Cramer Backs Sempra as LNG Expansion and $10 Billion Deal Boost Outlook

Core Insights - Sempra has made a final investment decision for Port Arthur LNG Phase 2, which will add two trains and a capacity of 13 million tons per annum (Mtpa) [2] - The company is selling a 45% equity interest in Sempra Infrastructure Partners to KKR affiliates and the Canada Pension Plan Investment Board for approximately $10 billion, which is expected to enhance its equity position [3] Investment Decision - The estimated capital expenditure for Port Arthur LNG Phase 2 is $14 billion, with Sempra Infrastructure holding a 50.1% majority share [2] - Jim Cramer has expressed strong support for Sempra, despite its relatively low yield of 3%, emphasizing the company's leadership under CEO Jeff Martin [4] Company Overview - Sempra is a North American energy infrastructure holding company established in 1998, focusing on regulated utilities and large-scale infrastructure projects, including electric and natural gas delivery [5]