Sempra Energy

San Diego Gas & Electric provides natural gas and electricity to San Diego County and southern Orange County in southwestern California, United States. It is owned by Sempra Energy, a Fortune 500 energy services holding company based in San Diego. SDG&E is a regulated public utility that provides energy service to 3.3 million consumers through 1.4 million electric meters and more than 840,000 natural gas meters in San Diego and southern Orange counties. The utility's area spans 4,100 square miles. SDG&E employs about 5,000 people.

San Diego Gas & Electric

South California Gas Copany is the primary provider of natural gas to the region of Southern California. SoCalGas provides natural gas service for approximately 21.6 million customers, spanning roughly 20,000 square miles of California, extending from Visalia in the north to the Mexican border in the south. Gas service for San Diego County is provided by sister utility San Diego Gas & Electric, and Southwest Gas and the Long Beach Gas & Oil Department carve out small portions of the Southern California area for natural gas delivery.

Southern California Gas Company

Sempra is an energy-service holding company, which engages in the development and operation of energy infrastructure, and provision of electric and gas services. It operates through the following segments: Sempra California, Sempra Texas Utilities, Sempra Infrastructure, and All Other. The Sempra California segment offers natural gas and electric service to Southern California and part of central California through Sempra’s wholly owned subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities holds investment in Oncor Holdings. The Sempra Infrastructure includes the operating companies of subsidiary, SI Partners, as well as a holding company and certain services companies. The company was founded on October 11, 1996, and is headquartered in San Diego, CA.

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Sempra Energy reports strong Q1 earnings and outlines growth strategy

Sempra Energy's Q1 2023 Earnings Call highlighted strong financial performance, strategic investments, and a robust capital plan. The company's focus on growth, income generation, and sustainability initiatives positions it well for future success in the energy sector.

Sempra Energy reports strong Q2 earnings, eyes growth in utilities and LNG projects

Sempra Energy's Q2 2023 earnings call highlighted strong financial performance, strategic focus on regulated utilities, and growth opportunities in transmission and LNG projects. The company faces challenges in regulatory environments and capital decisions but remains optimistic about its future prospects.

Sempra Energy surpasses Q3 earnings expectations, eyes disciplined growth

Sempra Energy's Q3 performance exceeded expectations, driven by strong operational results and growth opportunities in North America. The company is focused on disciplined capital allocation, exploring new projects, and aiming for consistent long-term growth.

Sempra Energy posts record earnings, eyes growth in infrastructure projects

Sempra Energy's Q4 2023 earnings call highlighted robust financial performance, a significant capital plan, and a focus on sustainable growth. The company's strategic investments in infrastructure and commitment to cleaner energy solutions position it well for long-term success amidst challenges and opportunities in the energy sector.

Sempra Energy excels in Q1 2024, poised for growth and resilience

Sempra Energy's Q1 2024 Earnings Call showcased strong financial performance, strategic positioning in growth markets, and a commitment to shareholder value. Despite challenges in regulatory impacts and financing, the company remains focused on growth, resiliency, and delivering strong financial returns.

Sempra Energy reports robust Q2 earnings, eyes growth in Texas

Sempra Energy's Q2 2024 Earnings Call highlighted strong financial performance, growth prospects in California and Texas, and a commitment to sustainability. Addressing challenges such as project delays and costs will be key to sustaining momentum and capitalizing on opportunities.

Sempra Energy reports robust earnings, eyes LNG growth opportunities

Sempra Energy's Q3 2024 earnings call showcased solid financial performance, a focus on infrastructure investment, and growth opportunities in the LNG sector. While facing regulatory challenges and financing inquiries, the company remains optimistic about its future prospects, driven by strong leadership and strategic initiatives.

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SAN DIEGO , Nov. 14, 2024 /PRNewswire/ -- San Diego Gas & Electric Company (SDG&E) has once again been honored by PA Consulting for its continued excellence in reliability, marking the 19th consecutive year the company has received the prestigious ReliabilityOne® Award for Outstanding Reliability Performance in the Western Region. This year, SDG&E also received the additional System Resiliency Award, highlighting its commitment to robust grid operations and innovations that can adapt to an evolving climate landscape.

SDG&E Receives Top Honors for Outstanding Reliability in the West & National System Resiliency Award

LOS ANGELES , Nov. 14, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and GKN Hydrogen today announced the commissioning of a research demonstration project with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative clean renewable hydrogen storage solution. The project, which will be located at NREL's Flatirons Campus in Arvada, Colo.

SoCalGas, GKN Hydrogen and the National Renewable Energy Laboratory Begin Innovative Solid State Hydrogen Storage Demonstration Project

SAN DIEGO , Nov. 12, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized by TIME Magazine as one of the World's Best Companies for 2024. The recognition, presented by TIME and Statista Inc., places Sempra on a list of top performing companies across the globe based on employee satisfaction, revenue growth and sustainability transparency.

Sempra Named One of the World's Best Companies by TIME Magazine

LOS ANGELES , Nov. 12, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share   The dividends are payable on January 15, 2025, to shareholders of record on December 10, 2024. About SoCalGas SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California.

SoCalGas Declares Preferred Dividends

LOS ANGELES , Nov. 12, 2024 /PRNewswire/ -- As cooler weather approaches, Southern California Gas Company (SoCalGas) shares energy-saving tips and tools to help customers prepare their homes. "As we transition into the cooler months, SoCalGas is here to support our customers in managing their energy use and by participating in energy efficiency programs, while maintaining comfort throughout the season," said Don Widjaja, vice president, customer services field and solutions at SoCalGas.

SoCalGas Shares Five Simple Ways to Reduce Energy Use and Save

SAN DIEGO , Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2025, to common stock shareholders of record at the close of business on Dec. 5, 2024. About Sempra Sempra (NYSE: SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers.

Sempra Declares Common Dividend

Sempra (NYSE:SRE ) Q3 2024 Earnings Conference Call November 6, 2024 12:00 PM ET Company Participants Glen Donovan - SVP, Finance Jeff Martin - Chairman & Chief Executive Officer Karen Sedgwick - Executive Vice President & Chief Financial Officer Justin Bird - Executive Vice President and Chief Executive Officer of Sempra Infrastructure Allen Nye - Chief Executive Officer of Oncor Conference Call Participants Nick Campanella - Barclays Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Carly Davenport - Goldman Sachs Durgesh Chopra - Evercore ISI Steve Fleishman - Wolfe Operator Good day, and welcome to Sempra's Third Quarter Earnings Call. Today's conference is being recorded.

Sempra (SRE) Q3 2024 Earnings Call Transcript

SRE's total revenues of $2.78 billion decline 16.7% from the year-ago level. The top line also misses the Zacks Consensus Estimate by 27.5%.

Sempra Q3 Earnings Miss Estimates, Revenues Decline Y/Y

Sempra (SRE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.08 per share a year ago.

Sempra (SRE) Lags Q3 Earnings and Revenue Estimates

DALLAS , Nov. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2024 net income of $324 million compared to three months ended September 30, 2023 net income of $380 million. The $56 million decrease was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units and customer growth, net of lower revenues due to lower customer consumption primarily attributable to milder weather when compared to the prior period and lower energy efficiency program performance bonus revenues due to the timing of Public Utility Commission of Texas ("PUCT") approval of an annual energy efficiency cost recovery factor application.

Oncor Reports Third Quarter 2024 Results

SAN DIEGO , Nov. 6, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638 million, or $1.00 per diluted share, compared to third-quarter 2023 GAAP earnings of $721 million, or $1.14 per diluted share. On an adjusted basis, the company's third-quarter 2024 earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023.

Sempra Reports Third-Quarter 2024 Earnings Results

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Sempra (SRE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Sempra (SRE) Q3 Earnings Expected to Decline

SAN DIEGO , Oct. 28, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter for the ninth consecutive year for its civic transparency by the Center for Political Accountability's annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability. Sempra received a perfect score of 100% and was named a "Model Code" company for demonstrating an emblematic commitment to ethical behavior.

Sempra Earns Perfect Score on CPA-Zicklin Index

SAN DIEGO , Oct. 24, 2024 /PRNewswire/ -- As the operating environment for utilities becomes more challenging, San Diego Gas & Electric (SDG&E) is stepping up to lead the energy sector in climate preparedness. The company has unveiled its updated cutting-edge Wildfire and Climate Resilience Center, innovating in wildfire mitigation and grid safety.

SDG&E Advances Climate Preparedness with Launch of State-of-the-Art Wildfire and Climate Resilience Center

DALLAS , Oct. 22, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its third quarter 2024 results on November 6, prior to Sempra's (NYSE: SRE) (BMV: SRE) third quarter 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com.

ONCOR TO RELEASE THIRD QUARTER 2024 RESULTS NOVEMBER 6

SAN DIEGO , Oct. 21, 2024  /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its third-quarter 2024 earnings by 8 a.m. ET on Wednesday, November 6.

Sempra to Report Third-Quarter 2024 Earnings November 6

HOUSTON , Oct. 17, 2024 /PRNewswire/ -- Sempra Infrastructure CEO Justin Bird was honored as the Energy Leader of the Year during the Gulf Energy Information Excellence Awards held last week in Houston. The awards event recognized the energy industry's innovation and thought leaders.

Sempra Infrastructure CEO Justin Bird Receives 'Energy Leader of the Year' Award

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As of Oct. 17, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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Media assets here LOS ANGELES , Oct. 15, 2024 /PRNewswire/ -- The Latino Restaurant Association (LRA) announced that 23 independently owned restaurants in the Central Valley will receive grants of $3,500 each, made possible by a $100,000 grant from Southern California Gas Co. (SoCalGas). A check presentation was held Tuesday with grant recipient Mi Favorito restaurant in the City of Fowler.

Latino Restaurant Association Celebrates Hispanic Heritage Month by Awarding 23 Grants to Small Central Valley Restaurants with Donation from SoCalGas

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Media assets here LOS ANGELES , Oct. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) CEO Scott Drury was honored Wednesday with the Shift Diverse Business Solutions (Shift DBS) Transformative Leader Award at their annual Investor-owned Utility Supplier Summit. The event celebrates suppliers in the utility space, bringing together the California Public Utilities Commission (CPUC), prime suppliers, subcontractors, diverse businesses and some of California's utility leaders including San Diego Gas and Electric (SDG&E), Pacific Gas and Electric (PG&E), Southern California Edison (SCE), AT&T and SoCalGas.

SoCalGas CEO Scott Drury Receives 'Transformative Leader' Award

Media assets here LOS ANGELES , Oct. 9, 2024 /PRNewswire/ -- Today, Southern California Gas Co. (SoCalGas) presented a $75,000 donation to Brotherhood Crusade to support the development of the new Danny J. Bakewell, Sr. Community Garden at the organization's headquarters in South Los Angeles.

Brotherhood Crusade's New Danny J. Bakewell, Sr. Community Garden Will Serve South LA Families with $75,000 Donation from SoCalGas

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As the S&P 500 index has remained flat, shares of Sempra have rallied in the past two months. An upcoming rate case decision and electrical load growth in Texas should be future growth catalysts. Sempra's interest coverage ratio is healthy, and the balance sheet is well-capitalized.

News for Sempra Energy Stock (SRE)