Sempra Posts $877M Q3 Profit; Guides Adjusted EPS Higher

San Diego-based Sempra reported third-quarter GAAP earnings of $877 million, or $1.34 a diluted share, on Thursday, up from $77 million, or $0.12 a share, a year earlier, and said adjusted earnings rose to $1.40 a share from $1.11.

The energy utility holding company, which trades as SRE on the New York Stock Exchange, posted revenue of $3.19 billion, up about 1.3% from $3.15 billion a year earlier. An Associated Press snapshot using Zacks Investment Research data said the adjusted per-share result beat a $1.20 average estimate from four analysts, while revenue missed a $3.35 billion average forecast.

Adjusted results and guidance

Adjusted earnings for the quarter were $917 million. For the first nine months of 2026, GAAP earnings were $2.71 billion, or $4.13 a share, and adjusted earnings were $2.67 billion, or $4.07 a share.

Sempra updated its full-year 2026 GAAP earnings-per-share guidance to $7.41 to $8.41 and said it is guiding to the high end of its 2026 adjusted EPS range of $4.80 to $5.30. It affirmed 2027 EPS guidance of $5.10 to $5.70 and a projected long-term EPS growth rate of 7% to 9%.

Texas demand and capital plans

Oncor Electric Delivery, Sempra’s Texas utility affiliate, set a new system peak demand of 33.3 gigawatts in the quarter, up 6% from the prior-year record. Sempra said Oncor projects its 2027–2031 base capital plan to rise about 20% from its 2026–2030 plan. A planned sale of a 45% stake in Sempra Infrastructure Partners to KKR affiliates remains on track to close within about two weeks, the company said.

Sources: Sempra, Nasdaq, Associated Press via Yahoo Finance, Sempra Exhibit 99.1 (SEC)