Sempra targets over 60% of its 2030 rate base in Texas as part of long-term earnings growth strategy.
Sempra (SRE) outlined a 7%-9% long-term adjusted EPS growth target during its Q2 2026 earnings call, citing strong execution and double-digit year-to-date gains. The company highlighted operational performance as a key driver of financial results.
Management emphasized Texas as a strategic focus, aiming for the state to represent over 60% of its 2030 rate base. This aligns with Sempra’s broader growth strategy, though no prior consensus or comparable period guidance was provided for comparison.
No immediate market reaction was detailed in the source.