Sempra Energy Stock Price, News & Analysis

Sempra Infrastructure announced a heads of agreement with RWE Supply & Trading for a long-term supply of approximately 2.25 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 1 project in Texas. This agreement supports energy security for U.S. allies in Europe and advances lower-carbon LNG objectives. The parties aim to finalize a 15-year definitive agreement and collaborate on reducing greenhouse gas emissions associated with LNG deliveries. The Port Arthur project aims for a capacity of around 13.5 Mtpa and is fully permitted.

Sempra Infrastructure has entered a participation agreement with TotalEnergies, Mitsui & Co., Ltd., and Mitsubishi Corporation for the Hackberry Carbon Sequestration project in Southwest Louisiana. The project aims to capture and store carbon dioxide (CO2) from Cameron LNG Phase 1 and 2 export projects, positioning it as a cornerstone in reducing emissions. An application for a Class VI Injection well permit was filed to allow the permanent storage of up to 2 million tonnes of CO2 annually. This initiative aligns with Louisiana's goals for net-zero emissions by 2050.

The board of directors of Southern California Gas Co. (SoCalGas) declared a quarterly dividend of $0.375 per share for its preferred stock and Preferred Stock, Series A. The dividends are payable on July 15, 2022, to shareholders on record as of June 10, 2022. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers across 24,000 square miles in Central and Southern California, focusing on affordability and renewable energy.

San Diego Gas & Electric (SDG&E) submitted its 2024-2027 budget proposal to the California Public Utilities Commission (CPUC), focusing on enhancing energy reliability and supporting state climate goals. SDG&E aims to maintain low electric bills, despite potential increases of approximately $9 for electricity and $9.60 for natural gas monthly. Key investments include expanding EV infrastructure, modernizing the grid, and reducing wildfire risks. The CPUC is expected to review the proposal, with rate changes effective January 1, 2024.

Sempra Infrastructure has entered into a heads of agreement with PGNiG for the purchase of approximately 3 million tonnes per annum of liquefied natural gas (LNG) from its North American projects. This agreement, aimed at enhancing energy security in Poland, includes negotiations for 20-year LNG sale-and-purchase agreements from the Cameron LNG Phase 2 in Louisiana and the Port Arthur LNG project in Texas. Additionally, the agreement highlights a focus on greenhouse gas reduction and mitigation strategies. However, final agreements and project developments are subject to significant risks and uncertainties.

Sempra (NYSE: SRE) announced a quarterly dividend of $1.145 per share on May 12, 2022, payable on July 15, 2022. Shareholders of record as of July 7, 2022 will receive this dividend. Sempra aims to be North America's leading energy infrastructure company, serving nearly 40 million consumers, with over $72 billion in total assets as of 2021. The company emphasizes sustainability and has been recognized in the Dow Jones Sustainability World Index, demonstrating its commitment to the energy transition through electrification and decarbonization efforts.

San Diego Gas & Electric (SDG&E) has developed an innovative digital tool, the Community Impact Platform, aimed at reducing fleet vehicle emissions in communities affected by pollution. Recognized on Fast Company’s 2022 World Changing Ideas list, the platform integrates AI with fleet GPS and socioeconomic data to optimize vehicle replacement. It has analyzed over eighty million data points to visualize carbon emissions, aligning with SDG&E’s sustainability goals in San Diego and Orange counties.

Southern California Gas Co. (SoCalGas) has renewed its commitment to supply renewable natural gas (RNG) across its 38 fueling stations, including six in the San Diego area, through new three-year contracts. This initiative has successfully avoided approximately 275,000 metric tons of CO2 emissions over the last three years, equivalent to nearly 31 million gallons of gasoline. The renewal reinforces partnerships with U.S. Gain and Element Markets, enhancing RNG availability as demand rises, and aligns with California's climate goals.