{"id":888623,"date":"2025-09-23T07:58:12","date_gmt":"2025-09-23T11:58:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\/"},"modified":"2025-09-23T07:58:12","modified_gmt":"2025-09-23T11:58:12","slug":"sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\/","title":{"rendered":"Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <b>Agreement to Sell 45% of Sempra Infrastructure Partners for <span class=\"xn-money\">$10 billion<\/span> in cash<\/b>\n        <\/li>\n<li>\n          <b>Accretive Transaction Improves Sempra&#8217;s Financial Strength<\/b>\n        <\/li>\n<li>\n          <b>Efficiently Funds 2025\u20132029 Capital Plan without Equity Issuances<\/b>\n        <\/li>\n<li>\n          <b>Reached Final Investment Decision for Port Arthur LNG Phase 2<\/b>\n        <\/li>\n<li>\n          <b>Hosting Conference Call at <span class=\"xn-chron\">11 a.m. EST<\/span><\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">SAN DIEGO<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 23, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Sempra (NYSE: SRE) today announced several strategic actions that advance Sempra&#8217;s corporate strategy. The company is executing on five value creation initiatives designed to simplify Sempra&#8217;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.<\/p>\n<p>&#8220;The transactions announced today further Sempra&#8217;s corporate strategy by advancing the company&#8217;s capital recycling program and transition to a leading U.S. utility growth business,&#8221; said <span class=\"xn-person\">Jeffrey W. Martin<\/span>, chairman and CEO of Sempra.<\/p>\n<p>\n        <b>Sale of Equity Stake in\u00a0Sempra Infrastructure Partners\u00a0<br \/><\/b>Sempra announced that it has agreed to sell a 45% equity interest in Sempra Infrastructure Partners, one of <span class=\"xn-location\">North America&#8217;s<\/span> leading energy infrastructure platforms, to affiliates of KKR, a leading global investment firm, with Canada Pension Plan Investment Board (CPP Investments).<\/p>\n<p>Subject to adjustments, the transaction proceeds of <span class=\"xn-money\">$10 billion<\/span> implies an equity value of <span class=\"xn-money\">$22.2 billion<\/span> and an enterprise value of <span class=\"xn-money\">$31.7 billion<\/span> for Sempra Infrastructure Partners.<\/p>\n<p>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 closing. This schedule helps Sempra generate attractive post-closing interest income as it efficiently reinvests proceeds over time in capital expenditures at its U.S. utilities.<\/p>\n<p>The transaction is expected to close in Q2 \u2013 Q3 2026, subject to necessary regulatory and other approvals and closing conditions.<\/p>\n<p>Upon closing, a KKR-led consortium will become the majority owner of Sempra Infrastructure Partners, holding a 65% equity stake, while Sempra will retain a 25% interest alongside Abu Dhabi Investment Authority&#8217;s (ADIA) existing 10% stake. Under the terms of the agreement, Sempra and ADIA will have certain minority rights in Sempra Infrastructure Partners.<\/p>\n<p>&#8220;The transaction announced today underscores our commitment to extend our strategic partnership with KKR, with whom we have a shared vision of improving America&#8217;s position as a global leader in LNG exports,&#8221; said Martin. &#8220;It also directly supports our five value creation initiatives designed to simplify our business, efficiently fund strong utility growth in <span class=\"xn-location\">Texas<\/span> and <span class=\"xn-location\">California<\/span> and improve our financial strength.&#8221;<\/p>\n<p>&#8220;Over the past four years, we have developed a close relationship with the Sempra Infrastructure Partners team and a deep understanding of their business,&#8221; said Raj Agrawal, Global Head of Real Assets at KKR. &#8220;We are excited to grow this strategic partnership and are pleased to welcome CPP Investments alongside us as we work to expand Sempra Infrastructure Partners&#8217; assets to help meet growing global demand for energy.&#8221;<\/p>\n<p>The transaction also helps strengthen Sempra&#8217;s credit profile, deconsolidates Sempra Infrastructure Partners, improves Sempra&#8217;s business mix with a goal of approximately 95% earnings from regulated U.S. utilities and eliminates the need for equity issuances in the previously announced 2025-2029 capital plan. \u00a0\u00a0<\/p>\n<p>Key expected benefits from the transaction announced today:<\/p>\n<ol type=\"1\">\n<li>Sharpens focus on building a leading U.S. utility growth business<\/li>\n<li>Reduces business risk by lowering exposure to non-utility investments<\/li>\n<li>Strengthens balance sheet<\/li>\n<li>Improves credit profile and FFO-to-debt<\/li>\n<li>Adds five-year average annual accretion of <span class=\"xn-money\">$0.20<\/span> of earnings per common share (EPS) starting in 2027<\/li>\n<li>Highlights value of LNG franchise<\/li>\n<li>Eliminates planned common equity needs in previously announced 2025 \u2013 2029 capital plan<\/li>\n<\/ol>\n<p>\n        <b>Port Arthur Phase 2 Final Investment Decision<br \/><\/b>Sempra<span> also announced today that <\/span>Sempra<span> Infrastructure Partners has reached a final investment decision to advance the development, construction and operation of <span class=\"xn-location\">Port Arthur<\/span><\/span>LNG<span> Phase 2. This new phase will include two natural gas liquefaction trains, one <\/span>LNG<span> storage tank and associated facilities with a nameplate capacity of approximately 13 million tonnes per annum (<\/span>Mtpa<span>) of U.S.-produced <\/span>LNG<span>. Incremental project capital expenditures at Phase 2 are estimated at <span class=\"xn-money\">$12 billion<\/span>, plus an approximate <span class=\"xn-money\">$2 billion<\/span> payment for shared common facilities, with commercial operations expected in 2030 and 2031 for Trains 3 and 4, respectively.<\/span><\/p>\n<p>Funding for Phase 2 is supported by an equity investment led by <span class=\"xn-person\">Blackstone Credit<\/span> &amp; Insurance, together with an investor consortium including KKR, Apollo-managed funds and Private Credit at Goldman Sachs Alternatives. Together these investors have acquired a 49.9% minority equity interest for <span class=\"xn-money\">$7 billion<\/span>. Sempra Infrastructure Partners has retained a 50.1% majority stake in the project.<\/p>\n<p>In addition to securing 100% equity financing, Sempra Infrastructure Partners has contracted with global engineering, construction and project management firm Bechtel Energy Inc., which has received full notice to proceed for the project. Bechtel&#8217;s continued involvement from Phase 1 into Phase 2 is expected to drive favorable economics and help mitigate execution risk by leveraging efficiencies and learnings across phases.<\/p>\n<p>Phase 2 is subscribed with long-term offtake under 20-year sales and purchase agreements with strategic partner ConocoPhillips as anchor, and high-quality counterparties EQT, JERA Co. Inc. and Sempra Infrastructure Partners. Consistent with industry practice, Sempra Infrastructure Partners expects to enter into additional offtake agreements from time to time to enhance the overall economic value of the project.<\/p>\n<p>\n        <b>Earnings Guidance<br \/><\/b>Sempra<span> is updating its full-year 2025 EPS guidance range prepared in accordance with Generally Accepted Accounting Principles (GAAP) to <span class=\"xn-money\">$3.29<\/span> to <span class=\"xn-money\">$3.69<\/span>, reflecting actual results through the second quarter and certain estimated tax impacts related to the equity sale transaction announced today that are expected to be recognized in the third quarter, and affirming its full-year 2025 adjusted EPS guidance range of <span class=\"xn-money\">$4.30<\/span> to <span class=\"xn-money\">$4.70<\/span>. With the <\/span>Sempra<span> Infrastructure Partners equity sale transaction expected to close in Q2 \u2014 Q3 of 2026, <\/span>Sempra<span> is affirming its full-year 2026 adjusted EPS guidance range of <span class=\"xn-money\">$4.80<\/span> to <span class=\"xn-money\">$5.30<\/span>. The company is also affirming its guidance to the high-end or above its projected long-term EPS compound annual growth rate of 7% to 9% for 2025 through 2029. <\/span>Sempra<span> intends to provide an update to its five-year capital plan during its fourth-quarter earnings call in <span class=\"xn-chron\">February 2026<\/span>, subject to completion of the base rate review at <\/span>Oncor<span>.<\/span><\/p>\n<p>\n        <b>Non-GAAP Financial Measures<br \/><\/b>Non-GAAP financial measures include Sempra&#8217;s adjusted EPS guidance ranges and net debt, which is used in the calculation of implied enterprise value. See Table A for additional information regarding these non-GAAP financial measures.<\/p>\n<p>\n        <b>Conference Call Information and Additional Details<br \/><\/b>Sempra is holding a conference call to discuss these transactions today, <span class=\"xn-chron\">Sept. 23<\/span> at <span class=\"xn-chron\">11 a.m. EST<\/span> with the company&#8217;s senior management. Access is available by logging onto the Investors section of the company&#8217;s website, sempra.com\/investors. Supplemental materials that will be discussed during the call are available at the same website location where you can find a more detailed description of the anticipated transaction proceeds and the closing and other adjustments.<\/p>\n<p>A replay of the webcast will be available on Sempra&#8217;s website a few hours after the completion of the broadcast.<\/p>\n<p>\n        <b>Transactions Advisors<br \/><\/b>BofA<span> Securities is serving as financial advisor to <\/span>Sempra<span> on the referenced <\/span>Sempra<span> Infrastructure Partners equity sale transaction, while Sullivan &amp; Cromwell <\/span>LLP<span> is serving as legal advisor to <\/span>Sempra<span> on both transactions described herein.<\/span><\/p>\n<p>Citi is serving as financial advisor and Simpson Thacher is serving as legal advisor to KKR. Kirkland &amp; Ellis LLP is serving as legal advisor to CPP Investments.<\/p>\n<p>For the Port Arthur Phase 2 project, Goldman Sachs &amp; Co. LLC acted as exclusive Structuring Agent for Sempra Infrastructure Partners. Sullivan &amp; Cromwell LLP and Baker Botts LLP served as legal counsel to Sempra Infrastructure Partners.<\/p>\n<p>\n        <b>About Sempra<br \/><\/b>Sempra is an energy infrastructure company with one of the largest energy networks in <span class=\"xn-location\">North America<\/span>. Through its operations in <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">Texas<\/span> and beyond, Sempra is electrifying and improving the energy resilience of some of the world&#8217;s most significant economic markets and delivering everyday energy to nearly 40 million consumers. The company is recognized as a leader in responsible business practices and for its high-performance culture focused on safety and operational excellence, as demonstrated by Sempra&#8217;s inclusion in the Dow Jones Sustainability Index North America. More information is available at sempra.com and on social media @Sempra.<\/p>\n<p>\n        <i>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.\u00a0<\/i>\n      <\/p>\n<p>\n        <i>In this press release, forward-looking statements can be identified by words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;anticipate,&#8221; &#8220;contemplate,&#8221; &#8220;plan,&#8221; &#8220;estimate,&#8221; &#8220;project,&#8221; &#8220;forecast,&#8221; &#8220;envision,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;would,&#8221; &#8220;will,&#8221; &#8220;confident,&#8221; &#8220;may,&#8221; &#8220;can,&#8221; &#8220;potential,&#8221; &#8220;possible,&#8221; &#8220;proposed,&#8221; &#8220;in process,&#8221; &#8220;construct,&#8221; &#8220;develop,&#8221; &#8220;opportunity,&#8221; &#8220;preliminary,&#8221; &#8220;pro-forma,&#8221; &#8220;strategic,&#8221; &#8220;initiative,&#8221; &#8220;target,&#8221; &#8220;outlook,&#8221; &#8220;optimistic,&#8221; &#8220;poised,&#8221; &#8220;positioned,&#8221; &#8220;maintain,&#8221; &#8220;continue,&#8221; &#8220;progress,&#8221; &#8220;advance,&#8221; &#8220;goal,&#8221; &#8220;aim,&#8221; &#8220;commit,&#8221; or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.\u00a0<\/i>\n      <\/p>\n<p>\n        <i>Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: counterparty risk with respect to closing and post-closing payments; the ability to satisfy the conditions to closing, including the receipt of regulatory and other approvals; the ability to achieve the anticipated benefits of the transactions described herein; the effects on such transactions of industry, market, economic, political or regulatory conditions outside of Sempra&#8217;s control; the effects on such transactions of disruptions to Sempra Infrastructure&#8217;s businesses; transaction costs and purchase price adjustments; transaction-related tax and accounting impacts; the diversion of management time on transaction-related issues; <span class=\"xn-location\">California<\/span> wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisi\u00f3n Nacional de Energ\u00eda, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service, Public Utility Commission of <span class=\"xn-location\">Texas<\/span> and other regulatory bodies and (ii) U.S., <span class=\"xn-location\">Mexico<\/span> and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) negotiating pricing and other terms in definitive contracts, (iii) completing construction projects or other transactions on schedule and budget, (iv) realizing anticipated benefits from any of these efforts if completed, (v) obtaining regulatory and other approvals and (vi) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; changes, due to evolving economic, political and other factors, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries, and (ii) laws and regulations, including those related to tax and the energy industry in the U.S. and <span class=\"xn-location\">Mexico<\/span>; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on Sempra Infrastructure&#8217;s ability to pass through higher costs to customers due to volatility in inflation, interest rates, foreign currency exchange rates and commodity prices and the imposition of tariffs; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.\u00a0 <\/i>\n      <\/p>\n<p>\n        <i>These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC&#8217;s website, <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>, and on Sempra&#8217;s website, <a href=\"http:\/\/www.sempra.com\" rel=\"nofollow\">www.sempra.com<\/a>. Investors should not rely unduly on any forward-looking statements.\u00a0<\/i>\n      <\/p>\n<p>\n        <i>Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energ\u00e9tica Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the <span class=\"xn-location\">California<\/span> utilities, San Diego Gas &amp; Electric Company or Southern California Gas Company, nor are they regulated by the CPUC.<\/i>\n      <\/p>\n<p class=\"prntac\">\n        <b>SEMPRA<br \/><\/b><br \/>\n        <b>Table A<\/b>\n      <\/p>\n<p>\n        <b>SEMPRA ADJUSTED EPS GUIDANCE RANGE\u00a0<\/b>\n      <\/p>\n<p>Sempra 2025 and 2026 Adjusted EPS Guidance Ranges are non-GAAP financial measures. These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and\/or infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation on our monetary positions in <span class=\"xn-location\">Mexico<\/span> and net unrealized gains and losses on commodity and interest rate derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra&#8217;s business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.<\/p>\n<p>\n        <b><br \/>\n          <i>RECONCILIATION OF SEMPRA 2025 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2025 GAAP EPS GUIDANCE RANGE<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>Sempra 2025 Adjusted EPS Guidance Range of <span class=\"xn-money\">$4.30<\/span> to <span class=\"xn-money\">$4.70<\/span> excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows:<\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-money\">$(25) million<\/span> impact from regulatory disallowances related to the recovery of coronavirus disease 2019 costs at Sempra California for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span><\/li>\n<li>\n          <span class=\"xn-money\">$(89) million<\/span> impact from foreign currency and inflation on our monetary positions in <span class=\"xn-location\">Mexico<\/span> for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span><\/li>\n<li>\n          <span class=\"xn-money\">$(10) million<\/span> net unrealized losses on commodity derivatives for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span><\/li>\n<li>\n          <span class=\"xn-money\">$(8) million<\/span> net unrealized losses on interest rate swaps related to the Port Arthur LNG liquefaction project (PA LNG Phase 1 project) for the six months ended <span class=\"xn-chron\">June 30, 2025<\/span><\/li>\n<li>\n          <span class=\"xn-money\">$(526) million<\/span> tax items related to assets held for sale at Sempra Infrastructure, which such amounts could change in future periods until the dates of sale:<\/p>\n<ul type=\"disc\">\n<li><span class=\"xn-money\">$(500) million<\/span> income tax expense that will be recognized in the third quarter of 2025 to adjust deferred tax liabilities related to our outside basis differences in\u00a0Sempra Infrastructure Partners, LP (Sempra Infrastructure Partners), changes to state income tax apportionment, and valuation allowances against certain tax attribute carryforwards<\/li>\n<li><span class=\"xn-money\">$(26) million<\/span> income tax expense that was recognized in the second quarter of 2025 due to the recognition of a Mexican deferred tax liability on our outside basis difference in\u00a0Ecogas M\u00e9xico, S. de R.L. de C.V. (Ecogas)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Sempra 2025 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2025 GAAP EPS Guidance Range. The table below reconciles Sempra 2025 Adjusted EPS Guidance Range to Sempra 2025 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen4\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Full-Year 2025<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Sempra GAAP EPS Guidance Range<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.29<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">to<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.69<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Excluded items:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Impact from regulatory disallowances<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.04<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.04<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Impact from foreign currency and inflation on monetary positions in Mexico<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.14<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.14<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Net unrealized losses on commodity derivatives<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.02<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.02<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Net unrealized losses on interest rate swaps related to PA LNG Phase 1 project<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.01<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.01<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Tax items related to assets held for sale<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.80<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">0.80<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Sempra Adjusted EPS Guidance Range<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.30<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">to<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.70<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Weighted-average common shares outstanding, diluted (millions)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">654<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b><br \/>\n          <i>SEMPRA 2026 ADJUSTED EPS GUIDANCE RANGE\u00a0<\/i><br \/>\n        <\/b>\n      <\/p>\n<p>We are unable to reconcile Sempra 2026 Adjusted EPS Guidance Range of <span class=\"xn-money\">$4.80<\/span> to <span class=\"xn-money\">$5.30<\/span> to Sempra 2026 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP, because we cannot reasonably estimate the forward-looking amount or range of amounts of reasonably estimable GAAP amounts for, or the probable significance of, each of the following future events:<\/p>\n<ul type=\"disc\">\n<li>impact from foreign currency and inflation on our monetary positions in <span class=\"xn-location\">Mexico<\/span><\/li>\n<li>net unrealized gains and losses on commodity derivatives<\/li>\n<li>net unrealized gains and losses on interest rate swaps related to the PA LNG Phase 1 project<\/li>\n<li>any potential gain from the proposed sale of Ecogas<\/li>\n<li>any potential gain from the agreement to sell an equity interest in Sempra Infrastructure Partners to KKR Partners that was entered into in <span class=\"xn-chron\">September 2025<\/span>, as the purchase price is subject to closing adjustments, post-closing adjustments, and tax items related to our outside basis difference in Sempra Infrastructure Partners that is subject to adjustments based on changes in carrying value, foreign exchange rates and inflation until the date of sale<\/li>\n<\/ul>\n<p class=\"prntac\">\n        <b>SEMPRA<br \/><\/b><br \/>\n        <b>Table A (Continued)<\/b>\n      <\/p>\n<p>\n        <b>SEMPRA INFRASTRUCTURE PARTNERS ENTERPRISE VALUE<\/b>\n      <\/p>\n<p>Management and external users, such as industry analysts and investors, use Enterprise Value (EV) as a supplemental measure of valuation of Sempra Infrastructure Partners. EV is calculated using an implied equity value based on transaction proceeds adjusted for Projected Proportionate Net Debt at <span class=\"xn-chron\">December 31, 2025<\/span>, which represents a non-GAAP financial measure. This non-GAAP financial measure should not be considered in isolation or as a substitute for the amount prepared in accordance with GAAP.<\/p>\n<p>Projected Proportionate Net Debt includes Sempra Infrastructure Partners&#8217; proportionate ownership interest in expected net debt at unconsolidated equity method investees and excludes such amounts attributable to noncontrolling interests.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>SEMPRA INFRASTRUCTURE PARTNERS \u2013 EV<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(Dollars in billions)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Implied equity value based on transaction proceeds<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 22.2<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Projected Proportionate Net Debt at December 31, 2025<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">9.5<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml8\">\n                <span class=\"prnews_span\">Enterprise Value<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 31.7<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The table below reconciles Sempra Infrastructure Partners Projected Proportionate Net Debt to, what we consider to be, the most directly comparable measure calculated in accordance with GAAP.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>SEMPRA INFRASTRUCTURE PARTNERS \u2013 PROJECTED PROPORTIONATE NET DEBT<span class=\"prnews_span\"><sup>(1)<\/sup><\/span><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"4\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>(Dollars in billions)<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Total debt<sup>(2)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Cash and cash <br \/>equivalents<sup>(3)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Net debt<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen4\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">At December 31, 2025<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Projected \u2013 GAAP<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.4<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.1)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.3<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">At unconsolidated entities<sup>(4)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">4.4<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">4.4<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Attributable to NCI owners<sup>(5)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(3.2)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">\u2014<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">(3.2)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Projected \u2013 Proportionate<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.1)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen9\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 9.5<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\"><br \/>\n                      <sup>(1) <\/sup><br \/>\n                    <\/span><br \/>\n                  <\/i><br \/>\n                  <i>Includes consolidation of Ecogas, which is held for sale, at December 31, 2025.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\"><br \/>\n                      <sup>(2) <\/sup><br \/>\n                    <\/span><br \/>\n                  <\/i><br \/>\n                  <i>Includes short-term and long-term debt.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\"><br \/>\n                      <sup>(3) <\/sup><br \/>\n                    <\/span><br \/>\n                  <\/i><br \/>\n                  <i>Excludes restricted cash.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\"><br \/>\n                      <sup>(4) <\/sup><br \/>\n                    <\/span><br \/>\n                  <\/i><br \/>\n                  <i>Represents Sempra Infrastructure Partners&#8217; proportionate ownership interest at unconsolidated equity method investees.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen10\" colspan=\"4\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <span class=\"prnews_span\"><br \/>\n                      <sup>(5) <\/sup><br \/>\n                    <\/span><br \/>\n                  <\/i><br \/>\n                  <i>Represents NCI&#8217;s proportionate ownership interest.<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3121\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2391647\/Sempra_Vertical_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2391647\/Sempra_Vertical_Logo.jpg\" title=\"Sempra Logo (PRNewsfoto\/Sempra)\" alt=\"Sempra Logo (PRNewsfoto\/Sempra)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=LA80674&amp;sd=2025-09-23\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-us-utility-growth-business-302563922.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-us-utility-growth-business-302563922.html<\/a><\/p>\n<p>SOURCE  Sempra<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA80674&amp;Transmission_Id=202509230755PR_NEWS_USPR_____LA80674&amp;DateId=20250923\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Agreement to Sell 45% of Sempra Infrastructure Partners for $10 billion in cash Accretive Transaction Improves Sempra&#8217;s Financial Strength Efficiently Funds 2025\u20132029 Capital Plan without Equity Issuances Reached Final Investment Decision for Port Arthur LNG Phase 2 Hosting Conference Call at 11 a.m. EST SAN DIEGO , Sept. 23, 2025 \/PRNewswire\/ &#8212; Sempra (NYSE: SRE) today announced several strategic actions that advance Sempra&#8217;s corporate strategy. The company is executing on five value creation initiatives designed to simplify Sempra&#8217;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. &#8220;The transactions announced today further Sempra&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-888623","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Agreement to Sell 45% of Sempra Infrastructure Partners for $10 billion in cash Accretive Transaction Improves Sempra&#8217;s Financial Strength Efficiently Funds 2025\u20132029 Capital Plan without Equity Issuances Reached Final Investment Decision for Port Arthur LNG Phase 2 Hosting Conference Call at 11 a.m. EST SAN DIEGO , Sept. 23, 2025 \/PRNewswire\/ &#8212; Sempra (NYSE: SRE) today announced several strategic actions that advance Sempra&#8217;s corporate strategy. The company is executing on five value creation initiatives designed to simplify Sempra&#8217;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. &#8220;The transactions announced today further Sempra&#8217;s &hellip; Continue reading &quot;Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-23T11:58:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2391647\/Sempra_Vertical_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business\",\"datePublished\":\"2025-09-23T11:58:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/\"},\"wordCount\":3162,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2391647\\\/Sempra_Vertical_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sempra-announces-strategic-transactions-advancing-goal-of-building-leading-u-s-utility-growth-business\\\/\",\"name\":\"Sempra Announces Strategic Transactions Advancing Goal of Building Leading U.S. Utility Growth Business - 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