#United States #San Diego #Natural Gas #Sempra #Ecogas

Sempra's Strategic Move: Sale of Ecogas Información

In a significant development for its strategic capital recycling program, Sempra (NYSE: SRE) has completed the sale of Ecogas México, S. de R.L. de C.V. This natural gas distribution network operates in Mexico, catering to a customer base of over 600,000 residential, commercial, and industrial clients across regions such as Mexicali, Chihuahua, and La Laguna-Durango. This transaction marks a critical step in Sempra's ongoing efforts to optimize its business model and fuel growth within its regulated utilities in Texas and California.

The completion of the Ecogas sale is both a testament to Sempra's disciplined approach and a strategic maneuver to unlock capital for future investments. Jeffrey W. Martin, chairman and CEO of Sempra, highlighted that this move underscores the company's commitment to recycling capital effectively to generate maximum long-term value. As energy demands rise, Sempra is simultaneously implementing several initiatives aimed at improving service and operational efficiency for its customers.

The sale generated approximately $500 million in proceeds, contributing to Sempra's ambitious five-year capital plan, which totals around $65 billion. Notably, a staggering 95% of these planned investments will be directed toward enhancing regulated utility infrastructure. This focus on infrastructural improvements aims to bolster safety, reliability, and resilience across Sempra’s expansive operations.

Sempra's sale of Ecogas goes hand-in-hand with its recent agreement to divest a 45% equity stake in Sempra Infrastructure Partners, a leading energy infrastructure platform in North America. This transaction is anticipated to close in the third quarter of 2026, further cementing Sempra's position to invest in its rapidly growing opportunities within Texas and California.

These strategic transactions, collectively, are seen as pivotal in aligning Sempra's resources efficiently and minimizing reliance on common-equity issuances to underpin growth and maintain robust credit quality. They showcase an unequivocal intention to advance critical transmission and distribution infrastructure that will bolster customer support and service reliability.

Sempra aims to solidify its mission of becoming America's foremost utility growth business. With one of the continent’s largest energy networks, Sempra is dedicated to enhancing energy resilience and electrification in the rapidly growing economies of California and Texas. The firm is recognized for its commitment to responsible business practices and operational excellence, as evidenced by its recognition in prominent rankings such as The Wall Street Journal's Management Top 250 and Fortune's World's Most Admired Companies.

In conclusion, this sale signals Sempra's strategic capabilities in capital management and its proactive approach to address evolving energy demands. With substantial funding directed towards infrastructural improvement, Sempra stands ready to meet the challenges ahead while delivering exceptional value to its investors and customers alike. With plans to continue investing smartly in its scope of operations, Sempra is poised for long-term growth and sustainability in an ever-evolving energy landscape.

For further updates, stakeholders are encouraged to monitor Sempra's investor relations website and other official communication channels. The completion of these strategic transactions sets the stage for Sempra to continue its trajectory of growth and resilience intended to benefit all parties involved, including their vast customer base.

About Sempra

Sempra is a leader in developing and managing extensive energy networks across the U.S. It focuses on providing reliable energy services while committing to sustainable and responsible frameworks. As operations continue to expand, Sempra’s workforce emphasizes safety and operational excellence, supportive of the greater goal of electrifying and increasing the resilience of energy supply in key U.S. markets.