Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2083.3%
Neutral416.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Sempra · SRE · FY2024 Q3 · Calendar Q4 2024
Sempra highlights Texas load growth and LNG expansion
Sempra’s growth case rests on rising Texas electricity demand, including AI and data-center load, alongside LNG demand and infrastructure expansion. The evidence is constructive, but delivery depends on regulatory approvals, permitting, financing, and execution across a larger capital plan.
Reported Before market openNYSEUtilities
$53.17B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.89
Consensus $1.05
EPS surprise
-15.2%
Reported versus consensus
Reported revenue
$2.78B
Consensus $3.54B
Revenue surprise
-21.6%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.3%
Event window
SPY move
+2.5%
Same window
Abnormal move
+4.8%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+3.0%
Up to 20 sessions
SRESPY benchmark
Ask FN2 about SRE FY2024 Q3
Transcript, numbers and history already loaded
Why did SRE rise 7.3% after missing EPS estimates in FY2024 Q3?What changed in SRE's guidance and outlook in FY2024 Q3?Give me the bull and bear case for SRE after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Sempra’s current discussion places greater emphasis on a materially expanding Texas and company-wide capital plan, a $3 billion ATM equity facility, and AI- and data-center-related load growth. The current analysis continues to describe guidance as maintained while regulatory and permitting risks remain.
Guidance delta
Maintained: management reaffirmed its full-year guidance.
Key takeaways
- Oncor’s planned capital investment is expanding as AI and data-center demand drives Texas electricity-load growth.
- Sempra highlighted LNG demand in Europe and Asia and continued development of Port Arthur Phase 2 and other projects.
- The company is positioning its growth plan around expanded capital spending, supported in part by a $3 billion ATM equity facility.
Management priorities
- Advance Texas transmission and Permian Basin reliability projects.
- Move Port Arthur LNG Phase 2 forward while pursuing the required export permit.
- Continue LNG construction projects and prepare the detailed five-year capital plan and 2026 guidance.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$81.34Current
$36.25Low
$86.26Average
$118High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 11, 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 |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Sep 3, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Sep 2, 2026 |
| Jefferies | Buy | Hold | Upgrade | Sep 1, 2026 |
| Mizuho | Neutral | Outperform | Downgrade | Aug 31, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Jul 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 9, 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 current price $81.34. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Scotiabank | Analyst unavailable | $83 | $76.9 | +2.0% | Sep 29, 2026 |
| Truist Financial | Richard Sunderland | $96 | $83.8 | +18.0% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $97 | $81.7 | +19.3% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $84 | $84.32 | +3.3% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $100 | $86.53 | +22.9% | Aug 13, 2026 |
| Morgan Stanley | David Arcaro | $108 | $92.88 | +32.8% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $102 | $92.79 | +25.4% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $101 | $92.78 | +24.2% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $103 | $95.15 | +26.6% | Jul 9, 2026 |
| Morgan Stanley | Analyst unavailable | $105 | $91.9 | +29.1% | Jun 24, 2026 |
| Truist Financial | Analyst unavailable | $104 | $90.43 | +27.9% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $104 | $93.27 | +27.9% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $118 | $93.38 | +45.1% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $108 | $93.38 | +32.8% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $105 | $96.16 | +29.1% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $101 | $93.34 | +24.2% | Feb 20, 2026 |
| Barclays | Nicholas Campanella | $95 | $86.22 | +16.8% | Feb 3, 2026 |
| Morgan Stanley | David Arcaro | $97 | $86.8 | +19.3% | Feb 2, 2026 |
| UBS | Analyst unavailable | $100 | $85.98 | +22.9% | Jan 22, 2026 |
| UBS | Analyst unavailable | $92 | $85.98 | +13.1% | Jan 22, 2026 |
| Barclays | Nicholas Campanella | $97 | $85.98 | +19.3% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $95 | $84.89 | +16.8% | Jan 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $112 | $92.55 | +37.7% | Jan 20, 2026 |
| UBS | Analyst unavailable | $96 | $87.91 | +18.0% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $88.57 | +11.9% | Dec 16, 2025 |
| Morgan Stanley | Analyst unavailable | $98 | $91.12 | +20.5% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $115 | $93.17 | +41.4% | Oct 27, 2025 |
| Morgan Stanley | David Arcaro | $99 | $91.88 | +21.7% | Oct 22, 2025 |
| BMO Capital | James Thalacker | $99 | $92.29 | +21.7% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $89 | $92.29 | +9.4% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $106 | $92.29 | +30.3% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $101 | $91.29 | +24.2% | Oct 20, 2025 |
| Evercore ISI | Analyst unavailable | $105 | $92.46 | +29.1% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $80 | $81.72 | -1.6% | Aug 26, 2025 |
| Barclays | Nicholas Campanella | $71 | $74.9 | -12.7% | Jul 10, 2025 |
| Morgan Stanley | David Arcaro | $87 | $76.75 | +7.0% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $89 | $73.31 | +9.4% | Apr 23, 2025 |
| Jefferies | Julien Dumoulin-Smith | $75 | $69.73 | -7.8% | Apr 14, 2025 |
| Morgan Stanley | Analyst unavailable | $86 | $70 | +5.7% | Mar 20, 2025 |
| Jefferies | Julian Dumoulin-Smith | $98 | $85.96 | +20.5% | Oct 24, 2024 |
| BMO Capital | James Thalacker | $96 | $84.83 | +18.0% | Oct 21, 2024 |
| Mizuho Securities | Anthony Crowdell | $93 | $84.83 | +14.3% | Oct 21, 2024 |
| Barclays | Nicholas Campanella | $89 | $83.63 | +9.4% | Oct 1, 2024 |
| Morgan Stanley | David Arcaro | $85 | $83.02 | +4.5% | Sep 25, 2024 |
| BMO Capital | James Thalacker | $93 | $81.37 | +14.3% | Sep 12, 2024 |
| Morgan Stanley | David Arcaro | $80 | $81.67 | -1.6% | Aug 23, 2024 |
| Mizuho Securities | Anthony Crowdell | $88 | $79.96 | +8.2% | Aug 16, 2024 |
| Barclays | Nicholas Campanella | $87 | $78.99 | +7.0% | Aug 13, 2024 |
| BMO Capital | James Thalacker | $90 | $77.57 | +10.6% | Aug 9, 2024 |
| Mizuho Securities | Anthony Crowdell | $86 | $77.67 | +5.7% | May 17, 2024 |
| Mizuho Securities | Anthony Crowdell | $79 | $70.97 | -2.9% | Apr 4, 2024 |
| Barclays | Eric Beaumont | $77 | $71.96 | -5.3% | Feb 22, 2024 |
| Raymond James | James Thalacker | $84 | $74.8 | +3.3% | Jan 11, 2024 |
| BMO Capital | James Thalacker | $84 | $74.84 | +3.3% | Jan 11, 2024 |
| J.P. Morgan | Christopher Turnure | $86 | $76.01 | +5.7% | Jan 4, 2024 |
| Barclays | Eric Beaumont | $76 | $70.12 | -6.6% | Nov 1, 2023 |
| Barclays | Eric Beaumont | $156 | $70.3 | +91.8% | Oct 19, 2023 |
| Citigroup | Analyst unavailable | $42.75 | $41.21 | -47.4% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $45 | $41.34 | -44.7% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $42 | $43.12 | -48.4% | Apr 20, 2022 |
| RBC Capital | Shelby Tucker | $39.5 | $32.68 | -51.4% | Jan 24, 2022 |
| Vertical Research | Jonathan Arnold | $39.5 | $34.18 | -51.4% | Jan 10, 2022 |
| Wells Fargo | Sarah Akers | $36.25 | $30.9 | -55.4% | Nov 8, 2021 |
Track every rating change on SRE the moment it posts. Free to start.
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 · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-11T19:20:41.750463+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-11T19:20:41.747485+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 2026-10-11. For educational purposes only; not investment advice.