Sempra Energy Stock Price, News & Analysis

Sempra (SRE) reported second-quarter 2021 earnings of $424 million or $1.37 per diluted share, a sharp decline from $2.239 billion or $7.61 per share in Q2 2020. Adjusted earnings were $504 million or $1.63 per diluted share, slightly up from $501 million or $1.71 per share year-over-year. Year-to-date earnings reached $1.298 billion, down from $2.999 billion in 2020. The company updated its 2021 GAAP EPS guidance to a range of $7.41 to $8.01, affirming adjusted EPS guidance of $7.75 to $8.35.

On August 4, 2021, Southern California Gas Co. (SoCalGas) announced the declaration of regular quarterly dividends for its preferred series stock, amounting to $0.375 per share for both the preferred stock and Series A preferred stock. The dividends will be payable on October 15, 2021, to shareholders of record as of September 10, 2021. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers and is committed to enhancing its infrastructure while aiming for net-zero greenhouse gas emissions by 2045.

San Diego Gas & Electric (SDG&E) announced its wildfire mitigation efforts for the 2021 season, focusing on reducing Public Safety Power Shutoff (PSPS) impacts and enhancing regional resilience. Key initiatives include strategic undergrounding, expansion of the generator grant program, and the implementation of advanced technologies like state-of-the-art flow batteries and mobile power stations. These improvements aim to benefit nearly 11,000 customers and support sustainability goals, with a commitment to integrating clean energy solutions while ensuring safety during wildfire threats.

Southern California Gas Company (SoCalGas) is collaborating with Sierra Northern Railway and Gas Technology Institute to develop a zero-emission hydrogen fuel cell engine for switcher locomotives. The California Energy Commission has awarded nearly $4 million for this project, with SoCalGas contributing $500,000. This initiative aims to replace high-emission diesel locomotives, potentially eliminating over 100 metric tons of CO2 annually and significantly improving air quality in California's port areas. The project aligns with SoCalGas's goal of achieving net zero greenhouse gas emissions by 2045.

On July 26, 2021, Southern California Gas Co. (SoCalGas) announced its submission of several research initiatives to the U.S. Department of Energy's Hydrogen Earthshot Program. These initiatives aim to advance clean hydrogen technologies that could lead to reduced emissions and job creation. Collaborating with institutions like UCI and UCLA, SoCalGas targets a goal of $1.50/kg for green hydrogen by 2030. SoCalGas is also committed to achieving net-zero greenhouse gas emissions by 2045, making it a leader in the clean energy transition.

Oncor Electric Delivery Company plans to release its second quarter 2021 results on August 5, prior to Sempra's second quarter conference call. The earnings will be accessible on Oncor's website. Sempra executives will discuss Oncor's operational and financial outcomes during a conference call at 12 p.m. ET on the same day, available via webcast on Sempra's site. A replay will also be provided. Oncor operates the largest electricity distribution system in Texas, serving over 3.7 million consumers and managing over 139,000 miles of lines.

Sempra (NYSE: SRE) is set to release its second-quarter 2021 earnings on August 5, 2021, at 7 a.m. ET. A conference call will follow at 12 p.m. ET that same day, accessible via live webcast on the company's website. Prior to the call, a detailed slide presentation will be posted at 7 a.m. ET. Sempra, with over $66 billion in total assets, aims to be North America's premier energy infrastructure company, delivering energy solutions to over 36 million consumers.

Southern California Gas Co. and San Diego Gas & Electric have ranked among the top 20 Large Companies on IDG Insider Pro and Computerworld's 2021 list of 100 Best Places to Work in IT. This recognition highlights their commitment to employee satisfaction and career advancement in a challenging pandemic environment. The annual list is based on surveys and questionnaires evaluating company benefits, training, and retention strategies. Both utilities are subordinates of Sempra Energy, which emphasizes innovation and sustainability in their operations.

Sempra (NYSE: SRE) provided a strategic and financial update during its 2021 Virtual Investor Day, highlighting the integration of North American economies and a focus on energy infrastructure. The company announced a $32 billion capital plan aimed at delivering growth and shareholder value. Full-year 2021 GAAP EPS guidance was increased to $7.67 to $8.27, with 2022 guidance set at $8.10 to $8.70. Sempra is advancing its renewables and LNG projects and enhancing its brand to reflect its infrastructure-focused strategy.