Sempra stock gains analyst support as earnings and guidance stay robust
Published on 09/06/2026 at 10:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Sempra (ISIN US8168511090) stock is drawing renewed interest after stronger second-quarter 2026 earnings and fresh EPS guidance, while analysts highlight an improving risk-reward profile as of September 5, 2026.
Earnings jump in second quarter 2026
According to an overview of recent SEC filings compiled by a financial data service, Sempra reported second-quarter 2026 GAAP earnings of 796 million dollars, or 1.21 dollars per diluted share, compared with 461 million dollars, or 0.71 dollars, in the same quarter of 2025.
The same filing summary notes that adjusted earnings for the quarter were 762 million dollars and adjusted earnings per share 1.16 dollars, versus 583 million dollars and 0.89 dollars in 2025, underscoring a double-digit year-on-year increase in profitability.
For the first half of 2026, Sempra’s operating cash flow rose to 3.117 billion dollars, underlining the cash backing for its investment program.
Guidance and long-term investment plan
The SEC-based summary also shows that Sempra updated its 2026 GAAP EPS guidance to a range of 5.02 to 5.55 dollars and affirmed its 2026 adjusted EPS guidance of 4.80 to 5.30 dollars, while keeping 2027 EPS guidance at 5.10 to 5.70 dollars.
In addition, Sempra reaffirmed a projected long-term EPS growth rate of 7% to 9%, supported by a record 65 billion dollar capital plan for the years 2026 to 2030, with about 95% of that investment directed toward its regulated utilities in Texas and California.
The filing-based overview further highlights a recent regulatory decision in Texas for majority-owned subsidiary Oncor, where the Public Utility Commission of Texas approved a final order that sets an annual revenue requirement of about 6.97 billion dollars, an increase of roughly 560 million dollars, or 8.7%, versus Oncor’s adjusted annualized revenues.
More on Sempra fundamentals
For investors who want to look beyond the latest earnings headlines, the full overview of regulatory decisions, capital plans and guidance provides important context for Sempra stock.
Analyst sentiment and valuation
A recent analyst-focused article reports that Jefferies strategist Julien Dumoulin Smith has upgraded Sempra to a Buy rating, describing the situation as ‘darkest before dawn’ for the utility’s exposure to Texas and California.
The same analysis points out that Sempra has de-rated to a noticeable price-earnings discount compared with other regulated utility peers because of transmission and legislative concerns, even though its investment plan through Oncor and its California utilities remains largely on track.
Analysts cited in the article expect Sempra’s earnings power to benefit from its robust EPS growth outlook and comparatively lower wildfire risk than some California-focused peers, suggesting that market fears about transmission exposure may have gone further than the actual underlying risk.
Regulated utility and energy infrastructure focus
Sempra is primarily active as a regulated utility and energy infrastructure company, with major operations in California and Texas and an interest in liquefied natural gas export infrastructure, giving it exposure to both domestic grid investment and global energy markets.
The company’s long-term capital plan, as summarized in recent SEC-related documents, concentrates largely on regulated assets, which can offer relatively predictable cash flows when supported by constructive regulatory outcomes such as the approved revenue increase at Oncor.
For long-term investors, the combination of regulated earnings growth and a visible capital expenditure pipeline is a central part of the equity story behind Sempra stock.
Representative asset: Texas utility operations
One representative business pillar for Sempra is its majority-owned stake in Oncor, the Texas transmission and distribution utility whose regulated revenue requirement was recently increased by the Public Utility Commission of Texas.
Oncor’s networks support power delivery across large parts of Texas, and the approved revenue requirement increase of about 560 million dollars compared with adjusted annualized revenues is intended to cover rising capital expenditures and operational costs while maintaining service reliability.
Sempra stock and market data
Recent market commentary notes that Sempra stock was quoted around 83.91 dollars in early September 2026, while analyst consensus price targets cluster close to 102 dollars, implying that the share price is trading noticeably below the average target as of September 5, 2026.
The same data overview indicates that Sempra maintains a regular dividend, with the annualized distribution yielding around 3.1% at recent price levels, which is a relevant component of the total return profile for many utility investors.
Sempra stock at a glance
- Company: Sempra
- ISIN: US8168511090
- Ticker: SRE
- Trading venue: NYSE
- Sector / Industry: Utilities / Multi-Utilities
- Index membership: S&P 500
