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.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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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Sempra's (SRE) subsidiary, Sempra Infrastructure, clinches a head of agreement with Williams involving the offtake of LNG and the development of project pipelines.

Sempra's (SRE) Arm Clinches an Agreement With Williams for LNG

Williams

HOUSTON , Nov. 15, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a heads of agreement (HOA) with Williams (NYSE: WMB) for the offtake of liquefied natural gas (LNG) and development of associated natural gas pipeline projects to further connect abundant U.S. natural gas supplies in the Gulf Coast region to markets around the world. The HOA contemplates negotiation and finalization of two 20-year long-term sale and purchase agreements for approximately 3 million tonnes per annum (Mtpa) of LNG in the aggregate from the Port Arthur LNG project under development in Jefferson County, Texas, and the Cameron LNG Phase 2 project under development in Hackberry, Louisiana.

Sempra Infrastructure and Williams Announce Preliminary Agreements for LNG Offtake, Gas Supply, and Associated Pipeline Projects

TULSA, Okla.--( BUSINESS WIRE )--Williams (NYSE: WMB) today announced that it has entered into a non-binding heads of agreement (HOA) with Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), that establishes the elements of an integrated platform to further connect the prolific Haynesville basin to growing LNG export demand along the Gulf Coast and around the world. The HOA contemplates long-term gas sales of approximately 0.5 billion cubic feet per day (Bcf/d) delivered near Gillis, Louisiana, and two LNG offtake agreements for approximately 3 million tons per annum (mtpa) in the aggregate from Sempra Infrastructure's proposed Cameron LNG Phase 2 and Port Arthur LNG projects. These proposed transactions complement Williams' recently sanctioned low-carbon Louisiana Energy Gateway (LEG) gathering project and are expected to include connections to pipelines serving Sempra Infrastructure's LNG export facilities.

Williams Enters Heads of Agreement with Sempra Infrastructure to Integrate LNG Value Chain Capabilities

The company becomes the first gas-only utility in the U.S. to issue public green bonds LOS ANGELES , Nov. 15, 2022 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) has successfully issued $600 million of 30-year fixed-rate "Green First Mortgage Bonds," to directly support the company's sustainability investments. SoCalGas issued the bonds under Sempra's Sustainable Financing Framework and is the first gas-only utility in the United States to issue a green bond.

SoCalGas Completes Green Financing Supporting Company Sustainability Goals

SoCalGas partners with Google Nest, Southeast Community Development Corporation, Alma Family Services, and All Peoples Community Center to prepare customers for rising costs, also donating 500 energy efficient smart thermostats LOS ANGELES , Nov. 14, 2022 /PRNewswire/ -- In anticipation of cooler winter temperatures, Southern California Gas Company (SoCalGas) is preparing customers with energy-saving tips, customer assistance programs and additional resources to help manage energy usage and utility costs. "Having access to valuable educational resources and tools provides our community an opportunity to learn how to manage their energy usage and lower monthly costs," said City of Bell Mayor Monica Arroyo.

SoCalGas Provides Resources to Help Customers Save Money Ahead of Winter

General Motors

SAN DIEGO--(BUSINESS WIRE)--San Diego Gas & Electric (SDG&E) and General Motors (GM) today announced an agreement to investigate the feasibility of integrating bidirectional Electric Vehicles (EVs) into the electric grid as a local energy resource.

SDG&E & General Motors to Explore Vehicle-to-Grid and Vehicle-to-Home Technology

SAN DIEGO , Nov. 7, 2022 /PRNewswire/ -- For the seventh consecutive year, Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter in corporate political disclosure practices and accountability in the 2022 CPA-Zicklin Index. The CPA-Zicklin Index is released annually by the Center for Political Accountability (CPA) and the Zicklin Center for Business Ethics Research at the University of Pennsylvania's Wharton School.

Sempra Named Trendsetter in Political Disclosure Practices and Accountability for Seventh Consecutive Year

Sempra (NYSE:SRE ) Q3 2022 Results Conference Call November 3, 2022 12:00 PM ET Company Participants Glen Donovan - VP, IR Jeff Martin - Chairman, CEO Trevor Mihalik - EVP, CFO Kevin Sagara - EVP, Group President Justin Bird - CEO, Sempra Infrastructure Allen Nye - Chief Executive, Oncor Peter Wall - SVP, Controller & CAO Faisel Khan - SVP, CFO, Sempra Infrastructure Conference Call Participants Shar Pourreza - Guggenheim Partners Ross Fowler - UBS Nicholas Campanella - Credit Suisse Michael Lapides - Goldman Sachs Julien Dumoulin-Smith - Bank of America David Arcaro - Morgan Stanley Durgesh Chopra - Evercore ISI Steve Fleishman - Wolfe Research Anthony Crowdell - Mizuho Operator Good day, and welcome to Sempra's Third Quarter Earnings Call. Today's conference is being recorded.

Sempra (SRE) Q3 2022 Earnings Call Transcript

Sempra's (SRE) Q3 revenues of $3,617 million increase 20% year over year. Moreover, the top line exceeds the Zacks Consensus Estimate by 6.5%.

Sempra Energy (SRE) Q3 Earnings Beat, Revenues Rise Y/Y

Sempra (SRE) delivered earnings and revenue surprises of 10.06% and 9.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sempra (SRE) Beats Q3 Earnings and Revenue Estimates

Service Territory Growth Operational Highlights Capital Expenditure Plans Update Base Rate Review Update Liquidity Update DALLAS , Nov. 3, 2022 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2022 net income of $318 million compared to net income of $258 million in the three months ended September 30, 2021. Oncor's quarter-over-quarter net income improvement was driven by increases in revenues from higher customer consumption attributable primarily to significantly warmer weather in the third quarter of 2022 as compared to the third quarter of 2021, updates to base transmission and distribution rates to reflect increases in invested capital, an annual energy efficiency program performance bonus approved in the third quarter of 2022 compared to the prior year's annual energy efficiency program performance bonus being approved in the fourth quarter of 2021, and customer growth, partially offset by increases in costs associated with additional investments (primarily depreciation, property taxes and borrowing costs) and higher operation and maintenance expense.

ONCOR REPORTS THIRD QUARTER 2022 RESULTS

Announced Projected FID Timing for Port Arthur LNG Phase 1 Updated Full-Year 2022 GAAP and Raised Adjusted EPS Guidance Ranges SAN DIEGO , Nov. 3, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced third-quarter 2022 earnings of $485 million, or $1.53 per diluted share, compared to third-quarter 2021 losses of $648 million, or $2.03 per diluted share. On an adjusted basis, the company's third-quarter 2022 earnings were $622 million or $1.97 per diluted share, compared to $545 million, or $1.70 per diluted share, in 2021.

Sempra Reports Strong Third-Quarter 2022 Earnings Results

Sempra Energy's (SRE) third-quarter performance is expected to have witnessed the positive impacts of weather patterns and favorable rate revisions.

What's in the Cards for Sempra Energy (SRE) in Q3 Earnings?

Emerson Electric

AUSTIN, Texas--(BUSINESS WIRE)--Southern California Gas (SoCalGas), a regulated subsidiary of Sempra (NYSE: SRE), has selected Emerson's (NYSE: EMR) digital technologies, software and services to demonstrate the resiliency and reliability of its new [H2] Innovation Experience in Southern California.

Emerson Technologies Help SoCalGas Deliver Clean Energy for [H2] Innovation Experience

HOUSTON , Oct. 27, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), and Silicon Valley Power (SVP) announced today they have entered into a 20-year power purchase agreement (PPA) for the long-term supply of renewable energy to the City of Santa Clara, Calif., from the proposed Cimarrón wind project, Sempra Infrastructure's cross-border wind generation facility under development in Baja California, Mexico.

Sempra Infrastructure and Silicon Valley Power Sign Agreement for Renewable Energy Supply

Sempra (SRE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sempra (SRE) Upgraded to Buy: What Does It Mean for the Stock?

SAN DIEGO , Oct. 25, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named the top utility in Investor's Business Daily's (IBD) 100 Best ESG Companies list. The award recognizes companies that achieve superior environmental, social and governance (ESG) ratings and strong fundamental and technical stock performance.

Sempra Named Top Utility in Investor's Business Daily's 100 Best ESG Companies List

HOUSTON , Oct. 20, 2022 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Port Arthur LNG and Bechtel Energy have amended and restated the fixed-price engineering, procurement and construction (EPC) contract, for the proposed Phase 1 liquefaction project under development in Jefferson County, Texas. The amended contract includes an updated price of approximately $10.5 billion.

Sempra Infrastructure Announces Final EPC Contract with Bechtel for Port Arthur LNG

14 Scholarships will support first-generation Latino students pursuing careers in STEM LOS ANGELES , Oct. 19, 2022 /PRNewswire/ -- Southern California Gas Company (SoCalGas) and The East Los Angeles Community Union (TELACU) Education Foundation today announced that $50,000 in scholarships have been awarded to 14 first-generation Latino students pursuing degrees in science, technology, engineering, and math (STEM). Since 1999, and over the last three decades, SoCalGas and TELACU have partnered to address social inequality, assist deserving students navigate postsecondary education and their subsequent careers through the TELACU Education Foundation's programmatic support.

TELACU and SoCalGas Announce $50,000 in Scholarships for Latino Students Pursuing Careers in STEM

DALLAS , Oct. 14, 2022 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its third quarter 2022 results on November 3, prior to Sempra's (NYSE: SRE) (BMV: SRE) third quarter 2022 conference call. Oncor's earnings release will be available on Oncor's website, oncor.com.

ONCOR TO RELEASE THIRD QUARTER 2022 RESULTS NOVEMBER 3

SAN DIEGO , Oct. 13, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its third-quarter 2022 earnings by 7 a.m. ET, Thursday, November 3.

Sempra to Report Third-Quarter 2022 Earnings November 3

SAN DIEGO--(BUSINESS WIRE)--Following a summer of record temperatures in California, San Diego Gas & Electric (SDG&E) today announced the start of testing for the company's new 40 MW energy storage project in Fallbrook and the start of construction on one of four energy storage and microgrid projects that will bring an additional 39 MW of battery capacity to the region.

SDG&E Adds Energy Storage and Microgrids to Strengthen Grid Reliability, Build Community Resiliency and Advance Clean Energy Goals

Avangrid

HOUSTON , Oct. 12, 2022 /PRNewswire/ -- AVANGRID, a member of the Iberdrola Group (NYSE: AGR), and Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced they have entered into a heads of agreement (HOA) for the potential joint development of U.S. green hydrogen and ammonia projects powered by renewable sources. The HOA provides a framework for the companies to identify, appraise, and potentially develop large-scale green hydrogen projects to help meet the energy and decarbonization needs of both U.S. and international customers.

Sempra Infrastructure and AVANGRID Announce Plans to Develop U.S. Green Hydrogen and Ammonia Projects

Sempra (SRE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Sempra (SRE) Could Beat Earnings Estimates Again

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