Sempra SRE is slated to report third-quarter 2026 results on Nov. 5, 2026, before market open. The company delivered an earnings surprise of 14.85% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play Ahead of SRE’s Q3 Results
Sempra’s third-quarter earnings are likely to have benefited from continued rate-base growth across its regulated utility operations. The full-quarter contribution from Oncor’s recently approved base rate review, along with higher invested capital, customer growth and benefits from the UTM mechanism, is expected to have supported regulated earnings.
The company’s continued investments in grid modernization, transmission expansion and system reliability projects are also likely to have supported quarterly performance. Oncor’s $47.5 billion five-year capital plan and $10 billion of incremental investment opportunities, including recently endorsed transmission upgrades across North and Central Texas, are expected to have strengthened growth prospects. Sustained electricity demand growth across Texas, supported by expanding commercial and industrial activity, is also likely to contribute positively to results.
However, progress at the ECA LNG Phase 1 project is likely to have remained a near-term headwind for Sempra’s third-quarter performance. Following the export of its first LNG cargo in July, equipment damage associated with the mixed refrigerant compressors led to additional maintenance and remediation work. The project is now expected to reach substantial completion in the fourth quarter of 2026, with sales under long-term agreements commencing shortly thereafter, potentially delaying its expected contribution to earnings.
Sempra Price and EPS Surprise
Sempra price-eps-surprise | Sempra Quote
Estimates for SRE
The Zacks Consensus Estimate for earnings is pegged at $1.18 per share, indicating a year-over-year increase of 6.3%.
The consensus estimate for revenues is pegged at $3.35 billion, indicating a year-over-year improvement of 6.2%.
What the Zacks Model Unveils for SRE
Our proven model predicts an earnings beat for SRE this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Earnings ESP: SRE has an Earnings ESP of +2.25%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: SRE currently carries a Zacks Rank of 3.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Investors may consider the following players from the same industry, as these also have the right combination of elements to post an earnings beat this reporting cycle.
Duke Energy DUK is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +1.07% and a Zacks Rank of 3 at present.
DUK’s long-term (three to five years) earnings growth rate is 6.4%. The Zacks Consensus Estimate for earnings is pegged at $1.87 per share, which suggests a year-over-year rise of 3.3%.
Evergy EVRG is slated to report its third-quarter 2026 results on Nov. 5, before market open. It has an Earnings ESP of +2.90% and a Zacks Rank of 2 at present.
EVRG’s long-term earnings growth rate is 9.1%. The Zacks Consensus Estimate for earnings stands at $2.30 per share, which suggests year-over-year growth of 13.3%.
PPL PPL is scheduled to report its third-quarter 2026 results on Nov. 6, before market open. It has an Earnings ESP of +0.38% and a Zacks Rank of 2 at present.
PPL’s long-term earnings growth rate is 5.3%. The Zacks Consensus Estimate for earnings stands at 53 cents per share, which implies a year-over-year increase of 10.4%.
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This article originally published on Zacks Investment Research (zacks.com).
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
