Sempra’s SoCalGas Issues $650 Million Long-Term Bonds
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An announcement from Sempra Energy ( (SRE) ) is now available.
On May 11, 2026, Southern California Gas Company entered into an underwriting agreement with a syndicate of investment banks to issue $650 million of 5.900% First Mortgage Bonds, Series FFF, due 2056. The bonds were priced at 99.536% of face value for a registered public offering under the utility’s existing shelf registration with the U.S. Securities and Exchange Commission.
The transaction signals the company’s continued use of long-dated secured debt to finance its operations and capital needs while potentially locking in funding costs over a 30-year horizon. The move may influence its capital structure and interest obligations over the long term, with implications for investors in both the bonds and the broader Sempra capital stack.
The most recent analyst rating on (SRE) stock is a Buy with a $106.00 price target. To see the full list of analyst forecasts on Sempra Energy stock, see the SRE Stock Forecast page.
Spark’s Take on SRE Stock
According to Spark, TipRanks’ AI Analyst, SRE is a Neutral.
The score is held back primarily by weak cash-flow quality (deeply negative free cash flow) and a leveraged balance sheet, despite solid utility-like profitability. Recent technical indicators are also soft and weigh on near-term outlook. Offsetting these, valuation is reasonable and the latest earnings call was constructive with reaffirmed guidance and regulatory progress supporting longer-term growth visibility.
To see Spark’s full report on SRE stock, click here.
More about Sempra Energy
Sempra Energy, through its indirect subsidiary Southern California Gas Company, operates in the regulated utilities sector, focusing on natural gas distribution and related infrastructure in the U.S. market. The company raises long-term capital in public debt markets to support its utility operations, infrastructure investments and balance sheet management, reflecting its role as a major regional energy provider.
Average Trading Volume: 3,453,327
Technical Sentiment Signal: Buy
Current Market Cap: $59.83B
Learn more about SRE stock on TipRanks’ Stock Analysis page.
