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Sempra's Q2 Earnings Outpace Estimates, Revenues Fall Y/Y
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Key Takeaways
Sempra beat Q2 EPS estimates as earnings rose across California, Texas Utilities and Infrastructure segments.
SRE revenues slipped year over year and missed estimates despite stronger operating cash flow.
Sempra reaffirmed 2026 EPS guidance and issued 2027 guidance with a 7-9% long-term EPS growth target.
Sempra (SRE - Free Report) reported second-quarter 2026 adjusted earnings per share (EPS) of $1.16, which beat the Zacks Consensus Estimate of $1.01 by 14.9%. The bottom line increased 30.3% from the year-ago quarter’s figure of 89 cents.
Including one-time items, the company generated GAAP earnings of $1.21 per share compared with 71 cents in the second quarter of 2025.
SRE’s Total Revenues
Revenues of $2.997 billion missed the Zacks Consensus Estimate of $3.22 billion by 6.8%. The top line decreased 0.1% from $3 billion in the year-ago quarter.
Sempra California: Quarterly earnings amounted to $297 million compared with the year-ago quarter’s level of $259 million.
Sempra Texas Utilities: Earnings in this segment increased to $346 million from $208 million in the year-ago quarter.
Sempra Infrastructure: The segment recorded earnings of $230 million compared with $72 million in the year-ago quarter.
Parent and Other: The segment reported a loss of $77 million, narrower than the prior-year period’s loss of $78 million.
SRE’s Financial Update
As of June 30, 2026, Sempra Energy’s cash and cash equivalents totaled $0.05 billion compared with $0.03 billion as of Dec. 31, 2025.
As of the same date, long-term debt and finance leases amounted to $31.02 billion compared with $28.98 billion as of Dec. 31, 2025.
Cash flow from operating activities in the first six months of 2026 totaled $3.12 billion compared with $2.27 billion in the year ago period.
SRE’s Guidance
The company expects its 2026 adjusted earnings to be in the range of $4.80-$5.30 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.12 per share, higher than the midpoint of the company’s guided range.
SRE has also provided a full-year 2027 EPS guidance of $5.10-$5.70. Sempra expects a 7-9% long???term EPS growth rate.
TotalEnergies SE (TTE - Free Report) reported second-quarter 2026 operating earnings of $2.68 (€2.31) per share, which lagged the Zacks Consensus Estimate of $3.07 by 12.7%. The bottom line improved 70.7% from the year-ago figure of $1.57 (€1.38).
TTE’s total revenues for the second quarter were $57.1 billion, which increased from the year-ago reported figure of $47.9 billion by 27.8%. The metric lagged the Zacks Consensus Estimate of $60.18 billion by 5.13%.
Energy Transfer LP (ET - Free Report) reported second-quarter 2026 earnings of 59 cents per unit, which beat the Zacks Consensus Estimate of 39 cents by 51.28%. The bottom line increased 84.4% from 32 cents a year ago.
ET’s revenues of $34.33 billion surpassed the consensus estimate of $31.09 billion by 10.42% and climbed 78.4% year over year.
Devon Energy Corporation (DVN - Free Report) reported second-quarter 2026 adjusted earnings of $1.57 per share, which beat the Zacks Consensus Estimate of $1.30 by 20.77%.
DVN’s revenues of $7.41 billion surpassed the consensus estimate of $6.29 billion by 17.81% and increased 73.1% year over year.
View the Zacks #1 Rank List
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Sempra's Q2 Earnings Outpace Estimates, Revenues Fall Y/Y
Key Takeaways
Sempra (SRE - Free Report) reported second-quarter 2026 adjusted earnings per share (EPS) of $1.16, which beat the Zacks Consensus Estimate of $1.01 by 14.9%. The bottom line increased 30.3% from the year-ago quarter’s figure of 89 cents.
Including one-time items, the company generated GAAP earnings of $1.21 per share compared with 71 cents in the second quarter of 2025.
SRE’s Total Revenues
Revenues of $2.997 billion missed the Zacks Consensus Estimate of $3.22 billion by 6.8%. The top line decreased 0.1% from $3 billion in the year-ago quarter.
Sempra Price, Consensus and EPS Surprise
Sempra price-consensus-eps-surprise-chart | Sempra Quote
SRE’s Segmental Update
Sempra California: Quarterly earnings amounted to $297 million compared with the year-ago quarter’s level of $259 million.
Sempra Texas Utilities: Earnings in this segment increased to $346 million from $208 million in the year-ago quarter.
Sempra Infrastructure: The segment recorded earnings of $230 million compared with $72 million in the year-ago quarter.
Parent and Other: The segment reported a loss of $77 million, narrower than the prior-year period’s loss of $78 million.
SRE’s Financial Update
As of June 30, 2026, Sempra Energy’s cash and cash equivalents totaled $0.05 billion compared with $0.03 billion as of Dec. 31, 2025.
As of the same date, long-term debt and finance leases amounted to $31.02 billion compared with $28.98 billion as of Dec. 31, 2025.
Cash flow from operating activities in the first six months of 2026 totaled $3.12 billion compared with $2.27 billion in the year ago period.
SRE’s Guidance
The company expects its 2026 adjusted earnings to be in the range of $4.80-$5.30 per share. The Zacks Consensus Estimate for 2026 earnings is pegged at $5.12 per share, higher than the midpoint of the company’s guided range.
SRE has also provided a full-year 2027 EPS guidance of $5.10-$5.70. Sempra expects a 7-9% long???term EPS growth rate.
SRE’s Zacks Rank
Sempra Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Releases
TotalEnergies SE (TTE - Free Report) reported second-quarter 2026 operating earnings of $2.68 (€2.31) per share, which lagged the Zacks Consensus Estimate of $3.07 by 12.7%. The bottom line improved 70.7% from the year-ago figure of $1.57 (€1.38).
TTE’s total revenues for the second quarter were $57.1 billion, which increased from the year-ago reported figure of $47.9 billion by 27.8%. The metric lagged the Zacks Consensus Estimate of $60.18 billion by 5.13%.
Energy Transfer LP (ET - Free Report) reported second-quarter 2026 earnings of 59 cents per unit, which beat the Zacks Consensus Estimate of 39 cents by 51.28%. The bottom line increased 84.4% from 32 cents a year ago.
ET’s revenues of $34.33 billion surpassed the consensus estimate of $31.09 billion by 10.42% and climbed 78.4% year over year.
Devon Energy Corporation (DVN - Free Report) reported second-quarter 2026 adjusted earnings of $1.57 per share, which beat the Zacks Consensus Estimate of $1.30 by 20.77%.
DVN’s revenues of $7.41 billion surpassed the consensus estimate of $6.29 billion by 17.81% and increased 73.1% year over year.