SRE
Sempra
SRE's fundamentals are weak: free cash flow was negative and its operating margin fell 2 points to 18%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
SRE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Weak |
SRE's revenue and profitability are currently healthy, but its cash flow and balance sheet are weak.
SRE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $69.90 | -11% |
| Forward | 15x | $78.98 | — |
| Current | 17x | $78.98 | — |
| Fair | 19x | $86.51 | +9.5% |
| Expensive | 32x | $151 | +91% |
Historical ranges are pointers, not guarantees.
SRE's PE is 17x, but its earnings don't support one, so it isn't a reliable read right now.
SRE Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect SRE's profitability to improve, with its earnings and revenue holding steady.
SRE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.13 | +10% |
| Q3 2026 | $4.66 | +43% |
| Q2 2026 | $3.44 | -17% |
| Q1 2026 | $2.94 | -35% |
| Q4 2025 | $2.75 | -38% |
| Q3 2025 | $3.26 | -28% |
| Q2 2025 | $4.14 | -12% |
| Q1 2025 | $4.55 | +0.7% |
| Q4 2024 | $4.42 | -7.7% |
SRE's earnings per share have fallen from their peak: $4.66 over the past year, against $6.59 in mid-2020. Its recent earnings include one-off gains.
SRE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3B | +9.9% |
| Q2 2026 | $3B | +11% |
| Q1 2026 | $3.4B | -6.9% |
| Q4 2025 | $3.3B | -13% |
| Q3 2025 | $2.8B | -0.7% |
| Q2 2025 | $2.7B | -10% |
| Q1 2025 | $3.7B | +1.1% |
| Q4 2024 | $3.8B | +7.6% |
SRE's revenue is recovering but still below its 2023 peak: $3B last quarter, up 9.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +9.3 points |
| Q2 2026 | 17% | -0.4 points |
| Q1 2026 | 29% | +7.5 points |
| Q4 2025 | 7.2% | -21 points |
| Q3 2025 | 11% | -1.3 points |
| Q2 2025 | 17% | +1.8 points |
| Q1 2025 | 22% | -1.5 points |
| Q4 2024 | 29% | +9.5 points |
SRE's operating margin was 20% last quarter, up 9.3 points from the same quarter a year ago.
SRE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.1B | +$374M |
| Q2 2026 | -$918M | +$602M |
| Q1 2026 | -$652M | +$202M |
| Q4 2025 | -$2.2B | -$1.1B |
| Q3 2025 | -$1.5B | -$538M |
| Q2 2025 | -$1.5B | -$292M |
| Q1 2025 | -$854M | -$772M |
| Q4 2024 | -$1.1B | +$149M |
SRE has burned cash in almost every quarter: −$4.9B over the past year, against −$4.9B the year before.
SRE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -6K shares |
| 1 year | +0.3% | +1.9M shares |
| 3 years | +3.7% | +23.6M shares |
| 5 years | +2.8% | +17.7M shares |
| Available history | +14% | +78.3M shares |
SRE has 656M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1M |
| Q1 2026 | $20M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $1M |
| Q1 2025 | $57M |
| Q4 2024 | $2M |
SRE has spent almost nothing on buybacks in the past year.
SRE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 8.1x | High |
| Q1 2026 | 7.9x | High |
| Q4 2025 | 8.0x | High |
| Q3 2025 | 6.3x | High |
| Q2 2025 | 7.4x | High |
| Q1 2025 | 7.0x | High |
| Q4 2024 | 6.7x | High |
SRE's net debt is about 7.8 years of its operating earnings (EBITDA), up from 6.3 years a year ago.
SRE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 32.2 | Neutral |
SRE's weekly RSI is 40 (neutral) and its Stochastic is 32 (neutral).
SRE PE vs Utilities Sector
| Metric | SRE | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 20x | 17% below |
| PE % | 29 | 44 | 15 pts below |
SRE is trading at 17x earnings, a 17% discount to the Utilities sector's median of 20x, though its earnings don't support one.
SRE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.0 | 2.5% below |
| 20 week MA | $84.8 | 6.8% below |
| 50 week MA | $89.1 | 11% below |
| 100 week MA | $85.0 | 7.1% below |
| 200 week MA | $80.5 | 1.8% below |
SRE is in a downtrend: it's below all five of its weekly moving averages, and 1.8% below its 200-week average.
SRE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $75.4 | $63.0 | -17% |
| 2021 | $63.0 | $64.7 | +2.8% |
| 2022 | $64.7 | $78.9 | +22% |
| 2023 | $78.9 | $74.7 | -5.3% |
| 2024 | $74.7 | $87.8 | +17% |
| 2025 | $87.8 | $88.6 | +1% |
| 2026 YTD | $88.6 | $79.0 | -11% |
SRE has finished higher in four of the last six years. It's down 11% so far in 2026.