Sempra affirmed its 2026 adjusted earnings per share guidance of $4.80 to $5.30 per share this week [1].
The confirmation provides stability for investors as the company pursues a strategic closing with SI Partners and executes large-scale capital deployments. Maintaining these targets suggests the company believes its current growth trajectory is sustainable despite broader market volatility.
Chairman, President and CEO Jeffery said the company started 2026 on a positive note by deploying $3 billion of investment capital in the first quarter [2]. This spending is intended to keep the company on track to meet its annual targets [3].
In addition to the capital deployment, Sempra is targeting a close with SI Partners during the second or third quarter of 2026 [1]. The company reported GAAP earnings for the first quarter of $1.58 per diluted share [4].
"2026 has started on a positive note with Sempra deploying $3 billion of investment capital in the first quarter, which keeps us on track to meet our annual target," Jeffery said [3].
The company's focus remains on balancing these immediate investments with long-term earnings goals. By affirming the adjusted EPS range of $4.80 to $5.30 [1], Sempra signals confidence in its operational efficiency, and the potential synergies from the pending SI Partners transaction.
“Sempra affirmed its 2026 adjusted earnings per share guidance of $4.80 to $5.30 per share”
Sempra's decision to maintain its financial guidance while aggressively deploying capital indicates a strategy of growth through expansion. The timing of the SI Partners close in mid-to-late 2026 will be a critical milestone in determining if the company can hit the upper end of its EPS targets.
