Southern California Gas Company Files Cross-Claims Against Edison for Damages in Eaton Fire Litigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23h ago
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Source: Newsfilter
- Litigation Update: Southern California Gas Company filed cross-claims against Edison on January 16, 2026, in the Eaton fire litigation, indicating the company's intent to vigorously defend its position, which may negatively impact its reputation and financial standing.
- Insurance Recovery Strategy: SoCalGas plans to utilize its wildfire insurance to cover damages related to the Eaton fire, demonstrating the company's financial preparedness and risk management capabilities in response to emergencies.
- Infrastructure Restoration Efforts: Over the past year, SoCalGas has worked closely with local and state officials to assess fire impacts on its infrastructure and successfully restored service to thousands of customers, enhancing its reputation in crisis management.
- Market Leadership: As the largest gas distribution utility in the U.S., serving over 21 million consumers, SoCalGas remains committed to safe, reliable, and affordable energy delivery, solidifying its leadership position in California's energy market.
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: 85.980
Low
89.00
Averages
100.58
High
115.00
Current: 85.980
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.
