Sempra
Owner of regulated California and Texas utilities alongside North American energy infrastructure.
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Profile
Operates regulated electric and gas utilities in California and Texas through SDG&E, SoCalGas and stakes in Oncor and Sharyland, earning through approved network investment and delivery charges. LNG terminals, pipelines and renewable-power assets remain in the portfolio while a pending sale would reduce that infrastructure platform to a minority interest.
Owns regulated energy networks across California and Texas. Sempra California combines SDG&E, which distributes electricity and gas around San Diego, with SoCalGas, a gas distribution, transmission and storage utility across Southern and Central California. Sempra Texas Utilities holds stakes in Oncor and Sharyland, electricity transmission and distribution businesses.
Also operates LNG terminals, gas pipelines and renewable-power assets in the United States and Mexico through Sempra Infrastructure. Execution centers on long-lived utility network investment and contracted infrastructure projects. The completed Ecogas sale and pending sale of a controlling infrastructure stake are concentrating capital on U.S. utilities; closing would leave a minority infrastructure interest.
Returns depend on rate approvals from California and Texas regulators. Oncor is ring-fenced and independently managed, limiting access to its cash and control over operations.
Company facts
Key statistics
Year to date −6.0% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 13, 2026 | Truist Financial | Target | $104 | $100 | |
| Jul 22, 2026 | Morgan Stanley | Reiterate | Overweight | $105 | $108 |
| Jul 22, 2026 | BMO Capital | Reiterate | Outperform | $99 | $102 |
| Jul 16, 2026 | Jefferies | Target | $89 | $101 | |
| Jul 9, 2026 | Barclays | Reiterate | Overweight | $105 | $103 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.01 | $1.16 | +14.9% | $3.14B | $3.00B | −4.5% | −0.37% |
| May 7, 2026Q1 FY26 | $1.51 | $1.51 | 0.0% | $4.10B | $3.66B | −10.9% | −0.04% |
| Feb 26, 2026Q4 FY25 | $1.24 | $1.28 | +3.2% | $4.05B | $3.75B | −7.4% | +1.12% |
| Nov 5, 2025Q3 FY25 | $0.91 | $1.11 | +21.8% | $2.93B | $3.18B | +8.5% | +0.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.80B | $3.00B | $3.18B | $3.77B | $3.66B | $3.00B | |
| Gross profit | $1.16B | $749.0M | $821.0M | $1.29B | $1.92B | $1.64B | |
| Operating income | $968.0M | $584.0M | $627.0M | $1.11B | $1.09B | $832.0M | |
| Net income | $917.0M | $473.0M | $95.0M | $352.0M | $1.04B | $797.0M | |
| Diluted EPS | $1.39 | $0.71 | $0.12 | $0.54 | $1.58 | $1.21 | |
| Gross margin | 30.6% | 25.0% | 25.8% | 34.4% | 52.6% | 54.7% | |
| Operating margin | 25.5% | 19.5% | 19.7% | 29.3% | 29.8% | 27.8% |
Fiscal years (4-quarter sums)FY21 $13.06B · FY22 $15.55B · FY23 $15.80B · FY24 $12.96B · FY25 $13.75B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $154.0M · Total debt $36.66B · Total assets $115.28B · Shareholders' equity $32.71B
Dividends
Raised for 25 straight years — most recently to $0.6575 from $0.645 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 25, 2026 | Jun 25 | Jul 15 | $0.6575 | |
| Mar 19, 2026 | Mar 19 | Apr 15 | $0.6575 | raised from $0.645 |
| Dec 11, 2025 | Dec 11 | Jan 15 | $0.645 | |
| Oct 1, 2025 | Oct 1 | Oct 15 | $0.645 | |
| Jun 26, 2025 | Jun 26 | Jul 15 | $0.645 | |
| Mar 20, 2025 | Mar 20 | Apr 15 | $0.645 | raised from $0.62 |
| Dec 5, 2024 | Dec 5 | Jan 15 | $0.62 | |
| Sep 26, 2024 | Sep 26 | Oct 15 | $0.62 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 653.71M · Float 652.53M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 60.28M | 9.22% | 13F | Aug 7, 2026 |
| Wellington Management Group LLP | 43.81M | 6.70% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 42.68M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 37.99M | 5.81% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management | 37.39M | 5.72% | 13G | Jul 31, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 17, 2026 | Caroline Ann Winn | officer: Executive Vice President | −8,000 | $90.55 |
| May 18, 2026 | Pablo Ferrero | director | −2,600 | $89.53 |
| May 14, 2026 | Diana L. Day | officer: Chief Legal Counsel | −3,300 | $92.13 |
| Apr 1, 2026 | Justin Christopher Bird | officer: Executive Vice President | −1,128 | $96.69 |
| Mar 16, 2026 | Dyan Z. Wold | officer: VP, Controller and CAO | −1,539 | $95.38 |
Peers
- Cheniere Energy
Dominant US LNG exporter; head-to-head for global offtake and project capital.
- Edison International
Adjacent SoCal IOU; shares CPUC regime, wildfire fund, clean-energy mandates.
- PG&E
Northern California IOU; SoCalGas gas-LDC peer under the same CPUC framework.
- NextEra Energy
Largest US utility; ERCOT renewables, transmission, and contracted infra peer.
- Southern Company
Southeast electric and gas utility; Atlanta Gas Light is top LDC comp.
- Duke Energy
Largest US regulated electric utility; primary diversified-utility comp.
- American Electric Power
Texas ERCOT T&D peer; AEP Texas and Oncor share the same grid and PUCT rules.
- Atmos Energy
US's largest gas-only LDC; pure-play benchmark for SoCalGas investor valuation.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sempra | $84.31 | −0.01% | $55.12B | 24.4 | 16.1 | 4.1 | −0.1% |
| Cheniere Energy | $282.89 | +0.21% | $59.16B | 21.0 | 16.3 | 2.7 | +26.3% |
| Edison International | $70.69 | +0.77% | $27.00B | 7.2 | 11.8 | 1.4 | −4.1% |
| PG&E | $16.64 | +0.15% | $44.49B | 12.1 | 9.6 | 1.7 | +0.1% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Southern Company | $92.05 | +4.32% | $101.52B | 21.3 | 18.9 | 3.4 | +0.1% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Atmos Energy | $166.65 | +0.01% | $27.82B | 19.8 | 18.5 | 5.7 | +4.8% |
| Median | 19.1 | 18.0 | 2.9 | +3.0% |