# If Sempra moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/sempra · Facet: ripple · Updated: 2026-09-11T22:25:33.760129+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Sempra is directly linked to 4 companies (0 supply, 3 revenue, 1 investment relationships) and reaches 8 companies within two hops; the links are backed by 11 dated sources, 4 of them primary filings (as of 2026-09-11).

Sempra operates across North American utilities and LNG. It is -3.5% in 2026. The demand side (avg +88.9%) leads the stock (-3.5%), so customer moves come first here. Among connected nodes the furthest ahead is Valero Energy Corporation (+131.1%) and the furthest behind is ConocoPhillips (+46.6%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It invests in grid modernization and LNG liquefaction projects, paying major EPC contractors and the associated equipment and construction supply chain.

## Demand chain (leading)
- T1 EQT Corporation (https://valuechain.wiki/eqt.md)
- T1 ConocoPhillips (https://valuechain.wiki/conocophillips.md)
- T2 Sinopec Corp (https://valuechain.wiki/sinopec.md)
- T2 Atmos Energy Corporation (https://valuechain.wiki/atmos-energy.md)
- T1 Valero Energy Corporation (https://valuechain.wiki/valero-energy.md)
- T2 Southwest Airlines (https://valuechain.wiki/southwest-airlines.md)

## Supply chain (benefiting)
- T1 KKR & Co. (https://valuechain.wiki/kkr-co.md)
- T2 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T3 Alphabet (Google) (https://valuechain.wiki/alphabet.md)

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