DBA SempraNYSE: SRE
Utilities · Multi-Utilities
$91.98
+0.47%
Vol: 1.6M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Sempra director Pablo Ferrero sold 2,600 shares in open-market transaction at $89.53 per shareMixed▶
Sempra drew investor attention after director Pablo Ferrero's sale of 2,600 shares (~$232,778) was reported on May 19, 2026. The insider activity comes amid broader institutional interest, with AMF Tjanstepension AB raising its stake by 5.9%. Truist Securities maintained a Buy rating on May 18 but trimmed its price target to $104 from $108. The utility recently posted Q1 2026 adjusted EPS of $1.51 (up 4.9% YoY) and affirmed full-year guidance. SoCalGas also issued $650 million of long-term First Mortgage Bonds on May 11.
May 20Sempra reaffirmed its 2026 and 2027 EPS guidance after a Q1 beat, but BMO Capital cut its price target to $103 from $105 with an Outperform rating.Mixed▶
Sempra reported Q1 2026 GAAP earnings of $1.04B ($1.58 diluted EPS) and adjusted EPS of $1.51, up from $1.44 a year ago and putting the company on track to meet full-year expectations. Capital expenditures totaled approximately $3B in Q1 as part of its $65B 2026-2030 plan, with 95% allocated to Texas and California utilities. Sempra updated full-year 2026 GAAP EPS guidance to $4.87-$5.37, reaffirmed 2026 adjusted EPS guidance of $4.80-$5.30, reiterated 2027 EPS of $5.10-$5.70, and maintained its 7-9% long-term EPS growth target. Selected transactions including SI Partners and Ecogas are expected to close in Q2-Q3 2026 subject to approvals. BMO Capital analyst James Thalacker lowered the firm's price target to $103 from $105 while maintaining an Outperform rating. The company continues to focus on LNG export expansion as a structural growth driver.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Sempra's SoCalGas closes $650M 30-year bond offering on May 15, strengthening utility funding alongside Q1 beat and updated guidance.Neutral▶
On May 15, Southern California Gas Company closed a public offering of $650 million in 5.900% First Mortgage Bonds, Series FFF, due June 1, 2056 (priced at 98.661% of par), supporting regulated operations and infrastructure investment. Q1 2026 earnings (May 7) came in at $1.04B GAAP ($1.58 diluted EPS) vs $906M ($1.39) prior year; adjusted EPS of $1.51 narrowly missed the $1.53 consensus. Sempra updated full-year 2026 GAAP EPS guidance to $4.87-$5.37, affirmed adjusted EPS at $4.80-$5.30, and affirmed 2027 EPS at $5.10-$5.70 (vs $5.53 consensus). On May 13, the board declared a $0.6575 quarterly dividend payable July 15 to holders of record June 25. Most recent analyst rating is Buy with a $103 price target.
May 15Sempra's SoCalGas issued $650M of 5.900% First Mortgage Bonds due 2056 on May 11; declared $0.6575 dividend on May 13 alongside updated FY26 GAAP guidance.Positive▶
Sempra's Southern California Gas Company entered an underwriting agreement on May 11, 2026, to issue $650 million of 5.900% First Mortgage Bonds Series FFF due 2056. The Sempra board declared a quarterly dividend of $0.6575 on May 13 payable July 15, 2026. Q1 2026 GAAP earnings were $1.04 billion ($1.58 EPS) and adjusted earnings of $991 million ($1.51 EPS). The company updated full-year 2026 GAAP EPS guidance to $4.87-$5.37, affirmed adjusted EPS guidance of $4.80-$5.30, and reiterated 7-9% long-term EPS growth. Sempra's $65 billion 2026-2030 capital plan (95% utility-focused) is supported by recent Texas PUCT approval of Oncor's base rate settlement with 9.75% authorized ROE.
May 14Sempra declared a $0.6575 quarterly dividend and detailed regulatory wins in Texas and California after Q1 EPS beat but revenue missMixed▶
On May 13, Sempra declared a $0.6575 per share quarterly dividend payable July 15 to holders of record on June 25. Q1 2026 adjusted EPS came in at $1.51 (vs. $1.44 a year ago), narrowly missing $1.53 consensus, while GAAP EPS reached $1.58. Revenue missed by roughly 12%. Texas PUCT approved Oncor's base-rate settlement with an authorized 9.75% ROE, 4.94% cost of debt and a 43.5% equity layer, while a SDG&E FERC settlement is pending. Sempra invested about $3 billion in Q1 as part of its $65 billion 2026-2030 capital plan, 95% of which targets Texas and California utility growth. BMO Capital lowered its price target to $103 from $105 with an Outperform rating. Risk lies in topline weakness and continued execution on the large capex program.
May 13Sempra SoCalGas subsidiary priced $650M of 5.900% First Mortgage Bonds due 2056 on May 11.Neutral▶
On May 11, 2026, Southern California Gas Company (Sempra subsidiary) entered an underwriting agreement to issue $650 million of 5.900% First Mortgage Bonds, Series FFF, due 2056. The long-dated debt issuance supports Sempra capital investment plan in its California regulated utility, consistent with the CEO recent emphasis on a simplified, utility-focused growth strategy in California and Texas. The 5.9% coupon reflects the current elevated-rate environment for utility long bonds. Risk: rising long-duration financing costs could pressure earnings if rate base growth does not keep pace.
May 12Sempra posts Q1 adjusted EPS of $1.51 vs $1.53 estimate, updates 2026 GAAP guidance to $4.87-$5.37 amid $65B capex planMixed▶
Sempra reported Q1 2026 GAAP earnings of $1.04 billion or $1.58 per diluted share, up from $906 million or $1.39 a year earlier, but adjusted EPS of $1.51 missed the $1.53 consensus by $0.02 and revenue of $3.66 billion fell short of estimates. Capital expenditures hit roughly $3 billion in the quarter as part of the record five-year 2026-2030 capital plan of approximately $65 billion, with 95% allocated to Texas and California utility investments. The Public Utility Commission of Texas approved Oncor's base rate settlement with a $6.97 billion annual revenue requirement, 9.75% authorized ROE, and a 56.5/43.5 debt-equity structure. Sempra updated full-year 2026 GAAP EPS guidance to $4.87-$5.37, affirmed adjusted EPS guidance of $4.80-$5.30, and affirmed 2027 EPS guidance of $5.10-$5.70. The Sempra Infrastructure Partners and Ecogas Mexico transactions remain on track to close in Q2 or Q3 2026.
May 11Sempra reported Q1 adjusted EPS of $1.51 missing $1.53 estimate with revenue of $3.66B falling significantly short of $4.15B consensus.Mixed▶
Sempra reported Q1 2026 GAAP earnings of $1.04B ($1.58 per diluted share) vs $906M ($1.39) prior year. Adjusted earnings were $991M ($1.51 per diluted share) vs $942M ($1.44), missing the $1.53 EPS estimate by $0.02. Revenue of $3.66B fell well short of $4.15B consensus by ~$500M. The company affirmed FY 2026 adjusted EPS guidance of $4.87-$5.37 and FY 2027 of $5.10-$5.70. Q1 capex was ~$3B as part of the record five-year $65B capital plan (95% utility-focused). Sempra Infrastructure Partners and Ecogas Mexico transactions are expected to close in Q2/Q3 2026. SRE shares declined ~5.3% over the past month. Risk: revenue shortfall and transaction execution risk weigh on near-term sentiment.
May 8Sempra Q1 2026 EPS $1.51 adjusted (+4.9% YoY); affirms FY2026 guidance, Oncor rate case approvedNeutral▶
Sempra reported Q1 2026 GAAP earnings $1.04B or $1.58 per diluted share; adjusted earnings $991M or $1.51 per share (+4.9% YoY). PUCT approved Oncor base rate case with $6.97B annual revenue requirement, 56.5% debt / 43.5% equity, 9.75% ROE. Company invested $3B capex in Q1 as part of $65B five-year 2026-2030 plan (95% to utility investments). Affirmed full-year 2026 adjusted EPS guidance $4.80–$5.30 and 2027 guidance $5.10–$5.70. SI Partners and Ecogas transactions targeted for H2 2026 close.
May 6Sempra upgraded by Wall Street Zen from sell to hold; Q1 2026 earnings expected May 7; KKR transaction closing Q2-Q3 2026Positive▶
Sempra announced strategic transactions including $10 billion proceeds from selling 45% equity stake in Sempra Infrastructure Partners to KKR affiliates, implying $31.7 billion enterprise value. Wall Street Zen upgraded SRE from sell to hold on May 2. Morgan Stanley provided $104 price target with overweight rating (April 21) and Truist set $108 target with buy rating. Q1 2026 earnings release planned for May 7 at 8 a.m. ET. Company named one of Fortune's World's Most Admired Companies for 16th consecutive year. Advancing LNG projects and grid upgrades for rising electricity demand with focused business model on regulated utilities in California and Texas.
May 5Sempra sells 45% of Infrastructure Partners to KKR for $10B, shifts to focused utility business modelPositive▶
Sempra announced agreement to sell 45% equity interest in Sempra Infrastructure Partners to KKR for $10 billion transaction proceeds, valuing equity at $22.2 billion. Deal expected to close Q2-Q3 2026. Named one of Fortune's World's Most Admired Companies for 16th consecutive year. FY2025 earnings of $1.80 billion ($2.75 diluted share) reflect shift toward focused, simplified business centered on California and Texas regulated utilities. Q1 2026 earnings due May 7. Board declared $0.645 quarterly dividend. Wells Fargo raised PT to $118 from $115 while Truist initiated at Buy.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NEENEXTERA | $86.14 | -3.96% | -3.3% | 19.6x | 0.67 | $179.6B |
| SRESEMPRA | $91.98 | +0.47% | +1.9% | 16.6x | 0.58 | $60.1B |
| DDOMINION | $68.22 | -0.10% | +0.9% | 17.9x | 0.64 | $59.9B |
| XELXCEL | $79.28 | -1.15% | +1.6% | 17.5x | 0.41 | $49.5B |
| EDCONSOLIDATED | $107.61 | +0.20% | +1.1% | 16.6x | 0.27 | $39.7B |
| PCGP | $16.55 | +0.64% | +4.6% | 9.2x | 0.27 | $36.5B |
Key Fundamentals
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