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Sempra - SRE STOCK NEWS

Welcome to our dedicated page for Sempra news (Ticker: SRE), a resource for investors and traders seeking the latest updates and insights on Sempra stock.

Sempra (NYSE: SRE), headquartered in San Diego, is a prominent Fortune 500 energy services holding company. It boasts a substantial revenue of over $11 billion in 2014 and a workforce of 17,000 employees serving more than 32 million consumers globally. Sempra operates through its diverse subsidiaries, including San Diego Gas & Electric Co. and Southern California Gas Co., providing natural gas and electricity to over 20 million people in California. It also holds a significant 80% stake in Oncor, servicing 10 million customers in Texas.

Sempra's infrastructure initiatives extend across North America, where it owns and operates liquefied natural gas (LNG) facilities and energy assets in Mexico. Recent financial performance highlights include 2023 GAAP earnings of $3.03 billion, a significant increase from $2.09 billion in 2022. This growth is attributed to robust business strategies and a five-year capital plan of approximately $48 billion, focusing heavily on California and Texas markets.

Three growth platforms stand out: Sempra California, focusing on energy reliability and sustainability with major projects like 200 megawatts of utility-owned battery storage; Sempra Texas, witnessing substantial investment in infrastructure to support economic growth; and Sempra Infrastructure, emphasizing LNG production with projects like Cameron LNG Phase 1 and Energía Costa Azul LNG Phase 1. Additionally, Sempra is exploring hydrogen and carbon capture technologies to meet global energy demands.

Notable achievements include recognition for sustainability and innovation, evidenced by awards like Fast Company's

News

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

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SoCalGas collaborates with Electrochaea and LLNL to develop a single-stage electro-bioreactor for synthetic biomethane production, potentially revolutionizing biomethane production and decarbonizing gas infrastructure. The project aims to increase RNG yield and reduce greenhouse gas emissions, supported by a $1 million DOE grant. The technology could enable the decarbonization of the natural gas grid infrastructure, aligning with California's carbon neutrality goals by 2045.
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Sempra Infrastructure Launches Cimarron Wind Project

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Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), has made a positive final investment decision for the Cimarron wind project, part of the Energía Sierra Juarez wind complex. The project will have 320 MW of wind capacity and is fully contracted under a 20-year agreement with Silicon Valley Power. With an estimated cost of $550 million, the project is set to start generating energy in late 2025, aiming to support clean renewable energy needs. The project is expected to create over 2,000 jobs and reduce greenhouse gas emissions by 210,000 metric tons annually.
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SDG&E'S SUPPLY CHAIN BOOSTS ECONOMY BY $2.6 BILLION IN 2023

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SDG&E's procurement program generated $2.59 billion in direct economic impact in 2023, with 43% of total expenditures going to diverse suppliers. The company exceeded CPUC's supplier diversity goal for the 19th consecutive year, showcasing a commitment to economic prosperity and inclusion.
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Students Learn About Financial Literacy and Energy Efficiency Through SoCalGas' Junior Achievement Storefront that Showcases Clean Energy's Future

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SoCalGas Unveils Revamped Storefront at JA Finance Park to Educate Students on Clean Energy and Financial Literacy
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ONCOR REPORTS 2023 RESULTS; ANNOUNCES $24.2 BILLION 2024-2028 CAPITAL PLAN

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Oncor Electric Delivery Company LLC reported a decrease in net income for the twelve months ended December 31, 2023, compared to the same period in 2022. The decrease was attributed to higher costs related to invested capital, operation, and maintenance expenses, and write-offs of rate base disallowances. However, the company saw an increase in revenues due to updated interim rates, customer growth, and new base rates. Oncor also announced a significant $24.2 billion five-year capital expenditures plan to enhance the Texas electric grid's reliability and resiliency.
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Sempra Reports 2023 Financial and Business Results

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Sempra (SRE) reports strong full-year 2023 earnings, with a 20% increase in capital plan to $48 billion. The company raises its common stock dividend for the 14th consecutive year and narrows full-year 2024 EPS guidance range. Sempra affirms a projected long-term EPS growth rate of 6-8%.
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Grants of Up to $200 Available to Help SoCalGas Customers in Need

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SoCalGas announces $1 million Gas Assistance Fund to support eligible customers with grants of up to $200 for natural gas bills in 2024. The Fund is based on total household income and size, aiming to help customers manage their energy consumption and reduce bills. SoCalGas collaborates with United Way of Greater Los Angeles to assist income-qualified customers, offering various energy-saving programs and services.
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SDG&E UNVEILS FOUR ADVANCED MICROGRIDS TO BOOST GRID RESILIENCE AND RELIABILITY

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San Diego Gas & Electric (SDG&E) unveils four new microgrids with advanced remote operation capabilities and safety technologies to enhance grid reliability. The microgrids aim to address energy demands during peak hours and improve grid resilience. The projects, approved by the California Public Utilities Commission, offer a combined storage capacity of 39MW and 180MWh across four substations.
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SoCalGas Showcases Zero Emissions Hydrogen Fuel Cell Electric Technologies by Kenworth and Toyota at 2024 World Ag Expo

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Southern California Gas Company, Kenworth Truck Company, and Toyota Motor North America display hydrogen fuel cell electric vehicles at World Ag Expo to promote decarbonization and reduce emissions. SoCalGas aims to convert 50% of its fleet to alternative fuels by 2025 and achieve a 100% zero emissions fleet by 2035, highlighting the importance of hydrogen technology in reducing greenhouse gas emissions and improving air quality.
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Sempra Named to JUST 100 List for America's Most JUST Companies of 2024

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Sempra (SRE) has been recognized for its commitment to ethical business practices and responsible corporate behavior, earning a spot on the JUST 100 list by CNBC and JUST Capital. The company ranked top 10 in the utilities sector, excelling in areas such as worker and community support, health and safety policies, customer treatment, opportunities for local businesses, and employee-led giving and volunteering. Sempra's dedication to ethical practices has also led to its inclusion in the Dow Jones Sustainability North America Index for 13 consecutive years, as well as placement on Newsweek's list of America's Most Responsible Companies and The Wall Street Journal's Best-Managed Companies for 2023. The company's efforts to invest $2.4 billion with small and diverse-owned businesses in 2022 have created economic opportunities in underrepresented communities.
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FAQ

What is the current stock price of Sempra (SRE)?

The current stock price of Sempra (SRE) is $93.38 as of November 19, 2024.

What is the market cap of Sempra (SRE)?

The market cap of Sempra (SRE) is approximately 58.8B.

What is Sempra?

Sempra is a Fortune 500 energy services holding company based in San Diego, serving over 32 million consumers worldwide.

What services does Sempra provide?

Sempra provides natural gas and electricity through its subsidiaries like San Diego Gas & Electric Co. and Southern California Gas Co.

How many employees does Sempra have?

Sempra employs approximately 17,000 people.

What are Sempra's growth platforms?

Sempra's growth platforms include Sempra California, Sempra Texas, and Sempra Infrastructure, focusing on energy reliability, infrastructure development, and LNG production respectively.

Where does Sempra operate LNG facilities?

Sempra operates LNG facilities in North America and infrastructure in Mexico.

What was Sempra's financial performance in 2023?

In 2023, Sempra reported GAAP earnings of $3.03 billion, a significant increase from $2.09 billion in 2022.

What is Sempra's five-year capital plan?

Sempra's five-year capital plan involves approximately $48 billion in investments, focusing on California and Texas markets.

What sustainability initiatives is Sempra involved in?

Sempra focuses on energy reliability and sustainability, including projects like utility-owned battery storage and exploring hydrogen and carbon capture technologies.

What are some of Sempra's recent achievements?

Sempra has been recognized for sustainability and innovation, receiving accolades like Fast Company's 'Next Big Things in Tech.'

How does Sempra support economic growth in Texas?

Sempra supports economic growth in Texas through substantial investment in infrastructure, including transmission and distribution projects by Oncor.

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Sempra

OTC:SRE

SRE Rankings

#240 Ranked by Market Cap
#1175 Ranked by Dividends

SRE Stock Data

58.78B
632.96M
0.02%
92.03%
2.32%
Utilities - Diversified
Gas & Other Services Combined
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United States of America
SAN DIEGO