Sempra(US:SRE)2024-08-06 19:26Financial Performance - Sempra reported Q2-2024 adjusted EPS of $0.89 and YTD-2024 adjusted EPS of $2.24[8] - The company is affirming FY-2024 adjusted EPS guidance range of $4.60 – $4.90[8] - Sempra is also affirming FY-2025 EPS guidance range of $4.90 – $5.25[8] - The company is maintaining a projected long-term EPS growth rate of 6% – 8%[8] Business Updates - Sempra Texas (Oncor) - Oncor built, re-built, or upgraded 1,050 miles of T+D lines in Q2-2024[10] - Oncor increased premise count by 20,000 and expects a 2% long-term premise growth rate[10] - Oncor achieved a 13% year-over-year increase in active transmission point of interconnection requests[10] - Oncor's current $24 billion capital plan underpins an 11% projected rate base CAGR, growing to $39 billion in 2028[12] Business Updates - Sempra Infrastructure - ECA LNG Phase 1 is 85% complete, with COD expected in spring 2026[14] - Topolobampo Terminal commissioning was completed, and commercial operations commenced in June 2024[14] - Port Arthur LNG Phase 2 has significant commercial progress with 50% of offtake under HOAs with Aramco and INEOS and 25% of project equity under HOA with Aramco[16]