Sempra Q2 Profit Surges 73% to $796M, Lifts FY EPS Outlook
SRE is trading near its 52-week low of $78.97 (10% above the low).
Summary
Sempra's Q2 GAAP EPS jumped to $1.21 from $0.71 a year ago, driven by a 73% rise in net income to $796 million. Adjusted EPS came in at $1.16, while revenue was essentially flat at $2.997 billion. The company raised its full-year EPS guidance to $4.80–$5.30 and introduced a 2027 EPS range of $5.10–$5.70, affirming a 7–9% long-term growth rate. This follows recent operational milestones, including the Port Arthur pipeline in-service and Texas transmission projects, though the ECA LNG Phase 1 delay and compressor damage at the Costa Azul plant remain headwinds. The guidance raise signals confidence in the multi-billion-dollar capital plan despite regulatory and project execution risks.
At the time of this announcement, SRE was trading at $87.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $55.3B. The 52-week trading range was $78.97 to $101.04. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: dpa-AFX.