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.
Sempra (NYSE: SRE) has been recognized as a Trendsetter in political disclosure practices for the sixth consecutive year, scoring 95.7 out of 100 in the 2021 CPA-Zicklin Index. This ranking places Sempra among the top-performing utility companies alongside two others. The average score for the 493 companies studied was only 51.4. Sempra's commitment to transparency and strong corporate governance is highlighted by its placement on Newsweek's 'America's Most Responsible Companies' list for 2022. The company aims to be North America's premier energy infrastructure firm, serving over 36 million consumers.
The board of directors of Southern California Gas Co. (SoCalGas) has declared quarterly dividends of $0.375 per share for its preferred series stock, including Series A. These dividends will be payable on January 15, 2022, to shareholders of record as of December 10, 2021. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers across 24,000 square miles in California, emphasizing a commitment to clean energy and sustainability, including plans for net-zero greenhouse gas emissions by 2045.
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.
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