Sempra (SRE) Q4 2025 Earnings Call Transcript
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 26, 2026
AI-Generated Deep Dive Summary
Sempra (SRE) revealed a groundbreaking $65 billion capital plan for 2026-2030, marking an 17% increase from its previous plan. This ambitious strategy prioritizes utility investments, with 95% of funds allocated to regulated assets, including critical transmission projects in Texas and alignment with Oncor’s Permian-focused initiatives. The company also announced a robust adjusted EPS outlook, forecasting $6.70-$7.50 by 2030, up from its 2026 target of $4.80-$5.30 and 2027 range of $5.10-$5.70. Sempra’s confidence in this plan is bolstered by strong cash flow projections and the sale of a 45% stake in Sempra Infrastructure Partners for $10 billion, as well as the divestiture of Ecogas in Mexico for approximately $500 million.
The earnings call highlighted Sempra’s strategic shift toward becoming a predominantly regulated utility holding company. This pivot is supported by significant growth projections, including an 11% five-year CAGR in its regulated rate base, rising from $57 billion to $97 billion by 2030. Texas is expected to lead this expansion with an 18% CAGR, surpassing California and becoming the company’s majority share by 2030. Oncor’s transmission focus is a key driver of this growth, with nearly 70% of its planned capital expenditures directed toward transmission projects. These efforts aim to address the urgent need for grid resilience
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Originally published on The Motley Fool on 2/26/2026