Sempra Reports Q3 2026 Earnings Growth Driven by Texas and Infrastructure Segments
Sempra (SRE) reported strong third-quarter 2026 results, with adjusted earnings per share (EPS) of $1.40, marking a 26% increase year-over-year. This growth was primarily fueled by robust performance in Sempra Texas and Sempra Infrastructure. The company also saw significant GAAP EPS improvement to $1.34, up from $0.12 in the prior-year period, aided by gains on sales and reduced transaction costs. Looking ahead, management provided optimistic guidance for 2026 and 2027, aiming for the high end of the $4.80 to $5.30 adjusted EPS range for the current year. The company is aggressively expanding its capital footprint, notably through a 20% increase in Oncor's base capital plan to bolster grid reliability. Despite potential regulatory headwinds in California, Sempra maintains long-term confidence with an affirmed projected rate base CAGR of 11%.
Tickers: $SRE
Topics: capital_expenditure earnings_release eps_growth financial_guidance