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How Sempra (SRE) makes money: Q2 2026 revenue breakdown
The quarter in brief
Revenue fell 0.1% y/y to $3.00B, operating margin 27.8% vs 19.5%, net income $796M (+72.7% y/y).
Key growth driver: Electric — the fastest-growing revenue line: $1,158, +12% y/y. · by the Q2 2026 report
Earnings attributable to common shares
$796M
up 72.7% y/y
Total revenues
$2,997M
down 0.1% y/y
Operating income (calculated)
$832M
up 42.5% y/y
Next report
not announced yet
How does Sempra make money?
Sempra brought in $3.00 billion of revenue in Q2 2026, down 0.1% year over year. The largest source was Natural gas: $1.36 billion, or 46% of the total, followed by Electric ($1.16B, 39%) and Energy-related businesses ($475M, 16%). Net income for the quarter was $796 million, up 72.7% year over year.
Revenue by source, Q2 2026
- Natural gas$1.36B · 46% · −7.2%
- Electric$1.16B · 39% · +12.3%
- Energy-related businesses$475M · 16% · −4.8%
Shares of $3.00B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
All figures in $M.
| Line item | Amount and change |
|---|---|
| Natural gas | $1,364 · −7.2% |
| Electric | $1,158 · +12.3% |
| Energy-related businesses | $475 · −4.8% |
| Total revenues | $2,997 · −0.1% |
| Cost of natural gas | $63 · −65.6% |
| Cost of electric fuel and purchased power | $114 · +25.3% |
| Energy-related businesses cost of sales | $69 · vs −$85 |
| Operation and maintenance | $1,251 · +1.0% |
| Depreciation and amortization | $612 · −6.3% |
| Franchise fees and other taxes | $194 · +17.6% |
| Operating income (calculated) | $832 · +42.5% · 27.8% margin |
| Other income, net | $67 · +13.6% |
| Interest income | $38 · +171% |
| Interest expense | $430 · +19.8% |
| Income before income taxes and equity earnings | $507 · +70.1% |
| Income tax expense | $112 · −34.9% · 22.1% effective rate |
| Equity earnings | $547 · +39.2% |
| Noncontrolling interests and preferred dividends (calculated) | $146 · +152% |
| Earnings attributable to common shares | $796 · +72.7% · $1.21/sh · 26.6% margin |
Verdict: revenue fell 0.1% y/y to $3.00B, operating margin 27.8% vs 19.5%, net income $796M (+72.7% y/y).
Diluted EPS $1.21 vs $0.71 a year earlier; adjusted EPS $1.16 vs $0.89 (non-GAAP).
Source and notation
Source: Sempra earnings release, 8-K EX-99 of 08/06/2026 (SEC EDGAR). Utility layout: operating revenues less fuel and purchased power, operations and maintenance, depreciation and taxes other than income taxes give operating income; interest and other income lead to pre-tax income. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
- Equity earnings rose to $547M from $393M and income tax expense fell to $112M from $172M, lifting net income to $942M from $519M.
- Earnings attributable to noncontrolling interests rose to $141M from $46M.
- GAAP earnings include a $71M impact from foreign currency and inflation on monetary positions in Mexico and $82M of net unrealized gains on derivatives.
- Operating income was $832M, a 27.8% margin vs 19.5% a year earlier.
- The effective tax rate was 22.1% vs 57.7% a year earlier.
- Diluted EPS was $1.21 vs $0.71 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
Who runs the company now
As of 10/20/2026, per the company’s SEC filings: signatures on the latest report and leadership-change filings.
Positions: the company’s SEC filings. Spotted an error, or is this you and you’d like it corrected or removed? Contact us
How this is compiled
Who runs the company now comes from primary sources only: for US companies, the CEO and CFO signatures on the latest SEC report, and a separate board chair from the proxy statement (DEF 14A); for Russian and Kazakh issuers, the company website and its disclosures. We recheck weekly; if a name can’t be confirmed, or a leadership-change filing came out after the report, we don’t show it until it’s reviewed. History comes from proxy statements, disclosures, Wikipedia and Wikidata; years show when a term started and ended, “since” means the person is in office now. An outcome for a previous employer is shown only when the linked document states it.
Sources · 2
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
- SEC EDGAR: 10-Q 2026-08-06 · SEC EDGAR · 10/20/2026
Sempra is a North American public utility holding company based in San Diego, California. · Text: Wikipedia, CC BY-SA 4.0, abridged
The company is one of the largest utility holding companies in the United States, with nearly 40 million consumers. Sempra's focus is on electric and natural gas infrastructure. Its operating companies include Southern California Gas Company (SoCalGas) and San Diego Gas & Electric (SDGE) in Southern California; Oncor Electric Equipment Delivery Company in Texas; and Sempra Infrastructure, with offices in California and Texas.
Company guidance
Same quarter a year ago (ended September 30, 2025): revenue $3.15B, EPS (GAAP) $0.12
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
SRE earnings history: past report dates
| Aug 6, 2026 Thu | 10:50 amduring market hours | Jun 30, 2026 | $3.0B−0% y/y | $1.21+70% y/y |
| May 7, 2026 Thu | 10:56 amduring market hours | Mar 31, 2026 | $3.7B−4% y/y | $1.58+14% y/y |
| Feb 26, 2026 Thu | 10:57 amduring market hours | Dec 31, 2025 | ≈$3.7B−0% y/y | ≈$0.53−49% y/y |
| Nov 5, 2025 Wed | 10:51 amduring market hours | Sep 30, 2025 | $3.2B+14% y/y | $0.12−88% y/y |
| Aug 7, 2025 Thu | 10:52 amduring market hours | Jun 30, 2025 | $3.0B−0% y/y | $0.71−37% y/y |
| May 8, 2025 Thu | 10:53 amduring market hours | Mar 31, 2025 | $3.8B+4% y/y | $1.39+10% y/y |
| Feb 25, 2025 Tue | 10:54 amduring market hours | Dec 31, 2024 | ≈$3.8B+8% y/y | ≈$1.04−11% y/y |
| Nov 6, 2024 Wed | 10:50 amduring market hours | Sep 30, 2024 | $2.8B−17% y/y | $1.00−12% y/y |
| Aug 6, 2024 Tue | 10:54 amduring market hours | Jun 30, 2024 | $3.0B−10% y/y | $1.12+18% y/y |
| May 7, 2024 Tue | 11:02 amduring market hours | Mar 31, 2024 | $3.6B−45% y/y | $1.26−18% y/y |
| Feb 27, 2024 Tue | 10:55 amduring market hours | Dec 31, 2023 | ≈$3.5B+1% y/y | ≈$1.17+70% y/y |
| Nov 3, 2023 Fri | 11:08 amduring market hours | Sep 30, 2023 | $3.3B−8% y/y | $1.14+48% y/y |
| Aug 3, 2023 Thu | 10:48 amduring market hours | Jun 30, 2023 | $3.3B−6% y/y | $0.95+7% y/y |
| May 4, 2023 Thu | 10:42 amduring market hours | Mar 31, 2023 | $6.6B+72% y/y | $1.53+58% y/y |
| Feb 28, 2023 Tue | 11:05 amduring market hours | Dec 31, 2022 | ≈$3.5B−10% y/y | ≈$0.69−28% y/y |
| Nov 3, 2022 Thu | 10:48 amduring market hours | Sep 30, 2022 | $3.6B+20% y/y | $0.77 |
| Aug 4, 2022 Thu | 11:19 amduring market hours | Jun 30, 2022 | $3.5B+29% y/y | $0.89+29% y/y |
| May 5, 2022 Thu | 11:01 amduring market hours | Mar 31, 2022 | $3.8B+17% y/y | $0.97−33% y/y |
| Feb 25, 2022 Fri | 10:50 amduring market hours | Dec 31, 2021 | ≈$3.8B+21% y/y | ≈$0.96+32% y/y |
| Nov 5, 2021 Fri | 11:23 amduring market hours | Sep 30, 2021 | $3.0B+14% y/y | −$1.01 |
| Aug 5, 2021 Thu | 11:24 amduring market hours | Jun 30, 2021 | $2.7B+9% y/y | $0.69−82% y/y |
| May 5, 2021 Wed | 10:47 amduring market hours | Mar 31, 2021 | $3.3B+8% y/y | $1.44+14% y/y |
| Feb 25, 2021 Thu | 11:00 amduring market hours | Dec 31, 2020 | ≈$3.2B+8% y/y | ≈$0.73+564% y/y |
| Nov 5, 2020 Thu | 10:56 amduring market hours | Sep 30, 2020 | $2.6B−4% y/y | $0.61−57% y/y |
| Aug 5, 2020 Wed | 10:49 amduring market hours | Jun 30, 2020 | $2.5B+13% y/y | $3.81+505% y/y |
| May 4, 2020 Mon | 11:01 amduring market hours | Mar 31, 2020 | $3.0B+5% y/y | $1.26+57% y/y |
| Feb 27, 2020 Thu | 10:33 amduring market hours | Dec 31, 2019 | $2.9B+4% y/y | $0.11+57% y/y |
| Nov 1, 2019 Fri | 10:50 amduring market hours | Sep 30, 2019 | $2.8B+8% y/y | $1.42 |
| Aug 2, 2019 Fri | 10:50 amduring market hours | Jun 30, 2019 | $2.2B+3% y/y | $0.63+600% y/y |
| May 7, 2019 Tue | 11:11 amduring market hours | Mar 31, 2019 | $2.9B+14% y/y | $0.80 |
| Feb 26, 2019 Tue | 11:06 amduring market hours | Dec 31, 2018 | $2.8B−5% y/y | $0.07 |
| Nov 7, 2018 Wed | 11:26 amduring market hours | Sep 30, 2018 | $2.6B−4% y/y | $0.09−57% y/y |
| Aug 6, 2018 Mon | 11:18 amduring market hours | Jun 30, 2018 | $2.2B−14% y/y | $0.09−82% y/y |
| May 7, 2018 Mon | 11:05 amduring market hours | Mar 31, 2018 | $2.5B−16% y/y | $0.04−96% y/y |
| Feb 27, 2018 Tue | 11:28 amduring market hours | Dec 31, 2017 | $3.0B+3% y/y | −$0.90 |
| Oct 30, 2017 Mon | 11:48 amduring market hours | Sep 30, 2017 | $2.7B+6% y/y | $0.21−83% y/y |
| Aug 4, 2017 Fri | 11:29 amduring market hours | Jun 30, 2017 | $2.5B+17% y/y | $0.49 |
| May 9, 2017 Tue | 11:10 amduring market hours | Mar 31, 2017 | $3.0B+16% y/y | $0.90+29% y/y |
| Feb 28, 2017 Tue | 11:37 amduring market hours | Dec 31, 2016 | ≈$2.9B+6% y/y | ≈$0.76+3% y/y |
| Nov 2, 2016 Wed | 10:43 amduring market hours | Sep 30, 2016 | $2.5B+2% y/y | $1.23+146% y/y |
| Aug 4, 2016 Thu | 11:25 amduring market hours | Jun 30, 2016 | $2.2B−9% y/y | $0.03−95% y/y |
| May 4, 2016 Wed | 12:08 pmduring market hours | Mar 31, 2016 | $2.6B−2% y/y | $0.70−20% y/y |
| Feb 26, 2016 Fri | 11:06 amduring market hours | Dec 31, 2015 | ≈$2.7B−2% y/y | ≈$0.74+25% y/y |
| Nov 3, 2015 Tue | 12:06 pmduring market hours | Sep 30, 2015 | $2.5B−12% y/y | $0.50−29% y/y |
| Aug 4, 2015 Tue | 12:27 pmduring market hours | Jun 30, 2015 | $2.4B−12% y/y | $0.59+9% y/y |
| May 5, 2015 Tue | 12:05 pmduring market hours | Mar 31, 2015 | $2.7B−4% y/y | $0.87+74% y/y |
| Feb 26, 2015 Thu | 11:49 amduring market hours | Dec 31, 2014 | ≈$2.7B+2% y/y | ≈$0.59+5% y/y |
| Nov 4, 2014 Tue | 12:27 pmduring market hours | Sep 30, 2014 | $2.8B+10% y/y | $0.70+17% y/y |
| Aug 7, 2014 Thu | 12:10 pmduring market hours | Jun 30, 2014 | $2.7B+1% y/y | $0.54+10% y/y |
| May 2, 2014 Fri | 12:20 pmduring market hours | Mar 31, 2014 | $2.8B+5% y/y | $0.50+39% y/y |
| Feb 27, 2014 Thu | 11:57 amduring market hours | Dec 31, 2013 | ≈$2.7B+1% y/y | ≈$0.56−5% y/y |
| Nov 5, 2013 Tue | 12:00 pmduring market hours | Sep 30, 2013 | $2.6B+2% y/y | $0.60+9% y/y |
| Aug 6, 2013 Tue | 12:12 pmduring market hours | Jun 30, 2013 | $2.7B+27% y/y | $0.49+277% y/y |
| May 2, 2013 Thu | 11:47 amduring market hours | Mar 31, 2013 | $2.6B+11% y/y | $0.36−27% y/y |
| Feb 26, 2013 Tue | 11:53 amduring market hours | Dec 31, 2012 | ≈$2.7B+2% y/y | ≈$0.59+0% y/y |
| Nov 6, 2012 Tue | 12:15 pmduring market hours | Sep 30, 2012 | $2.5B−3% y/y | $0.55−8% y/y |
| Aug 2, 2012 Thu | 11:38 amduring market hours | Jun 30, 2012 | $2.1B−14% y/y | $0.13−88% y/y |
| May 3, 2012 Thu | 11:51 amduring market hours | Mar 31, 2012 | $2.4B−2% y/y | $0.49−8% y/y |
| Feb 28, 2012 Tue | 12:15 pmduring market hours | Dec 31, 2011 | ≈$2.6B | ≈$0.59 |
| Nov 3, 2011 Thu | 12:01 pmduring market hours | Sep 30, 2011 | $2.6B | $0.60 |
| Aug 9, 2011 Tue | 12:12 pmduring market hours | Jun 30, 2011 | $2.4B | $1.05 |
| May 9, 2011 Mon | 12:01 pmduring market hours | Mar 31, 2011 | $2.4B | $0.53 |
Show all 62 reports since 2011Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Sempra: 15-year financials
| 2025 | 13,702 | 1,837 | −6,047 | 1,603 |
| 2024 | 13,185 | 2,862 | −3,308 | 1,499 |
| 2023 | 16,720 | 3,075 | −2,179 | 1,483 |
| 2022 | 14,439 | 2,139 | −4,215 | 1,430 |
| 2021 | 12,857 | 1,318 | −1,173 | 1,331 |
| 2020 | 11,370 | 3,764 | −2,085 | 1,174 |
| 2019 | 10,829 | 2,055 | −620 | 993 |
| 2018 | 10,102 | 924 | −28 | 877 |
| 2017 | 9,640 | 256 | −80 | 755 |
| 2016 | 10,183 | 1,370 | −1,903 | 686 |
| 2015 | 10,231 | 1,349 | −258 | 628 |
| 2014 | 11,035 | 1,161 | −962 | 598 |
| 2013 | 10,557 | 1,001 | −788 | 606 |
| 2012 | 9,647 | 859 | −938 | 550 |
| 2011 | 10,036 | 1,331 | −977 | 440 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*.
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing. The table starts in 2011; where the listed issuer changed (holding reorganization, redomicile), earlier years come from the predecessor’s filings.
Shareholders’ equity at Mar 31, 2026: $32.2B (28% of total assets). Compare with other S&P 500 companies →
Included in screener lists: S&P 500 companies that paid dividends 10 years without a gap
Sempra (SRE) earnings: FAQ
How does Sempra make money?
Sempra brought in $3.00 billion of revenue in Q2 2026, down 0.1% year over year. The largest source was Natural gas: $1.36 billion, or 46% of the total, followed by Electric ($1.16B, 39%) and Energy-related businesses ($475M, 16%). Net income for the quarter was $796 million, up 72.7% year over year.
When is SRE's next earnings date?
We have not yet seen an announcement of the date from Sempra (SRE). Based on last year's report on Nov 5, 2025, the next report is expected around Nov 4, 2026.
What time does SRE report earnings?
Sempra usually reports during market hours: its latest results release was filed with the SEC at 10:50 am ET on Aug 6, 2026.
When did SRE last report earnings?
Sempra reported Q2 2026 results on Aug 6, 2026.
Where can I find Sempra's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to SRE's filings; this page breaks the latest report down in a Sankey chart.
What was SRE's net income in Q2 2026?
Sempra reported net income of $796M for Q2 2026 (+72.7% year over year), under US GAAP.
Does Sempra pay dividends?
Yes. In 2025, Sempra paid $1,603M in dividends on its common stock, per its 10-K. Earlier years are in the 15-year table above.
How has Sempra's revenue changed since 2011?
Per its 10-K filings, revenue grew 1.4x: $10,036M in 2011 and $13,702M in 2025. The peak was $16,720M in 2023. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
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