Equity Profile

SRE

Sempra

UtilitiesMulti-Utilities$61.7B

May2Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Sempra (SRE) is a utility company that operates in the energy sector, providing electricity and natural gas services. With a market cap of $62 billion, it plays a crucial role in the energy infrastructure, focusing on sustainable energy solutions and reliable service delivery.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and improve service offerings.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SRE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+4.49%

Avg Stock Reaction

-1.71%

Last Quarter Recap

In Q1-2026, Sempra reported an EPS of $1.51, slightly beating estimates. However, the stock reacted negatively the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to sustainable energy projects.
Plans to enhance customer service and satisfaction.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Sempra's upcoming earnings, given its recent performance. However, there are concerns about revenue growth and customer satisfaction.

Bull Case

If Sempra continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust operational performance and investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining customer satisfaction, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is customer satisfaction trending, and what are the current ratings?

Customer satisfaction directly affects retention and growth, making it a vital metric for future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Sempra's recent investments in sustainable energy, which could drive higher customer satisfaction and revenue growth.

Supporting Evidence

Recent operational improvements may not be fully reflected in EPS estimates.

Options pricing suggests a lower expected move than historical averages, indicating potential for a surprise.

The company's commitment to sustainability could enhance its market position and customer loyalty.

Key Risk

If customer satisfaction ratings exceed expectations, it could significantly shift the narrative around Sempra's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on profitability and customer satisfaction, which are critical for maintaining investor confidence and growth.

Bull Confirmed If

An EPS of $1.60 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.40 would indicate potential issues in profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±3.2%

Historical Avg

±4.2%

Pricing cheap

The options market is pricing a modest move of around 3.2%, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.2% while SRE has averaged ±4.2% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

19.3%

Calls (9K)P/C Ratio: 0.11Puts (6K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sempra beats expectations, history suggests a modest positive reaction, typically around +0.01%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors weigh management's commentary on future growth.

Miss

A miss could lead to a decline of around -4.59%, reflecting investor disappointment and concerns about the company's outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on EPS performance and any surprises.
2Updates on customer satisfaction ratings and initiatives.
3Insights into revenue growth and operational efficiency.
4Management's commentary on future sustainability projects.
5Any changes in guidance or outlook for the next quarter.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Apr29

GPIReported

Group 1 Automotive, Inc.

RecapView

Apr29

SHOOReported

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its customer base and improve service offerings.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SRE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+4.49%

Avg Stock Reaction

-1.71%

Last Quarter Recap

In Q1-2026, Sempra reported an EPS of $1.51, slightly beating estimates. However, the stock reacted negatively the following day, indicating market concerns despite the earnings beat.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to sustainable energy projects.
Plans to enhance customer service and satisfaction.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Sempra's upcoming earnings, given its recent performance. However, there are concerns about revenue growth and customer satisfaction.

Bull Case

If Sempra continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust operational performance and investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining customer satisfaction, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability, and any significant deviation from expectations could impact investor sentiment.

How is customer satisfaction trending, and what are the current ratings?

Customer satisfaction directly affects retention and growth, making it a vital metric for future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of Sempra's recent investments in sustainable energy, which could drive higher customer satisfaction and revenue growth.

Supporting Evidence

Recent operational improvements may not be fully reflected in EPS estimates.

Options pricing suggests a lower expected move than historical averages, indicating potential for a surprise.

The company's commitment to sustainability could enhance its market position and customer loyalty.

Key Risk

If customer satisfaction ratings exceed expectations, it could significantly shift the narrative around Sempra's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's focus is on profitability and customer satisfaction, which are critical for maintaining investor confidence and growth.

Bull Confirmed If

An EPS of $1.60 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.40 would indicate potential issues in profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±3.2%

Historical Avg

±4.2%

Pricing cheap

The options market is pricing a modest move of around 3.2%, suggesting that investors expect some volatility around the earnings announcement.

Options are pricing ±3.2% while SRE has averaged ±4.2% over the last 8 prints — setup is pricing cheap.

Detail

ATM IV

0.3%

30d HV

19.3%

Calls (9K)P/C Ratio: 0.11Puts (6K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Sempra beats expectations, history suggests a modest positive reaction, typically around +0.01%, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors weigh management's commentary on future growth.

Miss

A miss could lead to a decline of around -4.59%, reflecting investor disappointment and concerns about the company's outlook.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on EPS performance and any surprises.
2Updates on customer satisfaction ratings and initiatives.
3Insights into revenue growth and operational efficiency.
4Management's commentary on future sustainability projects.
5Any changes in guidance or outlook for the next quarter.