SoCalGas Files Cross-Claims in Eaton Fire Litigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
The company stated yesterday: "On January 16, 2026, Southern California Edison (Edison) filed cross-claims in the ongoing Eaton Fire litigation against more than a dozen defendants, including Southern California Gas Company (SoCalGas). Edison has acknowledged its role in the Eaton fire for the better part of a year now. SoCalGas intends to vigorously defend against what it considers to be Edison's attempts to deflect responsibility and accountability. SoCalGas will likewise vigorously defend how it operated its system in response to this emergency event. SoCalGas also intends to pursue recovery from Edison for damages to the SoCalGas system through all available causes of action and remedies. SoCalGas is reviewing the allegations in the cross-complaint. SoCalGas has insurance, including wildfire insurance, and intends to pursue coverage for the damages related to its system as well as coverage to defend both Edison's claims in the Eaton fire litigation and pending lawsuits brought by individual plaintiffs related to the Palisades fire."
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Analyst Views on SRE
Wall Street analysts forecast SRE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SRE is 100.58 USD with a low forecast of 89.00 USD and a high forecast of 115.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 87.100
Low
89.00
Averages
100.58
High
115.00
Current: 87.100
Low
89.00
Averages
100.58
High
115.00
About SRE
Sempra is a North American energy infrastructure company. The Company's businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers. Its segments include Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides natural gas and electric service to Southern California and part of central California through its subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities segment holds its investment in Oncor Holdings, which owns an over 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas, and its indirect 50% interest in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border. The Sempra Infrastructure segment develops, builds, operates and invests in energy infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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