Citable filing context
SRE's research view summarizes recent SEC filing context, starting with debt_offering from Aug 18, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 18, 2026 | debt_offering | Southern California Gas Company agreed to issue $500 million of 5.500% First Mortgage Bonds due 2036. |
| Aug 6, 2026 | earnings | Sempra reported second-quarter 2026 GAAP earnings of $796 million, or $1.21 per diluted share. |
| Jul 9, 2026 | management_change | Sempra appointed Justin C. Bird as EVP and CFO, succeeding Karen L. Sedgwick. |
| Aug 6, 2026 | Guidance: adjusted_eps | 4.80 to 5.30 |
| Aug 6, 2026 | Guidance: eps | 5.10 to 5.70 |
| Aug 6, 2026 | Guidance: eps_growth_rate | 7.00 to 9.00 |
| Aug 6, 2026 | mda_quarterly | Sempra reported strong financial growth for the first half of 2026, with earnings attributable to common shares rising to $1.83 billion from $1.37 billion in the prior-year period. This performance was driven by significant earnings contributions across all three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. Sempra Texas Utilities benefited from Oncor’s comprehensive base rate review, which implemented new rates in June 2026 and allowed for a surcharge covering the first half of the year. Sempra Infrastructure’s results were bolstered by asset optimization and unrealized gains on commodity derivatives, alongside reduced depreciation following the classification of SI Partners and Ecogas as held for sale. Sempra California saw improved margins from CPUC-authorized base revenues and favorable electric transmission settlements. Liquidity remains robust, supported by cash flows from operations and access to capital markets. The company maintains investment-grade credit ratings and is finalizing the sale of a 45% interest in SI Partners to KKR, expected to close in the third quarter of 2026. Key risks include ongoing regulatory proceedings regarding wildfire cost recovery in California, potential impacts of ERCOT’s load growth plans in Texas, and construction execution risks for major LNG projects like Port Arthur LNG and ECA LNG. |
| May 7, 2026 | mda_quarterly | Sempra reported earnings of $1.04 billion for the first quarter of 2026, up from $906 million in the prior-year period. Growth was driven primarily by the Sempra Infrastructure segment, which benefited from $58 million in unrealized gains on commodity derivatives and tax benefits related to the classification of SI Partners and Ecogas as held for sale. Sempra Texas Utilities also contributed to growth, with Oncor Holdings reporting higher revenues from rate updates and customer growth. Conversely, Sempra California earnings remained relatively flat, as higher CPUC-authorized base margins were largely offset by lower income tax benefits. Liquidity remains supported by investment-grade credit ratings and access to capital markets. Sempra is executing a capital recycling program, with pending sales of a 45% interest in SI Partners to KKR and the divestiture of Ecogas expected to close in mid-2026. Key operational risks include ongoing regulatory proceedings, such as the 2024 GRC Track 3 requests for wildfire mitigation and pipeline safety costs, and potential volatility from the California Wildfire Fund. Sempra Infrastructure continues to advance major LNG projects, including the ECA LNG Phase 1 facility, which introduced gas in April 2026, and the Port Arthur LNG Phase 1 and 2 projects. |
Source: SEC EDGAR filing text and events; period Aug 18, 2026; filed Aug 18, 2026.
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