Sempra Energy Stock Price, News & Analysis

Sempra 5.75% Junior Subordinated Notes due 2079 (SREA) are a class of securities issued by Sempra and listed on the New York Stock Exchange. According to Sempra’s SEC filings, these notes have a $25 par value and trade under the symbol SREA on the NYSE. They are identified in Sempra’s reports as Sempra 5.75% Junior Subordinated Notes Due 2079, $25 par value, and appear alongside Sempra’s common stock in the table of securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.

Sempra is a California corporation, as stated in its Form 8-K filings, and acts as the registrant and issuer for SREA. The notes are described in those filings as junior subordinated obligations, which means they are subordinated to certain other obligations of Sempra and are treated as a separate class of registered securities from Sempra’s common stock. The filings also show that Sempra’s regulated utility subsidiaries, including San Diego Gas & Electric Company and Southern California Gas Company, are separate registrants and are not themselves issuers of SREA.

Within Sempra’s SEC reports, SREA is presented as part of the company’s capital structure, alongside common equity and other securities. The filings reference SREA in the context of Sempra’s overall financing, including discussions of cost of capital and regulatory matters that affect Sempra and its subsidiaries. These documents also outline a range of risk factors and regulatory considerations that can influence Sempra’s financial condition and, by extension, its outstanding securities such as SREA.

The same filings describe Sempra’s exposure to regulatory decisions by bodies such as the California Public Utilities Commission, as well as legislative developments related to wildfire risk, capital recovery mechanisms and cost of capital frameworks. While these discussions are focused on Sempra and its utility subsidiaries, they provide context for the environment in which Sempra manages its capital structure and registered securities, including the Sempra 5.75% Junior Subordinated Notes due 2079.

Trading and registration

In the SEC tables of securities registered pursuant to Section 12(b) of the Exchange Act, Sempra identifies:

• Title of each class: Sempra 5.75% Junior Subordinated Notes Due 2079, $25 par value
• Trading symbol: SREA
• Name of each exchange on which registered: New York Stock Exchange

This confirms that SREA is an exchange-listed security and is part of Sempra’s registered securities portfolio. The filings also identify Sempra as incorporated in California with a specific Commission File Number and IRS Employer Identification Number, reinforcing that SREA is tied directly to Sempra as the registrant.

Regulatory and risk context

Sempra’s Form 8-K filings that reference SREA also include extensive forward-looking statements and risk factor discussions. These cover topics such as wildfire-related liabilities in California, regulatory decisions affecting cost recovery and cost of capital, access to capital resources, and broader economic and policy uncertainties. While these sections are not specific to SREA alone, they describe the environment in which Sempra operates and manages its obligations, including its junior subordinated notes.

The filings further explain that Sempra and its subsidiaries are subject to decisions, audits, and regulatory actions by agencies including the California Public Utilities Commission and various U.S. and international regulators. They also note that Sempra’s infrastructure and utility businesses face risks from wildfires, climate-related policies, cybersecurity threats, and other operational and financial factors, all of which can influence the company’s overall financial profile and its ability to meet obligations on its registered securities.

Relationship to Sempra’s utilities and infrastructure businesses

In the same reports where SREA is listed, Sempra describes its relationship to San Diego Gas & Electric Company and Southern California Gas Company as subsidiaries, and distinguishes those entities from Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P.I. de C.V. The filings state that these entities are not the same companies as the California utilities and are not regulated by the California Public Utilities Commission. This distinction clarifies that SREA is a security of the parent company, Sempra, rather than of any individual subsidiary.

Other sections of the filings discuss transactions such as a purchase and sale agreement involving Sempra Infrastructure Partners and investor groups, as well as capital commitments and distribution arrangements at the infrastructure partnership level. These transactions are described in the context of Sempra’s broader capital allocation and partnership structures, which form part of the backdrop for Sempra’s financing and registered securities, including SREA.

Use of SEC filings for SREA research

Investors researching Sempra 5.75% Junior Subordinated Notes due 2079 (SREA) can refer to Sempra’s SEC filings, where SREA is consistently identified as a registered class of securities. These filings provide details about Sempra’s regulatory environment, risk factors and capital structure, all of which are relevant for understanding the context in which SREA exists. The reports also explain that Sempra’s forward-looking statements are subject to numerous uncertainties, and they direct readers to additional SEC reports for further information.

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