Sempra Energy Stock Price, News & Analysis

SoCalGas (NYSE:SOCGP) has donated $75,000 to the Pasadena Chamber of Commerce Foundation to support small businesses affected by the Eaton Fire in Altadena, California. The funds will help cover essential expenses including relocation, equipment replacement, and operational restart costs for eligible businesses in the 91001 ZIP code area.

This initiative follows SoCalGas's previous $400,000 contribution to the YMCA of Metropolitan Los Angeles in January for Eaton Fire response. The company has successfully restored natural gas service to nearly 16,000 customers in the Eaton and Palisades fire areas. Business owners can apply for grants through the Pasadena Chamber Foundation website, with awards being determined jointly by the Pasadena Chamber Foundation and Altadena Chamber based on need and proposed fund usage.

SoCalGas is partnering with Labor Community Services (LCS) for the 33rd Annual 'Stamp Out Hunger' Food Drive, contributing 100 volunteers and a $25,000 donation. The initiative aims to sort over 1 million pounds of food donations across Los Angeles County. According to a USC Dornsife study, one in four households (approximately 832,000) in LA County struggled with food insecurity in late 2024, with 29% lacking consistent access to healthy food. The campaign involves 38 post offices and 20 community partners. In 2024, SoCalGas volunteers helped sort 80,000 pounds of food, supporting about 3,280 families. The company's total charitable giving in 2024 reached $10.2 million, including $5.3 million for social impact initiatives.

San Diego Gas & Electric (SDGE) has launched a new Instagram account @thegoatsdge while deploying 300 goats for wildfire prevention, combining ecological solutions with digital engagement. The goats serve as environmentally friendly vegetation managers, clearing flammable materials from transmission corridors while promoting soil health and native vegetation growth. SDGE's comprehensive wildfire mitigation program, which has prevented major utility-related catastrophic fires for 17 years, includes a Wildfire and Climate Resilience Center, sophisticated weather networks with AI integration, and extensive grid resilience measures including 315 miles of strategic undergrounding and 1,600 fire-resistant poles. The initiative showcases SDGE's innovative approach to wildfire prevention, combining traditional ecological methods with cutting-edge technology.

Sempra Infrastructure has signed a non-binding heads of agreement with JERA for a 20-year LNG supply deal from the Port Arthur LNG Phase 2 project in Texas. The agreement covers 1.5 million tonnes per annum of LNG supply. The Phase 2 project, which has received key permits including DOE and FERC authorizations, will add two liquefaction trains with 13 Mtpa capacity, potentially doubling the facility's total capacity to 26 Mtpa. The project has made significant progress, with Bechtel selected for the EPC contract in July 2024 and a previous HOA signed with Aramco in June 2024. Phase 1 of Port Arthur LNG is under construction with expected commercial operation in 2027-2028.

Sempra Infrastructure announced that its Port Arthur LNG Phase 2 project received a crucial non-FTA export permit from the U.S. Department of Energy, allowing export of up to 13.5 million tonnes per annum (Mtpa) of LNG to countries without free-trade agreements with the U.S. The Phase 2 project, which received FERC authorization in September 2023, will include two liquefaction trains, potentially doubling the facility's total capacity to 26 Mtpa. In June 2024, Sempra signed a preliminary agreement with Aramco for LNG offtake and equity investment, and selected Bechtel for the EPC contract. Meanwhile, Phase 1 construction continues with expected commercial operations starting in 2027 for train 1 and 2028 for train 2.

Argan (NYSE: AGX) has appointed Lisa Larroque Alexander to its Board of Directors. Alexander currently serves as Senior Vice President at Sempra (NYSE: SRE), a major energy infrastructure company with a $43 billion market capitalization and 22,000 employees. At Sempra, she leads global corporate affairs and enterprise human resources, managing public policy, stakeholder engagement, talent development, pensions and trusts, corporate ethics, sustainability, and HR. Her extensive experience includes leadership roles in strategy, R&D, public policy, industrial customer operations, and service delivery. The appointment brings valuable energy sector expertise to Argan's board.

Sempra (NYSE: SRE) has announced a quarterly dividend declaration of $0.645 per share on its common stock. The dividend will be paid on July 15, 2025, to shareholders who are recorded as stockholders at the close of business on June 26, 2025. This dividend announcement demonstrates Sempra's commitment to providing regular returns to its shareholders.

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.