SRE Q3 2025 Earnings
Reported Nov 5, 2025 at 5:51 AM ET · SEC Source
Q3 25 EPS
$1.11
BEAT +21.74%
Est. $0.91
Q3 25 Revenue
$3.15B
BEAT +6.95%
Est. $2.95B
vs S&P Since Q3 25
-2.7%
TRAILING MARKET
SRE +3.7% vs S&P +6.4%
Market Reaction
Did SRE Beat Earnings? Q3 2025 Results
Sempra delivered a decisive earnings beat in Q3 2025, with adjusted EPS of $1.11 clearing the $0.91 consensus estimate by 21.74% and revenue of $3.15 billion topping expectations by 6.95%, a 17.7% jump from the $2.78 billion reported a year ago. The … Read more Sempra delivered a decisive earnings beat in Q3 2025, with adjusted EPS of $1.11 clearing the $0.91 consensus estimate by 21.74% and revenue of $3.15 billion topping expectations by 6.95%, a 17.7% jump from the $2.78 billion reported a year ago. The standout adjusted performance was powered by strong operational momentum across segments, with Sempra California contributing $2.61 billion in quarterly revenue and Sempra Infrastructure adding $555 million, even as a $514 million tax charge tied to the planned sale of a 45% stake in SI Partners to KKR weighed heavily on GAAP earnings, which fell to just $0.12 per diluted share. That strategic divestiture is designed to simplify Sempra's structure and bankroll an accelerating capital buildout, including Oncor's expected 30%-plus expansion of its 2026–2030 base capital plan, fueled by surging data center interconnection demand in Texas, a dynamic that recently drew a Goldman Sachs upgrade. Looking ahead, Sempra affirmed its 2025 adjusted EPS guidance of $4.30–$4.70 and its 2026 range of $4.80–$5.30, with long-term EPS growth guided to the high end or above its 7%–9% CAGR target through 2029.
Key Takeaways
- • Strong adjusted earnings growth driven by higher utility rate base and infrastructure investments
- • Oncor premises increased by nearly 16,000 reflecting ongoing population and business growth in North Texas
- • Oncor total electric deliveries increased to 50,761 million kWh from 46,208 million kWh year-over-year
- • Capital expenditures for property, plant and equipment rose to $2,561 million from $1,935 million in Q3 2024
SRE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SRE Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased with another solid quarter of financial performance. We continue to make significant progress on our near-term value creation initiatives and we are pleased with our year-to-date financial results.”
— Jeffrey W. Martin, Q3 2025 Earnings Press Release
SRE Earnings Trends
SRE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SRE EPS Trend
Earnings per share: estimate vs actual
SRE Revenue Trend
Quarterly revenue: estimate vs actual
SRE Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.23 | $1.28 | +4.07% | $3.75B | — |
| FY Full Year | $4.60 | $4.69 | +1.89% | $13.70B | -1.41% |
| Q3 25 BEAT | $0.91 | $1.11 | +21.74% | $3.15B | +6.95% |
| Q2 25 BEAT | $0.85 | $0.89 | +5.26% | $3.00B | -3.12% |
| Q1 25 | — | $1.44 | — | $3.80B | — |