Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County. As of December 31, 2023, 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. This segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas. As of December 31, 2023, it serves a population of 21 million covering an area of 24,000 square miles. The Sempra Texas Utilities segment engages in the regulated electricity transmission and distribution. As of December 31, 2023, its transmission system included 18,298 circuit miles of transmission lines; 1,257 transmission and distribution substations; interconnection to 173 third-party generation facilities totaling 54,277 MW; and distribution system included approximately 4.0 million points of delivery and consisted of 125,116 miles of overhead and underground lines. The Sempra Infrastructure segment develops, builds, operates, and invests in energy infrastructure to help enable the energy transition in North American markets and worldwide. The company was formerly known as Sempra Energy and changed its name to Sempra in May 2023. Sempra was incorporated in 1996 and is based in San Diego, California.
Regulatory Crossroads | Sempra navigates California's proposed ROE reduction, potentially impacting earnings by 1.7% in 2025, while leveraging its diversified portfolio to mitigate risks |
LNG Growth Engine | Explore Sempra's LNG development projects, driving robust cash flow and positioning the company to capitalize on growing global demand for natural gas |
Market Expansion | Delve into Sempra's strategic focus on South Central and Southwest markets, tapping into regional growth opportunities and offsetting California regulatory pressures |
Financial Outlook | Analyst projections show premium EPS growth of ~7%, with price targets ranging from $93 to $99, reflecting confidence in Sempra's strong fundamentals and growth prospects |
Metrics to compare | SRE | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipSREPeersSector | |
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P/E Ratio | 19.0x | 22.7x | 11.9x | |
PEG Ratio | 3.66 | −0.30 | 0.02 | |
Price/Book | 1.9x | 1.6x | 1.3x | |
Price / LTM Sales | 4.2x | 2.3x | 1.5x | |
Upside (Analyst Target) | 11.5% | 0.0% | 20.7% | |
Fair Value Upside | Unlock | −21.1% | 3.4% | Unlock |