Filing Flows › Sempra (SRE) › Q1 2026
Sempra (SRE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Sempra (SRE) reported revenue of $3.7B for the first quarter 2026 (Q1 2026), -4% from a year earlier and -3% from the quarter before. Operating margin was 33.2%, net earnings $1.0B (28.4% of revenue).
Sempra, Q1 2026: revenue $3.7B (-4% year over year), operating margin 33.2%, net earnings $1.0B, operating cash flow $1.8B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -3% | -4% |
| Operating profit | $1.2B | +156% | +24% |
| Net earnings | $1.0B | +195% | +13% |
| Operating cash flow | $1.8B | +52% | +22% |
What changed
Revenue was $3.7B in Q1 2026, down 4% year over year and down 3% from the previous quarter. Gas was the largest line at 58% of revenue. Gas lost $0.41B year over year (down 16%), 281% of the total change.
Operating profit was $1.2B, a 33.2% margin (up 7.6 points year over year). Total costs fell 14% while revenue fell 4%. Net earnings were $1.0B, up 13% year over year. The effective tax rate was 5.3%.
Operating cash flow was $1.8B (up 22% year over year), 157% of net income including minority interests. Non-cash charges added back $0.62B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $2.5B exceeded it, leaving free cash flow of −$0.65B.
Questions
What was Sempra's revenue in the first quarter 2026?
Sempra (SRE) reported revenue of $3.7B for the first quarter 2026 (Q1 2026), -4% from a year earlier and -3% from the quarter before.
Was Sempra profitable in the first quarter 2026?
Operating profit was $1.2B (33.2% of revenue) and net earnings $1.0B.
Source: Sempra 10-Q on SEC EDGAR.