Sempra · SRE · Next earnings

Sempra reports Wednesday, Nov 4, 2026

SRE reports before market open with consensus EPS at $1.08 and revenue at $3.21B. Last quarter: Sempra Reaffirms 2026 EPS Guidance as Texas Load Queue and LNG Startup Drive Q1

Reports Before market open45 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $1.08 Calendar consensus
Consensus revenue $3.21B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 45 days away

Where SRE left off: FY2026 Q1

Full report

Sempra Reaffirms 2026 EPS Guidance as Texas Load Queue and LNG Startup Drive Q1

EPS surprise 0.0% Reported $1.51 vs $1.51
Revenue surprise -10.9% Reported $3.65B vs $4.10B
Stock move -2.2% Event window
Subsequent drift -0.2% Up to 20 sessions

Full-year 2026 adjusted EPS guidance of $4.80 to $5.30 and 2027 guidance of $5.10 to $5.70 were both reaffirmed. Guidance sentiment is maintained with no change from the prior quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Regulatory approvals (FERC, CPUC, PUCT, ERCOT) and potential rule changes affecting load qualification.
  • Labor and supply-chain constraints, especially for projects beyond 2028.
  • Rating agency thresholds and potential downgrade outlook pending post-close milestones.
  • Uncertainty around California wildfire liability legislation (SB 254).
  • Execution risk on the incremental $10 billion capex program.

Questions analysts left open

  • Quality and timeline of the 127 GW large-load queue and its impact on capex.
  • Firming up the incremental $10 billion capital opportunity.
  • Timing and conditions of the SI Partners transaction close and related rating agency impact.
  • Progress on California GRC filing and wildfire liability law changes.
  • Labor availability and cost pressures for long-term projects.

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Recent SRE quarters

All SRE earnings
-2.2%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.