Business
Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business
Sempra (NYSE: SRE) today announced several strategic actions that advance Sempra's corporate strategy. The company is executing on five value creation initiatives designed to simplify Sempra's business model, improve financial performance and reduce risk. The company expects these initiatives to strengthen its ability to deliver improved earnings growth while driving enhanced benefits for customers and communities across its service territories.
About this update from Dba Sempra
[{"type":"list","items":[{"val":[{"type":"text","content":"Agreement to Sell 45% of Sempra Infrastructure Partners for $10 billion in cash","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Accretive Transaction Improves Sempra's Financial Strength","length":62,"tagName":"p"}]},{"val":[{"type":"text","content":"Efficiently Funds 2025–2029 Capital Plan without Equity Issuances","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Reached Final Investment Decision for Port Arthur LNG Phase 2","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Hosting Conference Call at 11 a.m. EST","length":38,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":305,"olType":false},{"type":"text","content":"SAN DIEGO, Sept. 23, 2025 /PRNewswire/ -- Sempra (NYSE: SRE) today announced several strategic actions that advance Sempra's corporate strategy. The company is executing on five value creation initiatives designed to simplify Sempra's business model, improve financial performance and reduce risk. The company expects these initiatives to strengthen its ability to deliver improved earnings growth while driving enhanced benefits for customers and communities across its service territories.","length":499,"tagName":"p"},{"type":"text","content":""The transactions announced today further Sempra's corporate strategy by advancing the company's capital recycling program and transition to a leading U.S. utility growth business," said Jeffrey W. Martin, chairman and CEO of Sempra.","length":251,"tagName":"p"},{"type":"text","content":"Sale of Equity Stake in Sempra Infrastructure Partners Sempra announced that it has agreed to sell a 45% equity interest in Sempra Infrastructure Partners, one of North America's leading energy infrastructure platforms, to affiliates of KKR, a leading global investment firm, with Canada Pension Plan Investment Board (CPP Investments).","length":351,"tagName":"p"},{"type":"text","content":"Subject to adjustments, the transaction proceeds of $10 billion implies an equity value of $22.2 billion and an enterprise value of $31.7 billion for Sempra Infrastructure Partners.","length":181,"tagName":"p"},{"type":"text","content":"Before adjustments, Sempra is expected to receive 47% of the cash at close, 41% by year-end 2027 and the balance approximately seven years after c...