Sempra Raises EPS Outlook After Strong Q3 2026 Earnings
Sempra updated its 2026 earnings guidance and announced a 20% boost to Oncor's base capital plan following a solid third quarter.
Sempra (NYSE: SRE) reported strong third-quarter 2026 financial results on Wednesday, prompting the San Diego-based energy company to update its full-year earnings outlook and advance several value-creation initiatives heading into the final stretch of the year.
The company revised its 2026 GAAP earnings per share guidance range while guiding toward the high end of its adjusted EPS guidance range, signaling management's confidence in the firm's operational momentum and near-term financial trajectory.
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Among the most significant announcements was an expected 20% increase to the base capital plan at Oncor, Sempra's Texas-based electric transmission and distribution subsidiary. The expanded capital commitment points to accelerating infrastructure investment in one of the fastest-growing power markets in the United States.
The combination of raised guidance and a larger capital deployment at Oncor reflects broader strategic priorities at Sempra, which has been positioning its regulated utilities and energy infrastructure assets to capture demand growth driven by industrial expansion and electrification trends across its service territories.
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