Corrected: Sempra Q2 profit beats estimates, reaffirms 2026 adjusted EPS forecast

Sempra

06/08/2026 13:07

Corrects net income in table to $942 mln from $796 mln

Overview
U.S. utility operator's Q2 revenue missed analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company reaffirmed 2026 adjusted EPS guidance and highlighted progress on asset sales

Outlook
Sempra updates 2026 GAAP EPS guidance range to $5.02-$5.55
Company affirms 2026 adjusted EPS guidance range of $4.80-$5.30
Sempra affirms 2027 full-year EPS guidance range of $5.10-$5.70

Result Drivers
CAPITAL INVESTMENT - Co said over $6 bln invested in H1 to support energy reliability and affordability, part of a record five-year capital plan
REGULATORY DEVELOPMENTS - Oncor's new base rates and surcharge took effect, aligning cost structure and supporting infrastructure investment in Texas
ASSET SALES - Progress on sale of Sempra Infrastructure Partners and Ecogas México expected to strengthen financial position and support long-term growth

Company press release: ID:nPn5VpYSHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$3 bln
$3.19 bln (7 Analysts)
Q2 Adjusted EPS
Beat
$1.16
$1.06 (15 Analysts)
Q2 EPS
 
$1.21
 
Q2 Adjusted Net Income
Beat
$762 mln
$715.39 mln (5 Analysts)
Q2 Net Income
 
$942 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the multiline utilities peer group is "buy"
Wall Street's median 12-month price target for Sempra is $104.00, about 22.8% above its August 5 closing price of $84.66
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 4 - Duke Energy's profit beats as higher power demand offsets rising expenses
Aug 5 - Southwest Gas Q2 revenue falls and misses analyst expectations
Aug 5 - Atmos Energy posts higher quarterly profit on rate hikes

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)