Sempra Shares Tumble as Q2 Earnings Miss GAAP Expectations and Volume Ranks 332nd Amid Regulatory Uncertainties and Strategic Capital Reallocations

Sempra Energy (SRE) reported Q2 2025 adjusted EPS of $0.89, aligning with prior results and reaffirming full-year guidance of $4.30-$4.70 and 2026 guidance of $4.80-$5.30. The company advanced major projects including ECA LNG Phase 1, Cimarron Wind, and Port Arthur LNG Phase 1, with $13 billion in 2025 capital spending targeting U.S. utilities. Oncor’s $36 billion five-year capital plan and legislative support in Texas, including HB 5247, are expected to boost ROE by 50-100 basis points. Sempra Infrastructure’s revenue rose $26 million due to contract adjustments and higher power volumes. However, GAAP earnings declined to $0.71/share from $1.12/share in Q2 2024, reflecting operational challenges.

On August 8, 2025, Sempra’s shares fell 1.07% to $82.59, with a trading volume of $0.3 billion, down 39.94% from the previous day. The stock ranked 332nd in volume. Despite reaffirmed guidance, the decline followed mixed results, including lower GAAP earnings and ongoing regulatory uncertainties in California. The company highlighted progress in cost-cutting initiatives and customer affordability measures, but delays in Oncor’s rate case and Texas capital plan execution remain risks. Strategic equity sales at Sempra Infrastructure, including a nonbinding LOI with KKR for a 15-30% stake, aim to optimize capital structure and support Texas growth.

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