Sempra

Sempra delivered a mixed first quarter for fiscal 2026, narrowly missing Wall Street targets on both the top and bottom lines despite posting solid year-over-year earnings growth. Adjusted EPS came in at $1.51, falling just 0.29% short of the $1.51 consensus estimate, ending a four-quarter streak of beating adjusted EPS expectations. Revenue slipped 3.8% year-over-year to $3.65 billion, coming in 11.31% below the $4.12 billion consensus, with lower natural gas revenues, down to $2.02 billion from $2.36 billion a year ago, the primary drag. Partially offsetting that weakness, Sempra Infrastructure earnings jumped sharply to $262 million from $146 million, aided by higher equity earnings and favorable derivative impacts. <a href="https://247wallst.com/investing/2026/04/01/wall-street-turns-bullish-on-sempra-energy-wells-fargo-sets-115-price-target/">Wall Street's bullish lean on Sempra</a> remained intact heading into the print, and the company gave investors little reason to abandon that view, affirming its 2026 adjusted EPS guidance of $4.80 to $5.30 and its 2027 outlook of $5.10 to $5.70, underpinned by a $65 billion five-year capital plan and a projected long-term EPS growth rate of 7% to 9%.