Sempra

SRE

Market cap $58.3B

Activist investor Voss Capital ​has urged Sempra to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 ‌billion energy giant's predominant California business, according to sources familiar with the matter and a letter seen by Reuters on Thursday.

SAN DIEGO, May 13, 2026 /PRNewswire/ -- Sempra (NYSE: SRE) today announced that its board of directors has declared a $0.6575 per share quarterly dividend on the company's common stock, which is payable July 15, 2026, to common stock shareholders of record at the close of business on June 25, 2026. About Sempra Sempra's mission is to build America's leading utility growth business.

I am rating Sempra a Strong Buy because Oncor's 127 GW qualifying load forecast creates a much larger long-term transmission and distribution opportunity for the company. The biggest growth driver is Oncor's large-load opportunity in Texas. I estimate that if only 20 GW of Oncor's 127 GW load converts, it could create $17 billion of incremental rate base. My price target is $163, representing a 76% potential upside. I arrive at the PT by using a 21x FWD earnings multiple and a 2030 EPS estimate of $7.74.

A $31.00 per share cash payment represents a premium of more than 20% over the recent market prices, estimated fair value, and par value of the shares   LOS ANGELES, May 12, 2026 /PRNewswire/ -- Southern California Gas Company (SoCalGas) (OTCQB: SOCGP) (OTC PINK: SOCGM), a subsidiary of Sempra (NYSE: SRE), today announced it will hold a Special Meeting of Shareholders (the "Special Meeting") on July 13, 2026. The anticipated record date for the Special Meeting is May 18, 2026, and only shareholders at the close of business on that date will be eligible to vote.

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Sempra (SRE) Q1 2026 Earnings Call Transcript

SRE matches Q1 earnings estimates as strong infrastructure and Texas utility results help offset lower revenues and rising debt.

Sempra (SRE) came out with quarterly earnings of $1.51 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.44 per share a year ago.

Sempra narrowly missed Wall Street estimates for first-quarter profit on Thursday, as lower natural gas sales and weaker revenue at ​its California utilities outweighed gains from its Texas utility and ‌infrastructure businesses.

DALLAS, May 7, 2026 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported net income of $212 million for the three months ended March 31, 2026, compared to net income of $181 million in the three months ended March 31, 2025. The increase in net income of $31 million was driven by overall higher revenues primarily attributable to an increase in revenues recognized related to the Unified Tracker Mechanism ("UTM") and the System Resiliency Plan ("SRP"), updated interim rates to reflect increases in invested capital, and customer growth, partially offset by lower customer consumption, primarily attributable to milder weather, higher interest expense and depreciation expense associated with increases in invested capital, and higher operation and maintenance expense.