The mixed results reflect strong underlying performance (adjusted EPS growth) offset by significant one-time charges. The raised capital plan and long-term EPS outlook suggest confidence in future growth, but traders should monitor execution of the capital plan and whether the company can maintain adjusted EPS growth in 2026.
Price Chart
Executive Summary
Sempra reported strong 2025 financial results with adjusted EPS of $4.69, up 0.9% YoY, despite a 36% decline in GAAP EPS due to one-time regulatory disallowances and tax items. The company affirmed its 2026 EPS guidance of $4.80-$5.30, announced a 2027 EPS guidance of $5.10-$5.70, and issued a robust 2030 EPS outlook of $6.70-$7.50. It also raised its five-year capital plan to $65 billion and announced a 1.9% dividend increase.
Key Financial Metrics
Key Facts
- Adjusted EPS for 2025 was $4.69, up 0.9% YoY from $4.65 in 2024
- GAAP EPS for 2025 was $2.75, down 37.8% YoY from $4.42 in 2024
- Affirmed 2026 adjusted EPS guidance range of $4.80 to $5.30
- Announced 2027 EPS guidance range of $5.10 to $5.70 and 2030 EPS outlook of $6.70 to $7.50
- Raised five-year capital plan to $65 billion from $56 billion
- Declared a $0.6575 per share quarterly dividend, representing a 1.9% annual increase
Financial Impact
Adjusted earnings grew 1.4% YoY to $3.07 billion, while GAAP earnings declined 36.5% to $1.80 billion. The company raised its five-year capital plan by $9 billion to $65 billion.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Sempra California | $11.8B | +3.8% |
| Sempra Texas Utilities | $2.0B | +4.4% |
| Sempra Infrastructure | $13.8B | +3.9% |
Risk Factors
- Execution risk on the $65 billion capital plan
- Regulatory risk from disallowances that impacted 2025 GAAP earnings
- Currency and inflation impacts on Mexican operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001032208-26-000008 |
| Exhibit: ex99_2x20251231xearningsta.htm | 0001032208-26-000008 |
| Document: sempra-20260226.htm | 0001032208-26-000008 |
| Document: 0001032208-26-000008-index-headers.html | 0001032208-26-000008 |
| Document: 0001032208-26-000008-index.html | 0001032208-26-000008 |
| Document: 0001032208-26-000008.txt | 0001032208-26-000008 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Press Release | $84.35 $84.57 | ▲ +0.26% | ▼ −0.34% | $78.38 (−7.08%) |
Jun 16, 2026 15w ago | 8-K | $91.77 $93.36 | ▲ +1.73% | ▲ +1.53% | $78.38 (−14.59%) |
May 19, 2026 19w ago | Insider Cluster | $91.46 $90.69 | ▼ −0.84% | ▼ −1.58% | $78.38 (−14.30%) |
Mar 27, 2026 27w ago | DEFA14A | $95.88 $92.46 | ▼ −3.57% | ▼ −16.31% | $78.38 (−18.25%) |
Mar 12, 2026 29w ago | Insider Cluster | $92.54 $98.82 | ▼ −6.78% | ▼ −4.81% | $78.38 (+15.31%) |
Mar 11, 2026 29w ago | Insider Cluster | $92.15 $99.75 | ▲ +8.25% | ▲ +7.73% | $78.38 (−14.94%) |
Mar 9, 2026 29w ago | Insider Cluster | $92.86 $98.46 | ▲ +6.03% | ▲ +8.83% | $78.38 (−15.60%) |
Mar 9, 2026 29w ago | Insider Cluster | $92.86 $98.46 | ▲ +6.03% | ▲ +8.83% | $78.38 (−15.60%) |
Mar 9, 2026 29w ago | Insider Cluster | $92.86 $98.46 | ▲ +6.03% | ▲ +8.83% | $78.38 (−15.60%) |
Feb 26, 2026 31w ago | 8-K | $94.54 $95.54 | ▲ +1.06% | ▲ +7.46% | $78.38 (−17.09%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access