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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The technology developed  by UCLA with support from the California Energy Commission (CEC), and if approved, potentially by SoCalGas' Research, Development, and Demonstration Program, is part of one of 100 applications selected among 3,000 worldwide to be showcased at the Conference of Parties. LOS ANGELES , Nov. 30, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) announced today that an innovative technology developed by UCLA researchers with potential project support from SoCalGas if approved by the California Public Utility Commission (CPUC), is currently on display at the 28th session of the Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change (UNFCCC).

Innovative Technology That Uses Solar Energy to Convert 100% Renewable Biogas to Hydrogen and Graphitic Carbon on Display During the United Nations' COP 28 Meeting in Dubai

SAN DIEGO , Nov. 27, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced updates to its officer team with a view toward strengthening the company's existing management capabilities and sustained financial and operational performance. "As we continue our mission to build North America's leading energy infrastructure company, we understand the importance of continuing to invest in and build a strong and diverse leadership team that delivers quality results to our customers, communities and shareholders," said Jeffrey W.

Sempra Announces Updates to Management Team

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To support Brotherhood Crusades' Grab and Go! Basket Distribution and families during the holiday season, SoCalGas donated $50,000, as part of the company's $4 Million Fueling Our Communities Initiative to Address Food Insecurity LOS ANGELES , Nov. 17, 2023 /PRNewswire/ -- Today, Brotherhood Crusade and Southern California Gas Co. (SoCalGas) distributed Thanksgiving meals, including 1,500 turkeys to families in South Los Angeles during a Grab and Go!

1,500 Thanksgiving Meals Distributed to Families in South Los Angeles Ahead of Holiday through Brotherhood Crusade and SoCalGas Partnership

SAN DIEGO , Nov. 15, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter for the eighth consecutive year for its civic transparency by the Center for Political Accountability's annual CPA-Zicklin Index of Corporate Political Disclosure and Accountability.     The CPA-Zicklin Index, which is produced in conjunction with the Zicklin Center for Business Ethics Research at the University of Pennsylvania's Wharton School, measures political disclosure and accountability policies and practices for election-related spending by S&P 500 and Russell 1000 companies, including political spending policies and board oversight.

Sempra Recognized as Trendsetter for Political Disclosure and Accountability

Toyota Motor

Research to focus on the customer experience, business model and technology aspects of V2G using the Toyota bZ4X to explore how EVs support both customers and the grid SDG&E research collaboration location to feature bidirectional charger onsite SDG&E's service territory represents one of the largest Toyota BEV and PHEV ownership markets PLANO, Texas and SAN DIEGO , Nov. 14, 2023 /PRNewswire/ -- Toyota Motor North America (Toyota) and San Diego Gas & Electric Company (SDG&E), a Southern California-based public utility that serves 3.7 million people, announced today that they have agreed to collaborate on vehicle-to-grid (V2G) research for battery electric vehicles (BEVs) using a Toyota bZ4X. The V2G research will explore bidirectional power flow technology that enables BEV owners to both charge their vehicle's batteries from the electric grid and discharge electricity from the batteries back to the grid.

Toyota Expands Vehicle-to-Grid (V2G) Research with San Diego Gas & Electric Company Collaboration

Between December 2023 and March 2024, customers who sign up will receive a text message when there is a 20% or more increase in the monthly natural gas commodity cost, which impacts a portion of their bills LOS ANGELES , Nov. 14, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) today introduced an optional customer text message called the Natural Gas Price Notice. Customers who sign up will receive a text message from SoCalGas when there is a 20 percent or more increase in the monthly natural gas commodity cost – which impacts a portion of their bills.

SoCalGas Introduces Optional Text Message for Notifications About Natural Gas Commodity Price Increases

SAN DIEGO , Nov. 7, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that it has priced its registered public offering of 17,142,858 shares of its common stock in connection with the forward sale agreements described below at $70.00 per share. The offering is expected to close on or about November 10, 2023, subject to customary closing conditions.

Sempra Announces Pricing of Public Offering of Common Stock

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SAN DIEGO , Nov. 7, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that it is commencing a registered public offering of $1,000,000,000 of shares of its common stock in connection with the forward sale agreements described below, subject to market and other conditions. Sempra intends to grant the underwriters the option to purchase directly from Sempra up to an additional $150,000,000 of shares of its common stock, solely to cover over-allotments, if any.

Sempra Announces Proposed Public Offering of Common Stock

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Vanguard High Dividend Yield ETF

There are 22 stocks on my high yield watchlist for November 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks underperformed the Vanguard High Yield Dividend ETF by about 1% during the month of October.

High Yield Stock Watchlist - November 2023

SoCalGas contributed approximately $650,000 to the $3.2 million project, which has received funding from the U.S. Department of Energy (DOE) to support innovative carbon removal technologies to help enable a carbon neutral future. LOS ANGELES , Nov. 6, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) announced today that after nearly two years of development, an innovative carbon removal technology called Hybrid Direct Air Capture (HDAC) is being brought online in Bakersfield, CA.

Innovative Hybrid Direct Air Capture Technology Pilot Launches as Carbon Management Solutions Scale Up Across the U.S.

Sempra's (SRE) third-quarter 2023 adjusted earnings beat the Zacks Consensus Estimate by 6.9%.

Sempra (SRE) Q3 Earnings Beat Estimates, Revenues Fall Y/Y

Although the revenue and EPS for Sempra (SRE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Sempra (SRE) Q3 Earnings

Utility Sempra on Thursday topped estimates for quarterly profit on strength in its energy infrastructure business, but sharply lowered its full-year earnings forecast.

Sempra cuts full-year earnings forecast but posts upbeat Q3

Sempra Energy Inc.'s stock SRE, +1.88% fell 3% early Friday, after the energy infrastructure company posted better-than-expected third-quarter profit but revenue that fell short of estimates. San Diego-based Sempra said it had net income of $721 million, or $1.14 share, for the third quarter, up from $485 million, or 77 cents a share, in the year-earlier period.

Sempra Energy's stock lower premarket after revenue falls short of estimates

DALLAS , Nov. 3, 2023 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2023 net income of $380 million compared to net income of $318 million in the three months ended September 30, 2022. This $62 million increase was driven by higher revenues primarily from increased customer consumption due to warmer weather in the quarter, updates to transmission annual billing factors, new base rates, updated interim distribution cost recovery factor ("DCRF") rates to reflect increases in invested capital and customer growth, and favorable changes in other income and deductions–net.

ONCOR REPORTS THIRD QUARTER 2023 RESULTS

Updating 2023 GAAP EPS guidance range and expecting to be at or above the high-end of full-year 2023 adjusted EPS guidance range Expecting 10% to 20% increase above current five-year $40 billion capital plan SAN DIEGO , Nov. 3, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced third-quarter 2023 earnings of $721 million, or $1.14 per diluted share, compared to third-quarter 2022 earnings of $485 million, or $0.77 per diluted share. On an adjusted basis, the company's third-quarter 2023 earnings were $685 million or $1.08 per diluted share, compared to $622 million, or $0.98 per diluted share, in 2022.

Sempra Reports Strong Third-Quarter 2023 Earnings Results

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With optimism springing in markets today on the back of the Fed leaving rates unchanged, several intriguing companies are set to report third quarter results on Friday, November 3 with now looking like a good time to buy their stocks.

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88 Restaurants across SoCalGas' Service Area will receive grants to support technology adoption, equipment upgrades, employee onboarding and retention, or unforeseen hardships LOS ANGELES , Oct. 26, 2023 /PRNewswire/ -- Beginning today, independent restaurants can apply for a $5,000 grant from the California Restaurant Foundation 's (CRF)  Restaurants Care® Resilience Fund . Earlier this year, Southern California Gas Co. (SoCalGas) donated $1 million to the Resilience Fund, bringing it to $2.1 million —the largest fund to date since the program's inception in 2021.

Restaurants Encouraged to Apply for $5,000 Grant through California Restaurant Foundation's Resilience Fund, Made Possible by SoCalGas

The consensus price target hints at a 26.6% upside potential for Sempra (SRE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Does Sempra (SRE) Have the Potential to Rally 26.58% as Wall Street Analysts Expect?

Multiple natural gas export terminals are set to begin operations, increasing LNG exports from 14 BCF/d to over 26.5 BCF/day by 2030. Projects under construction such as Corpus Christi Stage 3, ECA Phase 1 and Port Arthur Phase 1 headline meaningful growth for Cheniere and Sempra. Both Cheniere and Sempra's LNG export divisions are in growth mode which can translate into high levels of free cash flow in the next 3 to 5 years.

The Dividend Investor's Natural Gas Export Playbook - Part 3

Retrofitted hydrogen fuel cell electric vans project could help reduce greenhouse gas emissions ONTARIO, Calif. , Oct. 19, 2023 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and the Center for Transportation and the Environment (CTE) have deployed the first of a planned 15 hydrogen fuel cell electric vehicle (FCEV) medium-duty delivery vans, as part of their collaborative effort to replace diesel-powered vehicles and reduce greenhouse gas emissions.

News for Sempra Energy Stock (SRE)