| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 35 | 24.1x | 17.8x | Bottom tier | |
Growth | 19 | 6.4% | 7.1% | Bottom tier | |
Quality | 34 | 4.3% | 4.5% | Bottom tier | |
Safety | 34 | 5.2x | 2.6x | Bottom tier | |
Capital Return | 49 | 3.10% | 2.12% | Around median | |
Momentum | 42 | 6.2% | 2.9% | Around median | |
Sentiment | 67 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Sempra operates across three business pillars evident in its disclosures: electric transmission and distribution utilities in Texas through Sempra Texas and Oncor, energy utilities in California through Sempra California, SDG&E, and SoCalGas, and infrastructure and liquefied natural gas assets within Sempra Infrastructure. The company generates earnings by investing in regulated assets and recovering their costs through regulatory frameworks, alongside liquefied natural gas projects such as ECA LNG and Port Arthur LNG, but it is strategically moving toward a lower-risk U.S. utility model by recycling capital from Sempra Infrastructure and Ecogas into its utility businesses.
In fiscal Q1 2026, revenue was $3.4 billion, net income was $1.0 billion according to EDGAR data, and diluted earnings per share were $1.58, equivalent to a calculated net income margin of approximately 29.4%. On an adjusted basis, the company reported earnings of $991 million and earnings per share of $1.51, compared with $942 million and $1.44 in fiscal Q1 2025, while GAAP earnings per share increased from $1.39 to $1.58.
The improvement in adjusted earnings in fiscal Q1 2026 came from a $25 million increase at Sempra Texas, $44 million from higher core operating earnings at Sempra California, and $34 million at Sempra Infrastructure due to lower depreciation following the classification of assets as held for sale. In contrast, Sempra Parent recorded an additional $6 million in losses, while the Texas businesses faced higher interest, depreciation, and operating and maintenance expenses, and the California businesses had $48 million less in tax benefits along with higher net interest expense.
The analyst consensus rates SRE as a "Buy," with an average price target of $105.33 and a range of $100 to $118; the average is only approximately 4.2% above the 52-week range high of $101.04, while the highest target is approximately 16.8% above that high. In contrast, the August 18, 2026, report cited a price-to-earnings multiple of 24.8 times versus 18.7 times for the global sector and 20.6 times for peers, so the valuation assumes achievement of the targeted earnings-per-share growth of between 7% and 9% and execution of the capital plan without setbacks. The relatively narrow target range of $100 to $118 reflects a positive view, but the multiple premium and regulatory and capital-execution risks limit the margin of safety.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
The announced growth is based on a $65 billion capital plan, with an increasing portion directed toward Texas utilities. Oncor's base plan amounts to $47.5 billion, alongside approximately ten billion dollars of additional opportunities, while Sempra aims to have approximately 60% of its regulated asset base in Texas by the end of 2030. The company targets long-term earnings-per-share growth of between 7% and 9%, supported by regulatory mechanisms such as the UTM, which can be filed every 365 days.
Oncor's large-load queue amounted to approximately 289 gigawatts on May 7, 2026, of which 271 gigawatts were associated with data centers. The company submitted 102.22 gigawatts of large loads and 5.2 gigawatts of medium-sized loads to the 2026 Regional Transmission Plan and said the quality level of the submitted loads was comparable to the previous high-confidence group. However, these loads are subject to studies and approvals extending through 2026 and 2027, and management confirms that Oncor's base plan does not depend on them materializing.
Revenue was $3.4 billion, net income was $1.0 billion, and diluted earnings per share were $1.58 according to EDGAR data. On an adjusted basis, the company generated $991 million and earnings per share of $1.51, compared with $942 million and $1.44 in fiscal Q1 2025. Sempra Texas contributed a $25 million increase in earnings, Sempra California contributed a $44 million increase in core operating earnings, and Sempra Infrastructure contributed a $34 million increase.
Automated analysis for informational purposes only — not investment advice.
On May 7, 2026, ECA LNG Phase 1 had achieved mechanical completion and begun initial commissioning after gas was introduced into the facility. Port Arthur LNG Phases 1 and 2 were progressing on schedule and on budget, with discussions continuing to secure the remaining volumes from Phase 2 under long-term contracts. Despite the positive outlook for liquefied natural gas opportunities, Sempra explained that it would reduce its capital allocation to this business as it transitions to a model focused on U.S. utilities.
On May 7, 2026, Sempra expected to close the SI Partners transaction during fiscal Q2 or Q3 2026 after obtaining approvals from FERC and antitrust authorities, with some approvals from partners and Japanese financing entities still outstanding. The Ecogas sale was also targeted to close during fiscal Q2 or Q3 2026. The company intends to use the proceeds to reinvest in utilities, repay part of the parent company's debt, and deconsolidate Sempra Infrastructure, but rating agencies were also awaiting progress on construction projects before adjusting their credit thresholds.
Additional Texas projects require ERCOT and PUCT approvals, CCN certificates, and rights-of-way before entering the committed capital plan. In California, the wildfire liability framework was under legislative discussion on May 7, 2026, while SDG&E's proposed settlement to increase the authorized base return to 10.28% remained subject to FERC approval. At the execution level, Oncor described the labor market as tight, and the needs for the two outer years of the procurement plan were based on understandings or agreements that had not yet been executed.
