SRE · News · 20260806N

Segment Revenue Performance

SEMPRA · 2026-08-06 · Importance 63 · Surprise 64

Oncor’s second-quarter net income increased to $428 million from $259 million, a $169 million or approximately 65% year-over-year increase. Oncor’s higher earnings reflected surcharge revenue from its comprehensive base-rate review, Unified Tracker Mechanism and System Resiliency Plan revenues, new base rates effective June 1, 2026, interim rates tied to invested capital, and customer growth. Texas operations contributed $346 million to Sempra’s quarter, while SDG&E and Southern California Gas combined contributed $297 million.

Key facts

• Oncor reported net income of $428 million for the three months ended June 30, 2026, compared to net income of $259 million for the three months ended June 30, 2025 (increase of $169 million). source
• New base rates for Oncor went into effect on June 1, 2026 and contributed to higher revenues in Q2 2026. source
• Sempra reported that Texas contributed $346 million to quarterly results while SDG&E and Southern California Gas combined contributed $297 million (reported in Times of San Diego coverage). source