Exclusive: Activist Voss Capital urges Sempra to spin off Texas electricity unit Oncor, letter says

Activist investor Voss Capital ​has urged Sempra to spin off its Oncor electricity unit, creating a high-growth Texas-focused utility unencumbered by the $60 ‌billion energy giant's predominant California business, according to sources familiar with the matter and a letter seen by Reuters on Thursday.

Reuters • May 28, 2026

Sempra: Oncor's 127 GW Pipeline Could Redefine Its Earnings Power

I am rating Sempra a Strong Buy because Oncor's 127 GW qualifying load forecast creates a much larger long-term transmission and distribution opportunity for the company. The biggest growth driver is Oncor's large-load opportunity in Texas. I estimate that if only 20 GW of Oncor's 127 GW load converts, it could create $17 billion of incremental rate base. My price target is $163, representing a 76% potential upside. I arrive at the PT by using a 21x FWD earnings multiple and a 2030 EPS estimate of $7.74.

Seeking Alpha • May 13, 2026

Sempra Declares Common Dividend

SAN DIEGO, May 13, 2026 /PRNewswire/ -- Sempra (NYSE: SRE) today announced that its board of directors has declared a $0.6575 per share quarterly dividend on the company's common stock, which is payable July 15, 2026, to common stock shareholders of record at the close of business on June 25, 2026. About Sempra Sempra's mission is to build America's leading utility growth business.

PRNewsWire • May 13, 2026

SoCalGas Urges Shareholders to Vote FOR Retirement of All Outstanding Shares of Preferred Stock at a Premium

A $31.00 per share cash payment represents a premium of more than 20% over the recent market prices, estimated fair value, and par value of the shares   LOS ANGELES, May 12, 2026 /PRNewswire/ -- Southern California Gas Company (SoCalGas) (OTCQB: SOCGP) (OTC PINK: SOCGM), a subsidiary of Sempra (NYSE: SRE), today announced it will hold a Special Meeting of Shareholders (the "Special Meeting") on July 13, 2026. The anticipated record date for the Special Meeting is May 18, 2026, and only shareholders at the close of business on that date will be eligible to vote.

PRNewsWire • May 12, 2026

These 10 ‘HALO' stocks protect your portfolio from the AI bubble

These high capital-intensity, asset-heavy companies offer a proven hedge against tech-market volatility.

Market Watch • May 12, 2026

Sempra narrowly misses profit estimates on lower sales

Sempra narrowly missed Wall Street estimates for first-quarter profit on Thursday, as lower natural gas sales and weaker revenue at ​its California utilities outweighed gains from its Texas utility and ‌infrastructure businesses.

Reuters • May 7, 2026

Sempra (SRE) Q1 2026 Earnings Call Transcript

Sempra (SRE) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 7, 2026

Sempra Reports First-Quarter 2026 Results

SAN DIEGO, May 7, 2026 /PRNewswire/ -- Sempra (NYSE: SRE) today reported first-quarter 2026 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $1.04 billion or $1.58 per diluted share, compared to first-quarter 2025 GAAP earnings of $906 million or $1.39 per diluted share. On an adjusted basis, first-quarter 2026 earnings were $991 million or $1.51 per diluted share, compared to $942 million or $1.44 per diluted share in 2025.

PRNewsWire • May 7, 2026

ONCOR REPORTS FIRST QUARTER 2026 RESULTS

DALLAS, May 7, 2026 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported net income of $212 million for the three months ended March 31, 2026, compared to net income of $181 million in the three months ended March 31, 2025. The increase in net income of $31 million was driven by overall higher revenues primarily attributable to an increase in revenues recognized related to the Unified Tracker Mechanism ("UTM") and the System Resiliency Plan ("SRP"), updated interim rates to reflect increases in invested capital, and customer growth, partially offset by lower customer consumption, primarily attributable to milder weather, higher interest expense and depreciation expense associated with increases in invested capital, and higher operation and maintenance expense.

PRNewsWire • May 7, 2026

Sempra (SRE) Q1 Earnings Match Estimates

Sempra (SRE) came out with quarterly earnings of $1.51 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $1.44 per share a year ago.

Zacks Investment Research • May 7, 2026