Sempra signs 20-year U.S. LNG supply deal with Petrobras (SRE:NYSE)

Sempra (SRE) CEO and board rang the NYSE opening bell, announcing a $65B capital plan. Sempra completed the sale of Ecogas México for $500M and is selling a 45% stake in Sempra Infrastructure Partners. WD-40 (WDFC) announced Keth Stauffer as new CFO, effective Nov. 2, with Sara Hyzer transitioning to division president.

Sempra Infrastructure signed a 20-year LNG supply deal with Petrobras for 800,000 tonnes per year, sourced from its Port Arthur LNG Phase 2 project in Texas. The agreement adds Petrobras as Sempra's first South American LNG customer. Port Arthur Phase 2, with a $14 billion estimated cost, is set to add 13 million tonnes per annum of liquefaction capacity and begin operations in 2030-2031. Sempra has previously secured LNG agreements with ConocoPhillips, JERA, and EQT for Phase 2.

Sempra Infrastructure, a Sempra (SRE) subsidiary, signed a 20-year LNG supply deal with Petrobras, supplying 0.8 Mtpa from its Port Arthur LNG Phase 2 project. The project, under construction, aims to expand liquefaction capacity to 26 Mtpa by 2031. Sempra Infrastructure highlights the strategic role in global energy markets.

U.S. LNG exports rose 23% to 17.4 Bcf/d in H1 2026, driven by new terminals like Venture Global's Plaquemines and Cheniere Energy's Corpus Christi Stage 3, adding 4 Bcf/d. ExxonMobil's Golden Pass LNG began exports, with more capacity expected. EIA forecasts 17.4 Bcf/d for 2026. Global demand and disruptions boosted prices.

Sempra (SRE), a $55B energy infrastructure company, has underperformed the Dow Jones Industrials Average, with shares down 16.8% from its 52-week high and 4.8% year-to-date. Despite better-than-expected Q2 adjusted EPS, revenue missed estimates, and long-term debt increased. Analysts maintain a 'Strong Buy' rating with a mean price target of $101.67, a 21% premium to current levels.

Sempra Energy (SRE) trades near 52-week lows at $84.30, yielding 3.1%. A California wildfire bill sparked a selloff, with mixed analyst reactions. Bulls cite a 14% P/E discount, while bears point to wildfire risks and high debt. Analysts' average price target is $98. The ex-dividend date is Sep 23, 2026.