SEMPRA Q3 FY26 Results

Summary

Sempra reported strong third-quarter 2026 results, with GAAP earnings of $877 million ($1.34 per diluted share) and adjusted earnings of $917 million ($1.40 per diluted share). For the first nine months of 2026, GAAP earnings were $2.710 billion ($4.13 per diluted share) and adjusted earnings were $2.670 billion ($4.07 per diluted share), showing significant year-over-year growth. The company is updating its full-year 2026 GAAP EPS guidance to $7.41-$8.41 and expects to be at the high end of its adjusted EPS guidance range of $4.80-$5.30. Management highlighted disciplined execution and progress on value creation initiatives, including the expected sale of an equity stake in Sempra Infrastructure Partners.

Key Highlights

1. 1

   Sempra reported third-quarter 2026 GAAP earnings of $877 million or $1.34 per diluted share, a significant increase from $77 million or $0.12 per diluted share in the third quarter of 2025.

2. 2

   On an adjusted basis, third-quarter 2026 earnings were $917 million or $1.40 per diluted share, compared to $728 million or $1.11 per diluted share in the prior year's third quarter.

3. 3

   For the first nine months of 2026, GAAP earnings were $2.710 billion or $4.13 per diluted share, up from $1.444 billion or $2.21 per diluted share in the same period of 2025.

4. 4

   Adjusted earnings for the first nine months of 2026 reached $2.670 billion or $4.07 per diluted share, compared to $2.253 billion or $3.45 per diluted share in the first nine months of 2025.

5. 5

   Sempra is updating its full-year 2026 GAAP EPS guidance range to $7.41 to $8.41 and guiding to the high end of its 2026 adjusted EPS guidance range of $4.80 to $5.30.

6. 6

   Oncor Electric Delivery Company LLC projects its 2027-2031 base capital plan to increase by approximately 20% relative to its 2026-2030 base capital plan, driven by investments to maintain reliability and support load growth.

7. 7

   The transaction to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR remains on track and is expected to close in the next two weeks.