Sempra Shares Fall 3.7% After Mixed Earnings

The energy holding company's Q3 2026 revenue fell short of estimates while adjusted earnings per share beat expectations.

Updated on Nov. 10, 2026 in Public Companies

Isometric editorial illustration of a row of steel transmission towers and cables across an open plain, in muted oxblood, teal, and mustard. — Sempra shares fell 3.7% on Nov. 5 after third-quarter revenue of $3.2 billion missed estimates, though adjusted earnings per share of $1.40 beat expectations. AI Illustration. Upload story photo >

Sempra stock declined 3.7% on Nov. 5 following its mixed third-quarter 2026 earnings release. The San Diego-based energy services holding company reported revenue of $3.2 billion, short of Street estimates, while adjusted earnings per share of $1.40 surpassed consensus.

Why it matters

The mixed results add to a difficult stretch for Sempra, whose shares have fallen 16% over the past year while the S&P 500 gained 12.2%. The divergence from the broader market highlights investor concern about the company's near-term performance.

Sempra reported Q3 2026 revenue of $3.2 billion, below Street estimates, and adjusted EPS of $1.40, above consensus. The company's full-year guidance calls for earnings of $4.80 to $5.30 per share, with the reasons for the revenue gap not addressed in the source.

The players

Sempra

Sempra is an energy services holding company headquartered in San Diego, California, with a market capitalization of $51.5 billion.

Nicholas Campanella

Nicholas Campanella is an analyst at Barclays who covers the utilities sector.

The details

Analyst Nicholas Campanella of Barclays maintained a Buy rating on Sempra and set a $90 price target on Nov. 6. Of the 21 analysts covering the stock, 14 rate it Strong Buy, one Moderate Buy, and six Hold.

Nov. 5, 2026: Sempra shares fall 3.7% after the Q3 earnings release.
Nov. 6, 2026: Barclays maintains its Buy rating and $90 price target.
December 2026: Sempra's current fiscal year ends.

Market Landscape

Sempra's 10.8% year-to-date decline contrasts with the 2.6% gain in the State Street Utilities Select Sector SPDR ETF, indicating that the stock's weakness is company-specific rather than driven by the utilities sector. The one-year picture is similar, with Sempra down 16% while the sector ETF fell 2.4%.

For investors holding Sempra, the 16% one-year decline has erased gains they might otherwise have captured in the broader market. Investors weighing utility exposure may compare Sempra's performance against sector funds before adding or trimming positions.

The takeaway

Sempra's divergence from its sector ETF suggests investors are weighing company-specific factors, such as the revenue shortfall, more heavily than broader utilities trends. Monitoring whether the company meets its full-year guidance will be key to gauging whether the stock can recover.