$SRE · SEMPRA
On November 12, 2026, Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners, LP to KKR Partners (KKR affiliates and Canada Pension Plan Investment Board). Sempra received $4.56B in cash at closing, with the remainder via promissory notes: $4.14B (plus 7.5% interest, totaling $4.51B) maturing December 31, 2027, and $1.20B (plus 8.5% then 10.0% interest, totaling $2.31B if held to maturity) maturing February 11, 2034. Sempra expects a pre-tax gain of $2.80B-$3.30B ($2.00B-$2.40B after tax) and additional transaction costs of $450M-$550M. Following the sale, KKR Partners own 65%, Sempra retains 25%, and ADIA holds 10%; Sempra deconsolidated SI Partners and will use equity-method accounting. The filing also confirms Justin C. Bird becomes CFO effective November 13, 2026, succeeding Karen L. Sedgwick.
- Sempra received $4.56B in cash proceeds at closing, subject to post-closing adjustments.
- Expected pre-tax gain of $2.80B-$3.30B ($2.00B-$2.40B after tax).
- Additional transaction costs estimated at $450M-$550M ($325M-$400M after tax).
- KKR Partners now own 65% of SI Partners; Sempra retains 25% and ADIA 10%.
- Justin C. Bird becomes CFO effective November 13, 2026, replacing Karen L. Sedgwick.
Price data unavailable.
A multi-billion-dollar infrastructure monetization that reshapes Sempra's balance sheet and triggers a CFO transition.
Sempra continues monetizing its infrastructure platform to KKR-led investors, retaining a 25% equity-method stake in the Sempra Infrastructure segment.
The gain and cost estimates are preliminary and could differ materially; deferred note payments depend on KKR Partners' equity commitment letters and third parties honoring obligations.