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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LOS ANGELES and SANTA CLARA, Calif. , July 3, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and EVOLOH Inc., an anion exchange membrane (AEM) electrolyzer technology developer, have completed a joint research project that resulted in enhancements to the current electrolyzer manufacturing process and technology.

SoCalGas and EVOLOH Research Project Helps Make Hydrogen and Electrolyzer Production More Affordable

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Morningstar published 10 Best Value Stocks to Buy for the Long Term, undervalued blue-chip stocks with low price to fair value. Valuation and future return of each stock analyzed, compared to the S&P 500, Bristol-Myers has the highest potential rate of return. In comparison to Morningstar's 10 Best Value Stocks with 10 Best Dividend Stocks, Bristol-Myers stands out as undervalued with a high potential return.

Going Beyond Morningstar's 10 Best Value Stocks List

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Economic data suggests a recession may be looming, with signs of weakening in the labor market and consumer spending. Investing based on politics is not recommended, as market reactions to political events can be unpredictable and counterintuitive. The resurgent trade war is expected to have negative impacts on the economy, with potential inflation and job losses.

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DHAHRAN, Saudi Arabia , June 26, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and Sempra (NYSE: SRE) (BMV: SRE), one of North America's leading energy infrastructure companies, today announce that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (Mtpa) from the Port Arthur LNG Phase 2 expansion project. The HoA further contemplates Aramco's 25% participation in the project-level equity of Phase 2.

Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2

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With so much focus on innovative technologies such as artificial intelligence, it's easy to get tunnel vision. Certainly, the usual suspects in the equities sector deserve the attention they're receiving.

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The stock market breadth is very thin right now. The market is primarily being driven by a handful of big winners in the AI space. Consumers clearly have a very different perspective on inflation than economists do. Consumer spending is in the midst of a broad-based slowdown.

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SAN DIEGO , June 21, 2024 /PRNewswire/ -- The Sempra Foundation, founded and solely funded by Sempra (NYSE: SRE) (BMV: SRE), today announced a charitable contribution to the American Red Cross to support the distribution of critical resources and services to those impacted by the South Fork and Salt fires in southern New Mexico. "As part of its mission, the Sempra Foundation aims to improve community resilience in the face of increasing severe weather events," said Lisa Larroque Alexander, chair of the Sempra Foundation board of directors.

Sempra Foundation to Support New Mexico Communities Impacted by Wildfires

SAN DIEGO , June 20, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced the appointment of Jennifer M. Kirk to the company's board of directors effective June 20, 2024.

Sempra Appoints Jennifer M. Kirk to Board of Directors

LOS ANGELES , June 13, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) added Ford E-Transit electric vans into its fleet, as part of its ASPIRE 2045 sustainability strategy, working towards its goals to replace 50% of its over-the-road fleet1 with alternative fuel vehicles (AFV) by 2025 and operate a 100% zero-emissions fleet by 2035. The introduction of 21 new Ford E-Transit vans represents a milestone for SoCalGas as the first battery electric vehicles to be integrated into the company's fleet.

SoCalGas Advances Towards Zero-Emissions Fleet with Delivery of New Ford Electric Vans

LOS ANGELES , June 7, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) will help Labor Community Services (LCS) by bringing 100 volunteers to help sort over 1.8 million pounds of food donations collected through the 32nd Annual National Association of Letter Carriers' (NALC) "Stamp Out Hunger" Food Drive. The company will also present a $25,000 donation to LCS for groceries, which could aid approximately 1,000 families facing food insecurity for up to five days.

SoCalGas Volunteers to Help Sort 1.8 Million Pounds of Food to Help Labor Community Services "Stamp Out Hunger"

Sempra (SRE) reported earnings 30 days ago. What's next for the stock?

Why Is Sempra (SRE) Up 1.7% Since Last Earnings Report?

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Dividend stocks are popular for a reason. These stocks are supported by companies with solid underlying businesses generating strong cash flow.

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Sempra Energy (SRE) is expected to benefit from its systematic investment plan, regular dividend payments and higher demand from its expanding customer base.

Sempra Energy (SRE) Rides on Investments and Strong Demand

Morningstar published their 10 Best Dividend Stocks, which are undervalued blue-chip stocks with reliable dividends. The article analyzes the valuation and estimated future total return of each stock, comparing them to the S&P 500. Comcast has the highest potential rate of return among the 10 stocks, while Sempra has the lowest.

Going Beyond Morningstar's 10 Best Dividend Stocks List

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Earlier, the Federal Reserve stood poised to cut the benchmark interest rate, which boded well for reliable dividend stocks. Essentially, Uncle Sam's high yields wouldn't compete with the passive income stemming from private enterprises.

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The utility is being recognized not only for its own emissions reduction goals, but also for exemplifying leadership in its internal response to climate change and the engagement of its peers, partners, and supply chain. LOS ANGELES , May 23, 2024 /PRNewswire/ --  Southern California Gas Company (SoCalGas) today announced that it has received the prestigious "Organizational Leadership Award" from The Climate Registry (TCR) at the Climate Leadership Conference in Cleveland, Ohio.

SoCalGas Receives Organizational Leadership Award from The Climate Registry for its ASPIRE 2045 Sustainability Strategy

SoCalGas will award nonprofit organizations across the utility's service area with grants for projects, programs, and research that encourage and foster clean, safe, and innovative solutions toward a clean energy future. LOS ANGELES , May 15, 2024 /PRNewswire/ -- Southern California Gas Company (SoCalGas) announced today that nonprofit organizations can apply for a grant of up to $50,000 from the utility's SoCal Climate Champions Grant program.

Nonprofit Organizations Can Now Apply for Grants of up to $50,000 to Further Climate Solutions through the SoCal Climate Champions Grant Program

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With the market facing uncertainties tied to economic concerns, monetary policy questions and geopolitical flashpoints (to name but a few), investors have every reason to consider utility stocks to buy. No, one shouldn't go full bore into the sector and ignore others.

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The report highlights the utility's progress on its ASPIRE 2045 sustainability strategy LOS ANGELES , May 13, 2024 /PRNewswire/ --   Southern California Gas Company (SoCalGas) released its stand-alone chapter of parent company Sempra's 2023 Corporate Sustainability Report today, demonstrating SoCalGas' dedication to keeping stakeholders informed on the progress of its sustainability strategy, key milestones, and achievements. SoCalGas' ASPIRE 2045 sustainability strategy aligns with Sempra's sustainable business strategy to invest in safe and resilient operations, engage people and communities, and innovate for the future.

SoCalGas Releases 2023 Corporate Sustainability Report

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It must be stated upfront that the concept of reliable dividend stocks isn't exciting. No, it's downright boring.

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SAN DIEGO , May 9, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today shared its 2023 Corporate Sustainability Report – Ideas with Energy – highlighting how the company's sustainable business practices are helping to improve its scale, resiliency and risk profile, while also contributing to a healthier, more secure and prosperous future for its stakeholders. "In many ways, the opportunity to improve health, well-being and prosperity depends on the buildout and modernization of energy infrastructure – and that is the focus of our corporate strategy," said Jeffrey W.

Sempra Releases Ideas with Energy, 2023 Corporate Sustainability Report

Sempra (NYSE:SRE ) Q1 2024 Earnings Conference Call May 7, 2024 12:00 PM ET Company Participants Glen Donovan - Vice President, Investor Relations Jeff Martin - Chairman & Chief Executive Officer Karen Sedgwick - Executive Vice President & Chief Financial Officer Allen Nye - Chief Executive Officer, Oncor Justin Bird - Executive Vice President & Chief Executive Officer, Sempra Infrastructure Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Securities Durgesh Chopra - Evercore ISI Carly Davenport - Goldman Sachs Steve Fleishman - Wolfe Anthony Crowdell - Mizuho Craig Shere - Tuohy Brothers Operator Good day, and welcome to Sempra's First Quarter Earnings Call. Today's conference is being recorded.

Sempra (SRE) Q1 2024 Earnings Call Transcript

Sempra's (SRE) Q1 total revenues of $3.64 billion decline 44.5% from the year-ago quarter's level. The top line also misses the Zacks Consensus Estimate by 41%.

Sempra (SRE) Q1 Earnings Miss Estimates, Revenues Decline Y/Y

While the top- and bottom-line numbers for Sempra (SRE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sempra (SRE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Sempra (SRE) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $1.46 per share a year ago.

Sempra (SRE) Misses Q1 Earnings and Revenue Estimates

News for Sempra Energy Stock (SRE)