Sempra Energy Stock Price, News & Analysis

Sempra (NYSE: SRE) announced a quarterly dividend of $1.10 per share, payable on January 15, 2022, to shareholders of record by December 23, 2021. With over $66 billion in total assets and serving over 36 million consumers, Sempra aims to be a leader in North America's energy infrastructure. The company emphasizes its commitment to lower-carbon energy solutions and has been recognized for sustainable business practices, being included in the Dow Jones Sustainability World Index.

Southern California Gas Company (SoCalGas) is investing approximately $650,000 in a $3.2 million project to test Isothermal Water Vapor and CO₂ Capture (IWVC) technology that captures carbon dioxide while collecting reusable water for irrigation. The project, supported by the U.S. Department of Energy, aims to demonstrate the technology's efficiency and cost-effectiveness. If successful, this system could generate 15 million gallons of water daily and remove 1.8 million tons of CO₂ annually, supporting California's net-zero climate goals.

Southern California Gas Co. (SoCalGas) has partnered with People Assisting The Homeless (PATH) and LA Family Housing (LAFH) as part of Project Homekey, aimed at relocating homeless individuals into permanent housing. To date, SoCalGas has contributed over $300,000 towards energy efficiency programs benefiting over 650 Project Homekey units. The initiative, supported by $2.75 billion in federal funds, aims to create sustainable housing solutions. SoCalGas has implemented energy-saving measures across multiple sites, providing significant savings on utility bills for residents.

Oncor Electric Delivery Company reported a net income of $258 million for Q3 2021, unchanged from Q3 2020. Revenue growth stemmed from base transmission and distribution rate updates, despite rising operational expenses and reduced miscellaneous revenues. For the nine months ending September 30, 2021, net income increased to $595 million from $565 million the previous year. Oncor plans to invest a record $15 billion over five years to enhance Texas's electric grid infrastructure. The company aims for a 27.6 billion rate base by 2026, reflecting an 8% annual growth rate.

Sempra reported a third-quarter 2021 loss of $648 million, or $2.03 per diluted share, due to a $1.1 billion charge related to the Aliso Canyon leak. Adjusted earnings were $545 million, or $1.70 per share, up from $432 million, or $1.49 per share, year-over-year. For 2021, the company updated its GAAP EPS guidance to $3.01 to $3.61 and adjusted EPS guidance to $7.75 to $8.35. In Texas, Oncor's capital plan reached $15 billion, supporting economic growth, while Sempra sold a 20% stake in Sempra Infrastructure for $3.37 billion to fund future growth.

Southern California Gas Co. (SoCalGas) has inaugurated a new renewable natural gas (RNG) fueling station in Menifee, California, the sixteenth station it operates. This initiative aligns with SoCalGas' commitment to achieving net zero emissions by 2045. RNG usage as a transportation fuel in California has surged by 177% over the past five years, with more than 92% of natural gas trucks in the state powered by RNG. The new station supports emission reduction efforts in the heavy-duty transportation sector while enhancing community energy options.

Southern California Gas Co. (SoCalGas) has announced energy-saving tips for customers as winter approaches, amid rising natural gas prices nationwide. The cooler temperatures have led to increased gas usage, with bills potentially rising three to seven times. SoCalGas claims its programs saved customers $44 million and cut greenhouse gas emissions by 211,000 metric tons. Customers are advised to utilize energy-efficient practices, such as lowering thermostats and fixing leaks, to manage costs effectively.