$SRE

Sempra said its Port Arthur LNG expansion remains on schedule despite extended commissioning of export credit agency (ECA) facilities. The company reported ECA LNG Phase 1 achieved mechanical completion in Dec 2025, feed gas in Apr 2026, first LNG production in Jun 2026, and first cargo in early Aug, but the plant shut for inspections after compressor damage. Substantial completion is targeted for Q4 2026, subject to remediation.

The article describes Ramona residents and intervenor groups challenging San Diego Gas & Electric (SDG&E), owned by Sempra, in California Public Utilities Commission proceedings. SDG&E seeks an 8.6% monthly bill increase starting in 2028, citing wildfire insurance and maintenance. CPUC data cited shows SDG&E rates up 97% in a decade. Sempra reported $762 million adjusted earnings in Q2 2026.

Sempra, owner of SDG&E, reported Q2 2026 consolidated profit of nearly $800 million, up from $460 million a year earlier, covering California, Texas and infrastructure businesses. A California Public Utilities Commission report cited by CBS8 says about 1 in 5 SDG&E customers are behind on bills, with an average past-due balance near $500. SDG&E said it is addressing customer concerns via assistance and payment options.

Goldman Sachs raised its price target on Sempra to $110 from $109 and kept a Buy rating, according to the note cited in the article. The update matters for traders tracking analyst revisions and sentiment around Sempra shares.

Sempra Energy (SRE) said it expects Texas to exceed 60% of its total rate base by 2030, driven by Oncor. Oncor’s five-year base capital plan totals $47.5B plus $10B incremental opportunities through 2030, tied to ERCOT’s Batch Zero. Sempra also discussed Ecogas sale approval, ECA LNG Phase 1 damage, and leadership changes tied to the SI Partners transaction.

Sempra (SRE) is a North American energy infrastructure company with a $55.1B market cap. Its shares lagged the S&P 500 over 52 weeks and are down YTD. In Q2 2026 it reported adjusted EPS of $1.16 and revenue of $2.997B, below consensus, with long-term debt rising to $31.02B. 2026 EPS guidance is $4.80-$5.30. Analysts expect 2026 EPS of $5.12 and have a “Moderate Buy” consensus; Morgan Stanley set a $108 target.

Wells Fargo analyst Constantine Lednev reiterated a Buy on MDU and set a $25.00 price target, while J.P. Morgan upgraded MDU to Buy with a $27.00 target. For SRE, Wells Fargo’s Shahriar Pourreza reiterated Buy and set $118.00. Consensus targets cited are $24.25 for MDU and $107.25 for SRE.

Sempra (SRE) reported Q2 2026 adjusted EPS of $1.16, above the $1.06 Street estimate, while revenue fell to $2.997B versus $3.12B expected. Management kept 2026 adjusted EPS guidance at $4.80 to $5.30 and 2027 at $5.10 to $5.70. The article highlights Texas earnings growth and Oncor’s Batch Zero pipeline.

Simply Wall St reports Sempra (SRE) shares fell about 0.6% to around $83 after Q2 results. Q2 net income was $796 million, or $1.21 per share, with adjusted EPS near $1.16. Revenue was roughly flat at $2.997 billion. The article cites intact 2026-2027 adjusted EPS guidance but raises questions on Texas execution, LNG compressor issues, and leverage.

Oncor, a Sempra subsidiary, said on an earnings call that about 44 GW of large-load projects in its Texas service area qualified for ERCOT’s “Batch Zero” interconnection process, but Gov. Greg Abbott ordered a pause on new data center approvals pending a statewide audit. ERCOT put Batch Zero reviews on hold pending clarification. Oncor service requests rose to 298 GW. Sempra reported a $65B capex plan through 2030 and $560M base rate revenue approved for Oncor.