Sempra Energy Stock Price, News & Analysis

Sempra Energy (NYSE: SRE) announced a $1 million pledge through its foundation to aid Texas communities impacted by a severe winter storm. This follows a $250,000 donation for food relief in Houston and Southeast Texas and complements a $1 million contribution by Oncor Electric Delivery Company. These funds will provide essential resources such as food and water to affected residents. Since 2018, Sempra and its foundation have donated nearly $4 million to Texas nonprofits.

Oncor Electric Delivery Company reported a net income of $713 million for 2020, up from $651 million in 2019, driven by revenue growth from transmission and distribution rate updates. The company noted an increase in residential customer revenues of 0.9% despite a 0.8% decline from commercial customers. Oncor achieved a 2.1% organic growth rate in premises while also managing challenges from severe winter storms. The company plans capital expenditures of $2.4 billion in 2021 and expects sufficient liquidity for operations.

Sempra Energy reported a significant increase in full-year 2020 earnings of $3.76 billion, or $12.88 per diluted share, up from $2.06 billion in 2019. Adjusted earnings also rose to $2.35 billion, reflecting strong business growth. The board declared a quarterly dividend increase to $1.10 per share, leading to an annualized dividend of $4.40. Sempra's capital investments reached approximately $7 billion in 2020, with a focus on U.S. Utilities. The company is advancing its LNG projects and reaffirmed its 2021 EPS guidance of $7.50 to $8.10, supporting its commitment to a sustainable energy future.

The board of directors of Southern California Gas Co. (SoCalGas) has declared a quarterly dividend of $0.375 per share for its preferred stock and Series A preferred stock. These dividends will be payable on April 15, 2021, to shareholders recorded by March 10, 2021. SoCalGas operates as the largest gas distribution utility in the U.S., serving 21.8 million customers across 24,000 square miles of California. The company's mission focuses on providing renewable gas services while investing in infrastructure improvements.

On February 8, 2021, Southern California Gas Co. (SoCalGas) announced a $1.3 million investment to develop four innovative hydrogen fuel technologies, aiming to enhance emissions-free transportation in California. The initiative is part of a larger $11.7 million funding backed by the California Energy Commission to support clean hydrogen projects, including fuel-cell marine vessels and hydrogen refueling stations. SoCalGas is committed to advancing low- and zero-carbon technologies, aligning with California's climate goals for zero-emission vehicles by 2035.

On February 5, 2021, Southern California Gas Co. (SoCalGas) announced energy savings tips to assist customers in managing their utility bills during colder months. The utility noted that usage of natural gas can increase significantly in winter. To help, SoCalGas provides customer assistance programs, including discounts and free home improvements, aimed at reducing energy costs. Notable tips include lowering thermostats and sealing leaks. SoCalGas is committed to offering affordable natural gas while enhancing its infrastructure as part of a broader mission to transition to renewable energy sources.

Oncor Electric Delivery Company is set to announce its fourth quarter and year-end 2020 results on February 25, before the Sempra Energy conference call. Investors can access the earnings release on Oncor's website. The call will take place at 12 p.m. ET on the same day, discussing Oncor's operational and financial performance. A slide presentation will be available prior to the call, and a replay can be accessed later on the Sempra Energy website.

Sempra Energy (NYSE: SRE) will announce its fourth-quarter and 2020 year-end earnings on February 25, 2021, at 7 a.m. ET. A conference call for investors, media, and analysts will follow at 12 p.m. ET, live on the company's website. A slide presentation with earnings details will also be available at 7 a.m. on the same day. Sempra Energy, headquartered in San Diego, has over $60 billion in assets and serves over 35 million consumers across North America.

Sempra Energy's Mexican subsidiary, IEnova, is set to release its year-end and fourth-quarter 2020 earnings on February 18 at 6 p.m. ET. This will precede a conference call with executives scheduled for February 19 at 11 a.m. ET. Investors can access briefing materials on IEnova's website, and a live webcast of the conference call will be available. IEnova, a significant player in Mexico's energy infrastructure, reported total assets of approximately $9.6 billion by the end of 2019, and employs around 1,300 individuals.