Sempra Energy Stock Price, News & Analysis

Oncor Electric Delivery reported Q1 2025 net income of $181 million, down from $225 million in Q1 2024, primarily due to higher interest and depreciation expenses. Despite lower earnings, the company demonstrated strong operational growth, adding nearly 19,000 new premises and upgrading 800 circuit miles of transmission lines. The company saw a 35% year-over-year increase in transmission interconnection requests. Notably, Oncor's active interconnection queue includes 506 large commercial/industrial requests, comprising 22GW of industrial load and 156GW from data centers. The Public Utility Commission of Texas approved 765-kV transmission import paths in the Permian Basin, with ERCOT estimating the total project cost at $15 billion, of which Oncor expects to be responsible for over half. The company maintains strong liquidity of $3.8 billion as of May 7, 2025, and continues to execute its $7.1 billion 2025 capital plan.

Sempra (NYSE: SRE) reported strong Q1 2025 earnings with GAAP earnings of $906 million ($1.39 per share), up from $801 million ($1.26 per share) in Q1 2024. Adjusted earnings reached $942 million ($1.44 per share), compared to $854 million ($1.34 per share) in 2024.

The company's Texas subsidiary, Oncor, is executing a $36.1 billion five-year capital plan and saw a 35% increase in transmission interconnection requests. In California, SDGE received approval for a 100MW battery storage expansion, while SoCalGas secured its first renewable natural gas procurement contract.

Sempra updated its 2025 GAAP EPS guidance to $4.25-$4.65 and affirmed adjusted EPS guidance of $4.30-$4.70. The company announced plans to sell Ecogas México and a minority stake in Sempra Infrastructure Partners, expected to be completed within 12-18 months and accretive to earnings.

SoCalGas and the Los Angeles Dodgers Foundation hosted a major STEM mentorship event at SoCalGas' Energy Resource Center, bringing together 50 students from various LA programs including Brotherhood Crusade and Dodgers Dreamteam.

The event featured interactive sessions on engineering, sustainability, and STEM in sports, along with networking opportunities with industry professionals. Students toured North America's first clean hydrogen-powered microgrid and home model at the LEED-certified facility.

Over the past five years, SoCalGas has demonstrated strong commitment to STEM education by:

• Sponsoring over 100 STEM events
• Awarding scholarships
• Donating more than $2.5 million to workforce development organizations

The initiative aims to create pathways for local youth into STEM careers while supporting innovation in the energy sector through partnerships with educational institutions and organizations offering training, mentorship, and career advancement opportunities.

Oncor Electric Delivery Company, Texas's largest transmission and distribution system operator, announced it will release its first quarter 2025 results on May 8, 2025, before Sempra's (NYSE: SRE) Q1 earnings conference call.

The earnings release will be available on oncor.com, followed by Sempra's conference call at 12 p.m. ET, which will discuss Oncor's operational and financial results. Investors and interested parties can access the live webcast through Sempra's website, with presentation slides available before the call.

Oncor serves over 4 million homes and businesses and operates more than 144,000 circuit miles of transmission and distribution lines in Texas. The company is majority-owned by Sempra with Texas Transmission Investment as minority owner.

Sempra (NYSE: SRE) has announced it will release its first-quarter 2025 earnings on Thursday, May 8, 2025, at 8:00 a.m. ET. The company will host a conference call at 12:00 p.m. ET the same day, led by Chairman and CEO Jeffrey W. Martin, Executive Vice President and CFO Karen Sedgwick, and other senior leaders.

A live webcast of the conference call will be available to investors, media, analysts, and the public through registration on Sempra's Investors website. An earnings presentation will be published on the Investors site at 8:00 a.m. ET, and a replay of the webcast will be made available shortly after the call concludes.

SoCalGas (SOCGP) has announced its regular quarterly dividend declaration for preferred series stock. The company's board of directors has declared a dividend of $0.375 per share for Preferred Stock, Series A. The dividend will be paid on July 15, 2025, to shareholders who are on record as of June 10, 2025.

Sempra (NYSE: SRE) has announced strategic actions to simplify its portfolio and recycle capital, focusing on growth in Texas and California utilities. The company plans to:

1. Sell Ecogas México, which operates three utility franchises serving over 600,000 consumers through 5,000 kilometers of distribution pipelines

2. Divest a minority stake in Sempra Infrastructure, following previous sales of 20% to KKR in 2021 ($16.9B valuation) and 10% to Abu Dhabi Investment Authority in 2022 ($17.9B valuation)

The company's LNG expansion includes Energía Costa Azul LNG Phase 1 (targeting spring 2026 operations) and Port Arthur LNG Phase 1 (Trains 1 and 2 expected 2027-2028). Port Arthur LNG Phase 2 is under development with potential Saudi Aramco participation. These transactions, expected to complete in 12-18 months, aim to be earnings-per-share accretive and enhance credit ratings.

SoCalGas (SOCGP) has announced its first renewable natural gas (RNG) contract with Organic Energy Solutions (OES), marking a significant milestone under California's SB 1440 program. The contract, approved by the California Public Utilities Commission, will source RNG from organic waste in San Bernardino.

The project, set to begin operations in the second half of 2026, will convert industrial and food waste through anaerobic digestion into pipeline-quality RNG. OES estimates it will prevent approximately 15,300 tons of greenhouse gases annually, equivalent to the energy usage of 2,984 homes per year.

SoCalGas aims to replace 12% of traditional natural gas for residential and small business customers with RNG by 2030. The company has already achieved 5% RNG delivery to customers since 2023 and operates 37 carbon-negative fueling stations. This initiative supports California's goal to reduce methane emissions by 40% by 2030.

SDG&E has received CPUC approval to expand its Westside Canal Battery Energy Storage facility in California's Imperial Valley. The expansion will add 100 MW of storage capacity to the existing 131 MW facility, making it 231 MW total when completed in June 2025.

The expanded facility will be SDG&E's largest utility-owned battery storage asset. By year-end, the company's total battery storage portfolio is expected to reach 480 MW of power capacity and over 1.9 GWh of energy storage, including two additional projects in San Diego County.

The expansion will provide four key services: generation capacity, ancillary services, energy balancing, and congestion management. SDG&E has already returned $200 million in federal tax credits to customers, helping lower average monthly electric delivery bills for residential customers for the second consecutive year.