Business mix
- It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure.
- It also invests in and operates electric and gas utilities and other energy infrastructure that provides energy services to customers.
- The Sempra California segment provides natural gas and electric services to Southern California and part of central California.
- As of December 31, 2025, it offered electric services to approximately 3.6 million population and natural gas services to approximately 3.3 million population that covers 4,100 square miles.
Current key questions
- Can rate-base growth, allowed returns, and demand support earnings in utilities - diversified?
- How do regulation, fuel costs, interest rates, and capital spending affect customer bills and returns?
- Does the balance sheet support required infrastructure investment and dividends?
