Sempra's Stock Analysis

Sempra's Southern California Gas Company Issues $650 Million in Bonds

Southern California Gas Company, an indirect subsidiary of Sempra, has successfully completed a public offering of $650 million in 5.900% First Mortgage Bonds, Series FFF, due in 2056. The offering generated proceeds amounting to approximately 98.661% of the principal amount after deducting underwriting discounts, with estimated offering expenses of around $1.4 million. The bonds will accrue interest from May 15, 2026, and will pay interest semiannually starting December 1, 2026.

The bonds are redeemable prior to maturity at the company's option, and further details are outlined in the Supplemental Indenture and related exhibits. The offering was registered under the company's Form S-3, and additional information can be found in the Underwriting Agreement filed earlier this month.

May 15, 2026 16:29:56

Sempra Annual Meeting Voting Results Announced

Sempra held its 2026 Annual Shareholders Meeting on May 12, 2026, where shareholders voted on several key proposals. The proposals included the election of directors, ratification of the appointment of an independent registered public accounting firm, advisory approval of the company’s executive compensation, and a shareholder proposal requesting an independent board chairman.

The results of the voting were certified by the company’s inspector of election, reflecting the shareholders' decisions on these matters. These outcomes may influence investor sentiment and the company's governance structure moving forward.

May 14, 2026 16:24:53

Sempra's Southern California Gas to Issue $650 Million Bonds

Southern California Gas Company, a subsidiary of Sempra, has entered into an underwriting agreement to issue $650 million in First Mortgage Bonds, Series FFF, with a 5.900% interest rate, maturing in 2056. The bonds will be sold to underwriters at a public offering price of 99.536% of the total principal amount.

The offering is part of a registered public offering under a prospectus filed with the U.S. Securities and Exchange Commission. This report clarifies that the securities are not being offered in jurisdictions where such offers would be unlawful and are available only through the specified prospectus and related documents.

May 12, 2026 16:18:56

Sempra Reports First-Quarter 2026 Earnings and Investments

Sempra announced its financial results for the first quarter of 2026, reporting earnings of $1.04 billion or $1.58 per diluted share, an increase from $906 million or $1.39 per diluted share in the same quarter of 2025. Adjusted earnings for the quarter were $991 million or $1.51 per diluted share, compared to $942 million or $1.44 per diluted share in the previous year. The company is focused on executing its capital plan, which includes approximately $3 billion in capital expenditures during the first quarter, part of a five-year plan totaling around $65 billion, with most funds directed towards utility investments in Texas and California.

In Texas, the Public Utility Commission approved a base rate settlement for Oncor Electric Delivery Company, which includes an annual revenue requirement of about $6.97 billion and a revised capital structure. In California, Sempra's utilities are enhancing their portfolios to reduce energy costs. Additionally, Sempra is finalizing transactions related to Sempra Infrastructure Partners and Ecogas, expected to close in mid to late 2026, which are anticipated to be accretive. The company has also updated its full-year 2026 earnings guidance to a range of $4.87 to $5.37 per share.

May 07, 2026 10:56:43

Sempra's SDG&E Seeks FERC Approval for Rate Settlement

San Diego Gas & Electric Company (SDG&E), a subsidiary of Sempra, has filed an unopposed offer of settlement in its TO6 proceeding with the U.S. Federal Energy Regulatory Commission (FERC). This settlement proposes to increase SDG&E’s authorized base return on equity from 10.10% to 10.28% and establish a hypothetical capital structure with 54% equity. The terms are pending FERC approval, expected in the second half of 2026, and if approved, would be effective retroactively from June 1, 2025.

The anticipated impact of the settlement on Sempra’s diluted earnings-per-common-share (EPS) is expected to align with previously announced EPS guidance for 2026 and 2027. Investors should note that the information provided does not constitute a filing under the Securities Exchange Act of 1934 and should be considered within the context of ongoing regulatory and operational risks faced by the company.

Mar 26, 2026 16:18:30

Sempra's San Diego Gas & Electric Raises $1.1 Billion in Bonds

San Diego Gas & Electric Company, a subsidiary of Sempra, completed a public offering of $1.1 billion in First Mortgage Bonds on March 20, 2026. This includes $625 million in Series DDDD Bonds with a 5.200% interest rate due in 2036 and $475 million in Series EEEE Bonds with a 5.950% interest rate due in 2056. The proceeds from the sale, after underwriting discounts, were approximately $1.1 billion, with estimated offering expenses around $2.6 million.

The Series DDDD Bonds will pay interest semiannually starting September 15, 2026, and are redeemable before maturity under specified conditions. Similarly, the Series EEEE Bonds will also pay interest semiannually beginning September 15, 2026, and are redeemable prior to maturity. The bond offerings were registered under the Company’s Registration Statement on Form S-3, and additional details are available in the filed supplemental indentures and underwriting agreement.

Mar 20, 2026 16:05:26

Sempra's San Diego Gas & Electric Issues $1.1 Billion in Bonds

San Diego Gas & Electric Company, a subsidiary of Sempra, has entered into an underwriting agreement to issue $625 million in 5.200% First Mortgage Bonds, Series DDDD, due in 2036, and $475 million in 5.950% First Mortgage Bonds, Series EEEE, due in 2056. The bonds will be sold to underwriters at slightly below their aggregate principal amounts, specifically at 99.754% for the Series DDDD Bonds and 99.392% for the Series EEEE Bonds.

This offering is part of a registered public offering under an effective shelf registration statement. The securities are only available through the related prospectus and prospectus supplement filed with the U.S. Securities and Exchange Commission. The report clarifies that this announcement does not constitute an offer to sell or a solicitation to buy these securities in any jurisdiction where such actions would be unlawful.

Mar 17, 2026 16:17:07

Sempra Closes $800 Million Public Offering of Notes

Sempra has successfully closed its public offering of $800 million in 5.250% Notes due March 15, 2036. After deducting underwriting discounts and estimated offering expenses, the company received approximately $793.4 million from this transaction. The notes were registered under a prospectus and sold through an underwriting agreement with several financial institutions.

The notes will accrue interest at 5.250% per year, with interest payments scheduled semi-annually starting September 15, 2026. The company retains the option to redeem the notes prior to maturity at specified prices. The issuance is governed by an indenture with U.S. Bank Trust Company as the trustee, reflecting the company's ongoing financing activities.

Mar 13, 2026 16:05:33

Sempra Reports 2025 Earnings and Announces Capital Expansion Plans

Sempra reported full-year 2025 earnings of $1.80 billion, or $2.75 per diluted share, a decrease from $2.82 billion, or $4.42 per diluted share in 2024. Adjusted earnings for 2025 were $3.07 billion, or $4.69 per diluted share, compared to $2.97 billion, or $4.65 per diluted share in the previous year. The company also announced a quarterly dividend of $0.6575 per share, increasing the annualized dividend to $2.63 from $2.58 in 2025. Sempra's fourth-quarter earnings were $352 million, or $0.54 per diluted share, down from $665 million, or $1.04 per diluted share in Q4 2024.

For the next five years, Sempra has set a capital plan of approximately $65 billion, focusing over 95% of expenditures on regulated utility investments in Texas and California. The company aims to enhance its operational efficiency and has initiated strategic transactions, including a $10 billion equity stake sale in Sempra Infrastructure Partners. Sempra is also affirming its adjusted earnings-per-share guidance for 2026 in the range of $4.80 to $5.30, along with a 2030 outlook of $6.70 to $7.50 per share, indicating a commitment to long-term value creation for shareholders.

Feb 26, 2026 10:57:36

Oncor Seeks Rate Increase Approval from Texas Regulators

Oncor Electric Delivery Company LLC, in which Sempra holds an 80.25% interest, has filed a stipulation with the Public Utility Commission of Texas for a comprehensive settlement in its base rate review. This stipulation requests approval for an annual revenue requirement of approximately $6.975 billion, representing an 8.8% increase over current revenues, which would result in an estimated annualized revenue increase of $560 million. The proposed changes also include adjustments to the capital structure and authorized returns on equity and debt.

The Public Utility Commission of Texas is expected to issue a final order regarding the stipulation in the first half of 2026. If approved, new billing rates would be implemented retroactively to January 1, 2026, and Oncor anticipates that these changes will positively impact its future earnings, cash flow, and credit metrics.

Jan 29, 2026 16:29:33