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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Sempra Energy's (SRE) subsidiary, Sempra Infrastructure, launches the Cimarron wind project of 320 MW capacity. The project is expected to commence generating energy in late 2025.

Sempra Energy's (SRE) Arm Unveils 320 MW Wind Project in Mexico

This innovative technology could help revolutionize biomethane production and help decarbonize gas infrastructure by displacing traditional natural gas with carbon-neutral synthetic biomethane. LOS ANGELES , March 19, 2024 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced its collaboration with Electrochaea and Lawrence Livermore National Laboratory (LLNL) on an innovative research project that aims to develop a single-stage electro-bioreactor to transform excess renewable electricity and biogas into carbon-neutral synthetic biomethane, also known as renewable natural gas (RNG).

SoCalGas Joins Lawrence Livermore National Laboratory and Electrochaea to Help Advance Gas Infrastructure Decarbonization

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HOUSTON , March 14, 2024 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), announced today that it reached a positive final investment decision for the development, construction and operation of the Cimarron wind project, the third phase of the Energía Sierra Juarez (ESJ) wind complex. The Cimarron wind project will total approximately 320 megawatts (MW) of wind capacity, and the project is fully contracted under a 20-year power purchase agreement to Silicon Valley Power for the long-term supply of renewable energy to the City of Santa Clara, California.

Sempra Infrastructure Launches Cimarron Wind Project

Program Expanded Opportunities for Hundreds of Small and Diverse Businesses, Helping to Promote Economic Prosperity SAN DIEGO, March 13, 2024 /PRNewswire/ -- San Diego Gas & Electric's (SDG&E) procurement program generated $2.59 billion in direct economic impact in 2023, contracting with more than 2,000 businesses for goods and services to deliver on the company's mission to serve the 3.7 million people in its service area with increasingly clean, safe and reliable energy infrastructure. More than 43% of SDG&E's total expenditures were with diverse suppliers – enterprises owned by minorities, women, LGBT individuals, service-disabled veterans and persons with disabilities, according to the company's annual supplier diversity report submitted recently to the California Public Utilities Commission (CPUC).

SDG&E'S SUPPLY CHAIN BOOSTS ECONOMY BY $2.6 BILLION IN 2023

The storefront is modeled after SoCalGas' [H2] Innovation Experience and equips the next generation of leaders with knowledge of clean energy LOS ANGELES , March 13, 2024 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today unveiled its newly revamped storefront at Junior Achievement of SoCal's (JASoCal) JA Finance Park, an interactive educational space of business storefronts that provides students with lessons on financial literacy. Located just outside Griffith Park, JA Finance Park hosts more than 15,000 visitors including students and volunteers each year.

Students Learn About Financial Literacy and Energy Efficiency Through SoCalGas' Junior Achievement Storefront that Showcases Clean Energy's Future

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Over $1 billion spent with minority, women, disabled veteran, and/or LGBT-owned businesses; nearly 87%  of businesses based in California LOS ANGELES , March 6, 2024 /PRNewswire/ -- Today, SoCalGas announced the company exceeded the 2023 California Public Utilities Commission's (CPUC) diverse spending goal* for a 31st consecutive year, purchasing over 44% of all goods and services from 618 diverse suppliers – enterprises owned by minorities, women, LGBT individuals, and disabled veterans, according to the company's annual Supplier Diversity Report submitted recently to the CPUC. This achievement was reached through the company's continuing efforts to help increase the pool of diverse suppliers through broad outreach and education.

SoCalGas Exceeds California's Supplier Diversity Procurement Goal for 31st Consecutive Year, Purchasing Over 44% of all Goods and Services from Diverse Businesses in 2023

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Sempra (SRE) Q4 2023 Earnings Call Transcript

Sempra Energy's (SRE) fourth-quarter revenues miss estimates. The company narrows its earnings guidance for 2024 and introduces an outlook for 2025.

Sempra (SRE) Q4 Earnings Meet Estimates, Revenues Rise Y/Y

Sempra (SRE) came out with quarterly earnings of $1.13 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.18 per share a year ago.

Sempra (SRE) Matches Q4 Earnings Estimates

DALLAS , Feb. 27, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported twelve months ended December 31, 2023 net income of $864 million compared to twelve months ended December 31, 2022 net income of $905 million. This $41 million decrease was driven by higher costs associated with increases in invested capital (primarily borrowing costs and depreciation), higher operation and maintenance expense (primarily regulatory asset amortization and self-insurance reserve accrual recovery amounts in new base rates) and the write-off of rate base disallowances recorded in the first quarter of 2023 resulting from the Public Utility Commission of Texas' ("PUCT") final order in Oncor's comprehensive base rate review in PUCT Docket No.

ONCOR REPORTS 2023 RESULTS; ANNOUNCES $24.2 BILLION 2024-2028 CAPITAL PLAN

Announces 20% Increase in Capital Plan to $48 Billion Raises Annualized Common Stock Dividend for 14th Consecutive Year Narrows Full-Year 2024 and Issues 2025 EPS Guidance Ranges Affirms 6-8% Projected Long-Term EPS Growth Rate SAN DIEGO , Feb. 27, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported full-year 2023 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $3.03 billion or $4.79 per diluted share, compared to full-year 2022 GAAP earnings of $2.09 billion or $3.31 per diluted share. On an adjusted basis, full-year earnings were $2.92 billion or $4.61 per diluted share in both 2023 and 2022.

Sempra Reports 2023 Financial and Business Results

Sempra (SRE) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

$1 million in Gas Assistance Funds available today to support eligible residential customers LOS ANGELES , Feb. 14, 2024 /PRNewswire/ -- Today, SoCalGas announced there is $1 million available in the Gas Assistance Fund to support eligible customers with grants of up to $200 to help pay their natural gas bill in 2024. Eligibility to receive a grant from the Gas Assistance Fund is based on total household income and household size.

Grants of Up to $200 Available to Help SoCalGas Customers in Need

Video of San Diego microgrid site available here.  SAN DIEGO , Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.

SDG&E UNVEILS FOUR ADVANCED MICROGRIDS TO BOOST GRID RESILIENCE AND RELIABILITY

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The innovative hydrogen technology can help commercial customers decarbonize their fleet and reduce local air pollution from the transportation sector, the largest generator of greenhouse gas and nitrogen oxide emissions in California. TULARE, Calif.

SoCalGas Showcases Zero Emissions Hydrogen Fuel Cell Electric Technologies by Kenworth and Toyota at 2024 World Ag Expo

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Amid the weak near-term prospects of the Zacks Gas Distribution industry, investments made by SRE, ATO, UGI, and MDU to fortify infrastructure and provide reliable services are expected to boost their performance.

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Ranks top 10 in utilities sector for corporate responsibility SAN DIEGO , Feb. 8, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been named to the JUST 100 list by CNBC and JUST Capital, which honors companies with a strong commitment to serving its workers, customers, communities, the environment and shareholders. Sempra's position on the list was highlighted by strong marks in the worker and community categories, recognizing how the company supports its communities through local job creation and charitable giving as well as how the company invests in its employees through areas like career development and diversity and inclusion.

Sempra Named to JUST 100 List for America's Most JUST Companies of 2024

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.

Will Sempra (SRE) Beat Estimates Again in Its Next Earnings Report?

News for Sempra Energy Stock (SRE)