US EditionSempra Sells $10 Billion Stake in Infrastructure Unit, Greenlights Port Arthur Expansion
Sempra's $10 billion sale funds a $14 billion Texas LNG expansion aiming for 2030 operations, supporting its $56 billion capital plan without issuing new stock.
- On Tuesday, Sempra said it will sell a 45% stake in Sempra Infrastructure Partners to affiliates of KKR & Co and the Canada Pension Plan Investment Board for $10 billion.
- As part of a capital recycling strategy, Sempra said the sale will simplify its business and fund its $56 billion capital plan for 2025–2029 without issuing common stock.
- Deal implies an equity value of $22.2 billion and an enterprise value of $31.7 billion for Sempra Infrastructure Partners, with 47 scheduled for payment at the expected Q2 or Q3 2026 closing.
- Investors reacted as Sempra shares rose nearly 5% to $86.80, and the company said the transaction is expected to add about $0.20 to annual EPS from 2027.
- Port Arthur Phase 2 reached a final investment decision for a $14 billion expansion backed by a $7 billion minority equity investment led by Blackstone Credit & Insurance, with Bechtel Energy Inc. contracted.
14 Articles
14 Articles
Sempra lines up $10B deal with private equity giant KKR
Sempra, the San Diego-based Fortune 500 energy infrastructure company, plans to sell a $10 billion equity stake in one of its subsidiaries that builds liquefied natural gas projects, as part of a larger corporate strategy to sharpen its focus on Sempra’s utilities in Texas and California. The company announced Tuesday that it has agreed to sell 45% of Sempra Infrastructure to affiliates of global private investment giant KKR and Canada Pension P…
Sempra stock rises on $10 billion sale of interest in infrastructure business
Sempra headquarters in downtown San Diego. (File photo courtesy of the company) Seeking to simplify its business model, San Diego-based Sempra announced Tuesday the sale of 45% interest in its infrastructure business to private-equity giant KKR for $10 billion. The utility holding company’s stock closed up nearly 5% on the New York Stock Exchange. Sempra’s infrastructure unit operates liquefied natural gas terminals, gas pipelines, and clean ene…
Sempra to Sell 45% of Sempra Infrastructure Partners for $10 Billion
Sempra agreed to sell a 45% equity stake in Sempra Infrastructure Partners to affiliates of KKR and Canada Pension Plan Investment Board for $10 billion, a deal that will boost the percentage of its earnings from regulated utilities.
KKR-led consortium acquires $10bn stake in Sempra’s infrastructure arm
Sempra has agreed to sell a 45% stake in its infrastructure arm Sempra Infrastructure Partners to a consortium led by KKR and Canada Pension Plan Investment Board (CPPIB) in a $10bn deal that values the business at $22.2bn, according toto a report by Reuters. The move highlights private equity’s growing appetite for large-scale energy assets amid rising demand for LNG and power infrastructure. Following completion, expected in 2026, KKR and CPPI…
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