Sempra Q1 revenue, adjusted profit miss estimates

Sempra

07/05/2026 13:04

Overview

U.S. utility and energy infrastructure firm's Q1 revenue fell and missed analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company reaffirmed full-year adjusted EPS guidance and continued major infrastructure investments

Outlook

Sempra updates 2026 GAAP EPS guidance to $4.87-$5.37 and affirms adjusted EPS at $4.80-$5.30

Company affirms 2027 EPS guidance range of $5.10-$5.70 and long-term EPS growth rate of 7%-9%

Sempra expects SI Partners and Ecogas transactions to close in Q2 or Q3 2026

Result Drivers

INFRASTRUCTURE INVESTMENT - Co said it invested about $3 bln in capital expenditures in Q1 to modernize and expand energy infrastructure, supporting long-term growth

CAPITAL RECYCLING - Co continued capital recycling initiatives, including closing the Ecogas transaction and advancing the SI Partners transaction, to simplify its business model

COST MANAGEMENT - Co said it is modernizing operations and improving cost structure through its 'Fit for 2026' program

Company press release: ID:nPn16vVtwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$3.66 bln
$4.11 bln (6 Analysts)
Q1 Adjusted EPS
Miss
$1.51
$1.52 (14 Analysts)
Q1 EPS
$1.58
Q1 Adjusted Net Income
Miss
$991 mln
$1.004 bln (4 Analysts)
Q1 Net Income
$1.04 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for Sempra is $105.00, about 12.1% above its May 6 closing price of $93.67

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)