Sempra stock resets outlook after stronger third-quarter results

Sempra reported stronger third-quarter results on Thursday, November 5, 2026, and revised its full-year outlook. The company said adjusted earnings increased year over year, while Texas demand is supporting a larger utility investment plan.

Sempra's official earnings release said third-quarter GAAP earnings reached 877 million US dollars, compared with 77 million US dollars a year earlier. Adjusted earnings rose to 917 million US dollars from 728 million US dollars, and adjusted diluted EPS increased to 1.40 US dollars from 1.11 US dollars.

Guidance shifts after strong quarter

Sempra raised its 2026 GAAP EPS guidance range to 7.41 to 8.41 US dollars and guided to the high end of its adjusted EPS range of 4.80 to 5.30 US dollars. The company affirmed its 2027 EPS range of 5.10 to 5.70 US dollars and its projected long-term EPS growth rate of 7% to 9%.

The adjusted figures exclude significant items, including regulatory disallowances, derivative and foreign-exchange effects, and gains or costs related to asset sales. That distinction matters because the planned sale of a 45% equity interest in Sempra Infrastructure Partners is expected to close in November and could affect GAAP comparisons.

Texas investment remains central

Oncor expects its 2027-2031 base capital plan to increase by approximately 20% compared with its 2026-2030 plan. Oncor also reported a new system peak demand record of 33.3 gigawatts, up 6% from the prior-year record, as large-load projects continue to build demand across its service territory.

Sempra stock traded at 70.47 euros on Lang & Schwarz at 17:35 CET on Friday, November 6, 2026. That was 8.39% below the 76.92-euro quote in the November 3 report on the Sempra stock theme page. The move is a separate comparison with the earlier report, not a Xetra daily comparison.

For investors, the stronger quarter improves near-term earnings visibility, while California regulatory decisions and the execution of the planned asset sale remain important variables for the 2027 outlook.

U.S. utility stocks remain sensitive to interest rates, regulatory decisions and infrastructure spending. See current S&P 500 market reports for the broader market setting.

More news and analyses are available on the Sempra stock theme page.