Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2083.3%
Neutral416.7%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Sempra · SRE · FY2025 Q3 · Calendar Q4 2025
Sempra Reaffirms Guidance as Texas Investment Accelerates
The current analysis supports a constructive but conditional view of Sempra's growth trajectory: strong demand for Texas transmission, LNG project progress, regulatory changes and capital recycling could support expansion, while financing capacity, rate-case outcomes and project execution are the key tests.
Reported Before market openNYSEUtilities
$51.12B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.11
Consensus $0.91
EPS surprise
+21.8%
Reported versus consensus
Reported revenue
$3.18B
Consensus $2.93B
Revenue surprise
+8.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
+0.3%
Same window
Abnormal move
-0.4%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
-2.5%
Up to 20 sessions
SRESPY benchmark
Ask FN2 about SRE FY2025 Q3
Transcript, numbers and history already loaded
Why did SRE fall 0.1% after beating EPS estimates in FY2025 Q3?What changed in SRE's guidance and outlook in FY2025 Q3?Give me the bull and bear case for SRE after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior analysis, Sempra highlighted a larger Texas capital plan, a planned 45% Sempra Infrastructure Partners sale, and new California and Texas regulatory developments. The core direction was consistent: guidance remained reaffirmed, capex was increasing, and LNG, wind and transmission projects remained the main execution priorities.
Guidance delta
Management reaffirmed 2025 and 2026 EPS guidance; no change was described.
Key takeaways
- Management reported adjusted EPS of $1.11 and reaffirmed 2025 and 2026 EPS guidance.
- Sempra said $9 billion of a $13 billion capital target had been deployed.
- The Texas capital plan increased by more than 30% to $55 billion–$60 billion through 2030.
- The planned sale of a 45% stake in Sempra Infrastructure Partners is expected to unlock $10 billion, deconsolidate debt and add about $0.20 of EPS accretion.
- California and Texas regulatory developments remain central to the utility growth case.
Management priorities
- Expand Texas transmission to support rising electricity and oil-and-gas-related demand.
- Advance Port Arthur LNG Phase 2 under a fixed-price EPC contract.
- Bring ECA LNG Phase 1 on stream in spring 2026.
- Reach commercial operation for Cimarron Wind in the first half of 2026.
- Use capital recycling and regulatory progress to support the expanded investment plan.
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Miss
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Analyst 52W Price Targets
$78.18Previous close
$36.25Low
$86.26Average
$118High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 30, 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 $78.18. 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 | +6.2% | Sep 29, 2026 |
| Truist Financial | Richard Sunderland | $96 | $83.8 | +22.8% | Sep 3, 2026 |
| Jefferies | Analyst unavailable | $97 | $81.7 | +24.1% | Sep 1, 2026 |
| Mizuho Securities | Analyst unavailable | $84 | $84.32 | +7.4% | Aug 31, 2026 |
| Truist Financial | Analyst unavailable | $100 | $86.53 | +27.9% | Aug 13, 2026 |
| Morgan Stanley | David Arcaro | $108 | $92.88 | +38.1% | Jul 22, 2026 |
| BMO Capital | Analyst unavailable | $102 | $92.79 | +30.5% | Jul 22, 2026 |
| Jefferies | Analyst unavailable | $101 | $92.78 | +29.2% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $103 | $95.15 | +31.7% | Jul 9, 2026 |
| Morgan Stanley | Analyst unavailable | $105 | $91.9 | +34.3% | Jun 24, 2026 |
| Truist Financial | Analyst unavailable | $104 | $90.43 | +33.0% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $104 | $93.27 | +33.0% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $118 | $93.38 | +50.9% | Apr 21, 2026 |
| Truist Financial | Richard Sunderland | $108 | $93.38 | +38.1% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $105 | $96.16 | +34.3% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $101 | $93.34 | +29.2% | Feb 20, 2026 |
| Barclays | Nicholas Campanella | $95 | $86.22 | +21.5% | Feb 3, 2026 |
| Morgan Stanley | David Arcaro | $97 | $86.8 | +24.1% | Feb 2, 2026 |
| UBS | Analyst unavailable | $100 | $85.98 | +27.9% | Jan 22, 2026 |
| UBS | Analyst unavailable | $92 | $85.98 | +17.7% | Jan 22, 2026 |
| Barclays | Nicholas Campanella | $97 | $85.98 | +24.1% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $95 | $84.89 | +21.5% | Jan 21, 2026 |
| Wells Fargo | Shahriar Pourreza | $112 | $92.55 | +43.3% | Jan 20, 2026 |
| UBS | Analyst unavailable | $96 | $87.91 | +22.8% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $91 | $88.57 | +16.4% | Dec 16, 2025 |
| Morgan Stanley | Analyst unavailable | $98 | $91.12 | +25.4% | Nov 20, 2025 |
| Wells Fargo | Analyst unavailable | $115 | $93.17 | +47.1% | Oct 27, 2025 |
| Morgan Stanley | David Arcaro | $99 | $91.88 | +26.6% | Oct 22, 2025 |
| BMO Capital | James Thalacker | $99 | $92.29 | +26.6% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $89 | $92.29 | +13.8% | Oct 22, 2025 |
| BTIG | Analyst unavailable | $106 | $92.29 | +35.6% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $101 | $91.29 | +29.2% | Oct 20, 2025 |
| Evercore ISI | Analyst unavailable | $105 | $92.46 | +34.3% | Oct 6, 2025 |
| Barclays | Analyst unavailable | $80 | $81.72 | +2.3% | Aug 26, 2025 |
| Barclays | Nicholas Campanella | $71 | $74.9 | -9.2% | Jul 10, 2025 |
| Morgan Stanley | David Arcaro | $87 | $76.75 | +11.3% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $89 | $73.31 | +13.8% | Apr 23, 2025 |
| Jefferies | Julien Dumoulin-Smith | $75 | $69.73 | -4.1% | Apr 14, 2025 |
| Morgan Stanley | Analyst unavailable | $86 | $70 | +10.0% | Mar 20, 2025 |
| Jefferies | Julian Dumoulin-Smith | $98 | $85.96 | +25.4% | Oct 24, 2024 |
| BMO Capital | James Thalacker | $96 | $84.83 | +22.8% | Oct 21, 2024 |
| Mizuho Securities | Anthony Crowdell | $93 | $84.83 | +19.0% | Oct 21, 2024 |
| Barclays | Nicholas Campanella | $89 | $83.63 | +13.8% | Oct 1, 2024 |
| Morgan Stanley | David Arcaro | $85 | $83.02 | +8.7% | Sep 25, 2024 |
| BMO Capital | James Thalacker | $93 | $81.37 | +19.0% | Sep 12, 2024 |
| Morgan Stanley | David Arcaro | $80 | $81.67 | +2.3% | Aug 23, 2024 |
| Mizuho Securities | Anthony Crowdell | $88 | $79.96 | +12.6% | Aug 16, 2024 |
| Barclays | Nicholas Campanella | $87 | $78.99 | +11.3% | Aug 13, 2024 |
| BMO Capital | James Thalacker | $90 | $77.57 | +15.1% | Aug 9, 2024 |
| Mizuho Securities | Anthony Crowdell | $86 | $77.67 | +10.0% | May 17, 2024 |
| Mizuho Securities | Anthony Crowdell | $79 | $70.97 | +1.0% | Apr 4, 2024 |
| Barclays | Eric Beaumont | $77 | $71.96 | -1.5% | Feb 22, 2024 |
| Raymond James | James Thalacker | $84 | $74.8 | +7.4% | Jan 11, 2024 |
| BMO Capital | James Thalacker | $84 | $74.84 | +7.4% | Jan 11, 2024 |
| J.P. Morgan | Christopher Turnure | $86 | $76.01 | +10.0% | Jan 4, 2024 |
| Barclays | Eric Beaumont | $76 | $70.12 | -2.8% | Nov 1, 2023 |
| Barclays | Eric Beaumont | $156 | $70.3 | +99.5% | Oct 19, 2023 |
| Citigroup | Analyst unavailable | $42.75 | $41.21 | -45.3% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $45 | $41.34 | -42.4% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $42 | $43.12 | -46.3% | Apr 20, 2022 |
| RBC Capital | Shelby Tucker | $39.5 | $32.68 | -49.5% | Jan 24, 2022 |
| Vertical Research | Jonathan Arnold | $39.5 | $34.18 | -49.5% | Jan 10, 2022 |
| Wells Fargo | Sarah Akers | $36.25 | $30.9 | -53.6% | 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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-30T10:56:06.678909+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T10:56:06.675950+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 2026-09-30. For educational purposes only; not investment advice.