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 Plan Investment Board. Pending the necessary regulatory approvals, the deal is expected to close in the second or third quarter of 2026.

The $10 billion from the sale will bolster Sempra’s balance sheet, improve its credit profile, boost its capital spending programs and help the company “transition to a leading U.S. utility growth business,” Se

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