| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 82 | 5.5x | 17.3x | Top tier | |
Growth | 23 | 6.4% | 7.1% | Bottom tier | |
Quality | 25 | 2.5% | 4.5% | Bottom tier | |
Safety | 31 | 5.4x | 2.6x | Bottom tier | |
Capital Return | 96 | 13.29% | 0.06% | Top tier | |
Momentum | 23 | -16.6% | -1.6% | Bottom tier | |
Sentiment | 2 | 1 | 3 | Bottom tier |
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 in utilities and energy infrastructure through Sempra Texas, Sempra California, and Sempra Infrastructure, linking earnings growth to investment in networks, regulated rates, and customer growth, alongside liquefied natural gas projects. In Texas, Oncor is central to electricity network expansion, while California's contribution is tied to regulated operating margins and electricity transmission, and infrastructure includes the ECA LNG and Port Arthur LNG projects. On the 2026-08-06 call, management confirmed that capital is increasingly being directed toward regulated utilities in Texas, with a group investment plan of 65 billion dollars.
In quarter 2 of fiscal year 2026, ended 2026-06-30, revenue reached 3.0 billion dollars, up 11.0% year over year, net income was 797.0 million dollars, diluted earnings per share were 1.22 dollars, and operating cash flow was 1.3 billion dollars. Gross margin reached 96.4% versus 45.8% in quarter 2 of fiscal year 2025, but operating margin declined to 27.8% versus 44.7%, meaning the improvement in revenue and earnings differed from the trend in operating profitability. All three segments contributed positively to performance in the first half of fiscal year 2026; in Texas, new base rates, invested capital, and customer growth supported earnings; in California, regulated margins and electricity transmission margins improved; and infrastructure benefited from lower depreciation on assets classified as held for sale and lower operating and maintenance expenses.
Q2 FY2026
Automated analysis for informational purposes only — not investment advice.
Last 12 months to 2026-06-30
When: 2026-10-30
Revenue level at the 3.0 billion dollar threshold in the earnings announcement
Operating margin level at the 27.8% threshold in the earnings announcement
Update to the adjusted earnings-per-share range for fiscal year 2026 of 4.80 to 5.30 dollars
The indicative value based on the industry multiple is 32 dollars, within a range of 17 to 33 dollars, based on a median sales multiple of 1.5 for nine companies; this method measures Sempra's value when its sales are priced like those of its peers, with low confidence. The central value lies near the upper end of the method's range, but the width of the range limits the precision of the conclusion. A value from one method is insufficient to establish agreement among different valuation approaches or to adopt it as the company's final value.
Figures in the text are as of 2026-10-09; the live price is shown at the top of the page.
Sempra links its utility earnings to regulated rates, investment in networks, and customer growth, alongside its energy infrastructure operations. On the 2026-08-06 call, it presented Oncor's five-year base plan worth 47.5 billion dollars and additional opportunities worth 10 billion dollars through 2030. These opportunities included 4 billion dollars for transmission upgrades in North and Central Texas, making expansion of Oncor's network a defined component of the group's growth.
Net income reached 797.0 million dollars in quarter 2 of fiscal year 2026, ended 2026-06-30, versus 473.0 million dollars in quarter 2 of fiscal year 2025. Gross margin rose to 96.4% versus 45.8%, but operating margin declined to 27.8% versus 44.7%. The results therefore support an improvement in net income and gross margin, while the decline in operating margin remains a separate weakness.
Debt reached 36.7 billion dollars versus cash and investments of 48.0 million dollars in quarter 2 of fiscal year 2026, ended 2026-06-30. On the 2026-08-06 call, management expected the sale of a 45% stake in SI Partners to remove approximately 9 billion dollars of debt from the consolidated balance sheet and support repayment of some parent-company debt. Closing was targeted for quarter 3 of fiscal year 2026, so the transaction's impact depends on closing and is not a confirmed outcome merely because the expectation was announced.
On 2026-08-06, management presented eligible loads of 44 gigawatts under batch zero, divided between 27 gigawatts of base loads and 17 gigawatts of loads under study. Already-connected projects include loads whose usage is expected to rise to 8 gigawatts, providing evidence of demand that is actually materializing. However, determining additional transmission and its timing requires ERCOT studies and regulatory verification, and investments associated with this process fall outside Oncor's base plan of 47.5 billion dollars and its additional opportunities of 10 billion dollars.
Management stated on the 2026-08-06 call that the inspection of ECA LNG after the first cargo in July 2026 revealed damage to equipment associated with refrigeration compressors. It expected substantial completion of the project in quarter 4 of fiscal year 2026, with sales under long-term contracts beginning shortly afterward. In contrast, it confirmed that Port Arthur LNG phases one and two are progressing on schedule and within budget, and that substantial completion of ECA is not a prerequisite for completing the SI Partners transaction.