Sempra Reports Q3 2026 Financial Results and Updates Capital Plan

Executive Summary

On November 5, 2026, Sempra (NYSE: SRE) filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) disclosing its financial results for the three and nine months ended September 30, 2026.

Financial Highlights

• Q3 2026 GAAP Net Income: $877 million ($1.34 per diluted share), compared to $77 million ($0.12 per diluted share) in Q3 2025.
• Q3 2026 Adjusted Net Income: $917 million ($1.40 per diluted share), compared to $728 million ($1.11 per diluted share) in Q3 2025.
• Nine-Month 2026 GAAP Net Income: $2.710 billion ($4.13 per diluted share), compared to $1.444 billion ($2.21 per diluted share) in 9M 2025.
• Nine-Month 2026 Adjusted Net Income: $2.670 billion ($4.07 per diluted share), compared to $2.253 billion ($3.45 per diluted share) in 9M 2025.
• Diluted Weighted-Average Shares: 656 million shares for Q3 2026.

Strategic Updates & Capital Program

• Capital Deployment: Sempra invested approximately $10 billion in capital across its operating businesses in the first nine months of 2026.
• Oncor Base Capital Plan Expansion: Oncor projects its 2027–2031 base capital plan to increase by approximately 20% over the 2026–2030 plan, driven by load growth and system reliability needs in the ERCOT market. Peak demand reached a record 33.3 GW during the quarter.
• Infrastructure Transactions: The sale of a 45% equity stake in Sempra Infrastructure Partners to KKR affiliates is anticipated to close within two weeks. Additionally, Sempra completed the divestiture of Ecogas México in August 2026 (generating an after-tax gain of $97 million).