Sempra

Company facts

Industry

Gas & Other Services Combined

Headquarters

San Diego, California

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

California

Filings on record

1,000+ filings

On EDGAR

CIK 1032208

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 4 of 10 sections worth reading, with 0 positive, 9 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Financial statements and notes with major asset sales, regulatory disallowances, and wildfire fund risks.
  Notable

  • Sempra expects to sell 45% of SI Partners for ~$9.99B, retaining a 25% interest, closing in November 2026.
  • Sempra has $2.6B remaining under its ATM program and two forward sale agreements for $415M in expected proceeds.
  Negative

  • Edison's Eaton fire claims could materially reduce or exhaust the Wildfire Fund, impacting SDG&E's $239M asset.

• Management's Discussion (Item 2)

  MD&A with segment earnings, regulatory charges, SI Partners sale, and liquidity details.
  Notable

  • Sempra Infrastructure recognized a $97M gain on the sale of Ecogas in August 2026, excluding foreign currency hedges.
  • Sempra's credit ratings remain investment grade, but Moody's and S&P have a negative outlook on Sempra.
  • Sempra expects a $2.8B-$3.3B gain on the sale of a 45% stake in SI Partners to KKR, closing in November 2026.
  • Sempra expects 2026 capital expenditures of ~$12.1B, up $3.5B from prior estimate due to later SI Partners sale closing.
  Negative

  • SoCalGas recorded a $216M after-tax regulatory disallowance charge in Q3 2026, swinging to a $153M loss.
  • SDG&E is subject to pending litigation related to the Norte fire, with costs and outcomes uncertain.
  • SoCalGas is subject to pending litigation from the LA Fires, with costs and outcomes uncertain.

• Market Risk (Item 3)

  Contains specific commodity, interest rate, and inflation risk numbers for Sempra's utilities.
  Notable

  • SI Partners (foreign ops) classified as held for sale; sale expected Nov 2026, reducing FX and inflation volatility.
  Negative

  • Commodity price risk sensitivity doubled to $18M at Sep 30, 2026, from $11M at Dec 31, 2025.

• Controls and Procedures (Item 4)

  Two new system implementations (CIS and ERP) with control changes disclosed.
  Notable

  • SoCalGas launched a new CIS in Q3 2026, modifying billing, revenue, and related controls.
  • SI Partners implemented a new ERP platform in January 2026, affecting revenue, expenditure, payroll, and reporting cycles.

What changed: Sep 2026 vs. Jun 2026

About 15% of SRE's Sep 2026 10-Q is new information. 199 paragraphs were added, 431 changed, and 72 removed. Below are the most important lines SECSift identified.

• Item 2 350
• Item 1 173
• Item 3 5
• Item 4 4
• Item 6 4
• Item 5 4