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 (NYSE: SRE) generates frequent news as a North American energy infrastructure company with major regulated utilities and large-scale energy projects. Public announcements often highlight developments at its California utilities, San Diego Gas & Electric Company (SDG&E) and Southern California Gas Company (SoCalGas), as well as at its Texas affiliate Oncor Electric Delivery Company LLC and its LNG-focused Sempra Infrastructure businesses.
Investors following SRE news can expect regular updates on quarterly earnings, dividend declarations, regulatory proceedings and capital plans. Recent press releases have covered common and preferred dividend announcements, detailed quarterly financial results, and guidance updates. Sempra also issues news about strategic transactions, such as the agreement to sell a 45% equity interest in Sempra Infrastructure Partners to a KKR-led consortium, which is designed to support its utility-focused capital campaign and adjust its business mix.
Subsidiary-level news is also significant. SDG&E has reported recognition for reliability performance in the Western Region and described investments in grid enhancements, safety programs and wildfire mitigation. SoCalGas issues releases on preferred stock dividends and provides background on its role as a large gas distribution utility in Central and Southern California. Oncor regularly reports its quarterly results, capital spending plans and progress on major transmission and distribution projects across Texas.
News related to Sempra Infrastructure often focuses on LNG projects, including final investment decisions, long-term offtake agreements and investor equity arrangements for projects such as Port Arthur LNG Phase 2. Together, these updates give readers insight into how Sempra manages regulatory issues, funds large capital programs and advances energy infrastructure projects. This page aggregates such company and subsidiary announcements so readers can review the latest SRE-related developments in one place.
The board of Southern California Gas Co. has announced a regular quarterly dividend of $0.375 per share for its preferred stock, including Series A. These dividends will be paid on January 15, 2023, to shareholders on record as of December 10, 2022. SoCalGas, a subsidiary of Sempra (NYSE: SRE), serves 21.8 million customers across 24,000 square miles in California and aims for net-zero greenhouse gas emissions by 2045. The company continues to support renewable energy integration in California.
The U.S. Chamber of Commerce Foundation awarded the Sempra Foundation the Best Community Improvement Program honor at the 23rd Annual Citizens Awards. This recognition stems from the Foundation’s initiatives to enhance energy access for under-resourced communities, enabling them to reduce utility costs and repurpose funds to critical needs. Sempra's support has facilitated clean energy solutions to organizations in Ensenada, Tijuana, Tecate, and Mexicali, which are projected to cut greenhouse gas emissions by approximately 3,800 metric tons.
Sempra (NYSE: SRE) and ConocoPhillips (NYSE: COP) have signed a 20-year Sale and Purchase Agreement for 5 Mtpa of liquefied natural gas from the Port Arthur LNG project in Texas. ConocoPhillips will also acquire 30% equity in Phase 1 and manage feedgas supply requirements. This partnership aims to enhance energy security and support global energy supply needs. Sempra expects to make a final investment decision by Q1 2023 following recent contracts with Bechtel Energy for construction. Phase 1 is designed to produce approximately 13.5 Mtpa of LNG.
Southern California Gas Co (SoCalGas) and Captura announced the deployment of a pioneering direct ocean carbon removal technology, utilizing 100% renewable energy to capture excess atmospheric CO2. Installed at Caltech's Kerckhoff Marine Lab, this system will be tested for energy efficiency and CO2 purity. Captura aims to scale this technology to remove millions of tons of CO2, supporting California's climate goals of 20 million metric tons removal by 2030. The initiative aligns with SoCalGas's commitment to net-zero greenhouse gas emissions by 2045.
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Sempra (NYSE: SRE) has declared a quarterly dividend of $1.145 per share on its common stock, payable on January 15, 2023, to shareholders of record by December 22, 2022. This dividend demonstrates Sempra's commitment to returning value to its shareholders while maintaining a strong position in the energy sector. With over $72 billion in total assets, Sempra continues to focus on cleaner energy initiatives and has been recognized for its sustainable business practices, achieving top rankings in environmental, social, and governance metrics.
Williams (NYSE: WMB) has announced a non-binding heads of agreement with Sempra Infrastructure (NYSE: SRE) aimed at enhancing access to low-carbon natural gas from the Haynesville basin. The agreement includes gas sales of approximately 0.5 Bcf/d and LNG offtake agreements totaling about 3 million tons per annum. Additionally, a joint venture for pipeline operations is proposed, focusing on Sempra's Gulf Coast LNG export facilities. This strategic effort supports the growing demand for cleaner energy, aligning with Williams’ focus on sustainability and innovation.
Sempra Infrastructure has signed a heads of agreement (HOA) with Williams for LNG offtake and development of gas pipelines to enhance U.S. natural gas market connectivity. The agreement includes negotiating long-term contracts for roughly 3 million tonnes per annum (Mtpa) of LNG from Port Arthur and Cameron LNG Phase 2 projects. Additionally, a partnership to manage the 2.35 Bcfd Cameron Interstate Pipeline is anticipated. This allows Sempra to advance its LNG initiatives amid growing global energy demands. However, the HOA remains non-binding and subject to various risks.
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Southern California Gas Company (SoCalGas) is collaborating with Google Nest and local non-profits to help customers manage rising energy costs. As part of this initiative, SoCalGas is providing energy-saving resources and has donated 500 ENERGY STAR® certified smart thermostats. The partnership includes the launch of the 'Ways to Save Tool,' offering personalized recommendations and assistance programs for effective energy usage. This effort aims to mitigate the financial impact of winter energy expenses on consumers, especially vulnerable communities.