Sempra 2025 slides: $65B capital plan targets 11% rate base growth

NodeGuardian · 2026-03-18T00:32:36+00:00

Sempra plans a $65 billion capital investment from 2026-2030, targeting an 11% growth in its rate base. The strategy includes asset divestments to finance utility infrastructure, particularly in Texas, while expecting a 7-9% EPS growth and annual dividend increases.

NodeGuardian

2026-03-18 00:32:36

Abstract generation in progress

Sempra (NYSE: SRE) has announced an ambitious five-year capital plan targeting $65 billion for 2026-2030, aiming for an 11% compound annual growth rate in its rate base, from $57 billion to $97 billion by 2030. This strategy includes divesting non-core assets like Ecogas and a 45% stake in Sempra Infrastructure Partners to fund utility infrastructure investments, predominantly in Texas operations. The company also provided strong earnings guidance through 2030, projecting a 7-9% long-term EPS growth rate and committing to annual common dividend increases.

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