Every 8-K that Sempra Energy (SRE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SRE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRE filings page.
Sempra reported markedly higher second-quarter 2026 results. GAAP earnings were $796 million, or $1.21 per diluted share, compared with $461 million, or $0.71, a year earlier. Adjusted earnings were $762 million and adjusted EPS $1.16, versus $583 million and $0.89 in 2025. For the first six months of 2026, GAAP earnings were $1.833 billion (EPS $2.80) and adjusted earnings $1.753 billion (EPS $2.67), up from $1.367 billion (EPS $2.09) and $1.525 billion (EPS $2.34) in the prior-year period.
Operating cash flow rose to $3.117 billion for the first half of 2026. The company highlighted a record $65 billion 2026–2030 capital plan, with 95% directed to its Texas and California utilities, and ongoing regulatory and growth tailwinds at Oncor and the California utilities. Sempra updated its 2026 GAAP EPS guidance to $5.02–$5.55, affirmed 2026 adjusted EPS guidance of $4.80–$5.30, affirmed its 2027 EPS guidance of $5.10–$5.70, and reaffirmed a projected 7%–9% long‑term EPS growth rate. Planned sales of a 45% interest in Sempra Infrastructure Partners to KKR affiliates and of Ecogas México are described as progressing toward expected 2026 closings.
Sempra announced a leadership change in its finance organization. The board appointed Justin C. Bird as Executive Vice President and Chief Financial Officer, effective on a to‑be‑determined date around the closing of Sempra’s planned sale of a portion of its equity interest in Sempra Infrastructure Partners, LP, which is expected in the third quarter of 2026.
Bird, 55, has held senior roles across Sempra companies for more than two decades, most recently serving as an Executive Vice President of Sempra and as Chief Executive Officer of Sempra Infrastructure and its predecessor LNG business. His compensation is not expected to change with this appointment, which follows the structure described in Sempra’s 2026 proxy statement.
Bird will succeed Karen L. Sedgwick, who has been appointed Chief Executive Officer and President of Southern California Gas Company, with an effective date concurrent with Bird’s. The report also includes extensive forward-looking statements and outlines numerous risk factors, including California wildfire exposure, regulatory decisions, large project execution, capital markets conditions, climate and policy changes, and cybersecurity threats.
Sempra closed a public debt offering of $1,000,000,000 aggregate principal amount of its Floating Rate Notes due 2028. The notes were sold to underwriters for resale at a public offering price of 100.000% of principal, generating approximately $998.5 million in proceeds after underwriting discounts and before estimated offering expenses of about $1.7 million.
The notes bear interest at a floating rate equal to Compounded SOFR plus 0.670% per year, with interest accruing from June 9, 2026 and payable quarterly on April 7, July 7, October 7 and January 7, starting October 7, 2026. The notes mature on January 7, 2028 and are not redeemable at Sempra’s option before maturity. They were issued under Sempra’s existing shelf registration statement and an indenture dated February 23, 2000.
Sempra reported the results of its 2026 Annual Shareholders Meeting held on May 12, 2026. Shareholders elected all eleven director nominees, each receiving more than 93% of votes cast and, for several nominees, around 99% support, indicating strong backing for the existing board.
Shareholders also ratified Deloitte & Touche LLP as independent registered public accounting firm for 2026, with 547,934,091 votes for and 93.74% of votes cast in favor. In an advisory vote, 87.52% of votes supported the company’s executive compensation program. A shareholder proposal requesting an independent board chairman was not approved, with 83.18% of votes cast against.
Sempra reports that the Public Utility Commission of Texas approved a final order in the comprehensive base rate review for its majority-owned subsidiary Oncor. The order sets an annual revenue requirement of about $6.97 billion, an increase of roughly $560 million, or 8.7%, over Oncor’s adjusted annualized revenues.
The decision also improves Oncor’s authorized regulatory return, including a 9.75% return on equity and a 4.94% cost of debt, and modestly shifts its capital structure toward equity. The order increases the self-insurance reserve accrual in rates to $200 million annually, and allows a 2026 surcharge to recover higher rates retroactive to January 1, 2026.
Sempra reports that its subsidiary San Diego Gas & Electric Company has filed an unopposed settlement offer in its TO6 transmission rate proceeding before FERC. The settlement would raise SDG&E’s authorized base return on equity from 10.10% to 10.28% and set a hypothetical capital structure with 54% equity.
The terms are subject to FERC approval, which is expected in the second half of 2026, and would be effective retroactive to June 1, 2025. Sempra expects the impact on diluted EPS for 2026 and 2027 to fall within its previously announced guidance ranges.
San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed a public offering of first mortgage bonds totaling $1.1 billion. The company sold $625 million of 5.200% Series DDDD Bonds due 2036 and $475 million of 5.950% Series EEEE Bonds due 2056, both issued under its Form S-3 shelf registration.
Proceeds to the company, after underwriting discounts but before approximately $2.6 million of offering expenses, are 99.104% of the Series DDDD principal amount and 98.517% of the Series EEEE principal amount. Interest on both series accrues from March 20, 2026 and is payable semiannually on March 15 and September 15, beginning September 15, 2026, with both series redeemable before maturity on the terms described in the filed supplemental indentures.
San Diego Gas & Electric Company, an indirect subsidiary of Sempra, entered into an underwriting agreement to issue and sell $625,000,000 of 5.200% First Mortgage Bonds, Series DDDD, due 2036 and $475,000,000 of 5.950% First Mortgage Bonds, Series EEEE, due 2056.
The bonds will be resold by underwriters in a registered public offering under an existing shelf registration on Form S-3, at public offering prices of 99.754% and 99.392% of their respective aggregate principal amounts. The transaction is documented in an underwriting agreement filed as an exhibit.
Sempra disclosed that on March 13, 2026 it closed a public offering of $800,000,000 aggregate principal amount of its 5.250% Notes due 2036. Proceeds to the company were approximately $793.4 million after underwriting discounts and before estimated $2.0 million of offering expenses.
The notes were issued under Sempra’s effective Form S-3 shelf registration and sold to a syndicate of underwriters for resale at 99.823% of principal amount. The notes bear interest at 5.250% per year, payable semi-annually on March 15 and September 15, starting September 15, 2026, and mature on March 15, 2036. They are redeemable prior to maturity at redemption prices described in the related officers’ certificate and indenture.
Sempra reports that its majority-owned utility, Oncor Electric Delivery Company LLC, has filed an unopposed comprehensive settlement in its Texas base rate review, seeking Public Utility Commission of Texas approval. The stipulation sets an annual revenue requirement of about $6.975 billion, an 8.8% increase over Oncor’s adjusted annualized present revenues, which Oncor estimates would add roughly $560 million in annualized revenue.
The settlement also proposes a revised regulatory capital structure of 56.5% debt and 43.5% equity, an authorized return on equity of 9.75%, and an authorized cost of debt of 4.94%. It includes a higher annual storm and self-insurance reserve in rates of $200 million and a five-year amortization period for certain regulatory assets and liabilities. The Texas commission may adopt, modify, or reject the settlement, and Oncor currently expects positive effects on future earnings, cash flow, and credit metrics if the stipulation is approved and new rates, including surcharges back to January 1, 2026, are implemented.
Sempra reports that the California Public Utilities Commission has issued proposed decisions affecting its utilities San Diego Gas & Electric (SDG&E) and Southern California Gas Company (SoCalGas).
For SDG&E’s 2024 General Rate Case Track 2, the proposal approves $1,036 million of $1,472 million in requested wildfire mitigation costs incurred from 2019 through 2022, including $91 million of operation and maintenance costs and $945 million of capital costs. It authorizes a total Track 2 revenue requirement of $721 million for 2019 through 2027, compared with SDG&E’s request of $1,148 million, and would allow SDG&E to collect $431 million from 2026 through 2028 after previously authorized interim recovery in 2024 and 2025.
A separate Cost of Capital proposal for 2026–2028 maintains the 52% equity capital structure for both SDG&E and SoCalGas but sets a return on common equity that is 35 basis points lower than the current level, with total weighted returns on rate base of 7.39% for SDG&E and 7.49% for SoCalGas. Both proposed decisions remain subject to comments and a CPUC vote, with the earliest possible vote date on December 18, 2025.
Sempra furnished an 8‑K announcing financial results for the three and nine months ended September 30, 2025. The company attached a news release as Exhibit 99.1 and segment Statements of Operations data as Exhibit 99.2.
The disclosure was made under Item 2.02 and is expressly stated as furnished, not filed. San Diego Gas & Electric Company and Southern California Gas Company are co‑registrants. Listed securities include Sempra common stock (SRE) and 5.75% Junior Subordinated Notes due 2079 (SREA).
Sempra Infrastructure Partners approved a positive final investment decision for PA LNG Phase 2 and executed a near-50/50 investor equity subscription to fund the project. The project has definitive 20-year offtake agreements aggregating 10 Mtpa with named counterparties and additional long-term incremental offtake up to 0.75 Mtpa. A JVCo issued 49.9% to an investor consortium led by Blackstone Credit & Insurance for $3.4 billion funded now and $3.6 billion on a scheduled basis; Sempra holds 50.1% and will provide up to $7.8 billion of capital commitments for its share of construction costs. Distributions initially allocate 59.9% to Investor Members and 40.1% to Sempra's JVCo Member. The agreement includes rights that require a lump-sum payment to investors if certain events occur and allows the JVCo Member to repurchase investor interests after such payment. Separately, the Guaymas-El Oro pipeline segment remains a Sole Risk Project of Sempra with PP&E of approximately $400 million at 2Q 2025. The amended LPA restricts Sempra unit transfers before January 1, 2029, and includes customary co-sale, drag-along and registration rights.
Sempra and SDG&E describe key provisions of California's 2025 Wildfire Legislation and a new Continuation Account that would add up to $18 billion of wildfire liquidity. The Continuation Account activates if all large IOUs join and certain depletion or claim thresholds occur and would be funded by $9 billion of ratepayer bonds plus $5.1 billion of electric IOU shareholder contributions. SDG&E expects to elect participation and estimates its shareholder obligation at $387 million through 2045, split into $219.3 million fixed and $167.7 million contingent amounts. The law also caps non‑earnings wildfire mitigation capital at $6 billion with SDG&E's share limited to $258 million. Reimbursement from the account is subject to CPUC reasonableness reviews and does not cover fires before the law's effective date.
Sempra completed a public offering of $800 million aggregate principal amount of its 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056. After underwriting discounts and before approximately $1.4 million of offering expenses, proceeds to the company were about $792.0 million.
The company intends to use the net proceeds to pay a portion of the cost to redeem all outstanding shares of its 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C, subject to board approval. The notes pay 6.375% interest per year until April 1, 2031, then reset every five years to the Five-year U.S. Treasury Rate plus 2.632%, with a minimum rate of 6.375%.
Interest starts accruing on August 29, 2025 and is payable semi-annually on April 1 and October 1, beginning April 1, 2026, with final maturity on April 1, 2056. Sempra may defer interest payments within set limits and has optional redemption rights starting 90 days before April 1, 2031 and on interest payment dates thereafter, at 100% of principal plus accrued interest, subject to specified conditions.
Sempra announced significant leadership changes effective July 5, 2025. Caroline A. Winn has been promoted to executive vice president of Sempra, overseeing SoCalGas and SDG&E. She will step down as SDG&E's CEO but remain as non-executive chairman of SDG&E's board while also joining SoCalGas's board as non-executive chairman.
Key Personnel Changes:
- Peter R. Wall will resign as senior VP, controller and chief accounting officer of Sempra and SoCalGas director
- Dyan Z. Wold (age 50) promoted to VP, controller and chief accounting officer of Sempra with an annual salary of $365,000
- Karen L. Sedgwick will continue serving as director for both SoCalGas and SDG&E
Wold brings nearly 20 years of experience with Sempra companies, previously serving as VP and controller at Sempra Infrastructure Partners since 2021 and chief accounting officer since September 2023. She will receive executive benefits comparable to similarly situated officers at Sempra.
Sempra (SRE) announced a significant regulatory development in Texas through House Bill 5247, which introduces the "unified tracker mechanism" (UTM) for electric utilities. The law, effective June 20, 2025, creates an alternative method for qualifying utilities to recover transmission and distribution (T&D) capital expenditures through 2035.
Key impacts include:
- Oncor Electric Delivery Company (80.25% owned by Sempra) expects to qualify for UTM
- The mechanism is projected to improve Oncor's earnings by 50-100 basis points in annual return on equity
- Oncor plans its first UTM filing in H1 2026 to recover costs for eligible T&D investments placed into service after December 31, 2024
- The company will begin recognizing accrued revenues and regulatory assets immediately for eligible investments
Sempra affirmed that the UTM's financial impact falls within previously announced 2025 and 2026 EPS guidance ranges. This regulatory change represents a significant improvement in Oncor's ability to recover capital investments more efficiently through a comprehensive annual filing process.