Sempra Energy

Sempra has completed the sale of its Ecogas México natural gas distribution business, generating approximately $500 million in U.S. dollar-equivalent proceeds. The divested network serves over 600,000 residential, commercial and industrial customers across the Mexicali, Chihuahua and La Laguna-Durango regions. The transaction advances Sempra's capital recycling program in support of its record five-year capital plan of approximately $65 billion, with more than 95% of planned investments directed toward regulated utility infrastructure. The Ecogas sale complements an agreement to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR, which is expected to close in the third quarter of 2026. Together, these transactions are expected to support investments in Texas and California while reducing reliance on future common-equity issuances and supporting credit quality.

Wall Street's earlier expectations for Sempra's August 6 earnings report, including a likely year-over-year earnings increase and potential EPS beat versus consensus, are now a past catalyst for investor attention. The company's investment narrative projects $14.3 billion revenue and $4.1 billion earnings by 2029, requiring 1.8% yearly revenue growth and about a $2.2 billion earnings increase from $1.9 billion today. A key recent development is ERCOT's endorsement of more than US$7 billion of transmission expansions in fast-growing Texas corridors, most of which Oncor is expected to build, tying directly into Sempra's growth catalyst around regulated asset expansion. However, investors should be aware that tighter regulatory shifts or affordability reforms could impact how much of that opportunity reaches shareholders, while Simply Wall St community members offer fair value views ranging from US$46.13 to US$103.50, underscoring very different expectations.

Goldman Sachs has raised its forecast for worldwide data center capacity to 217 gigawatts by 2030, up from a prior estimate of 168 gigawatts and more than double the 101 gigawatts expected in 2025. The additional 116 gigawatts of capacity would require roughly $6 trillion in capital spending, a level the bank believes can be supported by current hyperscaler investment plans. Goldman favors utilities including FirstEnergy, Xcel Energy, Duke Energy and Sempra, as well as independent power producers Talen Energy, Vistra and NRG Energy, which it expects to benefit from rising power prices and growing data center-related power contracts. Among data center operators, Goldman maintained a Buy rating on Digital Realty, citing persistent supply-demand tightness and AI infrastructure spending. The bank estimates data center capacity will grow at a 17% compound annual rate between 2025 and 2030, with 60% to 70% of new capacity additions located in the United States, and projects global data center power consumption will rise 170% by 2030 compared with 2025 levels.

Sempra Infrastructure announced that the ECA LNG Phase 1 project in Ensenada, Mexico, has loaded and shipped its first cargo of liquefied natural gas, marking an important milestone toward full commercial operations. Justin Bird, CEO of Sempra Infrastructure, said the company is excited to begin shipping a new and reliable source of natural gas from North America's Pacific Coast to global customers amid increased uncertainty in the LNG trade. Patrick Pouyanné, CEO of TotalEnergies, noted that the project's strategic location provides privileged access to Asian markets and strengthens the quality of TotalEnergies' integrated LNG portfolio in North America, with the company contributing to the ramp-up by exporting the first cargoes.

San Diego Gas & Electric announced that more than 350,000 residential customers are now generating their own power through rooftop solar, representing over one in four customers and one of the highest adoption rates in the nation. The company has streamlined its interconnection process, enabling customers to complete it in about three days on average, while consistently exceeding state performance benchmarks. SDG&E noted that the growth of rooftop solar and battery storage is transforming the grid to support two-way power flows, with customers both consuming and contributing energy. The utility, which has been named the most reliable electric utility in the West for 20 consecutive years by PA Consulting, emphasized that customers remain connected to the broader grid for reliability when solar generation is low.

Southern California Gas Company announced that the cost it pays for natural gas on behalf of residential and small business customers across its own and San Diego Gas & Electric service areas reached a five-year low for the March through May 2026 period, averaging 22.8 cents per therm. The billed price declined from 35.7 cents per therm in March to 16.9 cents in April and 15.9 cents in May, a 55% drop over the three months. The company attributed the lower costs to system flexibility including storage and access to multiple supply basins, which enable lower-cost purchases and reduce exposure to price spikes during high demand. The trend aligns with record-low California natural gas spot prices in early 2026, driven partly by higher-than-average storage levels in the Pacific region. SoCalGas passes through the natural gas cost without markup, so lower market prices directly benefit customer bills.

Sempra has been named to The Wall Street Journal's inaugural Best Companies for the Future list, ranking in the top 10% of S&P 500 companies for talent readiness. The ranking, published June 7, 2026, evaluated S&P 500 companies on future readiness across agility, AI readiness, financial fitness, innovation, resilience, and talent readiness. Sempra's standout performance came in talent readiness, where it placed in the top 10% of the S&P 500 and was among the leading utilities for workforce readiness. The company also ranked among the top utilities for agility, scoring in the top 38% for innovation and commitment to new technologies. Chairman and CEO Jeffrey W. Martin said the recognition reflects Sempra's investment in people and its strategy to build America's leading utility growth business.