# SREA earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/SREA) · [Earnings tab](https://www.lopjlb.com/stock/SREA?tab=earnings)

Updated: 2026-10-30T05:46:46

Quarters analyzed: 8

## Latest CallCard · Q2

Sempra Q2 adj EPS $1.16, affirms 2026 guidance; SI Partners sale closing Q3 deconsolidating $9B debt; ECA LNG Phase 1 substantial completion Q4; Oncor batch zero 44 GW load; 765 kV hearings; CA wildfire legislation constructive.

**Guidance:** vague

**Tone:** mgmt 0.7 · Q&A pressure 0.5 · divergence 0.2

Prepared remarks highlight strong execution, double-digit EPS growth, affirmation of guidance, and confidence in long-term growth driven by Texas utility investments.

## Quarter one-liners

- **2026 Q2:** Sempra Q2 adj EPS $1.16, affirms 2026 guidance; SI Partners sale closing Q3 deconsolidating $9B debt; ECA LNG Phase 1 substantial completion Q4; Oncor batch zero 44 GW load; 765 kV hearings; CA wildfire legislation constructive.
- **2026 Q1:** Sempra Q1 2026 shows solid earnings, Oncor rate approval, progress on Texas T&D, SI Partners closure, LNG startup and incremental capex outlook, while monitoring regulatory and labor risks.
- **2025 Q4:** —
- **2025 Q3:** —
- **2025 Q2:** Sempra affirmed FY2025 EPS guidance, highlighted progress on Oncor's capital plan and regulatory reforms, advanced LNG and wind projects, while noting ongoing KKR equity‑sale discussions and timing uncertainties for several initiatives.
- **2025 Q1:** —
- **2024 Q4:** Sempra lowered its 2025 EPS guidance, cites higher costs and regulatory outcomes, but remains upbeat on a record $56 bn capital plan and strong Texas growth.
- **2024 Q3:** Sempra sees strong growth from AI, data‑center and EV demand, is optimistic on its California GRC outcome, expands Oncor capital plan and launches a $3 bn ATM, while regulatory approvals and permit timelines remain key uncertainties.

## Guidance path

2024 Q3:maintained → 2024 Q4:lowered → 2025 Q1:vague → 2025 Q2:maintained → 2025 Q3:vague → 2025 Q4:vague → 2026 Q1:maintained → 2026 Q2:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/SREA`