Quarterly ResultMay 7, 2026, 11:06 AM
Sempra Q1 Adjusted EPS $1.51; GAAP EPS $1.58
AI Summary
Sempra reported strong first-quarter 2026 financial results, with GAAP earnings increasing to $1.04 billion, or $1.58 per diluted share, and adjusted earnings reaching $991 million, or $1.51 per diluted share. The company invested approximately $3 billion in capital expenditures and affirmed its full-year 2026 and 2027 adjusted EPS guidance ranges. Key operational advancements include the approval of Oncor's base rate settlement in Texas and continued progress on the divestment of Sempra Infrastructure Partners and Ecogas México.
Key Highlights
- Reported Q1 2026 GAAP earnings of $1.04 billion, or $1.58 per diluted share, up from $906 million or $1.39 in Q1 2025.
- Achieved Q1 2026 adjusted earnings of $991 million, or $1.51 per diluted share, compared to $942 million or $1.44 in Q1 2025.
- Invested approximately $3 billion in capital expenditures during Q1 2026.
- Affirmed full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 and full-year 2027 EPS guidance range of $5.10 to $5.70.
- Public Utility Commission of Texas (PUCT) adopted Oncor's base rate settlement, providing an annual revenue requirement of $6.97 billion and 9.75% authorized return on equity.
- Sempra California segment earnings were $720 million in Q1 2026, while Sempra Texas Utilities segment earnings were $171 million.
- Sempra Infrastructure segment earnings reached $262 million in Q1 2026.
- Divestments of Sempra Infrastructure Partners and Ecogas México are expected to close in Q2 or Q3 2026.