Sempra (SRE) Q1 FY2026 earnings: revenue $3.7 billion, down 3.9% on the year
Sempra (SRE) reported revenue of $3.7 billion for Q1 FY2026, the quarter ended 31 March 2026, down 3.9% on the same quarter a year earlier. Net income was $1.0 billion, up 13.1% on the year, and diluted earnings per share $1.58. The figures are the company's own, from the 10-Q it filed with the SEC on 7 May 2026.
Revenue
$3.7 billion
-3.9% on the year · -2.5% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
n/a
Q2 FY2024Q1 FY2026
Net income
$1.0 billion
+13.1% on the year · +194.6% on the quarter
Q2 FY2024Q1 FY2026
Diluted EPS
$1.58
+13.7% on the year · +192.6% on the quarter
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new, 4 kept.
GAAP and adjusted earnings both higher: GAAP earnings were $1.04 billion, or $1.58 per diluted share, against $1.39 a year earlier. Adjusted earnings were $991 million, or $1.51 per diluted share, against $1.44.
Sempra Infrastructure earnings rose: Sempra Infrastructure earned $262 million attributable to common shares, against $146 million. Sempra Texas Utilities earned $171 million against $146 million, and Sempra California earned $720 million against $724 million.
Base rate order sets new terms: The order sets an annual revenue requirement of about $6.97 billion, a 56.5% debt and 43.5% equity capital structure, a 9.75% authorized return on equity and a 4.94% cost of debt.
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,809
1,189
1,482
+52.1%
+22.1%
Capital expenditure
2,461
3,411
2,336
-27.9%
+5.4%
Free cash flow
-652
-2,222
-854
Free cash flow margin
-17.8%
-59.3%
-22.5%
Cash from investing
-3,311
-3,932
-2,785
Cash from financing
1,912
3,269
1,476
-41.5%
+29.5%
Depreciation and amortisation
621
608
640
+2.1%
-3.0%
Share-based compensation
25.0
39.0
-2.0
-35.9%
Buybacks
20.0
0.0
57.0
-64.9%
Dividends paid
409
408
380
+0.2%
+7.6%
Dividend per share
$0.66
n/a
$0.65
+1.5%
Diluted shares, weighted
655m
654m
653m
+0.3%
+0.4%
Shares outstanding at period end
653m
653m
652m
+0.1%
+0.2%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
32,239
31,594
31,643
+2.0%
+1.9%
Non-controlling interest
7,235
7,199
6,559
+0.5%
+10.3%
Redeemable equity
3,254
3,206
n/a
+1.5%
Debt
36,433
35,021
37,730
+4.0%
-3.4%
Operating lease liabilities
n/a
1,176
n/a
Finance lease liabilities
n/a
1,220
n/a
Other liabilities
34,357
31,462
23,078
+9.2%
+48.9%
Total liabilities and equity
113,518
110,878
99,010
+2.4%
+14.7%
Goodwill
n/a
0.0
1,602
Intangible assets
n/a
0.0
286
Cash and equivalents
794
29.0
1,739
+2,637.9%
-54.3%
Receivables
1,604
1,767
2,107
-9.2%
-23.9%
Inventory
530
561
568
-5.5%
-6.7%
Other assets
110,590
108,521
92,708
+1.9%
+19.3%
Total assets
113,518
110,878
99,010
+2.4%
+14.7%
Questions
What was Sempra's revenue in Q1 FY2026?
Sempra (SRE) reported revenue of $3.7 billion for Q1 FY2026, the quarter ended 31 March 2026, down 3.9% on the same quarter a year earlier.
How much did Sempra earn in Q1 FY2026?
Net income for Q1 FY2026 was $1.0 billion, up 13.1% on the year, and diluted earnings per share $1.58.
When did Sempra report Q1 FY2026 results?
Sempra filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 7 May 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 31 March 2026, filed 7 May 2026: the filing.