SRENYSEutilities

Sempra

$94.41上涨+0.21 (+0.22%)

研究复核截至: 2026年7月12日上午12:00 [UTC]

研究概览

Sempra operates in Multi-Utilities within the utilities sector. This profile tracks its company-specific earnings drivers, valuation conditions, and primary-source risks.

開盤: 94.55
最高: 95.33
最低: 93.97
市值: 617.17億
本益比: 32.11
52 週高點: --
股息: 2.790%
季度股利金額: --

近 3 个月价格

這裡展示近 3 個月價格走勢，幫助使用者先理解短期結構，再決定是否進入完整研究工作台。

投资论点

基础情景: Infrastructure investment at SDG&E, SoCalGas and Oncor can support regulated rate-base growth. The base case remains conditional on wildfire and climate exposure staying manageable.
多头情景: Infrastructure investment at SDG&E, SoCalGas and Oncor can support regulated rate-base growth. Population, industrial and data-center growth in Texas can create additional transmission and distribution needs at Oncor. Advancing contracted LNG infrastructure can add long-duration cash-flow sources if projects reach commercial operation.
空头情景: Wildfire liability, prevention spending and severe-weather impacts can create substantial costs and regulatory uncertainty. Utility investment recovery can be delayed or reduced when regulators balance system needs against customer affordability. LNG projects face permitting, construction, financing, counterparty and global gas-market risks.
论点失效条件

关键催化剂

California and Texas utility investment
Infrastructure investment at SDG&E, SoCalGas and Oncor can support regulated rate-base growth.
Texas electricity demand
Population, industrial and data-center growth in Texas can create additional transmission and distribution needs at Oncor.
LNG infrastructure execution
Advancing contracted LNG infrastructure can add long-duration cash-flow sources if projects reach commercial operation.

主要风险

Wildfire and climate exposure
Wildfire liability, prevention spending and severe-weather impacts can create substantial costs and regulatory uncertainty.
Regulation and affordability
Utility investment recovery can be delayed or reduced when regulators balance system needs against customer affordability.
LNG construction and commercial risk
LNG projects face permitting, construction, financing, counterparty and global gas-market risks.

估值解读

The regulated utility base can support durable value if large investments earn timely recovery across distinct California and Texas frameworks.
LNG development adds optionality but also raises execution, financing and commodity-linked complexity beyond a conventional utility profile.