Earnings call transcript: Sempra beats Q2 2026 EPS forecast, revenue misses

Sempra (SRE) reported second-quarter adjusted EPS of $1.16, exceeding Wall Street estimates of $1.03, though revenue missed forecasts at $3 billion against an expected $3.18 billion. The company reaffirmed its full-year 2026 and 2027 adjusted EPS guidance, with shares showing little change in premarket trading. Growth is primarily driven by its Texas utility Oncor, supported by a significant capital plan, despite some project delays at Sempra Infrastructure and ongoing discussions regarding large-load interconnections and wildfire liability in California.