Sempra (SRE) Stock

Sempra (SRE) is a Utilities stock trading at $92.24 (as of 2026-07-17), with a market capitalization of $60.30B and a trailing P/E of 30.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Sempra is an energy-services holding company providing regulated electric and natural gas utility services in the United States and internationally. Its main segments include San Diego Gas & Electric (electric and natural gas distribution) and Southern California Gas and Sempra Texas Utilities (natural gas and electricity transmission and distribution), serving millions of customers across specified service areas.

Understand Sempra: how it makes money

Sempra operates utility energy services, providing electric service (San Diego Gas and Electric) and natural gas service (San Diego Gas and Electric and Southern California Gas) to customers in its service territories, and it also earns revenue from an additional energy business.

Sempra’s profit engine is the delivery of electric and natural gas utility services through its two core operating utility systems, where most revenue comes from natural gas utilities and electric utilities, with a smaller add-on contribution from its broader energy-related business.

Revenue by segment (latest quarter)
NatGas Utl	$2.0B
Elec Utl	$1.2B
Energy-Related	$0.4B

Business quality (Solid): The business mix is dominated by two utility revenue streams tied to serving large customer populations in its territories, with a smaller portion from energy-related activities, which can help or hurt depending on how that smaller piece performs.

Valuation: At 32× earnings, SRE trades 46% above the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Large, established utility customer base: Sempra provides natural gas services to about 3.3 million people over 4,100 square miles, and electric services to about 3.6 million people (from the provided segment description).
Revenue diversification across utilities: Its revenue includes both natural gas utilities and electric utilities, rather than relying on a single commodity service.

Bear case

Concentration in utility services: Most of the revenue comes from natural gas utilities and electric utilities, so performance can be sensitive to outcomes in those utility businesses.
Smaller, less-defined upside from energy-related activities: The energy-related business is a smaller revenue contributor in the provided segment breakdown, so any underperformance there may have limited offset.

Valuation — source: SEC EDGAR (first-party)
Price	$92.24
Market Cap	$60.30B
P/E Ratio	30.8
EV / EBITDA	13.9
Price / Book	1.53
Price / Sales	4.48
FCF Yield	-9.7%
DCF Value (model)	$36.08
DCF Upside vs Price	-60.9%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$13.70B
Net Margin	13.4%
Revenue Growth (YoY)	-6.9%
EPS Growth (YoY)	14.4%
FCF Growth (YoY)	-23.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.03 (distress)

Valuation vs Sector & Industry
Stock P/E	30.8
Sector P/E (Utilities)	21.4
Industry P/E (Utilities)	21.1
vs Sector	43.9%
vs Industry	45.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($6.77B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Utilities
Industry	Utilities
CEO	Jeffrey Walker Martin
Employees	16,773
Country	US
IPO Date	1998-06-29

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.