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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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.

Sempra: Still A Buyable Dividend Growth Stock

SRE's unit, SoCalGas, is set to launch a $1.5 million initiative to provide 50 fuel cards to fleet operators purchasing class 8 heavy-duty natural gas trucks.

SRE's Unit SoCalGas Announces an Initiative to Reduce GHG Emissions

Media assets here LOS ANGELES , Sept. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced that the Boyle Heights Solis S.T.E.M.

Boyle Heights Solis S.T.E.M. Magnet High School's First All-Girls Team Competes on International Stage at the Horizon Hydrogen Grand Prix World Finals

LOS ANGELES , Sept. 9, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today it will make $1.5 million available to provide funds for 50 fuel cards to help accelerate the transition to low- and zero-emissions vehicles in the heavy-duty transportation sector.

SoCalGas Launches New Fuel Card Program to Help Reduce Greenhouse Gas Emissions from Heavy-Duty Transportation Sector

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SAN DIEGO , Sept. 4, 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 Oct. 15, 2024, to common stock shareholders of record at the close of business on Sept.

Sempra Declares Common and Preferred Dividends

SAN DIEGO , Aug. 15, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) continues to achieve recognition for its sustainable business practices, ranking on the prestigious FTSE4Good Index Series for the ninth consecutive year. The FTSE4Good Index Series recognized Sempra's strong performance across multiple categories including corporate governance, labor standards, community engagement and more.

Sempra Named to FTSE4Good Index Series for Sustainable Business Practices

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Sempra (NYSE:SRE ) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants Glen Donovan - SVP, Finance Jeff Martin - Chairman & CEO Karen Sedgwick - EVP & CFO Trevor Mihalik - EVP & Group President, Sempra California Justin Bird - EVP & CEO, Sempra Infrastructure Allen Nye - CEO, Oncor Peter Wall - SVP, Controller & CAO Conference Call Participants Shar Pourreza - Guggenheim Partners Durgesh Chopra - Evercore ISI Julien Dumoulin-Smith - Jefferies Carly Davenport - Goldman Sachs Operator Good day, and welcome to Sempra's Second Quarter Earnings Call. Today's conference is being recorded.

Sempra (SRE) Q2 2024 Earnings Call Transcript

Sempra Energy's (SRE) second-quarter 2024 earnings and revenues lag estimates. The company reiterates its 2024 EPS outlook.

Sempra (SRE) Q2 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 $0.92 per share. This compares to earnings of $0.94 per share a year ago.

Sempra (SRE) Q2 Earnings and Revenues Lag Estimates

U.S. utility Sempra posted a rise in second-quarter profit on Tuesday, as it benefited from strong demand for electricity during the peak summer months.

Sempra posts higher Q2 profit on record-high temperatures

DALLAS , Aug. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended June 30, 2024 net income of $251 million compared to three months ended June 30, 2023 net income of $200 million. The $51 million increase was driven by higher revenues primarily due to updated interim rates to reflect increases in invested capital, increases in transmission billing units, higher customer consumption primarily attributable to weather, the new base rates implemented in May 2023 and customer growth, partially offset by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation) and higher operation and maintenance ("O&M") expense.

Oncor Reports Second Quarter 2024 Results

Oncor reaches settlement in principle on ~$3B System Resiliency Plan SAN DIEGO , Aug. 6, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713 million, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603 million, or $0.95 per diluted share. On an adjusted basis, the company's second-quarter 2024 earnings were $567 million, or $0.89 per diluted share, compared to $594 million, or $0.94 per diluted share in second-quarter 2023.

Sempra Reports Second-Quarter 2024 Earnings Results

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Sempra Energy's (SRE) Q2 results are likely to reflect the benefits of favorable weather patterns and rate-based growth amid higher interest expenses.

Sempra Energy (SRE) to Post Q2 Earnings: What's in the Offing?

SOUTH FRESNO, Calif. , Aug. 1, 2024 /PRNewswire/ -- The Latino Restaurant Association (LRA) is excited to announce a new grant opportunity, sponsored by SoCalGas, to support local restaurant owners.

LATINO RESTAURANT ASSOCIATION OFFERS $2,500 GRANTS TO LOCAL RESTAURANT OWNERS IN SOUTH FRESNO, KINGS, AND TULARE COUNTIES

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.

Sempra (SRE) Earnings Expected to Grow: Should You Buy?

LOS ANGELES , July 24, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today that 29 students in Central and Southern California will receive a total of $314,000 from the SoCalGas Scholarship Program to pursue higher education at four-year universities, community colleges, and trade schools. For those attending four-year universities, the $5,000 scholarship can be renewed, providing a total of $20,000 over four years.

SoCalGas Scholarship Program Awards Over $300,000 to College- and Trade School-Bound Students

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

ONCOR TO RELEASE SECOND QUARTER 2024 RESULTS AUGUST 6

SAN DIEGO , July 22, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) plans to release its second-quarter 2024 earnings by 8 a.m. ET on Tuesday, August 6.

Sempra to Report Second-Quarter 2024 Earnings August 6

HOUSTON , July 18, 2024 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement and construction (EPC) contract for the Port Arthur LNG Phase 2 project under development in Port Arthur, Texas. "We are thrilled to achieve this milestone with Bechtel for the Port Arthur LNG Phase 2 development project and are confident that our continued collaboration with this world-class construction firm on the Port Arthur site will further strengthen our ability to execute this project," said Justin Bird, CEO of Sempra Infrastructure.

Sempra Infrastructure Announces EPC Contract with Bechtel for Port Arthur LNG Phase 2

Sempra is a public utility and energy infrastructure company with a 13-year dividend growth streak. The company is positioned to generate 6% to 8% annual adjusted EPS growth for the foreseeable future. SRE enjoys a BBB+ credit rating from S&P on a stable outlook.

Sempra: This Dividend Growth Stock Is Worth Buying Now

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News for Sempra Energy Stock (SRE)