SEMPRA: management transactions · United States · SEC (Form 4)

About SEMPRA

Sempra is a United States-based energy infrastructure and utility holding company listed on the NYSE under the ticker SRE, with headquarters in San Diego, California. For investors, it is best understood as a regulated utility platform with additional strategic exposure to North American energy infrastructure and liquefied natural gas (LNG). The company says it serves approximately 40 million consumers through a workforce of roughly 20,000 employees, underscoring the scale of its utility footprint. ([sempra.com](https://www.sempra.com/about?utm_source=openai)) Sempra’s roots are tied to the consolidation and development of utility and energy infrastructure assets in California and Texas. Over time, the company has shifted from a broader utility footprint toward a more focused growth model built around regulated networks, grid modernization, and capital-efficient infrastructure investment. Its 2024 annual report describes the business by reportable segments, reflecting a diversified structure that includes electric transmission and distribution, natural gas distribution, and energy infrastructure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/92108/000009210825000005/sempra2024annualreport.pdf?utm_source=openai)) The company’s major operating platforms include San Diego Gas & Electric, Southern California Gas, Oncor in Texas, and Sempra Infrastructure, which houses LNG-related and other energy infrastructure activities. This mix gives Sempra a defensive earnings profile through regulated utilities while also providing growth optionality from large-scale network expansion and LNG projects. Management describes the corporate mission as building America’s leading utility growth business, with an emphasis on safety, reliability, affordability, and infrastructure resilience. ([sempra.com](https://www.sempra.com/about?utm_source=openai)) From a competitive standpoint, Sempra is one of the more important U.S. utility and energy infrastructure players, particularly because of its strong positions in California and Texas, two markets with long-duration investment needs driven by electrification, population growth, system hardening, and rising power demand. At year-end 2025, the company said it had nearly $110 billion of total assets and laid out a record $65 billion capital plan for 2026-2030, with more than 95% of planned capital spending directed toward regulated utility investment in Texas and California. ([sempra.com](https://www.sempra.com/about?utm_source=openai)) Recent developments are important for the investment case. On February 26, 2026, Sempra reported full-year 2025 results, raised its multi-year capital plan, and outlined a series of value-creation initiatives. Those included a strategic sale of a 45% stake in Sempra Infrastructure Partners to KKR affiliates and the planned sale of Ecogas in Mexico as part of a broader capital-recycling strategy. The company also reaffirmed its growth outlook and dividend trajectory, signaling continued focus on regulated earnings expansion and balance-sheet strength. Overall, SRE remains a core U.S. utility/infrastructure name with a balance of income characteristics, regulated growth, and LNG optionality. ([sempra.com](https://www.sempra.com/newsroom/press-releases/sempra-reports-2025-financial-and-business-results?utm_source=openai))