Overview

* Sempra ( SRE ) Q3 revenue beats estimates, reaching $3.15 bln

* Adjusted EPS for Q3 beats consensus at $1.11

* Company reports Q3 adjusted net income of $728 mln, surpassing expectations

* Sempra ( SRE ) announces 45% equity sale in Sempra Infrastructure Partners

Outlook

* Sempra ( SRE ) updates 2025 GAAP EPS guidance to $3.05-$3.45

* Company affirms 2025 adjusted EPS guidance of $4.30-$4.70

* Oncor expects 30%+ increase in 2026-2030 capital plan

Result Drivers

* EQUITY SALE - Sempra ( SRE ) announced a strategic transaction to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR, supporting value creation initiatives and capital funding

* ONCOR INVESTMENTS - Oncor is advancing critical transmission and distribution infrastructure projects in Texas, expecting a 30%+ increase in its capital plan, driven by population and business growth

* LNG EXPANSION - Sempra Infrastructure reached a final investment decision to advance Port Arthur LNG Phase 2, part of six major projects enhancing LNG operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.15 $2.91

Revenue bln bln (6

Analysts

)

Q3 Beat $1.11 $0.91

Adjusted (11

EPS Analysts

)

Q3 EPS $0.12

Q3 Beat $728 mln $608.43

Adjusted mln (4

Net Analysts

Income )

Q3 Net $77 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline utilities peer group is "buy"

* Wall Street's median 12-month price target for Sempra ( SRE ) is $99.00, about 6.6% above its November 4 closing price of $92.48

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)