Sempra Energy Stock Price, News & Analysis

Sempra Infrastructure (NYSE: SRE) has signed a significant 20-year LNG supply agreement with EQT Corporation for 2 million tonnes per annum (Mtpa) from the Port Arthur LNG Phase 2 project in Texas. The agreement follows recent similar deals with JERA (1.5 Mtpa) and ConocoPhillips (4 Mtpa).

The Port Arthur LNG Phase 2 development has secured all major permits and selected Bechtel for engineering and construction. The project will add two liquefaction trains with 13 Mtpa capacity, potentially doubling the facility's total capacity to 26 Mtpa. Phase 1 is under construction with expected commercial operations in 2027-2028, while Phase 2's final investment decision is targeted for 2025.

EQT Corporation (NYSE: EQT) has entered into a significant 20-year LNG supply agreement with Sempra Infrastructure for 2 million tonnes per annum of LNG from the Port Arthur LNG Phase 2 project in Texas. The agreement is structured on a free-on-board basis with pricing indexed to Henry Hub.

The Port Arthur LNG Phase 2 development has secured all major permits and has attracted strong buyer interest, with recent agreements including a 1.5 Mtpa deal with JERA Co. and a 4 Mtpa agreement with ConocoPhillips. The project will include two liquefaction trains with a total capacity of approximately 13 Mtpa, potentially doubling the facility's total capacity to 26 Mtpa when combined with Phase 1.

Phase 1 is currently under construction with expected commercial operations beginning in 2027 and 2028 for trains 1 and 2 respectively. Sempra Infrastructure aims to make a final investment decision on Phase 2 in 2025.

ConocoPhillips (NYSE: COP) has signed a significant 20-year LNG sales and purchase agreement with Sempra Infrastructure to purchase 4 million tonnes per annum (MTPA) of LNG from the Port Arthur LNG Phase 2 project in Texas. This agreement builds upon COP's existing partnership with Sempra, following a previous 5 MTPA agreement and 30% equity stake in Phase 1 signed in July 2022.

The free-on-board basis agreement strengthens ConocoPhillips' global LNG portfolio strategy and enhances its ability to deliver natural gas to key global markets. While the Phase 1 project is expected to start up in 2027, COP's participation in Phase 2 will be limited to offtake only, with the final investment decision still pending.

Sempra (NYSE: SRE) has announced a significant expansion of its Port Arthur LNG project through a new partnership with ConocoPhillips (NYSE: COP). The companies have signed a 20-year sale and purchase agreement (SPA) for 4 million tonnes per annum (Mtpa) of LNG offtake from the Port Arthur LNG Phase 2 development project in Texas.

The Phase 2 development will add two new liquefaction trains, increasing the facility's total capacity from 13 Mtpa to approximately 26 Mtpa. The project has secured all major permits, including FERC approval and DOE export authorization. Sempra Infrastructure has also signed a separate 20-year SPA with JERA Co. Inc. for 1.5 Mtpa of LNG offtake. The company targets making a final investment decision on Phase 2 in 2025.

Oncor Electric Delivery (NYSE: SRE) reported Q2 2025 net income of $259 million, up from $251 million in Q2 2024. The company's six-month net income decreased to $440 million from $476 million year-over-year. Key highlights include implementation of a $7.1 billion annual capital expenditure plan and progress on system resiliency initiatives.

The company completed 2,000 miles of resiliency assessments and added nearly 20,000 new premises in Q2. Oncor's active large commercial and industrial interconnection queue increased 38% year-over-year with 552 requests. The company anticipates its 2025-2029 capital plan could exceed original estimates by $12 billion.

S&P recently downgraded Oncor's credit rating from "A" to "A-" citing elevated wildfire risks, while maintaining a stable outlook. The company filed a comprehensive base rate review request, with a regulatory decision expected in Q1 2026.

Sempra (NYSE: SRE) reported Q2 2025 GAAP earnings of $461 million ($0.71 per diluted share), down from $713 million ($1.12 per share) in Q2 2024. Adjusted earnings were $583 million ($0.89 per share), compared to $567 million in Q2 2024.

The company made progress on strategic initiatives, including potential equity sale at Sempra Infrastructure to KKR and the planned sale of Ecogas México. Oncor filed for a base rate review in Texas, while Sempra California invested over $1.2 billion in capital during Q2. Sempra Infrastructure secured a 20-year LNG agreement with JERA for Port Arthur Phase 2.

Sempra updated its 2025 GAAP EPS guidance to $4.05-$4.45, maintained adjusted EPS guidance of $4.30-$4.70, and affirmed 2026 EPS guidance of $4.80-$5.30.

Sempra Infrastructure (NYSE: SRE) has signed a significant 20-year sale and purchase agreement with JERA Co. for 1.5 million tonnes per annum of LNG from the Port Arthur LNG Phase 2 project in Texas. The agreement follows a non-binding heads of agreement from June 2025.

The Port Arthur LNG Phase 2 project will include two liquefaction trains with a capacity of 13 Mtpa, potentially doubling the facility's total capacity to 26 Mtpa. The project has secured key permits, including FERC authorization and DOE export approval. Phase 1 of the project is under construction with expected commercial operation in 2027-2028.

SoCalGas (NYSE:SOCGP) reported significant achievements in its energy efficiency programs for 2024, helping customers save over $95 million on utility bills. The company's initiatives resulted in savings of 50 million net therms of energy, equivalent to the annual natural gas consumption of 125,000 California homes, while avoiding 260,000 metric tons of CO2 emissions.

Through its Marketplace and GoGreen programs, SoCalGas facilitated nearly $67 million in facility and appliance improvements. The company's water conservation efforts saved over 1 billion gallons of water in 2024, with an expected lifetime savings of 11 billion gallons. SoCalGas manages over 70 energy-efficiency programs and engaged with more than 2 million customers in 2024.

[ "Customer savings of over $95 million on utility bills in 2024", "Energy savings of 50 million net therms, equivalent to 125,000 homes' annual usage", "Facilitated $67 million in facility and appliance improvements", "Water conservation efforts saved over 1 billion gallons in 2024", "Engagement with more than 2 million customers through various programs", "Received ENERGY STAR Partner of the Year Award and Climate Registry's Organizational Leadership Award" ]

San Diego Gas & Electric (NYSE: SRE) has received two prestigious 2025 Chartwell Best Practices Awards for excellence in outage operations and communications. The company earned the Gold Award for its Wildfire Next Generation System (WiNGS) platform, which enhances wildfire risk reduction and outage management through real-time risk modeling and automated tracking. The Silver Award recognizes SDGE's successful communication strategy during Public Safety Power Shutoff events, reaching over 274,000 customers through multi-channel alerts in 22 languages.

The company's achievements highlight its innovative approach to community safety, including the deployment of AI-driven analytics, drone imagery, and the operation of ten Community Resource Centers to support vulnerable populations during extreme weather events.