SRE

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Media Contact:Patrick Reynolds

Sempra

(877) 340-8875

media@sempra.com

Financial Contact:Eric Llamas

Sempra

(877) 736-7727

investor@sempra.com

Sempra Reports Strong Second-Quarter

2026 Results

SAN DIEGO, Aug. 6, 2026 — Sempra (NYSE: SRE) today reported second-quarter 2026 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $796 million or $1.21 per diluted share, compared to second-quarter 2025 GAAP earnings of $461 million or $0.71 per diluted share. On an adjusted basis, second-quarter 2026 earnings were $762 million or $1.16 per diluted share, compared to $583 million or $0.89 per diluted share in 2025.

“Across our management team, there is a consistent emphasis on execution, and our progress through the first half of the year is reflected in strong financial performance,” said Jeffrey W. Martin, chairman and CEO of Sempra. “I could not be more proud of our employees and their commitment to innovation and continuous improvement, as we look to find new and better ways to serve customers.”

The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for second-quarter 2026 and 2025.

(Dollars and shares in millions, except EPS)Three months ended June 30,Six months ended June 30,

2026202520262025

GAAP Earnings$796 $461 $1,833 $1,367

Impact from regulatory disallowances— 25 — 25

Impact from foreign currency and inflation on monetary positions in Mexico and associated undesignated derivatives71 97 52 89

Net unrealized (gains) losses on derivatives(82)(25)(85)10

Net unrealized (gains) losses on interest rate swaps related to Port Arthur LNG Phase 1 project(3)(1)8 8

Tax items related to assets held for sale(20)26 (55)26

Adjusted Earnings(1) $762 $583 $1,753 $1,525

Diluted Weighted-Average Common Shares Outstanding656 653 656 653

GAAP EPS$1.21 $0.71 $2.80 $2.09

Adjusted EPS(1) $1.16 $0.89 $2.67 $2.34

(1) See Table A for information regarding non-GAAP financial measures.

Advancing Value Creation Initiatives

During the second quarter, Sempra continued executing on a series of value creation initiatives to further its mission of building America’s leading utility growth business. Taken together, these initiatives are designed to simplify the company’s strategy, strengthen its financial position and support long-term utility growth.

In the first half of 2026, Sempra's businesses invested capital expenditures of over $6 billion to support safe, reliable and affordable energy for the communities we serve. These investments are part of Sempra’s record five-year 2026-2030 capital plan of approximately $65 billion, with 95% allocated to investments at our Texas and California utilities.

Sempra Texas

Sempra continues to see strong growth opportunities in Texas through its investment in Oncor Electric Delivery Company LLC (Oncor). During the quarter, Oncor’s new base rates became effective June 1. In addition, Oncor filed the surcharge that was approved through its recent base rate review. The surcharge, which took effect August 1, recovers the difference between the new base rates and the rates in effect from January 1 to June 1, 2026. The updated base rates better align Oncor's cost structure with today's operating environment, strengthen its financial profile and support continued infrastructure investments to meet Texas' growing energy needs.

Texas continues to experience unprecedented growth in electric demand as evidenced by Electric Reliability Council of Texas’ (ERCOT) new all-time peak load of 91 gigawatts (GW) set in July. Continued growth in demand is leading to a series of new opportunities to invest in the electric grid.

Earlier this year, ERCOT endorsed a series of high-voltage transmission projects expected to require more than $7 billion of incremental investment, supporting approximately 16 GW of new electric demand with anticipated in-service dates between 2026 and 2034. Oncor expects to construct the majority of those projects, which are subject to regulatory approval.

Also, the Public Utility Commission of Texas recently approved ERCOT’s Batch Zero process, establishing a standardized framework intended to streamline large-load interconnections and support growing demand across the electric grid. While the timeline of the Batch Zero process remains to be determined, approximately 44 GW of large-load requests in Oncor's service territory are expected to be eligible as base or studied load, consisting of approximately 27 GW of base load and 17 GW of studied load. The referenced 44 GW also includes 8 GW of existing interconnected large load that is ramping up to its authorized capacity. The projects reflect significant customer commitment through financial security, site control and other ERCOT qualification requirements, reinforcing the su

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Media Contact:Patrick Reynolds

Sempra

(877) 340-8875

media@sempra.com

Financial Contact:Jenell McKay

Sempra

(877) 736-7727

investor@sempra.com

Sempra Reports First-Quarter

2026 Results

SAN DIEGO, May 7, 2026 — Sempra (NYSE: SRE) today reported first-quarter 2026 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.04 billion or $1.58 per diluted share, compared to first-quarter 2025 GAAP earnings of $906 million or $1.39 per diluted share. On an adjusted basis, first-quarter 2026 earnings were $991 million or $1.51 per diluted share, compared to $942 million or $1.44 per diluted share in 2025.

“At Sempra, our first quarter results represent a great start to the year,” said Jeffrey W. Martin, chairman and CEO of Sempra. “We remain focused on executing our strategy to modernize and extend the reach of our utilities and complete our capital recycling initiatives as we continue to the grow the business.”

The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for first-quarter 2026 and 2025.

(Dollars and shares in millions, except EPS)Three months ended March 31,

20262025

GAAP Earnings$1,037 $906

Impact from foreign currency and inflation on monetary positions in Mexico and associated undesignated derivatives(19)(8)

Net unrealized (gains) losses on derivatives(3)35

Net unrealized losses on interest rate swaps related to Port Arthur LNG Phase 1 project11 9

Tax items related to assets held for sale(35)—

Adjusted Earnings(1) $991 $942

Diluted Weighted-Average Common Shares Outstanding655 653

GAAP EPS$1.58 $1.39

Adjusted EPS(1) $1.51 $1.44

(1) See Table A for information regarding non-GAAP financial measures.

Advancing Value Creation Initiatives

During the first quarter of 2026, Sempra continued executing its 2026 value creation initiatives.

In the first quarter of 2026, Sempra’s businesses invested capital expenditures of approximately ~$3 billion to support safe, reliable and affordable energy for the communities we serve. These investments are part of Sempra’s record five-year 2026-2030 capital plan of approximately $65 billion, with 95% allocated to utility investments in Texas and California.

Sempra Texas

In April, the Public Utility Commission of Texas (PUCT) issued an order adopting Oncor Electric Delivery Company LLC’s (Oncor) base rate settlement, providing for an annual revenue requirement of approximately $6.97 billion. Moreover, the order provides for a revised regulatory capital structure ratio of 56.5% debt to 43.5% equity, authorized return on equity of 9.75% and authorized cost of debt of 4.94%.

In addition, Oncor is permitted to surcharge the difference between the new billing rates and Oncor’s current rates dating back to January 1, 2026. Given the timing of approval, Oncor will begin recognizing accounting impacts of the base rate order in the second quarter. The updated rates are expected to better align Oncor’s current cost structure with today’s operating environment and are expected to improve Oncor’s financial strength, help enable investments in Oncor’s transmission and distribution system and support Texas’ growing energy needs for years to come.

Sempra California

In California, Sempra’s utilities remained focused on safety, reliability and affordability, including enhancing their respective portfolios to reduce energy costs. For instance, during January's Winter Storm Fern, an analysis from Southern California Gas Company (SoCalGas) demonstrates that its four underground natural gas storage fields helped SoCalGas and San Diego Gas & Electric (SDGE) customers avoid higher potential energy costs, highlighting the value of the region’s natural gas storage capacity as a strategic tool in the state’s efforts to address affordability.

SDGE also filed an uncontested offer of settlement in its Federal Energy Regulatory Commission (FERC) electric transmission owner formula rate proceeding, known as TO6, reflecting a 10.28% return on equity, among other items. A final decision on the matter is expected in the second half of this year.

Transaction Update

The transactions previously announced at Sempra Infrastructure Partners (SI Partners) and Ecogas México, S. de R.L. de C.V. (Ecogas) are expected to close in the second or third quarter of 2026, subject to required approvals and customary closing conditions. In the SI Partners’ transaction, regulatory approvals have been received from FERC and Hart-Scott-Rodino, as well as antitrust approvals in Mexico and Korea.

Earnings Guidance

Sempra is updating its full-year 2026 GAAP earnings-per-common share (EPS) guidance range to $4.87 to $5.37, reflecting actual results through the first quarter, affirming its full-year 2026 adjusted EPS guidance range of $4.80 to $5.30 and affi

EX-99.1

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EX-99.1

Document

Exhibit 99.1

NEWS RELEASE

Media Contact:Patrick Reynolds

Sempra

(877) 340-8875

media@sempra.com

Financial Contact:Jenell McKay

Sempra

(877) 736-7727

investor@sempra.com

Sempra Reports 2025 Financial

and Business Results

•Posts Strong 2025 Financial Results

•Announces 2026 Value Creation Initiatives

•Raises Five-Year Capital Plan to $65B

•Issues Robust 2030 EPS Outlook

SAN DIEGO, Feb. 26, 2026 — Sempra (NYSE: SRE) today reported full-year 2025 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.80 billion or $2.75 per diluted share, compared to full-year 2024 GAAP earnings of $2.82 billion or $4.42 per diluted share. On an adjusted basis, the company's full-year 2025 earnings were $3.07 billion or $4.69 per diluted share, compared to $2.97 billion or $4.65 per diluted share in 2024.

“In addition to posting strong financial results, we took important steps in 2025 to simplify our business, improve capital efficiency and strengthen our balance sheet,” said Jeffrey W. Martin, chairman and CEO of Sempra. “Taken together, these considerations support an improved outlook for future earnings growth through the end of the decade.”

The company also reported fourth-quarter 2025 GAAP earnings of $352 million or $0.54 per diluted share, compared to fourth-quarter 2024 GAAP earnings of $665 million or $1.04 per diluted share. On an adjusted basis, the company's fourth-quarter 2025 earnings were $841 million or $1.28 per diluted share, compared to $960 million or $1.50 per diluted share in fourth-quarter 2024.

The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP earnings, reconciled to adjusted earnings, for the fourth quarter and full-year 2025 and 2024.

(Dollars and shares in millions, except EPS)Three months ended December 31,Years ended December 31,

2025202420252024

GAAP Earnings$352 $665 $1,796 $2,817

Impact from regulatory disallowances432 104 457 104

Impact of Track 2 FD for the first nine months of 202528 — — —

Retroactive impact of 2024 GRC FD for the first nine months of 2024— (22)— —

Impact from foreign currency and inflation on monetary positions in Mexico59 (84)180 (262)

Net unrealized losses on derivatives7 13 43 26

Net unrealized gains on interest rate swaps related to Port Arthur LNG Phase 1 project(9)(30)— (30)

Tax items related to assets held for sale(28)— 512 —

Impact from foreign tax credit valuation allowance related to TCJA— 330 78 330

Earnings from investment in RBS Sempra Commodities LLP— (16)— (16)

Adjusted Earnings(1) $841 $960 $3,066 $2,969

Diluted Weighted-Average Common Shares Outstanding655 641 654 638

GAAP EPS$0.54 $1.04 $2.75 $4.42

Adjusted EPS(1) $1.28 $1.50 $4.69 $4.65

(1) See Table A for information regarding non-GAAP financial measures.

2025 Accomplishments

In 2025, Sempra announced an enterprise-wide campaign centered on five strategic initiatives intended to create long-term value for shareholders by simplifying its business model, concentrating investments in its utilities, modernizing operations and enhancing safety and service quality for customers.

Sempra successfully invested approximately $13 billion to modernize energy infrastructure, allocated primarily to its Texas and California utilities. Sempra Texas is also benefiting from improving financial returns, driven by greater capital efficiency at Oncor Electric Delivery Company LLC (Oncor), following implementation of the new Unified Tracker Mechanism in 2025.

To unlock value in its liquified natural gas (LNG) franchise, Sempra entered into a strategic transaction to sell a 45% equity stake in Sempra Infrastructure Partners (SI Partners) to KKR affiliates for $10 billion. As part of Sempra’s broader capital-recycling program, SI Partners entered into a definitive agreement in Q4 2025 to sell Ecogas México, S. de R.L. de C.V. (Ecogas), the fifth largest distribution network in Mexico, for approximately $500 million U.S. dollar-equivalent, resulting in a strong valuation. Both transactions are expected to close Q2 to Q3 of 2026 and are subject to price adjustments, approvals and closing conditions.

Sempra also advanced community safety and operational excellence in 2025, including supporting regulatory improvements such as California Senate Bill 254, which strengthened the long-term stability of the state's wildfire fund and improved liquidity for claims. Also, San Diego Gas & Electric earned the ReliabilityOne® Award for Outstanding Reliability Performance in the Western Region for the 20th consecutive year, highlighting the company’s commitment to operational excellence, system modernization and grid hardening.

2026 to 2030 Plan

Building on the strong foundation set in 2025, Sempra is now advancing a set of complementary initiatives in 2026 to support earnings growth and drive enhanced benefits for customers a