01—Abstract
Summary
Summary of the 10-Q filed May 7, 2026. Cited figures are marked; the original filing is the authoritative source.
Sempra reported a solid first quarter for 2026, with earnings attributable to common shares of $1.04 billiona, or $1.58 per diluted share, a significant increase from $919 million, or $1.39 per diluted share, in the first quarter of 2025.
This growth was primarily driven by strong performance in the Sempra Infrastructure segment, which saw a $116 millionb increase in earnings. Sempra California's earnings remained relatively stable, while Sempra Texas Utilities experienced a notable increase in earnings due to higher equity earnings from Oncor Holdings. The company's balance sheet shows total assets of $113.5 billion as of March 31, 2026, with total liabilities, contingently redeemable noncontrolling interest, and equity reflecting a robust financial position.
Cash flows from operations were strong at $1.81 billionc, supporting significant investing activities, primarily in property, plant, and equipment across its segments. The company also managed its financing activities effectively, demonstrating access to capital markets.
Key strategic initiatives include the planned sale of a portion of its equity interest in SI Partners and the sale of Ecogas, expected to close in the second or third quarter of 2026. These divestitures are part of Sempra's capital recycling program and are anticipated to strengthen the company's financial flexibility.
02—Key points
Key Highlights
- Sempra reported a year-over-year increase in diluted EPS from $1.39 to $1.58 for the first quarter.
- Sempra Infrastructure was the primary driver of earnings growth, with a $116 million increase in segment earnings.
- Total assets stood at $113.5 billion as of March 31, 2026, indicating substantial asset base.
- Cash flow from operating activities was robust at $1.81 billion for the quarter.
- Capital expenditures for property, plant, and equipment totaled $3.34 billion across all segments for the quarter.
- The company continues to progress on its strategic divestitures, including SI Partners and Ecogas, expected to close in Q2/Q3 2026.
- The company maintains a strong liquidity position with $970 million in unrestricted cash and cash equivalents and $8.03 billion in available unused credit for Sempra as of March 31, 2026.
03—One dollar
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2026filed May 7, 2026Financial Statements
Q1 FY2026 against Q1 FY2025
| Line item | Q1 FY2026Q1 FY2025 | Change |
|---|---|---|
| Revenue | $3.43B$3.80B | −9.8% |
| Net Income | $1.04B$917.00M | +13.1% |
| EPS (Basic) | $1.59$1.39 | +14.4% |
| EPS (Diluted) | $1.58$1.39 | +13.7% |
| Shares Outstanding (Basic) | 653.59M651.99M | +0.2% |
| Shares Outstanding (Diluted) | 655.49M653.02M | +0.4% |
05—Questions
Frequently Asked Questions
What was Sempra's financial performance in the first quarter of 2026?
In the first quarter of 2026, Sempra reported earnings attributable to common shares of $1.04 billion, or $1.58 per diluted share, an increase from $919 million, or $1.39 per diluted share, in the same period of 2025. This growth was mainly attributed to strong performance in the Sempra Infrastructure segment and positive contributions from Sempra Texas Utilities.
What are the key strategic initiatives Sempra is pursuing?
Sempra is actively pursuing a capital recycling program, which includes the planned sale of a 45% equity interest in SI Partners and the sale of Ecogas, both expected to close in the second or third quarter of 2026. These divestitures are intended to enhance shareholder value and provide financial flexibility.
How is Sempra managing its capital expenditures and liquidity?
Sempra generated $1.81 billion in cash flow from operations in the first quarter of 2026, which, along with available credit facilities, is being used to fund significant capital expenditures, particularly in property, plant, and equipment. The company maintains a strong liquidity position, with $970 million in unrestricted cash and cash equivalents and over $8 billion in available unused credit.
06—Continue