Utilities
Price
$93.06
+1.85%Market Cap
$60.83B
Day High
$93.20
Day Low
$91.83
SRE reported Q1 FY2026 net income of $1.04B (+13.1% YoY) on revenue of $3.43B (-6.9% YoY), with strong operating cash flow of $1.81B and a significant balance sheet expansion driven by a surge in current assets.
Key risk: Regulatory and Rate Case Risk
As a regulated utility, SRE's revenues and returns are subject to approval by state and federal regulators. Adverse rate case outcomes or regulatory disallowances could materially reduce allowed returns on equity and compress profitability. This risk is heightened given the company's large and growing asset base of $113.5B.
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