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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Fleishman | Wolfe Research | 15 questions · 13% challenging |
| David Arcaro | Morgan Stanley | 12 questions · 0% challenging |
| Carly Davenport | Goldman Sachs | 12 questions · 0% challenging |
| Nick Campanella | Barclays | 11 questions · 9% challenging |
| Julien Dumoulin-Smith | Jefferies | 9 questions · 22% challenging |
| Shar Pourreza | Wells Fargo | 9 questions · 0% challenging |
| Ross Fowler | Bank of America | 7 questions · 0% challenging |
| Anthony Crowdell | Mizuho Securities | 6 questions · 17% challenging |
| Aidan Kelly | JPMorgan | 2 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 analyst | 15 questions · 13% challenging |
| Morgan Stanley | 1 analyst | 12 questions · 0% challenging |
| Goldman Sachs | 1 analyst | 12 questions · 0% challenging |
| Barclays | 1 analyst | 11 questions · 9% challenging |
| Jefferies | 1 analyst | 9 questions · 22% challenging |
| Wells Fargo | 1 analyst | 9 questions · 0% challenging |
| Bank of America | 1 analyst | 7 questions · 0% challenging |
| Mizuho Securities | 1 analyst | 6 questions · 17% challenging |
Q1 adjusted EPS of $1.51 grew 5% year-over-year on $3 billion of investment capital deployed, though revenue declined 3.8% as the quarter's mix shifted. Sempra affirmed all guidance including 2026 EPS of $4.80-$5.30 and 2027 EPS of $5.10-$5.70. The Oncor rate case and UTM approval strengthened Texas returns while the data center load queue surged to 127 gigawatts, ECA LNG Phase 1 neared first production, and California wildfire legislation gained momentum.
Regulation Policy | Capex Investment | Capital Allocation | Guidance Reliability | Demand | Revenue Growth | M&A | Cloud & AI | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 1 | 2 | 9 | 1 | 3 | ||
| 2025Q1 | 2 | 2 | 5 | 1 | 2 | 1 | 3 | 1 |
| 2025Q2 | 2 | 5 | 3 | 2 | 3 | 1 | ||
| 2025Q3 | 3 | 2 | 3 | 2 | 2 | 2 | 1 | 1 |
| 2025Q4 | 3 | 3 | 3 | 5 | 2 | 2 | 1 | 2 |
| 2026Q1 | 4 | 6 | 3 | 3 | 1 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Regulation Policy | 8 | 2 | 2 | 3 | 3 | 4 |
| Capex Investment | 1 | 2 | 5 | 2 | 3 | 6 |
| Capital Allocation | 2 | 5 | 3 | 3 | 3 | 3 |
| Guidance Reliability | 9 | 1 | 2 | 5 | ||
| Demand | 1 | 2 | 2 | 2 | 2 | 3 |
| Revenue Growth | 3 | 1 | 2 | 2 | 1 | |
| M&A | 3 | 3 | 1 | 1 | 1 | |
| Cloud & AI | 1 | 1 | 1 | 2 | 2 |
What SRE and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Moody’s also wants to see some further progress on our construction projects, so they are tracking pipe installation and those things.”
Moody's is conditioning improved credit thresholds for Sempra on further LNG construction progress, tracking pipe installation milestones, a rating-agency expectation.
“Our relationship with KKR remains strong, and we are working closely with them to close the transaction in Q2 or Q3.”
KKR is the counterparty acquiring a stake in Sempra Infrastructure Partners, with the transaction on track to close in Q2/Q3 2026, a signal on KKR's infrastructure investment.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin | FCF |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.75B | +11.8% | $1.04 | -10.8% | 18.0% | $-1.08B |
| FY2025 Q1 | $3.80B | +6.7% | $1.39 | +10.0% | 24.1% | $-854M |
| FY2025 Q2 | $3.00B | +1.1% | $0.71 | -36.6% | 15.8% | $-1.52B |
| FY2025 Q3 | $3.18B | +18.9% | $0.12 | -88.0% | 3.0% | $-1.45B |
| FY2025 Q4 | $3.77B | +0.3% | $0.54 | -47.9% | 9.3% | $-2.22B |
| FY2026 Q1Selected | $3.65B | -3.8% | $1.58 | +13.9% | 28.4% | $-652M |
| FY2026 Q2 | $3.00B | -0.1% | $1.22 | +71.8% | 26.6% | $-1.57B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
No 8-K events recorded for this window.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SRE Sempra | 5 | -3.8% | |
| AES AES Corporation | Newest quarter — available with Pro | Newest quarter — available with Pro |
Newest-quarter details for 1 peer (score, revenue, headline, themes and macro signals) are available with Pro.
Calendar quarter Q1 2026Earnings call May 7, 2026
FY2026 Q1 in brief
Q1 adjusted EPS of $1.51 grew 5% year-over-year on $3 billion of investment capital deployed, though revenue declined 3.8% as the quarter's mix shifted.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Sempra (SRE), FY2026 Q1: 5/10. Scores: Sempra’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: SRE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
GAAP revenue YoY -3.77% → base 4. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.