Sempra Q3 FY2026: adjusted EPS $1.40 beats, Texas capex plan up 20%
Sempra beat the bottom line and pointed to the top of its own guidance range, but a California rate ruling took the shine off. Adjusted EPS of $1.40 came in $0.16 above the $1.24 consensus, and management now expects the high end of $4.80 to $5.30 for 2026. Treat the $1.34 GAAP figure gently: the year-ago $0.12 was crushed by a $514 million tax charge, so the comparison flatters.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.34 and adjusted EPS of $1.40 both dwarf the $0.12 printed a year ago, when a $514 million tax charge on assets held for sale did the damage. Against the $1.24 consensus, adjusted EPS beat by $0.16, or roughly 13.3%. Strip out a $97 million gain on the Ecogas sale and $149 million of California regulatory disallowances, and the quarter still clears the bar.
Reported total revenues were $3.19 billion, up 1.3% from $3.15 billion a year earlier — a small move for a company whose earnings swing on regulation and taxes rather than volume. The data feed is messy here: the structured field carries $3.03 billion, and the three segment revenue lines add up to $6.41 billion, so any revenue ratio computed from this file is unreliable. Use the $3.19 billion income-statement number.
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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 2026-11-05
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