Welcome to our dedicated page for Sempra Energy news (Ticker: SRE), a resource for investors and traders seeking the latest updates and insights on Sempra Energy stock.
Company Overview
Sempra Energy is a diversified energy infrastructure company that delivers reliable natural gas and electricity services across key North American markets. With an established reputation for operational excellence and robust asset management, the company excels in providing essential energy services while upholding stringent safety and reliability standards. As a Fortune 500 entity, Sempra Energy operates through a portfolio of regulated utilities and specialized infrastructure segments that support one of the largest energy customer bases in the United States.
Regulated Utilities and Customer Services
Sempra Energy’s core utilities include major subsidiaries that distribute natural gas and electricity in high-demand regions. Its California-based utilities serve expansive consumer networks with a focus on safe, reliable, and increasingly renewable energy solutions. The company’s operational framework integrates advanced technologies and modernized transmission systems to maintain grid stability and efficiency, addressing both daily energy needs and emergency-response scenarios.
Energy Infrastructure and Transmission
Another significant facet of Sempra Energy is its infrastructure operations, which include transmission and distribution networks that are vital for ensuring continuous energy delivery in rapidly growing markets. By managing and investing in extensive electric grid modernization projects and natural gas pipelines, Sempra demonstrates its commitment to maintaining resilient and adaptive infrastructure. Its initiatives span from traditional energy systems to innovative projects that explore alternative storage techniques and advanced grid management, thereby underpinning its status as a long-term asset in the energy sector.
Market Position and Business Model
Positioned at the intersection of regulated utilities and energy infrastructure development, Sempra Energy leverages its broad asset base and operational scale to compete in diverse energy markets. The company generates revenue primarily through the regulated distribution of natural gas and electricity, along with investments in energy infrastructure projects that facilitate regional and international energy connectivity. This diversified business model allows Sempra to balance the steady cash flow from regulated utilities with growth opportunities in large-scale infrastructure projects.
Commitment to Innovation and Community
Sempra Energy is recognized for its strategic investments in technology and modernization that ensure reliable service and support market evolution. Its systematic approach to grid resiliency, asset management, and cross-border energy integration reflects an in-depth understanding of current energy trends and challenges. Furthermore, the company is actively engaged in community initiatives, demonstrating a commitment to supporting consumer needs and public safety while promoting modern energy solutions that enhance societal well-being.
Operational Excellence and Strategic Insights
With a well-organized operational structure, Sempra Energy utilizes a network of regulated subsidiaries and infrastructure development units to deliver energy services effectively. Its expertise in managing large-scale projects, navigating complex regulatory environments, and employing advanced asset management practices underscores the depth of its industry experience. Sempra Energy’s approach to easing systemic challenges—such as grid modernization and sustainable energy integration—positions the company as a knowledgeable resource in the energy market.
Conclusion
In summary, Sempra Energy stands as a pivotal player in the energy infrastructure sector, blending traditional regulated utility operations with innovative infrastructure projects. The company’s comprehensive business model, spanning from natural gas and electricity distribution to advanced transmission and innovative energy storage solutions, demonstrates its commitment to reliability, safety, and long-term operational excellence. For investors and industry observers, understanding Sempra Energy’s multifaceted approach offers key insights into the mechanisms that drive the modern energy landscape.
SoCalGas (SOCGP) has announced its regular quarterly dividend declaration for preferred series stock. The company's board of directors has declared a dividend of $0.375 per share for Preferred Stock, Series A. The dividend will be paid on July 15, 2025, to shareholders who are on record as of June 10, 2025.
Sempra (NYSE: SRE) has announced strategic actions to simplify its portfolio and recycle capital, focusing on growth in Texas and California utilities. The company plans to:
1. Sell Ecogas México, which operates three utility franchises serving over 600,000 consumers through 5,000 kilometers of distribution pipelines
2. Divest a minority stake in Sempra Infrastructure, following previous sales of 20% to KKR in 2021 ($16.9B valuation) and 10% to Abu Dhabi Investment Authority in 2022 ($17.9B valuation)
The company's LNG expansion includes Energía Costa Azul LNG Phase 1 (targeting spring 2026 operations) and Port Arthur LNG Phase 1 (Trains 1 and 2 expected 2027-2028). Port Arthur LNG Phase 2 is under development with potential Saudi Aramco participation. These transactions, expected to complete in 12-18 months, aim to be earnings-per-share accretive and enhance credit ratings.
SoCalGas (SOCGP) has announced its first renewable natural gas (RNG) contract with Organic Energy Solutions (OES), marking a significant milestone under California's SB 1440 program. The contract, approved by the California Public Utilities Commission, will source RNG from organic waste in San Bernardino.
The project, set to begin operations in the second half of 2026, will convert industrial and food waste through anaerobic digestion into pipeline-quality RNG. OES estimates it will prevent approximately 15,300 tons of greenhouse gases annually, equivalent to the energy usage of 2,984 homes per year.
SoCalGas aims to replace 12% of traditional natural gas for residential and small business customers with RNG by 2030. The company has already achieved 5% RNG delivery to customers since 2023 and operates 37 carbon-negative fueling stations. This initiative supports California's goal to reduce methane emissions by 40% by 2030.
SDG&E has received CPUC approval to expand its Westside Canal Battery Energy Storage facility in California's Imperial Valley. The expansion will add 100 MW of storage capacity to the existing 131 MW facility, making it 231 MW total when completed in June 2025.
The expanded facility will be SDG&E's largest utility-owned battery storage asset. By year-end, the company's total battery storage portfolio is expected to reach 480 MW of power capacity and over 1.9 GWh of energy storage, including two additional projects in San Diego County.
The expansion will provide four key services: generation capacity, ancillary services, energy balancing, and congestion management. SDG&E has already returned $200 million in federal tax credits to customers, helping lower average monthly electric delivery bills for residential customers for the second consecutive year.
Oncor Electric Delivery reported strong 2024 results with net income of $968 million, up from $864 million in 2023. The company announced an ambitious $36.1 billion capital plan for 2025-2029, including $7.1 billion for 2025, to support Texas' unprecedented growth in energy demand.
The increased net income was driven by higher revenues from updated interim rates, increased transmission billing units, customer growth, and base rates implemented in May 2023. These gains were partially offset by lower consumption due to milder weather, higher interest and depreciation expenses, and increased operation and maintenance costs.
Oncor added 77,000 premises in 2024 and placed over $2 billion of transmission projects into service. The company set records for transmission point-of-interconnection requests, with 976 active requests in queue by year-end—a 28% increase from 2023. Large commercial and industrial load growth accelerated significantly, with interconnection requests exceeding 137 gigawatts.
The new capital plan represents a $12 billion increase from the previous five-year plan, with additional potential incremental opportunities of approximately $12 billion identified. Oncor is contemplating filing a comprehensive base rate review later this year and received approval for its System Resiliency Plan in November 2024.
Sempra (NYSE: SRE) has reported its 2024 financial results with full-year GAAP earnings of $2.82 billion or $4.42 per diluted share, compared to $3.03 billion or $4.79 per diluted share in 2023. On an adjusted basis, 2024 earnings were $2.97 billion or $4.65 per diluted share, up from $2.92 billion or $4.61 per diluted share in 2023.
The company announced a significant increase in its five-year capital plan to $56 billion, representing a 16% increase from its prior plan. Over 90% of projected capital expenditures will focus on regulated utility investments in Texas and California. Sempra is targeting a 2025 final investment decision for Port Arthur LNG Phase 2.
Sempra has adjusted its 2025 EPS guidance to $4.30-$4.70 and issued 2026 EPS guidance of $4.80-$5.30. The company has also increased its long-term EPS growth rate to 7%-9%. Over half of planned capital expenditures are earmarked for Texas, with Oncor's new five-year capital plan of $36 billion representing a 50% increase over last year's plan.
The board of directors declared a quarterly dividend of $0.645 per share, increasing the annualized dividend to $2.58 per share from $2.48 in 2024.
Sempra (NYSE: SRE) has earned a spot on Fortune Magazine's World's Most Admired Companies list for 2025, marking its 15th year of recognition. The company serves approximately 40 million consumers, representing about 10% of the U.S. population, through its three growth platforms: Sempra California, Sempra Texas, and Sempra Infrastructure.
The company's electric and natural gas delivery operations have gained recognition for their focus on reliability and grid modernization, including wildfire prevention and adoption of cleaner fuels like renewable natural gas and hydrogen. Sempra Infrastructure contributes to global energy security and power sector decarbonization through LNG exports, low carbon solutions, and energy networks in North America.
The selection process, conducted in partnership with Korn Ferry, involved executives, directors, and analysts rating companies within their industries based on nine criteria, including investment value, management quality, products, social responsibility, and talent attraction.
SDG&E has made history by becoming the first California utility to receive the prestigious Cal/OSHA Voluntary Protection Program (VPP) safety certification at its Kearny Mesa facility. This recognition, the highest safety honor offered by California's occupational safety division, comes after a rigorous five-year evaluation process.
The facility, which serves as the backbone of SDG&E's regional electrical operations, demonstrated exceptional workplace safety practices, employee engagement, and injury prevention measures. The site also houses a 30-megawatt battery energy storage system, showcasing the company's commitment to innovation and reliability.
Key achievements highlighted by Cal/OSHA include innovative safety initiatives such as hazard reporting tools, ergonomic equipment upgrades, and employee-led safety briefings. The certification process evaluated the company's comprehensive training programs, proactive hazard prevention culture, and overall safety management systems, all of which exceeded standard regulatory requirements.
Oncor Electric Delivery Company has announced it will release its fourth quarter and year end 2024 results on February 25, before Sempra's (NYSE: SRE) conference call. The results will be available on oncor.com. Sempra will host a conference call at 12 p.m. ET on February 25 to discuss Oncor's operational and financial results.
Investors and interested parties can access the live webcast through Sempra's website, with presentation slides available before the call. A replay will be accessible after the event. Oncor's Annual Report on Form 10-K for 2024 will be filed with the SEC after the conference call.
Oncor operates the largest transmission and distribution system in Texas, serving over 4 million customers and managing more than 143,000 circuit miles of lines. The company is majority-owned by Sempra, with Texas Transmission Investment as minority owner.
Sempra (NYSE: SRE) has announced it will release its fourth-quarter and full-year 2024 earnings on February 25, 2025, at 8 a.m. ET. The announcement will include an update on the company's five-year capital and financing plan.
A conference call led by Chairman and CEO Jeffrey W. Martin, CFO Karen Sedgwick, and other senior leaders will be held at 12 p.m. ET on the same day. The call will be accessible via webcast through the Investors section of Sempra's website. An accompanying slide presentation will be available on the Investors site by 8 a.m. ET, and a replay of the webcast will be provided for those unable to attend the live event.
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