Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2083.3%
Neutral416.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Sempra · SRE · FY2025 Q1 · Calendar Q2 2025
Sempra leans on utilities, LNG and capital recycling
The call supports a constructive operating thesis: regulated utility investment, transmission demand, LNG completions and capital recycling provide potential growth support. That case remains dependent on regulatory approvals, project execution, tariff control and the durability of data-center load forecasts.
Reported Before market openNYSEUtilities
$52.28B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.25
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $3.93B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
+0.7%
Same window
Abnormal move
-0.8%
Stock minus SPY
Volume
1.0×
Versus trailing sessions
Subsequent drift
+1.4%
Up to 20 sessions
SRESPY benchmark
Ask FN2 about SRE FY2025 Q1
Transcript, numbers and history already loaded
What drove SRE's -0.1% move after FY2025 Q1 earnings?What changed in SRE's guidance and outlook in FY2025 Q1?Give me the bull and bear case for SRE after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management highlighted a planned minority-interest sale, expanded Westside Canal battery storage by 100 MW, and disclosed a large Oncor data-center interconnection pipeline. The company also emphasized $13 billion of planned capex and Fit For 2025 productivity actions.
Guidance delta
Management maintained 2025 adjusted EPS guidance of $4.34-$4.70 and 2026 guidance of $4.80-$5.30.
Key takeaways
- Management described Q1 adjusted EPS of $1.44, up from $1.34 year over year.
- The company outlined a $13 billion 2025 capex plan, with more than $10 billion directed to U.S. utilities.
- Sempra plans to recycle capital through an Ecogas divestiture and sale of a minority stake in Sempra Infrastructure Partners.
- Texas transmission, California storage and LNG projects were central to the growth plan.
- Fit For 2025 targets productivity gains and affordability support, including AI adoption and headcount reductions.
Management priorities
- Execute the $13 billion capex program focused on utilities and transmission
- Advance Cimarron and Port Arthur LNG projects
- Complete planned divestitures and recycle capital
- Expand battery storage and renewable integration
- Deliver Fit For 2025 productivity initiatives
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$79.97Previous close
$36.25Low
$86.26Average
$118High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 7, 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 previous close $79.97. 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 | +3.8% | Sep 29, 2026 |
| Truist Financial | Richard Sunderland | $96 | $83.8 | +20.0% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $97 | $81.7 | +21.3% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $84 | $84.32 | +5.0% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $100 | $86.53 | +25.0% | Aug 13, 2026 |
| Morgan Stanley | David Arcaro | $108 | $92.88 | +35.1% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $102 | $92.79 | +27.5% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $101 | $92.78 | +26.3% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $103 | $95.15 | +28.8% | Jul 9, 2026 |
| Morgan Stanley | Analyst unavailable | $105 | $91.9 | +31.3% | Jun 24, 2026 |
| Truist Financial | Analyst unavailable | $104 | $90.43 | +30.0% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $104 | $93.27 | +30.0% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $118 | $93.38 | +47.6% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $108 | $93.38 | +35.1% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $105 | $96.16 | +31.3% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $101 | $93.34 | +26.3% | Feb 20, 2026 |
| Barclays | Nicholas Campanella | $95 | $86.22 | +18.8% | Feb 3, 2026 |
| Morgan Stanley | David Arcaro | $97 | $86.8 | +21.3% | Feb 2, 2026 |
| UBS | Analyst unavailable | $100 | $85.98 | +25.0% | Jan 22, 2026 |
| UBS | Analyst unavailable | $92 | $85.98 | +15.0% | Jan 22, 2026 |
| Barclays | Nicholas Campanella | $97 | $85.98 | +21.3% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $95 | $84.89 | +18.8% | Jan 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $112 | $92.55 | +40.1% | Jan 20, 2026 |
| UBS | Analyst unavailable | $96 | $87.91 | +20.0% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $88.57 | +13.8% | Dec 16, 2025 |
| Morgan Stanley | Analyst unavailable | $98 | $91.12 | +22.5% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $115 | $93.17 | +43.8% | Oct 27, 2025 |
| Morgan Stanley | David Arcaro | $99 | $91.88 | +23.8% | Oct 22, 2025 |
| BMO Capital | James Thalacker | $99 | $92.29 | +23.8% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $89 | $92.29 | +11.3% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $106 | $92.29 | +32.5% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $101 | $91.29 | +26.3% | Oct 20, 2025 |
| Evercore ISI | Analyst unavailable | $105 | $92.46 | +31.3% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $80 | $81.72 | +0.0% | Aug 26, 2025 |
| Barclays | Nicholas Campanella | $71 | $74.9 | -11.2% | Jul 10, 2025 |
| Morgan Stanley | David Arcaro | $87 | $76.75 | +8.8% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $89 | $73.31 | +11.3% | Apr 23, 2025 |
| Jefferies | Julien Dumoulin-Smith | $75 | $69.73 | -6.2% | Apr 14, 2025 |
| Morgan Stanley | Analyst unavailable | $86 | $70 | +7.5% | Mar 20, 2025 |
| Jefferies | Julian Dumoulin-Smith | $98 | $85.96 | +22.5% | Oct 24, 2024 |
| BMO Capital | James Thalacker | $96 | $84.83 | +20.0% | Oct 21, 2024 |
| Mizuho Securities | Anthony Crowdell | $93 | $84.83 | +16.3% | Oct 21, 2024 |
| Barclays | Nicholas Campanella | $89 | $83.63 | +11.3% | Oct 1, 2024 |
| Morgan Stanley | David Arcaro | $85 | $83.02 | +6.3% | Sep 25, 2024 |
| BMO Capital | James Thalacker | $93 | $81.37 | +16.3% | Sep 12, 2024 |
| Morgan Stanley | David Arcaro | $80 | $81.67 | +0.0% | Aug 23, 2024 |
| Mizuho Securities | Anthony Crowdell | $88 | $79.96 | +10.0% | Aug 16, 2024 |
| Barclays | Nicholas Campanella | $87 | $78.99 | +8.8% | Aug 13, 2024 |
| BMO Capital | James Thalacker | $90 | $77.57 | +12.5% | Aug 9, 2024 |
| Mizuho Securities | Anthony Crowdell | $86 | $77.67 | +7.5% | May 17, 2024 |
| Mizuho Securities | Anthony Crowdell | $79 | $70.97 | -1.2% | Apr 4, 2024 |
| Barclays | Eric Beaumont | $77 | $71.96 | -3.7% | Feb 22, 2024 |
| Raymond James | James Thalacker | $84 | $74.8 | +5.0% | Jan 11, 2024 |
| BMO Capital | James Thalacker | $84 | $74.84 | +5.0% | Jan 11, 2024 |
| J.P. Morgan | Christopher Turnure | $86 | $76.01 | +7.5% | Jan 4, 2024 |
| Barclays | Eric Beaumont | $76 | $70.12 | -5.0% | Nov 1, 2023 |
| Barclays | Eric Beaumont | $156 | $70.3 | +95.1% | Oct 19, 2023 |
| Citigroup | Analyst unavailable | $42.75 | $41.21 | -46.5% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $45 | $41.34 | -43.7% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $42 | $43.12 | -47.5% | Apr 20, 2022 |
| RBC Capital | Shelby Tucker | $39.5 | $32.68 | -50.6% | Jan 24, 2022 |
| Vertical Research | Jonathan Arnold | $39.5 | $34.18 | -50.6% | Jan 10, 2022 |
| Wells Fargo | Sarah Akers | $36.25 | $30.9 | -54.7% | 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 · 2025-04-24T00:01:17.206701+00:00
- Polygon adjusted daily market bars · 2026-10-07T11:50:43.822392+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T11:50:43.820012+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 2026-10-07. For educational purposes only; not investment advice.