Sempra (SRE) Q1 FY26 earnings call

Sempra delivered solid first-quarter results, driven by significant regulatory approvals for Oncor and SDG&E that enhance financial returns and reduce lag. The company affirmed its full-year and long-term EPS guidance, supported by a robust capital plan and strategic simplification efforts. Management is focused on executing its capital recycling program and reinvesting in its U.S. utility businesses, particularly in Texas, while addressing California's wildfire liability framework.