Sempra (SRE) Financial Results Summary
· Stocks · QuoteReporter
Sempra (SRE) Q1 2026 Financial Results Summary
Release Date: May 7, 2026
Sempra (NYSE: SRE) has released its financial results for the first quarter of 2026, showcasing solid earnings growth compared to the same period in 2025. The following is a summary of the key financial metrics and highlights from the report.
Financial Results Overview
- GAAP Earnings:
- Q1 2026: $1.04 billion or $1.58 per diluted share
- Q1 2025: $906 million or $1.39 per diluted share
- Percentage Growth:
- Earnings increased by 14.4% from Q1 2025.
- Diluted EPS increased by 13.7% year-over-year.
- Adjusted Earnings:
- Q1 2026: $991 million or $1.51 per diluted share
- Q1 2025: $942 million or $1.44 per diluted share
- Percentage Growth:
- Adjusted earnings grew by 5.2% from Q1 2025.
- Adjusted EPS increased by 4.8% year-over-year.
Significant Items Adjusted from GAAP Earnings
- Foreign currency and inflation impact:
- Q1 2026: -$19 million
- Q1 2025: -$8 million
- Net unrealized gains/losses on derivatives:
- Q1 2026: -$3 million
- Q1 2025: +$35 million
- Net unrealized losses on interest rate swaps:
- Q1 2026: +$11 million
- Q1 2025: +$9 million
- Tax items related to held-for-sale assets:
- Q1 2026: -$35 million
- Q1 2025: $0
Operational Highlights
- Capital Investments:
- Sempra invested approximately $3 billion in capital expenditures during the first quarter.
- Part of a record $65 billion five-year capital plan for 2026-2030, with 95% allocated to utilities in Texas and California.
- Sempra Texas Update:
- PUCT approved Oncor's base rate settlement with an annual revenue requirement of $6.97 billion.
- Updated regulatory capital structure ratio of 56.5% debt to 43.5% equity, with a 9.75% authorized return on equity.
- Sempra California Update:
- Utilities focused on enhancing portfolios to improve safety and reduce costs.
- SDGE submitted a settlement about its electric transmission owner formula rate with a 10.28% return on equity expected.
Shareholder Updates
- Dividends:
- Common dividends paid during Q1 2026 were $409 million, up from $380 million in Q1 2025, reflecting a growth of approximately 7.6%.
- Share Repurchases:
- Sempra repurchased $20 million worth of common stock in Q1 2026, down from $57 million in Q1 2025.
Earnings Guidance
- Sempra updated its full-year 2026 GAAP EPS guidance to between $4.87 and $5.37, maintaining adjusted EPS guidance of $4.80 to $5.30.
- Projects a long-term EPS growth rate of 7% to 9%.
Summary of Financial Metrics
- Revenues:
- Q1 2026: $3.655 billion
- Q1 2025: $3.802 billion
- Percentage Decrease: 3.9%
- Net Income:
- Q1 2026: $1.150 billion
- Q1 2025: $919 million
- Percentage Growth: 25.1%
- Total Current Assets:
- As of March 31, 2026: $36.203 billion
- As of December 31, 2025: $34.837 billion
- Percentage Increase: 3.9%
Conclusion
Sempra’s Q1 2026 results reflect strong growth in earnings and continued investment in infrastructure across its utility segments, which are vital for meeting customer needs and enhancing service reliability. The company’s commitment to shareholder returns is demonstrated through increased dividends and strategic capital allocation.
Note: All amounts are in thousands.
| REVENUES | Three months ended | March 31, | 2026 | 2025 |
|---|---|---|---|---|
| Utilities: | ||||
| Natural gas | $2,025 | $2,362 | ||
| Electric | $1,224 | $1,059 | ||
| Energy-related businesses | $406 | $381 | ||
| Total revenues | $3,655 | $3,802 |
| ASSETS | March 31, | December 31, |
|---|---|---|
| Current assets: | 2026 | 2025(1) |
| Cash and cash equivalents | $794 | $29 |
| Restricted cash | $2 | $2 |
| Accounts receivable – trade, net | $1,604 | $1,767 |
| Accounts receivable – other, net | $203 | $157 |
| Due from unconsolidated affiliates | $34 | $— |
| Income taxes receivable | $177 | $71 |
| Inventories | $530 | $561 |
| Regulatory assets | $561 | $761 |
| Greenhouse gas allowances | $199 | $203 |
| Assets held for sale | $31,865 | $31,024 |
| Other current assets | $234 | $262 |
| Total current assets | $36,203 | $34,837 |
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments carry risk and past performance does not guarantee future results. You are solely responsible for your investment decisions and should conduct independent research and consult a qualified financial advisor before acting. MarketsFN.com and its authors are not liable for any losses or damages arising from the use of this information.