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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Fundamentally, utility stocks represent viable investment ideas because of their natural monopolies. In other words, because of their steep barriers to entry, would-be competitors don't even try to compete.

7 Utility Stocks That Could Benefit from the Move to Renewable Energy

Dividend Growth Investors Should Have Sempra Energy On Their Watchlist.

Dividend Growth Investors Should Have Sempra Energy On Their Watchlist

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Although a much-debated topic, investors should at least consider shifting toward defensive stocks to buy ahead of a potential downcycle. Notably, Morgan Stanley analysts warned about U.S. recession risks prior to 2023.

7 Defensive Stocks to Buy to Batten Down the Hatches

SAN DIEGO , April 17, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its first-quarter 2023 earnings by 7 a.m. ET on Thursday, May 4.

Sempra to Report First-Quarter 2023 Earnings May 4

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While 2022 represented the year that saw inflation spike higher, the subsequent monetary tightening actions by the Federal Reserve cooled demand for the best stocks for inflation. However, a surprise threat from abroad – namely, the oil production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations – risk sending prices northward once again.

7 Best Stocks to Buy as Inflation Fears Creep Up

Federal Funds Would Support the Strategic Undergrounding and Overhead Hardening of Power Lines around Tribal Lands SAN DIEGO , April 7, 2023 /PRNewswire/ -- As part of its commitment to reduce the impact of infrastructure costs on electric rates, this week, San Diego Gas & Electric (SDG&E) submitted an application to the United States Department of Energy (DOE) seeking up to $100 million in federal funds through the Grid Resilience and Innovation Partnerships Grant program, which is part of the federal Infrastructure Investment and Jobs Act (IIJA). If awarded, the grant would help offset the costs of wildfire hardening efforts on and around federally recognized Tribal Nations' land within SDG&E's service territory.

SDG&E SEEKING $100M IN FEDERAL FUNDS TO ADVANCE WILDFIRE SAFETY EFFORTS IN HIGH FIRE THREAT DISTRICT

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Although the fallout from the banking sector appears to have faded, investors still should consider stocks to buy that can weather storms. Understandably, this narrative runs counter to the apparently prevailing wisdom of the moment.

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Vanguard High Dividend Yield ETF

There are 19 stocks on my high-yield watchlist for April 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory.

High Yield Stock Watchlist: April 2023

The award reflects the company's comprehensive outreach, education, and marketing programs of energy-efficient ENERGY STAR certified products in an effort to help southern Californians save money, conserve energy, and transition to a net-zero emissions future. LOS ANGELES , April 3, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced the company was recently awarded the U.S. Environmental Protection Agency (EPA) 2023 ENERGY STAR Partner of the Year for demonstrating leadership in its energy efficiency programs that incorporate ENERGY STAR as a key strategy to help increase the adoption of energy efficiency products in homes, buildings, and facilities.

SoCalGas Earns the U.S. Environmental Protection Agency's 2023 ENERGY STAR Partner of the Year Award

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Lindsay

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SpartanNash

Steel Dynamics

Travelers

Eleven companies announced annual dividend increases in March. Colgate-Palmolive started its 7th decade of dividend growth in March with a 2% boost. Steel Dynamics followed up last year's 31% boost with a 25% increase, resulting in a 63% payout increase since 2022.

Johnson & Johnson, Procter & Gamble Among 11 Companies To Continue Dividend Growth In Early April

Chargers near the U.S./Mexico border speed up charging for trucks, delivery vans, buses and other large vehicles.  SAN DIEGO , March 27, 2023 /PRNewswire/ -- Today, San Diego Gas & Electric, along with local and state officials, unveiled four public, direct current (DC) fast chargers at a busy truck stop just north of the Otay Mesa Port of Entry – the first of its kind to open at a truck stop in California to serve medium and heavy-duty vehicles.

CA'S FIRST PUBLIC, DC FAST CHARGERS FOR ELECTRIC MEDIUM AND HEAVY-DUTY VEHICLES AT A TRUCK STOP OPEN FOR PUBLIC USE

The Wildfire Next Generation System (WiNGS) prioritizes mitigation efforts to help protect the region from the threat of wildfire SAN DIEGO , March 24, 2023 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) was recently honored with a "2023 Chartwell Best Practices Award" for developing and using the Wildfire Next Generation System, or WiNGS, to help protect communities it serves from regional wildfire risk. "We're very excited to present this award to SDG&E.

SDG&E RECOGNIZED BY CHARTWELL FOR WILDFIRE MITIGATION PREDICTIVE MODELING TECHNOLOGY

Over $1 billion of 2022 spend was with minority, women, service-disabled veteran, and LGBT-owned businesses LOS ANGELES , March 22, 2023 /PRNewswire/ --  Southern California Gas Co.  (SoCalGas) today announced the company exceeded the California Public Utilities Commission's diverse spending goal for a 30th consecutive year, purchasing nearly 43% of all goods and services from minority, women, service-disabled veteran, and LGBT-owned businesses in 2022. Last year, SoCalGas collaborated with 578 diverse businesses in support of the company's operations and mission to build the cleanest, safest, most innovative energy company in America.

SoCalGas Exceeds State Goal for 30th Consecutive Year, Purchasing Nearly 43% of all Goods and Services from Diverse Businesses Last Year

Finalizes Joint Venture with ConocoPhillips Closes Non-Recourse Project Financing Announces Equity Participation by KKR Issues Final Notice to Proceed to Bechtel SAN DIEGO , March 20, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Sempra Infrastructure closed its joint venture with an affiliate of ConocoPhillips (NYSE: COP), as well as announced an agreement to sell an indirect, non-controlling interest in the project to an infrastructure fund managed by KKR.

Sempra Launches Port Arthur LNG Project

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Although it's no guarantee that the Federal Reserve will raise benchmark interest rates, it may be an inevitability, thus sparking interest in stocks to buy for rising interest rates. Early last week, Fed Chair Jerome Powell left open the door for higher and quicker rate hikes.

7 Stocks to Buy Now if the Fed Raises Rates

Nearly 40% of the Expenditures Were with Diverse Businesses SAN DIEGO , March 8, 2023 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) infused $2.4 billion into the economy in 2022 through the purchase of goods and services to support its mission to deliver, clean, safe and reliable energy service to the 3.7 million residents of the region. Of that amount, $964 million went to diverse suppliers, representing 39.75% of the total expenditures – far exceeding the 22% goal set by the California Public Utilities Commission (CPUC).

SDG&E INFUSED $2.4B INTO ECONOMY THROUGH PURCHASE OF GOODS AND SERVICES LAST YEAR

Broadcom

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There are 17 stocks on my high-yield watchlist for March 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory.

High Yield Stock Watchlist: March 2023

A Third of SDG&E customers receiving some form of assistance . SAN DIEGO , March 3, 2023 /PRNewswire/ -- Recognizing the financial hardships brought on by inflation, the lingering effects of the COVID pandemic and the recent surge in winter heating bills driven by natural gas market volatility, San Diego Gas & Electric has redoubled its efforts to help its customers by securing and offering debt relief, as well as various bill assistance programs.

~$140M IN DEBT RELIEF PROVIDED TO SDG&E CUSTOMERS OVER THE PAST THREE YEARS

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Although retail investors may be tempted to pick up last year's hottest trends that seemingly trade now at discount prices, they may be better off considering boring stocks to buy. Fundamentally, we just don't know what may lie ahead.

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

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Sempra (NYSE:SRE ) Q4 2022 Earnings Conference Call February 28, 2023 12:00 PM ET Company Participants Glen Donovan - Investor Relations Jeff Martin - Chairman and Chief Executive Officer Trevor Mihalik - Executive Vice President and Chief Financial Officer Kevin Sagara - Executive Vice President and Group President Justin Bird - Chief Executive Officer, Sempra Infrastructure Allen Nye - Chief Executive Officer, Oncor Peter Wall - Senior Vice President, Controller and Chief Accounting Officer Conference Call Participants Shar Pourreza - Guggenheim Nicholas Campanella - Credit Suisse Anthony Crowdell - Mizuho Rich Sunderland - JPMorgan Craig Shere - Tuohy Brothers Operator Good day and welcome to Sempra's Fourth Quarter Earnings Call. Today's conference is being recorded.

Sempra (SRE) Q4 2022 Earnings Call Transcript

Sempra's (SRE) Q4 revenues of $3,455 million decrease 10.1% year over year. Moreover, the top line misses the Zacks Consensus Estimate by 9.4%.

Sempra (SRE) Q4 Earnings Beat Estimates, Revenues Fall Y/Y

Sempra (SRE) delivered earnings and revenue surprises of 14.08% and 9.44%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sempra (SRE) Tops Q4 Earnings Estimates

DALLAS , Feb. 28, 2023 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported twelve months ended December 31, 2022 net income of $905 million compared to reported twelve months ended December 31, 2021 net income of $770 million. The $135 million year-over-year increase was driven by higher revenues from updates to base transmission and distribution rates to reflect increases in invested capital, increased customer consumption attributable primarily to significantly warmer summer weather and colder winter weather, and customer growth, partially offset by increases in costs associated with additional investments (primarily depreciation and borrowing costs) and higher operation and maintenance expense.

ONCOR REPORTS 2022 RESULTS

Achieved Strong Safety and Operational Results Targeting Port Arthur LNG Phase 1 FID Q1-2023 Affirming 2023 EPS Guidance Range Reiterating Long-Term 6-8% Compound Annual EPS Growth Rate SAN DIEGO , Feb. 28, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported fourth-quarter 2022 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $438 million or $1.39 per diluted share, compared to GAAP earnings of $604 million or $1.90 per diluted share in the fourth quarter of 2021. On an adjusted basis, fourth-quarter 2022 earnings were $743 million or $2.35 per diluted share, compared to $688 million or $2.16 per diluted share in the fourth quarter of 2021.

Sempra Reports Fourth-Quarter 2022 Business Results

News for Sempra Energy Stock (SRE)