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 Energy (SRE) is a leading North American energy infrastructure company serving over 40 million consumers through regulated utilities and strategic infrastructure projects. This page aggregates official press releases, financial disclosures, and operational updates to serve as investors' primary source for tracking SRE's market activities.
Access real-time announcements including quarterly earnings reports, regulatory filings, and infrastructure investment updates. Our curated feed ensures stakeholders stay informed about California utility operations, Texas transmission developments, and LNG project milestones without promotional bias.
Key updates cover rate case decisions, grid modernization progress, and sustainability initiatives. Bookmark this page for immediate access to SRE's verified financial communications and strategic announcements, enabling data-driven analysis of one of the energy sector's most stable dividend performers.
Sempra Energy (SRE) reported Q1 2021 earnings of $874 million, or $2.87 per share, up from $760 million, or $2.53 per share, in Q1 2020. Adjusted earnings rose to $900 million ($2.95 per share) from $741 million ($2.47 per share). The firm emphasized its focus on utilities and safety improvements. Sempra aims for net-zero GHG emissions by 2045 and is advancing its capital plans, particularly through Oncor. The company updated its 2021 GAAP EPS guidance to a range of $7.42 to $8.02, affirming adjusted EPS guidance of $7.50 to $8.10.
On April 27, 2021, Southern California Gas Co. (SoCalGas) announced a $200,000 funding commitment to Zero Emission Industries for a hydrogen fuel cell technology project aimed at transforming small commercial marine vessels. This initiative aligns with California's climate goals by reducing greenhouse gas emissions from over 1 million vessels predominantly under 40 feet long. The project will test a modified commercial boat with a hydrogen powertrain for six months in the San Francisco Bay and Long Beach, showcasing SoCalGas's pledge for net-zero emissions by 2045.
Sempra Energy (NYSE: SRE) has launched an exchange offer to acquire all outstanding shares of IEnova not already owned by the company. This offer entails exchanging each IEnova share for 0.0323 shares of Sempra Energy's stock. The offer will expire on May 24, 2021. This initiative aims to simplify Sempra’s non-utility infrastructure investments under Sempra Infrastructure Partners, enhancing scale and synergy. Recently, Sempra announced a deal to sell a 20% interest in Sempra Infrastructure Partners to KKR for $3.37 billion, marking a significant step in its growth strategy.
Southern California Gas Co. (SoCalGas) announced the conversion of 200 new Ford F-250 service trucks to run on renewable natural gas (RNG), aiming to cut over 2,000 metric tons of CO2 equivalent emissions annually—equivalent to removing 1,800 cars from the roads for a year. With this initiative, nearly 40% of SoCalGas' service vehicles will utilize clean fuels. The company aims for net-zero greenhouse gas emissions by 2045 and is the largest gas utility in North America to set such a target, reflecting its commitment to sustainability and cleaner energy solutions.
Southern California Gas Co. (SoCalGas) announced a partnership with SunLine Transit Agency to demonstrate innovative technologies for producing hydrogen from renewable natural gas (RNG). The three-year project, named 'H2 SilverSTARS', aims to supply renewable hydrogen for SunLine's fleet of hydrogen fuel cell buses. The project features Linde's HydroPrime HC300 MIN and STARS-165 SMR technologies, capable of producing up to 650 kg and 330 kg of hydrogen daily, respectively. This initiative supports California's zero-emission vehicle goals and aims to make hydrogen fuel competitive with gasoline.
On April 20, 2021, Southern California Gas Co. announced a partnership with H2U Technologies to test a new, cost-effective PEM electrolyzer technology for green hydrogen production. This innovation may reduce production costs by 50% and total ownership costs by 75%. The Gramme 50 electrolyzer produces up to 80 kg of hydrogen daily, beneficial for clean energy storage and use. This initiative aligns with SoCalGas' commitment to achieve net zero carbon emissions by 2045 and supports California's renewable energy goals.
On April 19, 2021, San Diego Gas & Electric (SDG&E) announced advancements in its sustainability strategy, committing to reach net zero greenhouse gas (GHG) emissions by 2045. Key initiatives include developing two hydrogen pilot projects, enhancing battery storage facilities, and launching a vehicle-to-grid pilot with electric school buses. SDG&E aims to expand its energy storage capacity to 135 MW and increase electric vehicle charging infrastructure. These efforts align with local climate objectives, promoting clean energy innovations and collaboration within the community.
Sempra Energy (NYSE: SRE) plans to discuss Oncor Electric Delivery Company's first quarter 2021 results during a conference call on May 5 at 12 p.m. ET. The earnings release will be available on Oncor's website prior to the call. The report will cover operational and financial results for the period ended March 31, 2021. Following the call, Oncor's Quarterly Report on Form 10-Q will be filed with the SEC, and details will also be accessible at oncor.com.
Sempra Energy (NYSE: SRE) is set to announce its first-quarter 2021 earnings on May 5 at 7 a.m. ET. A conference call will follow at 12 p.m. ET, accessible via a live webcast on the company's website. Earnings slide presentation will also be available at 7 a.m. ET the same day. Sempra Energy, with over $66 billion in total assets, serves over 36 million consumers across North America, focusing on lower-carbon energy solutions.
The company is recognized for its commitment to sustainability and has been named one of the "World's Most Admired Companies" for 2021.
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