Sempra Q1 Profit Jumps 15% as Company Raises Full-Year Guidance

Key Facts

Sempra reported a robust 15% increase in first-quarter earnings to $1.04 billion, driven by strategic infrastructure investments and a raised full-year guidance. The company affirmed its long-term EPS growth target of 7-9% while executing a massive $65 billion capital expenditure plan. Financial outlooks have been further strengthened by the approval of the Oncor rate case and the UTM filing, which effectively reduced regulatory lag. Operationally, the ECA LNG project is slated to begin production in June with a capacity of 3.25 million metric tons per year. Sempra remains focused on upgrading the Oncor grid in Texas to meet surging data center demand while optimizing its capital structure through the sale of a stake in Sempra Infrastructure. These milestones underscore the company's commitment to long-term shareholder returns and infrastructure modernization.

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