SEMPRA (SRE) Form 8-K — Aug 6, 2026
Sempra reported second-quarter 2026 GAAP earnings of $796 million, or $1.21 per diluted share, up from $461 million, or $0.71, a year earlier, with adjusted earnings of $762 million, or $1.16 per share, versus $583 million, or $0.89, in Q2 2025. The company updated its full-year 2026 GAAP EPS guidance to $5.02-$5.55, affirmed 2026 adjusted EPS guidance of $4.80-$5.30 and 2027 EPS guidance of $5.10-$5.70, and affirmed its 7-9% long-term EPS growth rate.
Key figures
- Eps
- $1.21 GAAP diluted EPS in Q2 2026 (vs $0.71 in Q2 2025); adjusted EPS $1.16 (vs $0.89); six-month GAAP EPS $2.80, adjusted $2.67
- Revenue
- $2,997 million total revenues in Q2 2026 (vs $3,000 million in Q2 2025); $6,652 million for six months 2026
- Guidance
- Updated FY2026 GAAP EPS guidance to $5.02-$5.55; affirmed 2026 adjusted EPS guidance of $4.80-$5.30 and FY2027 EPS guidance of $5.10-$5.70; affirmed 7-9% long-term EPS growth rate
- Net Income
- $796 million earnings attributable to common shares in Q2 2026 (GAAP); total net income $942 million; six-month GAAP earnings $1,833 million
- Total Debt
- $36,664 million (short-term debt $3,566M + current portion of long-term debt and finance leases $2,075M + long-term debt and finance leases $31,023M)
- Revenue Yoy
- approximately flat (Q2 2026 $2,997M vs Q2 2025 $3,000M)
- Total Assets
- $115,281 million at June 30, 2026
- Cash Position
- $48 million cash and cash equivalents at June 30, 2026 per balance sheet ($2 million restricted cash); $2,700 million total cash, cash equivalents and restricted cash per cash flow statement
- Shares Outstanding
- 656 million diluted weighted-average common shares in Q2 2026
- Interest Expense Q2
- $430 million vs $359 million in Q2 2025
- Sdge Authorized ROE
- ~10.28% base ROE under FERC-approved TO6 transmission rate settlement
- Adjusted Eps Q2 2026
- $1.16 vs $0.89 prior year (~+30% YoY)
- First Half2026 Capex
- over $6 billion invested ($6.1 billion capital deployed)
- Estimated Ecogas Gain
- approximately $165 million-$205 million pretax ($57-$77 million after tax and NCI), closing expected August 2026
- Capital Plan2026 2030
- $64.9 billion (~$65 billion, record; 95% allocated to Texas and California utilities)
- Ercot All Time Peak Load
- 91 GW set in July 2026
- Oncor Large Load Pipeline
- ~44 GW of large-load requests eligible (27 GW base, 17 GW studied, incl. 8 GW existing interconnected) vs current system peak of 31 GW (>140% potential growth)
- Segment Earnings Q2 2026
- Sempra California $297M; Sempra Texas Utilities $346M; Sempra Infrastructure $230M
- Caiso Reliability Projects
- over $160 million of reliability-driven projects for SDG&E in CAISO 2025-2026 Transmission Plan
- Ercot Incremental Transmission
- >$7 billion of endorsed projects supporting ~16 GW of new demand, in-service 2026-2034; Oncor expects to construct the majority
Price after filing
1 day: -2.3%7 days: -0.2%30 days: -3.0%
Close on the filing date to close N calendar days later (from $86.65). Historical, not a forecast.
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