Sempra (SREN)

Overview

Sempra, formerly known as Sempra Energy until its name change in May 2023, stands as a prominent energy infrastructure company with operations extending across the United States and internationally. Founded in 1998 and headquartered in San Diego, California, Sempra has meticulously structured its operations through three main segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. Each segment plays a pivotal role in delivering comprehensive energy solutions, encompassing electricity services, natural gas services, and infrastructure development aimed at supporting the energy transition. The company's expansive reach, both in terms of geographical coverage and service offerings, positions Sempra as a key player in the energy sector, catering to a vast population and continuously evolving to address the dynamic needs of the energy market.

Products and Services

• Sempra California:

  This segment focuses on providing electric and natural gas services primarily within San Diego County. As of the end of 2023, Sempra California has emerged as a cornerstone of the company's operations, offering electric services to an approximately 3.6 million population and natural gas services to around 3.3 million population across 4,100 square miles. This division is distinguished by its ownership and operation of an extensive natural gas distribution, transmission, and storage system designed to reliably supply natural gas, covering a large service area to serve a population of 21 million over 24,000 square miles.

• Sempra Texas Utilities:

  Mainly involved in the regulated electricity transmission and distribution. By the close of 2023, the Sempra Texas Utilities segment boasts a robust infrastructure that includes 18,298 circuit miles of transmission lines, 1,257 transmission and distribution substations along with interconnections to 173 third-party generation facilities totaling 54,277 MW. Additionally, this segment's distribution system reaches approximately 4.0 million points of delivery through 125,116 miles of both overhead and underground lines, showcasing its expansive operational capacity and commitment to ensuring electricity accessibility across its service territories.

• Sempra Infrastructure:

  Devoted to the development, construction, operation, and investment in energy infrastructure that supports the energy transition in North American markets and beyond. This segment symbolizes Sempra's forward-looking approach towards facilitating a sustainable energy future, highlighting the company's strategic investments in infrastructure projects that not only enhance energy delivery but also promote environmental stewardship and innovation within the sector.