SREASempra
The schedule
- Thu15Oct
Sempra expects critical regulatory updates and FERC authorizations regarding its expanding LNG export facilities.
- Thu4Feb
Q3 results will be accompanied by initial guidance on the 2027 rate-base growth, a critical metric for long-term earnings visibility.
- Thu6May
First-quarter earnings will provide a health check on operational efficiency and seasonal utility demand dynamics.
- Thu6May
Full-year 2026 results and forward 2027 EPS guidance will test Sempra's ability to balance heavy infrastructure spending with shareholder returns.
Past
- Sat15Aug
The market anticipates a mandatory debt or equity issuance to bridge Sempra's widening funding gap and maintain its capital expenditure schedule.
- Thu6Aug
Actual outcome: Mixed
Sempra reported Q2 EPS of $1.59, exactly in line with consensus estimates. The stock remained flat following the release, as the perfectly matched earnings failed to provide a new catalyst to either alleviate or exacerbate market concerns regarding the company's $2.46 billion quarterly capex run-rate and free cash flow deficit.
Sempra reports Q2 earnings as the market scrutinizes its $2.46 billion quarterly capex run-rate and $652 million free cash flow deficit.
- Sat1Aug
Actual outcome: Bear · $20.66 at outcome
The CPUC issued its final decision on the general rate case, authorizing a return on equity that was largely in line with expectations but slightly below the company's initial request. While essential cost recovery mechanisms for California operations were approved, the lack of a significant upside surprise resulted in a muted market reaction, leaving the stock relatively flat.
Expected CPUC decision on general rate case (GRC) setting allowable return on equity (ROE) and cost recovery limits for California operations.
- Thu7May
Actual outcome: Bear · $21.12 at outcome
Sempra reported Q1 2026 EPS of $0.54, exactly in line with consensus estimates, offering no upside surprise to offset existing valuation concerns. With the stock trading at an elevated 34x P/E and facing soft revenue growth, the lack of a strong earnings beat or guidance upgrade failed to justify the premium multiple. Consequently, the stock drifted lower to test the bear floor as investors remained cautious regarding the company's heavy capex burden.
Q1 2026 results and the first detailed 2026 guidance update will be a key check on whether Sempra can justify a 34x P/E and elevated capex while revenue and net income growth remain soft at a $21.64 share price.
