Sempra Q2 GAAP earnings rise to $796 million
Sempra (SRE) reported Q2 2026 GAAP earnings attributable to common shares of $796 million, or $1.21 per diluted share, up from $461 million, or $0.71, a year earlier. Revenues were $2.997 billion. It raised full-year 2026 GAAP EPS guidance to $5.02-$5.55 and affirmed adjusted EPS of $4.80-$5.30. Capex was $2.226 billion; a 45% sale to KKR affiliates is expected to close in Q3 2026.
How this was made
The 30-second read
Why it matters
The immediate trading driver is the updated FY 2026 GAAP EPS guidance range alongside the Q2 GAAP earnings print. Secondary drivers include the scale of capex and the expected timing of the KKR-related stake sale, which can affect capital allocation expectations.
Market read
Q2 GAAP earnings and an updated FY 2026 GAAP EPS range provide a concrete basis for repricing and positioning ahead of subsequent quarters and the anticipated Q3 2026 transaction close.
What to watch
The article highlights large capex ($65B plan, $6B+ in first half) and the KKR stake sale timing; traders may need to monitor financing, regulatory approvals, and execution risk around the Q3 closing.
Background
Quiver FilingTracker reports Sempra’s Q2 2026 GAAP results, FY 2026 GAAP EPS guidance update, and reiterates the planned sale of a 45% equity interest in Sempra Infrastructure Partners to KKR affiliates expected to close in Q3 2026.
Ticker impact
Sempra reported Q2 2026 GAAP earnings of $796 million and updated full-year 2026 GAAP EPS guidance to $5.02 to $5.55.
Likely positive bias for the stock into the next session, with volatility around guidance interpretation and the Q3 2026 closing expectation.
The article discloses specific GAAP EPS and revenue figures plus a revised GAAP EPS range, which are direct valuation inputs; it also reiterates the planned 45% stake sale expected to close in Q3 2026, a potential catalyst.
Market effects
Utility and regulated-infrastructure peers may see read-across on earnings power and capex intensity, but the article is company-specific.
Limited direct regional spillover beyond investor sentiment toward US utilities and infrastructure operators.
Low global relevance; the disclosed catalysts are primarily US-focused earnings and infrastructure financing.
Counterpoint
GAAP revenue is roughly flat year over year, so the stock reaction may fade if investors focus on underlying cash flow, rate-base growth, or adjusted earnings versus GAAP.
Key entities
- companySempra
US utility and infrastructure company reporting Q2 2026 GAAP earnings and updating FY 2026 GAAP EPS guidance.
- counterpartyKKR affiliates
Counterparties in the planned sale of a 45% equity interest in Sempra Infrastructure Partners, expected to close in Q3 2026.
