SEMPRA is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue fell 6.9% YoY to $3.43B in Q1 FY2026 from $3.68B in the prior-year period, yet net income rose 13.1% to $1.04B, suggesting meaningful improvement in cost efficiency or favorable non-operating items driving margin expansion.
Operating cash flow increased 22.1% YoY to $1.81B, significantly outpacing net income growth of 13.1%, indicating high-quality earnings and solid cash conversion from core utility operations.
Total assets grew 14.7% YoY to $113.5B, while current assets surged 539.1% to $36.2B from $5.67B, likely reflecting a major reclassification or acquisition-related asset additions that materially changed the balance sheet composition.
Revenue
$3.43B
-6.87% YoY
EPS (Basic)
$1.59
++14.39% YoY
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