Filing Flows › Sempra (SRE) › Q2 2026 › vs Q2 2025
Sempra (SRE) Q2 2026 vs Q2 2025 (year over year)
Sempra's revenue fell $3.0M (-0.1%) from $3.0B in Q2 2025 to $3.0B in Q2 2026. The biggest changes: Electric +$351M (+37%); Gas −$252M (-14%); Other revenues −$102M (-34%). Operating margin 35.2% against 23.0% (+12.1 pts).
Sempra, Q2 2026: revenue $3.0B (-0.1% year over year), operating margin 35.2%, net earnings $797M, operating cash flow $1.3B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 35.2% | 23.0% | +12.1 pts |
| Net margin | 26.6% | 15.8% | +10.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Gas | $1.5B | $1.8B | −$252M | -14% |
| Electric | $1.3B | $939M | $351M | +37% |
| Other revenues | $198M | $300M | −$102M | -34% |
| Revenue | $3.0B | $3.0B | −$3.0M | -0.1% |
| Operating profit | $1.1B | $691M | $363M | +53% |
| Costs & expenses | $1.9B | $2.3B | −$366M | -16% |
| Pre-tax earnings | $1.1B | $691M | $363M | +53% |
| Net earnings | $797M | $473M | $324M | +68% |
| Minority interests | $145M | $46.0M | $99.0M | +215% |
| Income tax | $112M | $172M | −$60.0M | -35% |
| Depreciation & amortization | $612M | $653M | −$41.0M | -6% |
| Share-based compensation | $19.0M | $13.0M | $6.0M | +46% |
| Working capital & other | $120M | $355M | −$235M | -66% |
| Operating cash flow | $1.3B | $784M | $524M | +67% |
| Capital expenditures | $2.2B | $2.3B | −$78.0M | -3% |
| Negative free cash flow (OCF − capex) | $918M | $1.5B | −$602M | -40% |
Questions
How much did Sempra's revenue grow year over year in Q2 2026?
Sempra's revenue fell $3.0M (-0.1%) from $3.0B in Q2 2025 to $3.0B in Q2 2026.
What drove Sempra's revenue change in Q2 2026?
Electric +$351M (+37%); Gas −$252M (-14%); Other revenues −$102M (-34%).