Sempra Targets 12% EPS Growth in 2026, Fueled by $10 Billion KKR Asset Sale and Port Arthur LNG Expansion
Summary
Energy infrastructure giant Sempra reported strong adjusted earnings per share (EPS) growth in Q3 2025 and provided robust guidance for 2026, projecting a 12% increase in adjusted EPS. This growth is underpinned by a strategic $13 billion capital deployment plan for 2025–2029 and a major asset optimization move: the sale of a 45% stake in Sempra Infrastructure Partners to affiliates of KKR, expected to generate approximately $10 billion. The proceeds will efficiently fund the company's expansion, including the final investment decision (FID) on the Port Arthur LNG Phase 2 project, reinforcing Sempra's focus on becoming a leading U.S. utility growth business.
Sempra reported strong Q3 2025 results and guided for 12% adjusted EPS growth in 2026. The company is selling a 45% stake in Sempra Infrastructure to KKR for $10 billion. This capital will fund the $13 billion 2025–2029 plan and Port Arthur LNG Phase 2.
Key Takeaways
- Sempra projects 12% adjusted EPS growth for the full year 2026.
- The KKR asset sale is expected to generate $10 billion in proceeds.
- The company committed $13 billion to its 2025–2029 Capital Plan.
Sentiment: Bullish
Strategic asset monetization provides capital to fund high-growth infrastructure projects.
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