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
Rhea-AI Summary
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), has entered into a memorandum of understanding with the Japan Bank for International Cooperation to advance the energy transition through LNG, hydrogen, and decarbonization efforts in the United States and Japan. The collaboration aims to lower the carbon intensity of energy delivery assets, expand relationships with Japanese companies, and support the objectives of the U.S. Department of Energy and Japan's Ministry of Economy, Trade, and Industry. The MOU is non-binding and contingent on completing required commercial agreements, permits, financing, and reaching final investment decisions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
-
Rhea-AI Summary
Sempra (SRE) has been recognized as one of the World's Most Admired Companies for 2024 by Fortune Magazine, marking the 14th consecutive year of this recognition. The company's three growth platforms - Sempra California, Sempra Texas, and Sempra Infrastructure - deliver energy to 40 million consumers, representing roughly 10% of the U.S. population. Sempra's regulated utilities have been acknowledged for leadership in safety, sustainability, and grid reliability. The company's infrastructure business is contributing to energy security and the decarbonization of the power sector globally through various projects. The recognition reflects Sempra's ongoing efforts to fulfill people's energy needs and modernize infrastructure for a cleaner future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
-
Rhea-AI Summary
Oncor Electric Delivery Company LLC plans to release its fourth quarter and year end 2023 results on February 27. Sempra (NYSE: SRE) will host a conference call to discuss Oncor's operational and financial results. Oncor operates the largest transmission and distribution system in Texas, delivering power to more than 3.9 million homes and businesses. The company is owned by Sempra and Texas Transmission Investment LLC and managed by its Board of Directors. Oncor's Annual Report on Form 10-K for the year ended December 31, 2023 will be filed with the U.S. Securities and Exchange Commission after the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
Rhea-AI Summary
Sempra (SRE) is set to release its fourth-quarter and full-year 2023 earnings on February 27, 2024, along with an update on its five-year capital plan. The conference call will be hosted by chairman and CEO Jeffrey W. Martin, executive vice president and CFO Karen Sedgwick, and other senior leaders. A live webcast will be available for investors, media, analysts, and the public, with a slide presentation detailing the earnings results and capital plan update.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.62%
Tags
-
Rhea-AI Summary
SoCalGas has announced regular quarterly dividends for its preferred series stock, with a payout of $0.375 per share. The dividends are payable on April 15, 2024, to shareholders of record on March 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
-
Rhea-AI Summary
Southern California Gas Company (SoCalGas) successfully installed Nostromo Energy's IceBrick system at the Beverly Hilton and Waldorf Astoria hotels, reducing the need for air conditioning during peak electric demand, cutting energy use and costs, and decreasing greenhouse gas emissions. The IceBrick system uses off-peak electricity to convert water into ice, which is then used to cool the building's air conditioning system during peak demand hours. SoCalGas has supported nearly 4,000 projects applying for over $300 million in incentives, with energy efficiency programs reducing greenhouse gas emissions by 1.2 million metric tons of carbon dioxide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
Rhea-AI Summary
Sempra (SRE) Named Among The Wall Street Journal and Drucker Institute's 250 Best Managed Companies for 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.77%
Tags
-
Rhea-AI Summary
California Restaurant Foundation (CRF) awards $5,000 grants to 88 independently owned restaurants in Central and Southern California, supported by SoCalGas' $1,000,000 donation. The grants aim to aid small businesses with equipment upgrades, employee retention, and training, totaling $2.1 million in funding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Sempra (NYSE: SRE) (BMV: SRE) has been named to the Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year, earning recognition as a high performer in risk management, stakeholder engagement, policy influence, and information security/cybersecurity. The company's sustainable business practices have been highlighted in its latest annual corporate sustainability report, showcasing 25 years of advancing sustainable business practices. Sempra's approach to responsible business practices has also earned recognition in the CPA-Zicklin Index, FTSE4Good Index, JUST 100, Fortune Magazine's World's Most Admired Companies, Newsweek's America's Most Responsible Companies, and Forbes' America's Best Employers for Diversity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
Rhea-AI Summary
Southern California Gas Company (SoCalGas) and Bloom Energy (NYSE: BE) have announced the powering of a portion of Caltech's grid with an innovative hydrogen project. This demonstrates the potential to displace traditional natural gas with hydrogen, providing long-duration clean energy storage and dispatchable power generation. The project showcases how leveraging existing infrastructure with electrolyzers and fuel cell technology may create resilient microgrids, safeguarding businesses, communities, and campuses from power disruptions. If developed at scale, this technology may help further California Governor Gavin Newsom's strategic initiatives to develop a hydrogen economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.27%
Tags
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.
Sempra
NYSE:SRE
SRE Rankings
SRE Stock Data
58.78B
632.96M
0.02%
92.03%
2.32%
Utilities - Diversified
Gas & Other Services Combined
United States of America
SAN DIEGO