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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

Sempra Declares Common Dividend

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Sempra (SRE) Declares $0.595 Quarterly Dividend on Common Stock
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Toyota Expands Vehicle-to-Grid (V2G) Research with San Diego Gas & Electric Company Collaboration

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Toyota (TM) and San Diego Gas & Electric Company (SDG&E) collaborate on V2G research for battery electric vehicles (BEVs) using Toyota bZ4X, focusing on customer experience, business model, and technology aspects. V2G technology enables bidirectional power flow, potentially supporting energy reliability, resilience, renewable integration, and reduced electricity costs. Understanding BEV owners' needs and charging habits is crucial for widespread V2G adoption.
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SoCalGas Introduces Optional Text Message for Notifications About Natural Gas Commodity Price Increases

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SoCalGas Introduces Natural Gas Price Notice Text Message for Customers, Allowing Them to Receive Alerts on 20% or More Increase in Monthly Commodity Cost. Starting from November 14, 2023, customers can sign up to receive alerts from December 2023 to March 2024.
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Sempra Announces Pricing of Public Offering of Common Stock

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Sempra (NYSE: SRE) Announces Pricing of Public Offering at $70.00 per Share
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Sempra Announces Proposed Public Offering of Common Stock

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Sempra (NYSE: SRE) (BMV: SRE) Announces $1B Public Offering of Common Stock with Forward Sale Agreements
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Innovative Hybrid Direct Air Capture Technology Pilot Launches as Carbon Management Solutions Scale Up Across the U.S.

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SoCalGas has contributed $650,000 to an innovative carbon removal technology project called Hybrid Direct Air Capture (HDAC), developed by Avnos, Inc. The technology removes carbon dioxide from the air and generates water using only electricity. SoCalGas is also partnering with Avnos on a larger pilot project to demonstrate scalability. The project aims to support California's goal of sequestering 100 million metric tons of CO2 by 2045.
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ONCOR REPORTS THIRD QUARTER 2023 RESULTS

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Oncor Electric Delivery Company reported a net income of $380 million for the three months ended September 30, 2023, a $62 million increase compared to the same period last year. The increase was driven by higher revenues from increased customer consumption and favorable changes in other income and deductions. However, net income for the nine months ended September 30, 2023, decreased by $58 million compared to the same period last year due to write-off of rate base disallowances. Total distribution base revenues increased by 18.5% in the third quarter of 2023, driven by higher revenues from residential and large commercial and industrial customers. Oncor connected approximately 20,000 new premises to the grid in the third quarter and had 755 active generation and retail transmission point-of-interconnection requests in queue at the end of September 2023.
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Sempra Reports Strong Third-Quarter 2023 Earnings Results

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Sempra announces third-quarter 2023 earnings of $721 million, or $1.14 per diluted share, compared to $485 million, or $0.77 per diluted share, in the same quarter last year. On an adjusted basis, the company's earnings were $685 million or $1.08 per diluted share, compared to $622 million, or $0.98 per diluted share, in 2022. Sempra updates its full-year 2023 GAAP EPS guidance range to $4.44 to $4.74 and expects to be at or above its full-year 2023 adjusted EPS guidance range of $4.30 to $4.60.
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Restaurants Encouraged to Apply for $5,000 Grant through California Restaurant Foundation's Resilience Fund, Made Possible by SoCalGas

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SoCalGas donates $1 million to the California Restaurant Foundation's Resilience Fund, providing grants to independent restaurants for technology adoption, equipment upgrades, employee onboarding, and unforeseen hardships. Applications open from October 25 to November 8, 2023.
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SoCalGas Joins Center for Transportation and the Environment to Reduce Emissions with Innovative Hydrogen Fuel Cell Electric Delivery Vans

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SoCalGas and CTE deploy hydrogen fuel cell electric vans to reduce greenhouse gas emissions
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FAQ

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

The current stock price of Sempra (SRE) is $87.61 as of December 26, 2024.

What is the market cap of Sempra (SRE)?

The market cap of Sempra (SRE) is approximately 55.1B.

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

NYSE:SRE

SRE Rankings

#244 Ranked by Market Cap
#1123 Ranked by Dividends

SRE Stock Data

55.11B
632.96M
0.02%
92.12%
2.62%
Utilities - Diversified
Gas & Other Services Combined
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United States of America
SAN DIEGO