Sempra Energy

What Sempra Energy does

Sempra Energy (NYSE: SRE) is a publicly traded utility holding company founded in 1998 and headquartered in San Diego, California. The company operates regulated electric and natural gas utilities serving approximately 40 million consumers across California and Texas through three core subsidiaries: San Diego Gas & Electric (SDG&E), Southern California Gas Company (SoCalGas), and Oncor Electric Delivery Company (80.25% owned). SoCalGas is the largest gas distribution utility in the United States, serving 21+ million consumers across 24,000 square miles of Central and Southern California, while Oncor operates the largest transmission and distribution system in Texas across 145,000+ circuit miles serving 4.1+ million homes and businesses. Sempra also retains a 25% interest in Sempra Infrastructure Partners following the 2026 sale of a 45% stake to a KKR-led consortium for approximately $10 billion; Sempra Infrastructure develops LNG export infrastructure including ECA LNG Phase 1 in Ensenada, Mexico and Port Arthur LNG in Texas.

The company's business model is anchored in rate-regulated utility operations governed by the California Public Utilities Commission (CPUC) and the Public Utility Commission of Texas (PUCT), with revenue derived primarily from approved returns on capital investments in rate base. Approximately 95% of Sempra's target earnings by 2030 will come from regulated utilities, with the remaining revenue from LNG infrastructure operations under long-term take-or-pay contracts with global energy buyers. Proprietary technology assets include the Edge Alert Sentinel (EAS) AI-powered wildfire detection system developed with Qualcomm Technologies and UC San Diego's Scripps Institution of Oceanography using edge AI computing and the Qualcomm Dragonwing IQ9 processor for real-time environmental monitoring, as well as the 72-mile Port Arthur Pipeline Louisiana Connector transporting 2 billion cubic feet per day of natural gas and the 3.25 MTPA ECA LNG Phase 1 liquefaction facility on Mexico's Pacific Coast.

Sempra's $65 billion five-year capital plan (2026-2030) targets 11% annual rate base growth to reach $97 billion by 2030, with new Texas transmission projects expected to support approximately 16 gigawatts of new electric demand. The company has approximately 20,000 employees, reported Q1 2026 revenue of $3.66 billion, and 2025 GAAP earnings of $1.80 billion ($2.75 per diluted share). The 2026 capital recycling transaction and multiple 2026 product launches (ECA LNG Phase 1 commissioning, Port Arthur Pipeline Louisiana Connector in-service, Edge Alert Sentinel deployment, ERCOT-endorsed Texas transmission expansion) collectively represent a strategic pivot toward scaled regulated utility operations funded by infrastructure monetization.

Name

Sempra Energy

Legal name

Sempra Energy

Website

https://sempra.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sempra Energy (NYSE: SRE) is a publicly traded utility holding company operating regulated electric and natural gas utilities through SDG&E, SoCalGas, and Oncor, serving approximately 40 million consumers across California and Texas, with a partial ownership interest in LNG export infrastructure.

Ownership category

akta.pro rank

Product category

Regulated Electric and Gas Utilities

NAICS

Natural Gas Distribution (2212), Electric Power Generation, Transmission and Distribution (2211), Electric Bulk Power Transmission and Control (221121), Natural Gas Distribution (221210)

SIC

Natural Gas Transmisison & Distribution (4923), Electric Services (4911)

akta.pro primary industry

SCADA/Telemetry & Communications for Network Assets (EUAJABAH)

akta.pro secondary industries

Telecom, SCADA & OPGW/Fiber Integration for T&D Projects (EUAEABAG), SCADA / Telemetry Systems (RTUs, PLCs, Communications) (EUAJAFAA), Workforce Dispatch Integration (OMS/WMS/Field Crew Coordination) (EUAJAFAI)

Keywords

• Regulated utility services
• Natural gas distribution
• Electricity transmission
• LNG export infrastructure
• Energy infrastructure investment

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Regulated Utility Operations: Rate-regulated electricity and natural gas distribution through SDG&E, SoCalGas, and Oncor. Revenue derived from capital investments in rate base with CPUC and PUCT approved returns. Represents approximately 95% of earnings by 2030 target.
2. LNG Infrastructure: LNG export terminal development and operations including ECA LNG (Mexico Pacific Coast) and Port Arthur LNG (U.S. Gulf Coast). Revenue from long-term take-or-pay contracts with global energy buyers.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Sempra Energy is a public utility holding company that operates rate-regulated electricity and natural gas distribution utilities serving approximately 40 million consumers across California (through San Diego Gas & Electric and Southern California Gas Company) and Texas (through Oncor Electric Delivery Company). The company also develops and operates LNG export infrastructure and energy networks through its Sempra Infrastructure subsidiary, including ECA LNG in Mexico and Port Arthur LNG in Texas, supplying global energy markets through long-term contracts.

Product overview

Sempra Energy operates as a utility holding company with a portfolio of regulated utilities and energy infrastructure assets. The company's core offerings include three regulated utilities: Oncor Electric Delivery Company LLC (Texas electricity transmission/distribution serving 4.1+ million customers), San Diego Gas & Electric (California electric utility), and Southern California Gas Company (largest U.S. gas distribution utility serving 21+ million consumers). The company also holds a partial ownership interest in Sempra Infrastructure Partners, which develops LNG export facilities (ECA LNG Phase 1, Port Arthur LNG) and energy networks. Recent product innovations include the Edge Alert Sentinel AI system for wildfire detection, while operational offerings span transmission/distribution services, energy efficiency programs, and LNG liquefaction and export capabilities. The portfolio is structured as a platform-plus-utilities model where regulated utilities provide stable cash flows while infrastructure investments offer growth opportunities.

Differentiator

Problem solved

Functional benefit

Brands

• Glad to be of service: SoCalGas employee volunteer initiative spanning communities across Southern California

Products and services

• San Diego Gas & Electric (SDG&E)
• Southern California Gas Company (SoCalGas)
• Oncor Electric Delivery Company LLC
• Sempra Infrastructure Subsidiary focused on developing, building, operating, and investing in modern energy infrastructure including LNG export facilities, pipelines, and energy networks connecting customers to safe and reliable energy and advancing energy security.
• ECA LNG Phase 1 Liquefaction project in Ensenada, Mexico, with a nameplate capacity of 3.25 million tonnes per annum across a single liquefaction train. Joint venture with TotalEnergies, backed by long-term sales and purchase agreements with TotalEnergies and Mitsui & Co. Positioned on Mexico's Pacific Coast to supply U.S. natural gas to Asia and Pacific Basin markets via shortest shipping route.
• Port Arthur Pipeline Louisiana Connector 72-mile, 42-inch diameter pipeline with compressor station in Beauregard Parish, Louisiana, designed to transport 2 billion cubic feet per day of U.S. natural gas to global markets by supplying Port Arthur LNG Phase 1.

Quantifiable outcome

• Customers saved more than $106 million on utility bills through energy efficiency programs in 2025, reducing energy use by approximately 54 million net therms
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• TotalEnergiescoreStrategic or Co-development Partner · 8 June 2026Joint venture partner in ECA LNG Phase 1 project in Ensenada, Mexico. TotalEnergies holds approximately 16.6% stake in the facility and has long-term sales and purchase agreements. Also holds non-binding agreement for approximately one-third of Vista Pacifico LNG export production.
• Qualcomm TechnologiescoreTechnology or Integration · 8 June 2026Collaboration with SDG&E and UC San Diego's Scripps Institution of Oceanography on Edge Alert Sentinel (EAS) project. Qualcomm provides edge AI computing capabilities using Dragonwing IQ9 processor for real-time wildfire and extreme-weather response.
• UC San Diego Scripps Institution of OceanographycoreStrategic or Co-development Partner · 8 June 2026Academic partner in Edge Alert Sentinel project providing long-standing observational data and scientific expertise in atmospheric conditions and climate science to enhance modeling and real-time analysis.
• Mitsui & CocoreStrategic or Co-development PartnerLong-term sales and purchase agreement partner for ECA LNG Phase 1, supporting the 3.25 million tonnes per annum liquefaction project in Mexico.
• Cameron LNG Joint VenturecoreStrategic or Co-development PartnerJoint venture liquefaction export facility near Lake Charles, Louisiana, with approximately 12 million tonnes per annum capacity. Reached full commercial operations in August 2020.
• PEMEX and CFEminorStrategic or Co-development PartnerMexico state-owned energy entities that are partners in certain Sempra Infrastructure operations, including the terminated Vista Pacifico LNG project with CFE. Partnerships face operational and financial risks.

Scale indicators7 records

Recent moves13 records

Expansion highlights8 records

Direct peers

• American Electric Power: One of the largest U.S. electric transmission owners, operating across 11 states with a massive T&D infrastructure footprint. Comparable to Oncor's scale and Texas growth profile, particularly for data center demand. Recently hired Sempra's SoCalGas CEO, signaling cross-pollination of executive talent.
• Dominion Energy: Regulated utility with electric and gas operations plus an LNG export terminal (Cove Point) comparable to Sempra's LNG portfolio. Operates in similar regulatory environments with significant capital plans targeting data center demand in Virginia.
• Exelon Corporation: Pure-play regulated electric T&D utility serving ~10 million customers across multiple states. Comparable to Sempra's regulated-utility focus and capital plan-driven earnings growth, though with no gas distribution or LNG exposure.
• Cheniere Energy: Largest U.S. LNG exporter with comparable liquefaction project structure and long-term take-or-pay contract economics. Directly comparable to Sempra's LNG infrastructure business (ECA LNG, Port Arthur LNG), though Cheniere is LNG-pure-play versus Sempra's diversified utility model.
• PG&E Corporation: California's largest combined electric and gas utility. Most directly comparable to Sempra's California operations given shared CPUC regulatory environment, identical wildfire liability profile, and similar wildfire-mitigation and grid-hardening capex programs.
• Southern Company: Major regulated electric utility holding company with similar investor-owned utility structure to Sempra, operating multiple state-level regulated subsidiaries with large capital plans. Comparable in scale, regulated-utility concentration, and gas distribution exposure (via Atlanta Gas Light and Chattanooga Gas).
• Edison International: Parent of Southern California Edison, the other major California investor-owned electric utility. Most directly comparable to SDG&E given overlapping California regulatory (CPUC) jurisdiction, similar wildfire liability exposure, and California grid modernization initiatives.
• Duke Energy: One of the largest U.S. regulated electric utilities serving ~8.4 million customers across the Southeast. Closely comparable to Sempra's regulated electric franchise model with multi-billion-dollar capital plans and rate base growth strategies, though no LNG exposure.

Broad incumbents

• NextEra Energy: Largest U.S. utility by market cap, combining regulated FPL with the world's largest renewable energy generator. Directly comparable to Sempra's regulated-utility-plus-infrastructure model, with similar exposure to energy transition tailwinds and rate base growth strategies.
• Public Service Enterprise Group: Diversified regulated utility with combined electric and gas distribution operations in New Jersey plus a nuclear generation fleet. Comparable mix of regulated rate-base-driven earnings and energy infrastructure investment similar to Sempra's hybrid utility-plus-platform model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/SempraEnergy
• YouTubeyoutube.com/channel/UCoEiXZY70ssYubUVqfpPJhA
• LinkedInlinkedin.com/company/sempra-energy
• Instagraminstagram.com/sempra

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sempra Energy