# Who are Sempra's customers? Who does Sempra earn revenue from?
Canonical: https://valuechain.wiki/sempra · Facet: customers · Updated: 2026-09-11T22:25:33.760129+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Sempra's confirmed revenue counterparties include ConocoPhillips, EQT Corporation, Valero Energy Corporation. Per the valuechain.wiki graph: 3 revenue edges, backed by 5 dated sources, 2 of them primary filings (as of 2026-09-11).

### KKR & Co. (high)  → /kkr-co.md
- metric: Contract value $10B · Sempra Infrastructure Partners 45% equity sale agreement · Aggregate base purchase price for the equity sale to KKR affiliates and a co-investor
- note: Sempra agreed to sell a 45% interest and all general-partner interests in Sempra Infrastructure Partners to KKR affiliates and a co-investor for a $9.99 billion base price. As of August 6, 2026, the transaction remained pending and was expected to close in the third quarter of 2026.
- [confirms] Energy Analytics Institute (EN, news, published 2026-08-06) https://energy-analytics-institute.org/2026/08/06/sempra-infrastructure-says-45-equity-divestment-to-kkr-on-track-to-close-in-3q26/: "The 45% equity sale to KKR remained on track for a third-quarter 2026 close."
- [confirms] SEC EDGAR (EN, filing, published 2026-05-07) https://www.sec.gov/Archives/edgar/data/1032208/000103220826000030/sre-20260331.htm: "Sempra agreed to sell a 45% equity interest for $9.99 billion."
- [confirms] Maeil Business Newspaper (KO, news, published 2026-02-27) https://www.mk.co.kr/news/stock/11973802: "Sempra entered into a strategic transaction to sell a 45% stake in Sempra Infrastructure Partners to KKR affiliates for $10 billion."

### 코노코필립스 (high)  → /conocophillips.md
- metric: Count 4 Mtpa · Port Arthur LNG Phase 2 20-year SPA · ConocoPhillips annual offtake volume from Port Arthur LNG Phase 2
- note: ConocoPhillips is a cornerstone customer for Port Arthur LNG Phase 2 under a 20-year agreement covering 4 Mtpa. The relationship also includes 5 Mtpa of Phase 1 offtake and a 30% Phase 1 equity interest.
- [confirms] SEC EDGAR (EN, filing, published 2025-09-22) https://www.sec.gov/Archives/edgar/data/1032208/000103220825000055/sempra-20250922.htm: "Definitive 20-year agreements with ConocoPhillips became effective upon reaching FID."
- [confirms] Sempra (EN, ir, published 2025-08-21) https://www.sempra.com/newsroom/press-releases/sempra-and-conocophillips-extend-partnership-offtake-agreement-port-arthur: "The companies signed a definitive 20-year SPA for 4 Mtpa of LNG."

### EQT Corporation (high)  → /eqt.md
- metric: Count 2 Mtpa · Port Arthur LNG Phase 2 20-year SPA · EQT annual offtake volume from Port Arthur LNG Phase 2
- note: EQT will purchase 2 Mtpa from Port Arthur LNG Phase 2 for 20 years. The free-on-board contract is indexed to Henry Hub.
- [confirms] SEC EDGAR (EN, filing, published 2025-09-22) https://www.sec.gov/Archives/edgar/data/1032208/000103220825000055/sempra-20250922.htm: "The definitive 20-year agreement with EQT LNG Trading became effective."
- [confirms] Sempra Infrastructure (EN, ir, published 2025-08-27) https://semprainfrastructure.com/news-and-events/news-releases/sempra-infrastructure-and-eqt-announce-long-term-lng-supply-agreement-from-port-arthur-lng-phase-2/: "EQT will purchase 2 Mtpa of LNG for 20 years at a Henry Hub-indexed price."

### 발레로 에너지 (high)  → /valero-energy.md
- note: Sempra provides Valero with exclusive use of three Veracruz and inland terminals operated by its Mexican affiliate IEnova under long-term agreements, which Valero accounts for as finance leases without separately disclosing the service payments to Sempra.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-25) https://www.sec.gov/Archives/edgar/data/1035002/000162828026011499/vlo-20251231.htm: "We have terminaling agreements with Central Mexico Terminals."
- [confirms] Sempra (EN, ir, published 2017-08-03) https://www.sempra.com/newsroom/press-releases/sempra-energys-ienova-unit-valero-sign-contracts-liquid-fuels-projects: "IEnova signed long-term contracts with a subsidiary of Valero Energy Corp."

Reverse side: https://valuechain.wiki/sempra/suppliers.md · Ripple: https://valuechain.wiki/sempra/ripple.md

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Full node: https://valuechain.wiki/sempra.md · JSON: https://valuechain.wiki/sempra.json