Sempra reports higher third quarter profits and raises capital investment plans

Energy company Sempra reported its financial results for the third quarter of 2026 on November 5, 2026. According to PR Newswire Business, the company recorded third-quarter GAAP earnings of $877 million, or $1.34 per diluted share. This is an increase from the $77 million, or $0.12 per diluted share, reported for the third quarter of 2025. PR Newswire Business also reported that adjusted earnings for the third quarter of 2026 reached $917 million. [2]

Seeking Alpha Markets and PR Newswire Business both report that Sempra is guiding to the high end of its full year 2026 adjusted earnings per share range of $4.80 to $5.30. PR Newswire Business reported that the company is also updating its 2026 GAAP earnings per share guidance range while advancing its 2026 value creation initiatives. [1][2]

The company announced an expected 20 percent increase to Oncor's base capital plan, according to PR Newswire Business. Seeking Alpha Markets reported that Oncor previously had a $47.5 billion capital plan, driven by growth in Texas. Seeking Alpha Markets also noted that Sempra highlighted catalysts related to SI Partners alongside potential regulatory risks in California during its quarterly earnings conference call. [1][2]

Sempra operates regulated utilities through Sempra California in Southern California and holds energy infrastructure projects through Sempra Infrastructure. The infrastructure segment focuses on liquefied natural gas export facilities, pipelines, and energy projects in Texas and Baja California. As of 2024, the company employed approximately 20,000 people and held over $100 billion in total assets. [5]