Sempra announces Petrobras LNG deal: Scotiabank sees USD 83.00 target for Sempra stock

Published on 10/06/2026 at 16:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank forecasts USD 5.08 FY2026 EPS, below USD 5.12 consensus. A USD 0.6575 dividend is due October 15, 2026 for Sempra stock.

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Sempra announced a 20-year LNG supply agreement with Petrobras on September 14, 2026, while Scotiabank assigned Sempra stock a USD 83.00 target and a Sector Perform rating on October 1, 2026. The analyst forecast of USD 5.08 in fiscal 2026 earnings per share compares with a USD 5.12 consensus estimate, according to MarketBeat.

Petrobras deal extends LNG strategy

According to Sempra, the agreement covers LNG sourced from contracted capacity at the Port Arthur LNG Phase 2 project in Texas. The project is expected to add two liquefaction trains and is scheduled to reach commercial operations in 2030 and 2031 for its later trains.

The agreement gives Sempra another long-duration customer relationship as the company directs capital toward regulated utility infrastructure and LNG development. The same release says Sempra's five-year 2026-2030 capital plan totals USD 65 billion, with more than 95 percent allocated to regulated utility infrastructure.

Second-quarter earnings set the base

Sempra reported USD 2.997 billion of revenue for the second quarter of 2026, compared with USD 3.000 billion in the second quarter of 2025, according to Sempra. Net income rose to USD 942.0 million from USD 519.0 million, while earnings attributable to common shares increased to USD 796.0 million from USD 461.0 million.

For the second quarter, GAAP diluted earnings per share reached USD 1.21, up from USD 0.71 a year earlier. Sempra also affirmed adjusted fiscal 2026 earnings-per-share guidance of USD 4.80 to USD 5.30 and fiscal 2027 guidance of USD 5.10 to USD 5.70.

NYSE range keeps valuation in view

On the NYSE, Sempra was trading at USD 78.92 on October 6, 2026 at 10:57 a.m. EDT, versus a prior close of USD 78.16. Its market capitalization was USD 51.6 billion, and the 52-week range was USD 76.21 to USD 101.04 on the same date.

The USD 83.00 Scotiabank target sits above the reported NYSE price, while the broader consensus target cited by MarketBeat was USD 100.36. A quarterly dividend of USD 0.6575 was scheduled for payment on October 15, 2026, adding a dated cash-return event to the LNG and utility investment story.

Capital spending remains central

Sempra's latest figures show the tension between near-term revenue stability and investment-led growth. Second-quarter revenue was effectively unchanged year over year, but net income increased by USD 423.0 million, while the company's guidance continues to point to earnings growth through fiscal 2027.

The LNG agreement and the capital plan place execution at the center of the investment case. Regulatory approvals, construction schedules and the conversion of large infrastructure spending into earnings remain material factors for the stock's valuation.

Stock remains below yearly high

Sempra was trading at USD 78.92 on the NYSE on October 6, 2026 at 10:57 a.m. EDT, against a USD 101.04 52-week high and a USD 76.21 52-week low. The company reported second-quarter 2026 GAAP diluted earnings per share of USD 1.21, compared with USD 0.71 in the prior-year quarter.