9 1.0 1.7 1.7 1.9 1.5 1.5 1.7 1.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 5 checks passed · June 30, 2026
What it owns · $115.3bn
Short-term assets $36.3bnLonger-term assets $79.0bn
What it owes, and who funded it · $54.8bn
Short-term liabilities $22.1bnShareholders' equity $32.7bn
  • Short-term assets cover short-term liabilities $36.3bn of assets due within a year against $22.1bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $48m of cash against $34.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 106% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 81% to 106% over five years.
  • A year's operating cash flow covers at least 20% of debt $5.4bn of operating cash flow against $34.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Sempra's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$21M
Dividends (TTM)
$1.6B
Returned to shareholders
-32%
of free cash flow
Buybacks, last 3 fiscal years
$133M
Diluted share count
+1.3%
year over year
Total shareholder yield
3.0%
dividends 2.9% + buybacks 0.0% of market value
Dividend payout ratio
72%
of net income paid out
Days sales outstanding
39 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in multi-utilities
Last 12 months unless stated SRE XEL DTE ED D CNP Median
Revenue, last 12 months $13.6bn $14.9bn $16.5bn $17.7bn $18.1bn $9.8bn $9.0bn
Revenue growth, last 12 months 1.6% 4.5% 15.9% 9.5% 19.0% 7.8% 7.8%
Revenue growth, 3-year average −7.2% 0.1% 0.6% 4.4% 6.9% 2.1% 2.3%
Revenue growth, latest quarter −0.1% 6.6% −1.5% 13.2% 17.6% 10.2% 6.6%
Operating margin — 21.7% 13.3% 18.0% 21.1% 24.4% 20.4%
Operating margin, 3-year average — 19.1% 15.4% 17.5% 23.4% 22.8% 20.4%
Net margin 16.8% 17.9% 8.0% 12.5% 14.0% 11.8% 11.8%
Cash from operations / revenue 40.0% 34.1% 20.4% 22.4% 29.7% 28.8% 28.8%
Free-cash-flow margin −38.7% −51.2% 8.7% 9.2% 16.1% −28.8% −13.3%
Free-cash-flow margin, 3-year average −31.1% −33.5% 11.4% 9.6% 18.9% −25.8% −7.6%
Stock pay / revenue 0.7% 0.3% 0.7% — — — 0.5%
Change in share count 1.3% 6.3% 0.2% 3.4% 2.7% 1.3% 2.2%

Median of all 17 companies we cover in multi-utilities. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

17 multi-utilities companies
Measure Company Peer median Rank
Revenue growth Growth 1.6% 7.8% 15 of 17
Change in growth rate Growth +0.1pp -0.2pp 8 of 17
Net margin Profitability 16.8% 11.8% 4 of 17
Free-cash-flow margin Cash generation -38.7% -13.3% 16 of 17
Stock pay as % of revenue Cash generation 0.7% 0.5% 8 of 8
Long-term debt as % of assets Balance sheet 26.9% 39.5% 1 of 16
Change in share count Balance sheet 1.3% 2.2% 5 of 17
Days sales outstanding Balance sheet 39 days 39 days 8 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Utilities Service Line $11.5B ▲ 4.0%
Natural Gas Gathering Transportation Marketing and Processing $8B ▲ 9.0%
Electricity $4.5B ▼ 1.3%
Energy Related Businesses $911M ▲ 20.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
Entity Wide Disclosure On Geographic Areas United States $12.1B 88.6% ▲ 4.4%
Entity Wide Disclosure On Geographic Areas Mexico $1.6B 11.4% ▲ 0.3%

From Sempra's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$56B
Institutions reporting
1,281
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
101 / 94

Top buyers and sellers, Q2 2026: 610 institutions bought and 528 sold ; the biggest buyer was Vanguard Portfolio Management LLC (+9.3M shares) and the biggest seller Capital Research Global Investors (−5.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5.6B 60.3M 10.0% ▲ 0.6%
Wellington Management Group LLP $4.1B 43.8M 7.3% ▼ 5.0%
Vanguard Capital Management LLC $4B 42.7M 7.1% ▲ 0.7%
State Street Corp $3.5B 38.0M 6.3% ▲ 1.8%
Vanguard Portfolio Management LLC $3.5B 37.3M 6.2% ▲ 33.2%
Morgan Stanley $2.3B 25.0M 4.1% ▲ 2.8%
Jpmorgan Chase & Co $1.9B 20.1M 3.4% ▲ 11.7%
FMR LLC $1.8B 19.5M 3.2% ▲ 5.0%
Geode Capital Management, LLC $1.5B 15.6M 2.6% ▲ 6.4%
Capital International Investors $1.3B 14.5M 2.4% ▼ 22.5%
Invesco Ltd. $1.1B 11.7M 1.9% ▲ 10.7%
Newport Trust Company, LLC $1B 10.9M 1.8% ▼ 2.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sempra's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $576,979 3 trades by 3 insiders, last 12 months Insider sales History → $8.4M 19 trades by 8 insiders · 82% under pre-set plans
Net ▼ $7.9M net selling
Insider Date Trade Shares Price Value
Winn Caroline Ann Executive Vice President June 17, 2026 Sell 7,900 $90.56 $715,424
Winn Caroline Ann Executive Vice President June 17, 2026 Sell 100 $89.85 $8,985
Ferrero Pablo Director May 18, 2026 Sell 2,600 $89.53 $232,778
Day Diana L Chief Legal Counsel May 14, 2026 Sell pre-set plan 3,300 $92.13 $304,029
Bird Justin Christopher Executive Vice President April 1, 2026 Sell pre-set plan 1,128 $96.69 $109,066
Wold Dyan Z. VP, Controller and CAO March 16, 2026 Sell pre-set plan 1,539 $95.38 $146,790
Kirk Jennifer M Director March 12, 2026 Buy 1,000 $93.44 $93,440
Warner Cynthia J Director March 11, 2026 Buy 2,500 $92.95 $232,375
Mark Richard J Director March 11, 2026 Buy 2,692 $93.30 $251,164
Sedgwick Karen L Executive VP and CFO March 9, 2026 Sell pre-set plan 1,186 $93.52 $110,915
Sedgwick Karen L Executive VP and CFO March 9, 2026 Sell pre-set plan 2,699 $92.61 $249,954
Sedgwick Karen L Executive VP and CFO March 9, 2026 Sell pre-set plan 987 $91.36 $90,172

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 40 trades and filings

No trades in Sempra disclosed in the last 12 months; 40 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 5, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Sempra was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Sempra in brief

What does Sempra do?
Sempra is a US-listed company in the multi-utilities industry. Its financial year ends in December.
What is Sempra's stock ticker?
Sempra trades under the ticker SRE on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sempra's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sempra reported revenue of $13.6B, 1.6% higher than a year earlier, according to its SEC filings.
What is Sempra's free cash flow?
Sempra's free-cash-flow margin is -38.7% of revenue over the trailing twelve months, ranking 16 of the 17 multi-utilities companies we cover.
Who are Sempra's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Wellington Management Group LLP and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Sempra buying back stock, and does it pay a dividend?
Sempra spent $21M on share repurchases over the trailing twelve months, and its diluted share count still rose 1.3% over the year.
What is Sempra's market cap?
On November 2, 2026, Sempra's market capitalisation was about $56.3B, with a price-to-earnings ratio of 24.7 and net debt of $36.6B. Market figures come from third-party market data and may be delayed.
Does Sempra pay a dividend?
Yes: Sempra paid $1.6B in dividends over the trailing twelve months, a dividend yield of 2.92% and a payout ratio of 72.0%.
How much debt does Sempra have?
Sempra's debt-to-equity ratio is 105.8%, from its latest balance sheet (81.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Sempra's competitors?
In our Multi-Utilities peer group, the companies closest to Sempra are Xcel Energy, DTE Energy, Consolidated Edison, Dominion Energy and CenterPoint Energy. The side-by-side comparison below sets their revenue, margins and growth against Sempra's.
Are insiders buying or selling Sempra stock?
Over the last 12 months, Sempra's directors and officers reported 3 open-market purchases and 19 sales on Form 4. The insider trading page charts every trade.
When is Sempra's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sempra announces its own schedule.