Sempra sells $10 billion stake in unit, greenlights Port Arthur expansion project
Group 1 - Sempra will sell a 45% equity interest in its infrastructure unit for $10 billion in cash and has approved a $14 billion expansion of its Port Arthur LNG project in Texas [1][2] - The deal will result in a KKR-led consortium becoming the majority owner of Sempra Infrastructure Partners with a 65% stake, while Sempra will retain a 25% interest [2] - The transaction implies an equity value of $22.2 billion for Sempra's unit and is expected to close between the second and third quarters of 2026 [3] Group 2 - Sempra expects the deal to add approximately 20 cents to annual earnings per share starting from 2027 [3] - Following the announcement, Sempra's shares increased by 3.2% to $85 in premarket trading [3]