Sempra earnings: date, guidance and what to watch
Sempra's next results are expected on November 4, 2026. Watch Sempra's financing, including whether the planned asset sale arrived and debt changed.
What has Sempra guided for earnings?
Management guides to adjusted EPS of $4.80–$5.30 for 2026. Its 2027 guidance is $5.10–$5.70. The long-term target is 7%–9% annual EPS growth.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| GAAP earnings-per-common share (EPS) guidance range | Year to Dec 2026 | 5.02 | 5.55 | 2026-08-06 |
| Adjusted EPS guidance range | Year to Dec 2026 | 4.80 | 5.30 | 2026-08-06 |
| EPS guidance range | Year to Dec 2027 | 5.10 | 5.70 | 2026-08-06 |
| Capital expenditures for PP&E and investments | Year to Dec 2026 | 11,300 | 11,300 | 2026-08-06 |
What do Sempra's last eight quarters show?
Revenue was broadly flat year over year, while operating income, net income and diluted EPS rose. That pattern fits a utility business: commodity pass-throughs can move revenue, while approved rates, invested capital and cost control shape earnings. The largest improvement came from Sempra Texas Utilities.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,997 | 3,655 | 3,749 | 3,151 | 3,000 | 3,802 | 3,758 | 2,776 |
| Gross margin | 96.4% | 86.5% | 85.0% | 85.8% | 88.0% | 82.5% | 88.2% | 92.3% |
| Operating income | 832 | 1,090 | 389 | 497 | 584 | 959 | 1,046 | 446 |
| Earnings attributable to common shares | 796 | 1,037 | 352 | 77 | 461 | 906 | 665 | 638 |
| EPS, diluted | 1.21 | 1.58 | 0.54 | 0.12 | 0.71 | 1.39 | 1.04 | 1.00 |
| = Free cash flow | -918 | -652 | -2,222 | -1,451 | -1,520 | -854 | -1,085 | -913 |
What this means. Free cash flow is negative because the company spent more cash on equipment and buildings than it generated from day-to-day operations.
What should Sempra watchers look for next?
The next milestones will show whether Sempra’s growth plan is becoming cash-generating infrastructure.
The first test is financing. The existing short-term loan comes due October 26, 2026, and Sempra expected to report Q3 results on November 4. Investors can then see whether the planned asset sale arrived, how debt changed and whether management altered its funding plan.