Filing Flows › Sempra (SRE) › Q3 2026 › vs Q3 2025
Sempra (SRE) Q3 2026 vs Q3 2025 (year over year)
Sempra's revenue rose $40.0M (+1%) from $3.2B in Q3 2025 to $3.2B in Q3 2026. The biggest changes: Electric +$400M (+33%); Other revenues −$234M (-59%); Gas −$126M (-8%). Operating margin 35.3% against 20.1% (+15.3 pts).
Sempra, Q3 2026: revenue $3.2B (+1% year over year), operating margin 35.3%, net earnings $883M, operating cash flow $1.6B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 35.3% | 20.1% | +15.3 pts |
| Net margin | 27.7% | 3.0% | +24.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electric | $1.6B | $1.2B | $400M | +33% |
| Gas | $1.4B | $1.5B | −$126M | -8% |
| Other revenues | $161M | $395M | −$234M | -59% |
| Revenue | $3.2B | $3.2B | $40.0M | +1% |
| Operating profit | $1.1B | $632M | $496M | +78% |
| Costs & expenses | $2.1B | $2.5B | −$456M | -18% |
| Pre-tax earnings | $1.1B | $632M | $496M | +78% |
| Net earnings | $883M | $95.0M | $788M | +829% |
| Minority interests | $231M | $55.0M | $176M | +320% |
| Income tax | $14.0M | $482M | −$468M | -97% |
| Depreciation & amortization | $632M | $662M | −$30.0M | -5% |
| Share-based compensation | $22.0M | $14.0M | $8.0M | +57% |
| Working capital & other | $26.0M | $339M | −$313M | -92% |
| Operating cash flow | $1.6B | $1.1B | $453M | +41% |
| Capital expenditures | $2.6B | $2.6B | $79.0M | +3% |
| Negative free cash flow (OCF − capex) | $1.1B | $1.5B | −$374M | -26% |
Questions
How much did Sempra's revenue grow year over year in Q3 2026?
Sempra's revenue rose $40.0M (+1%) from $3.2B in Q3 2025 to $3.2B in Q3 2026.
What drove Sempra's revenue change in Q3 2026?
Electric +$400M (+33%); Other revenues −$234M (-59%); Gas −$126M (-8%).