Sempra Q2 2026: adjusted EPS $1.16 beats, 2026 adjusted guidance affirmed
Sempra beat on profit and left its 2026 adjusted guidance range untouched. Adjusted EPS of $1.16 topped the $1.0688 consensus by 8.5%, helped by Texas utility earnings that rose from $208 million to $346 million. The caveats: GAAP profit leaned on $82 million of unrealized derivative gains, revenue was down year over year, and long-term debt grew by $2.044 billion in six months. Read the adjusted numbers, then the balance sheet.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.21 versus $0.71 a year earlier, and adjusted EPS was $1.16 versus $0.89. Adjusted EPS beat the $1.0688 consensus by about $0.09, or 8.5%, which is a clean beat on the measure management guides to. The GAAP figure is $0.05 above adjusted because it keeps $82 million of unrealized gains on commodity derivatives that the adjusted number strips out.
Revenue came in at $2.799 billion, 6.7% below the $3.0 billion booked a year earlier. Treat that gap with care: the release's own income statement shows $2.997 billion of total revenue, so the lower figure looks like a tagging variant of the same quarter rather than a real drop. Either way, this quarter's earnings growth came from margins, rate changes and equity earnings, not from the top line.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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