Sempra (SRE) Q2 FY25 earnings call

Sempra delivered solid Q2 FY25 adjusted earnings, affirming its full-year guidance, driven by strong performance in its U.S. utilities and significant progress on infrastructure projects. The company is actively pursuing capital recycling initiatives, including a non-binding LOI with KKR for a Sempra Infrastructure equity sale, aiming to enhance its utility-focused business model and credit profile. Regulatory advancements in Texas, particularly the UTM and Oncor's rate case, are expected to improve earned ROE and support substantial capital investment opportunities, while California utilities