SRE · Full Picture

SEMPRA — the full picture

Trailing window · 2026-05-12 to 2026-08-10

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Segment Revenue Performance · Revenue growth & mixPriority 74
    +62.9% net_income (realized); 2 sources (news, press_release); quote_verified
    Zacks reported Sempra beat Q2 earnings estimates with adjusted EPS of $1.16 versus the Zacks Consensus of $1.01 and compared to $0.89 a year ago.
  2. Data Center / Load Growth · Demand, orders & backlogPriority 67
    2 sources (news, press_release); 1 forward row(s); quote_verified
    The referenced 44 GW of large-load requests would represent over 140% growth relative to Oncor’s current system peak load of 31 GW if fully realized.
  3. Segment Earnings Performance · UnclassifiedPriority 67
    +151.2% net_income (realized); quote_verified
    Sempra California earnings attributable to common shares for the three months ended June 30, 2026: $297 million and for the six months ended June 30, 2026: $1,017 million.
  4. Regulated Capital Investment Plan · Capital expenditurePriority 65
    2 sources (news, press_release); quote_verified
    Oncor expects to construct the majority of the endorsed ERCOT high-voltage transmission projects, which are subject to regulatory approval.
  5. Grid Modernization and Reliability · Supply chain & operationsPriority 62
    3 forward row(s); quote_verified
    ERCOT endorsed a series of high-voltage transmission projects expected to require more than $7 billion of incremental investment, supporting approximately 16 GW of new electric demand with anticipated in-service dates between 2026 and 2034.
  6. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 61
    2 sources (news, press_release); 3 forward row(s); quote_verified
    The transaction to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR remains on track and is expected to close in the third quarter of 2026, subject to required approvals and customary closing conditions.
  7. Guidance and Outlook · Guidance & outlookPriority 54
    +1.1% net_income; 2 sources (news, press_release); 4 forward row(s); quote_verified
    Sempra 2026 Adjusted EPS Guidance Range excludes a gain on sale of Ecogas ranging from approximately $165 million ($57 million after tax and NCI) to $205 million ($77 million after tax and NCI), which SI Partners expects to complete in August 2026.
  8. Operating Cash Flow Trends · Cash flow generationPriority 52
    quote_verified
    Net cash provided by operating activities for the six months ended June 30, 2026: $3,117 million.
  9. Capital Expenditure Program · Capital expenditurePriority 50
    -1.9% cash (realized); 2 sources (news, press_release); 5 forward row(s); quote_verified
    Sempra's record five-year 2026-2030 capital plan is approximately $65 billion, with 95% allocated to investments at its Texas and California utilities.
  10. Capital Return Program · Buybacks & dividendsPriority 47
    2 sources (news, press_release); 2 forward row(s); quote_verified
    Sempra declared a quarterly dividend of $0.6575 per share.
  11. Texas Data Center Load Freeze · UnclassifiedPriority 43
    1 forward row(s); quote_verified
    Oncor reported service requests increased to 298 GW and is assessing implications of a statewide freeze on new data center interconnection approvals in Texas affecting its nearly 300 GW load pipeline.
  12. Rate Case Outcomes · Pricing & realizationPriority 42
    1 forward row(s); quote_verified
    Oncor’s new base rates became effective June 1, 2026.

Threads by pillar

Revenue & Demand Priority 80 · 4 threads

Costs & Margins Priority 62 · 1 thread

Capital & Balance Sheet Priority 75 · 5 threads

Strategy & Portfolio Priority 63 · 2 threads

Legal, Regulatory & Policy Priority 36 · 1 thread

Guidance & Outlook Priority 54 · 1 thread

Macro & Market Conditions Priority 31 · 1 thread

Unclassified Priority 74 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income+1.1%+1.1%+214.1%
cash——-0.0%