Sempra Energy is expected to report Q2 2026 revenue of $3.14 billion and adjusted EPS of $1.01, while the stock currently trades at $88.55, roughly 18% below the average analyst price target of $104.81.
The primary focus for investors is the status of the ECA LNG Phase 1 project in Mexico, which recently saw its substantial completion timeline delayed to the fourth quarter of 2026 due to refrigerant compressor damage.
While management has affirmed its 2026-2027 earnings guidance, analysts are closely monitoring potential cost overruns and the impact on long-term sale and purchase agreements. Additionally, the market is looking for the first full-quarter financial benefits from the recently approved rate review settlement at Oncor, Sempra's Texas utility business.