Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2083.3%
Neutral416.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Sempra · SRE · FY2024 Q2 · Calendar Q3 2024
Sempra maintains guidance as Texas growth offsets LNG execution risk
Sempra's resilient regulated-infrastructure demand and Texas load growth support the outlook, but the one-year case depends on converting a large capital program and LNG pipeline into projects without further cost, regulatory or permitting setbacks.
Reported Before market openNYSEUtilities
$53.45B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.89
Consensus $0.94
EPS surprise
-5.3%
Reported versus consensus
Reported revenue
$2.97B
Consensus $3.46B
Revenue surprise
-14.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.1%
Event window
SPY move
+0.9%
Same window
Abnormal move
-3.0%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
+8.2%
Up to 20 sessions
SRESPY benchmark
Ask FN2 about SRE FY2024 Q2
Transcript, numbers and history already loaded
Why did SRE fall 2.1% after missing EPS estimates in FY2024 Q2?What changed in SRE's guidance and outlook in FY2024 Q2?Give me the bull and bear case for SRE after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The central change was execution risk: ECA LNG's commercial-operations target moved to spring 2026 and estimated net share capital cost increased by $300 million. Texas growth and the broader capital plan remained central, while 2024 and 2025 EPS guidance was maintained.
Guidance delta
Maintained: management reaffirmed its 2024 and 2025 EPS guidance ranges.
Key takeaways
- Management reaffirmed 2024 and 2025 EPS guidance.
- Texas load growth, including data-center and industrial demand, supports a $24 billion five-year capital plan and a $3 billion resiliency plan.
- ECA LNG commercial operations moved to spring 2026, with a $300 million increase in Sempra's net share capital cost; management still targets mid-teen equity returns.
- Port Arthur LNG Phase 2 is advancing with an Aramco partnership, while its DOE export permit remains pending.
Management priorities
- Execute Oncor's System Resiliency Plan and Texas transmission investments.
- Complete ECA LNG construction and target commercial operations in spring 2026.
- Advance Port Arthur LNG Phase 2, including remaining offtake and export-permit work.
- Develop the Angeles Link hydrogen hub and other California resilience initiatives.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$81.74Previous close
$36.25Low
$86Average
$118High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Oct 14, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 18, 2026 |
| Jefferies | Buy | Hold | Upgrade | Sep 1, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Aug 31, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Mar 23, 2026 |
| UBS | Neutral | Neutral | Maintain | Mar 6, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Mar 5, 2026 |
| Argus Research | Buy | Hold | Upgrade | Mar 4, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Nov 24, 2025 |
| Goldman Sachs | Buy | Neutral | Upgrade | Nov 14, 2025 |
| Guggenheim | Buy | Buy | Maintain | Feb 26, 2025 |
| Ladenburg Thalmann | Buy | Buy | Maintain | May 29, 2024 |
| RBC Capital | Outperform | Outperform | Maintain | Mar 6, 2024 |
| B of A Securities | Buy | Buy | Maintain | Mar 28, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Apr 26, 2022 |
| Keybanc | Overweight | Downgrade | Mar 7, 2022 | |
| Seaport Global | Neutral | Buy | Downgrade | Apr 7, 2021 |
| CFRA | Strong Buy | Buy | Upgrade | Mar 18, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Oct 11, 2018 |
| Argus | Buy | Hold | Upgrade | May 21, 2018 |
| ISI Group | Buy | Neutral | Upgrade | Jun 9, 2014 |
| Bank oferica | Buy | Buy | Maintain | May 4, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $81.74. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Richard Sunderland | $94 | $82.37 | +15.0% | Oct 14, 2026 |
| Barclays | Nicholas Campanella | $90 | $81.34 | +10.1% | Oct 12, 2026 |
| Scotiabank | Analyst unavailable | $83 | $76.9 | +1.5% | Sep 29, 2026 |
| Truist Financial | Richard Sunderland | $96 | $83.8 | +17.4% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $97 | $81.7 | +18.7% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $84 | $84.32 | +2.8% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $100 | $86.53 | +22.3% | Aug 13, 2026 |
| Morgan Stanley | David Arcaro | $108 | $92.88 | +32.1% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $102 | $92.79 | +24.8% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $101 | $92.78 | +23.6% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $103 | $95.15 | +26.0% | Jul 9, 2026 |
| Morgan Stanley | Analyst unavailable | $105 | $91.9 | +28.5% | Jun 24, 2026 |
| Truist Financial | Analyst unavailable | $104 | $90.43 | +27.2% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $104 | $93.27 | +27.2% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $118 | $93.38 | +44.4% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $108 | $93.38 | +32.1% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $105 | $96.16 | +28.5% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $101 | $93.34 | +23.6% | Feb 20, 2026 |
| Barclays | Nicholas Campanella | $95 | $86.22 | +16.2% | Feb 3, 2026 |
| Morgan Stanley | David Arcaro | $97 | $86.8 | +18.7% | Feb 2, 2026 |
| UBS | Analyst unavailable | $100 | $85.98 | +22.3% | Jan 22, 2026 |
| UBS | Analyst unavailable | $92 | $85.98 | +12.6% | Jan 22, 2026 |
| Barclays | Nicholas Campanella | $97 | $85.98 | +18.7% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $95 | $84.89 | +16.2% | Jan 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $112 | $92.55 | +37.0% | Jan 20, 2026 |
| UBS | Analyst unavailable | $96 | $87.91 | +17.4% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $88.57 | +11.3% | Dec 16, 2025 |
| Morgan Stanley | Analyst unavailable | $98 | $91.12 | +19.9% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $115 | $93.17 | +40.7% | Oct 27, 2025 |
| Morgan Stanley | David Arcaro | $99 | $91.88 | +21.1% | Oct 22, 2025 |
| BMO Capital | James Thalacker | $99 | $92.29 | +21.1% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $89 | $92.29 | +8.9% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $106 | $92.29 | +29.7% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $101 | $91.29 | +23.6% | Oct 20, 2025 |
| Evercore ISI | Analyst unavailable | $105 | $92.46 | +28.5% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $80 | $81.72 | -2.1% | Aug 26, 2025 |
| Barclays | Nicholas Campanella | $71 | $74.9 | -13.1% | Jul 10, 2025 |
| Morgan Stanley | David Arcaro | $87 | $76.75 | +6.4% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $89 | $73.31 | +8.9% | Apr 23, 2025 |
| Jefferies | Julien Dumoulin-Smith | $75 | $69.73 | -8.2% | Apr 14, 2025 |
| Morgan Stanley | Analyst unavailable | $86 | $70 | +5.2% | Mar 20, 2025 |
| Jefferies | Julian Dumoulin-Smith | $98 | $85.96 | +19.9% | Oct 24, 2024 |
| BMO Capital | James Thalacker | $96 | $84.83 | +17.4% | Oct 21, 2024 |
| Mizuho Securities | Anthony Crowdell | $93 | $84.83 | +13.8% | Oct 21, 2024 |
| Barclays | Nicholas Campanella | $89 | $83.63 | +8.9% | Oct 1, 2024 |
| Morgan Stanley | David Arcaro | $85 | $83.02 | +4.0% | Sep 25, 2024 |
| BMO Capital | James Thalacker | $93 | $81.37 | +13.8% | Sep 12, 2024 |
| Morgan Stanley | David Arcaro | $80 | $81.67 | -2.1% | Aug 23, 2024 |
| Mizuho Securities | Anthony Crowdell | $88 | $79.96 | +7.7% | Aug 16, 2024 |
| Barclays | Nicholas Campanella | $87 | $78.99 | +6.4% | Aug 13, 2024 |
| BMO Capital | James Thalacker | $90 | $77.57 | +10.1% | Aug 9, 2024 |
| Mizuho Securities | Anthony Crowdell | $86 | $77.67 | +5.2% | May 17, 2024 |
| Mizuho Securities | Anthony Crowdell | $79 | $70.97 | -3.4% | Apr 4, 2024 |
| Barclays | Eric Beaumont | $77 | $71.96 | -5.8% | Feb 22, 2024 |
| Raymond James | James Thalacker | $84 | $74.8 | +2.8% | Jan 11, 2024 |
| BMO Capital | James Thalacker | $84 | $74.84 | +2.8% | Jan 11, 2024 |
| J.P. Morgan | Christopher Turnure | $86 | $76.01 | +5.2% | Jan 4, 2024 |
| Barclays | Eric Beaumont | $76 | $70.12 | -7.0% | Nov 1, 2023 |
| Barclays | Eric Beaumont | $156 | $70.3 | +90.8% | Oct 19, 2023 |
| Citigroup | Analyst unavailable | $42.75 | $41.21 | -47.7% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $45 | $41.34 | -44.9% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $42 | $43.12 | -48.6% | Apr 20, 2022 |
| RBC Capital | Shelby Tucker | $39.5 | $32.68 | -51.7% | Jan 24, 2022 |
| Vertical Research | Jonathan Arnold | $39.5 | $34.18 | -51.7% | Jan 10, 2022 |
| Wells Fargo | Sarah Akers | $36.25 | $30.9 | -55.7% | Nov 8, 2021 |
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Start freeCompany context
Snapshot as of publicationSempra, an energy holding company founded in 1998 and headquartered in San Diego, California, conducts its operations both domestically and internationally. The firm adopted its current name in July 2021, having previously been known as Sempra Energy. Through its San Diego Gas & Electric Company division, Sempra delivers electricity to approximately 3.6 million individuals and natural gas to roughly 3.3 million individuals across a 4,100 square mile service area.…
Historical context
All SRE earningsLatest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-20T07:30:44.999329+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T07:30:44.996551+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.