SEMPRA ENERGY: directors' dealings · United States · SEC (Form 4)

About SEMPRA ENERGY

Sempra Energy (NYSE: SRE) is a U.S.-based energy infrastructure holding company headquartered in San Diego, California, United States. The company was formed in 1998 through the merger of Pacific Enterprises and Enova Corporation, the parent companies of Southern California Gas and San Diego Gas & Electric. What began as a California utility combination has evolved into a broader North American energy platform with a large regulated-asset base and long-duration infrastructure exposure. Sempra says it serves nearly 40 million consumers and employs roughly 20,000 people, which underscores the scale and utility-like resilience of the franchise. ([sempra.com](https://www.sempra.com/innovation/history-innovation?utm_source=openai)) Sempra’s business model is built around two complementary engines. The first is regulated utility operations in California and Texas, anchored by San Diego Gas & Electric, Southern California Gas, Sempra Texas, and its ownership stake in Oncor. These businesses provide electricity and natural-gas transmission and distribution services under regulatory frameworks that support capital recovery and relatively predictable cash flow generation. The second engine is Sempra Infrastructure, which includes LNG-related development, energy transport assets, and selected Mexico-focused infrastructure activities. This combination gives Sempra a mix of utility stability and infrastructure-growth optionality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1032208/000103220825000017/sempra2024annualreport.pdf?utm_source=openai)) From a competitive standpoint, Sempra ranks among the most important energy-network owners in North America. Its strategic strengths are the size and quality of its regulated utility platform, exposure to two of the largest U.S. economies, and a portfolio that benefits from electrification, grid modernization, and gas-system investment needs. Management has recently emphasized simplification, capital recycling, and a stronger tilt toward regulated businesses. In its latest communications, Sempra highlighted a record five-year capital plan of about $65 billion, with more than 95% of planned capex directed toward regulated utility investments in Texas and California. ([sempra.com](https://www.sempra.com/newsroom/press-releases/sempra-reports-2025-financial-and-business-results?utm_source=openai)) Sempra does not sell consumer products in the traditional sense; instead, it provides essential services such as gas delivery, electric distribution, infrastructure development, and LNG-related energy solutions. Recent milestones include the release of full-year 2025 results in February 2026, new 2026 value-creation initiatives, and capital-recycling transactions including the planned sale of a 45% stake in Sempra Infrastructure Partners to KKR affiliates and the planned sale of Ecogas in Mexico. Taken together, these developments point to a company actively reshaping its portfolio toward more regulated, lower-risk growth while retaining exposure to long-term energy infrastructure demand. ([sempra.com](https://www.sempra.com/newsroom/press-releases/sempra-reports-2025-financial-and-business-results?utm_source=openai))