Welcome to our dedicated page for Sempra Energy news (Ticker: SRE), a resource for investors and traders seeking the latest updates and insights on Sempra Energy stock.
Sempra Energy (SRE) is a leading North American energy infrastructure company serving over 40 million consumers through regulated utilities and strategic infrastructure projects. This page aggregates official press releases, financial disclosures, and operational updates to serve as investors' primary source for tracking SRE's market activities.
Access real-time announcements including quarterly earnings reports, regulatory filings, and infrastructure investment updates. Our curated feed ensures stakeholders stay informed about California utility operations, Texas transmission developments, and LNG project milestones without promotional bias.
Key updates cover rate case decisions, grid modernization progress, and sustainability initiatives. Bookmark this page for immediate access to SRE's verified financial communications and strategic announcements, enabling data-driven analysis of one of the energy sector's most stable dividend performers.
SoCalGas announced a significant drop in natural gas prices, aligning closer to 2022 figures after unprecedented spikes in January. Contributing factors include improved weather conditions and reduced demand. The restoration of out-of-state pipeline service is poised to boost supply capacity by up to 500 million cubic feet per day. However, natural gas markets remain volatile, influenced by weather changes and ongoing maintenance updates. SoCalGas will file March procurement prices with the California Public Utilities Commission, reflecting the costs incurred for residential and business customers. Customers will see a $50.77 credit on their bills due to accelerated California Climate Credit.
Oncor Electric Delivery Company LLC plans to announce its fourth quarter and year-end 2022 results on February 28, prior to Sempra's (NYSE: SRE) conference call. The earnings release will be accessible on Oncor's website. Following the announcement, Sempra executives will host a conference call at 12 p.m. ET on the same day to discuss Oncor's operational and financial results for the fourth quarter and the full year. A presentation will also be available. Oncor is the largest electricity distribution and transmission entity in Texas, serving over 3.8 million customers with over 140,000 miles of infrastructure.
Sempra (NYSE: SRE) will release its fourth-quarter and full-year 2022 earnings on February 28 at 7 a.m. ET. A conference call will follow at 12 p.m. ET, where executives will discuss the earnings results. Interested parties can access the live webcast through the company's Investors section. An accompanying slide presentation will also be available on the Investors site at the same time. This announcement highlights Sempra's commitment to transparency and investor communication.
SoCalGas customers will receive a one-time California Climate Credit of $50.77 due to high natural gas prices in January. The California Public Utilities Commission (CPUC) approved this credit to be applied in February or March, depending on billing cycles. This acceleration comes as natural gas prices dropped significantly for February but remain higher than last year. SoCalGas emphasizes conservation and offers assistance programs to help customers manage costs. The company does not profit from increased gas prices, as they buy natural gas at market rates without markup, passing the costs to consumers directly.
The board of directors of Southern California Gas Co. declared quarterly dividends of $0.375 per share for its preferred stock, including Series A, payable on April 15, 2023. Shareholders on record as of March 10, 2023 are eligible. As the largest gas distribution utility in the U.S., SoCalGas serves 21.8 million customers across 24,000 square miles in California, focusing on renewable gas services and aiming for net-zero greenhouse gas emissions by 2045. The company is a subsidiary of Sempra (NYSE: SRE).
Southern California Gas Co. (SOCGP) inaugurated North America's first clean hydrogen microgrid on January 30, 2023, with Lieutenant Governor Eleni Kounalakis. The [H2] Innovation Experience aims to provide renewable energy to over 100 homes continuously for up to seven days. CEO Scott Drury emphasized the project’s role in California's clean energy transition, supporting energy reliability and decarbonization. The microgrid, located in Downey, generates hydrogen from solar energy, adhering to LEED Platinum standards, and powers various household appliances. SoCalGas also aims for net-zero emissions by 2045 through projects like the Angeles Link green hydrogen pipeline.
On January 30, 2023, SoCalGas unveiled the [H2] Innovation Experience in Downey, California. This innovative microgrid utilizes renewable hydrogen to power over 100 homes continuously for up to seven days, showcasing California's commitment to clean energy and decarbonization. The project draws solar energy, converts it into hydrogen for storage, and utilizes it for various household appliances. SoCalGas aims for net-zero greenhouse gas emissions by 2045, bolstered by initiatives like the Angeles Link green hydrogen pipeline. The project has received accolades such as Fast Company's World-Changing Ideas Award for its sustainable vision.
Sempra Infrastructure announced a long-term sale and purchase agreement with PKN ORLEN for liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Jefferson County, Texas. PKN ORLEN will purchase approximately 1 million tonnes per annum (Mtpa) of LNG for 20 years, fully subscribing the project's off-take capacity at 10.5 Mtpa under binding contracts. This agreement strengthens PKN ORLEN's energy security in Central Europe. Sempra aims to make a final investment decision (FID) in Q1 2023, with first cargo deliveries expected in 2027. The project includes two liquefaction trains, allowing significant LNG production capacity.
FAQ
What is the current stock price of Sempra Energy (SRE)?
What is the market cap of Sempra Energy (SRE)?
