Sempra Overview
Pro stress-test →Sempra is a regulated utilities company operating through three segments: Sempra California (natural gas and electric services to Southern California and central California), Sempra Texas Utilities (80% ownership of Oncor transmission and distribution in Texas), and Sempra Infrastructure (which develops and operates energy infrastructure in North America and Mexico). The company serves one of the largest utility customer bases in the United States.
Strategic Profile
Pro stress-test →Sempra is investing nearly $13B to modernize its infrastructure, with approximately $3 billion in capital expenditures in Q1 2026. Through Sempra Infrastructure Partners (25% owned by Sempra), the company owns and operates liquefied natural gas facilities in North America and infrastructure in Mexico. The company ranked in the top 10% for talent readiness among S&P 500 companies and in the top 38% for innovation and commitment to new technologies.
Competitive Landscape
Pro stress-test →Sempra operates in the regulated utilities business in the United States and Mexico. Primary competitors include Duke Energy, American Electric Power, and NextEra Energy in regulated utilities, plus NiSource in gas distribution and Cheniere Energy in LNG infrastructure. Sempra's competitive strength lies in its scale (serving ~3.6 million electric customers in California), 80% ownership of Oncor (major Texas transmission asset), and growing LNG infrastructure footprint.
Industry Context
Sempra operates in Regulated electric and gas utilities.
Key facts
Founded: 1996 · Headquarters: San Diego, US · Revenue: $13.7B · Market cap: $59.8B