Sempra - SRE STOCK NEWS

On August 11, 2020, Southern California Gas Co. (SoCalGas) marked National 811 Day, emphasizing the importance of contacting 811 prior to any excavation projects. This service connects excavators with utility companies to prevent accidental damage to underground lines, thereby protecting public safety. SoCalGas reported nearly 3,000 underground infrastructure damages in the past year, emphasizing that contacting 811 reduces the risk of accidents by 99%. The company also launched a 'Dig It to Win It' contest to promote safe digging practices.

Southern California Gas Co. (SoCalGas) is awarding $150,000 in Climate Adaptation & Resiliency Grants to support municipalities in enhancing climate resilience against risks like wildfires and floods. Each of the three selected cities will receive $50,000 to aid in developing plans that address climate vulnerabilities, particularly in disadvantaged communities. Applications are accepted until September 30, 2020. The grants, funded by shareholders, aim to foster collaboration among local governments and utility companies, without impacting gas bills.

Sempra LNG announced that the Cameron LNG export facility in Hackberry, Louisiana, has commenced full commercial operations, enhancing Sempra's LNG business in North America. The facility has shipped nearly 100 cargoes, totaling over 6 million tonnes of LNG. This milestone will enable run-rate earnings under tolling agreements, expected to generate approximately $12 billion in cash flows over a 20-year period. Development of Cameron LNG Phase 2 is underway, with all offtake capacity secured, though project completion remains subject to risks.

Sempra Energy (SRE) reported a significant increase in second-quarter 2020 earnings, posting $2.239 billion or $7.61 per diluted share, compared to $354 million or $1.26 per share in Q2 2019. Adjusted earnings also rose to $485 million ($1.65/share) from $309 million ($1.10/share) year-over-year. The company completed the sale of its South American businesses, generating approximately $8.3 billion in total proceeds. Sempra is set to invest a record $32 billion in capital from 2020-2024, focusing on safety and reliability improvements in its utility businesses.

On August 4, 2020, the board of directors of Southern California Gas Co. (SoCalGas) announced the declaration of regular quarterly dividends for its preferred series stock. Shareholders will receive a dividend of $0.375 per share for both the preferred stock and Series A preferred stock. The dividends are payable on October 15, 2020, to shareholders of record by September 10, 2020. SoCalGas, a subsidiary of Sempra Energy, serves 21.8 million customers across 24,000 square miles in California, focusing on renewable energy initiatives.

On August 4, 2020, Southern California Gas Co. (SoCalGas) announced a partnership with Goodwill Southern California to promote energy efficiency programs for qualifying customers. The Energy Savings Assistance (ESA) program and the California Alternate Rates for Energy (CARE) bill discount program aim to help customers save on their bills, potentially exceeding $800 annually. With over 1.5 million current CARE participants, the initiative extends critical support amid the economic impact of COVID-19. SoCalGas will distribute information through participating Goodwill stores and provide services to enhance home energy efficiency.

Oncor Electric Delivery Company plans to release its Q2 2020 results on August 5, just before Sempra Energy's second quarter conference call. Investors can access Oncor's earnings release on oncor.com. The conference call will occur at 12 p.m. ET on the same date and will cover Oncor's operational and financial performance. A slide presentation will be available beforehand, and a replay will follow shortly after. Oncor's Q2 2020 report will be filed with the SEC after the call and can also be found on its website.

Sempra Energy (NYSE: SRE) has announced it will report its second-quarter 2020 earnings at 7 a.m. ET on August 5. A conference call for investors, media, and the public will follow at 12 p.m. ET on the same day. The earnings presentation will be accessible on Sempra's website by 7 a.m. ET. This report is significant as Sempra continues to strengthen its position as a leader in energy infrastructure, serving over 35 million consumers across North America.

Southern California Gas Co. (Sempra Energy - SRE) has donated $25,000 to LA Conservation Corps for its Food Waste Prevention program, collecting up to 9,000 pounds of food daily from local businesses. This initiative addresses food insecurity heightened by COVID-19, distributing food to over 33,000 individuals monthly through MEND. Since its inception in 2018, the program has diverted nearly 1 million pounds of food from landfills and rescued 787,500 pounds of edible food. SoCalGas's commitment includes previous donations exceeding $7.6 million to community causes, highlighting its social responsibility efforts.