Sempra Energy Stock Price, News & Analysis

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.

SoCalGas announced a $75,000 grant to three NAACP branches to support college scholarship programs, benefiting 15 students with $5,000 each. The scholarships will assist with tuition, books, and housing. SoCalGas has partnered with the NAACP for over 20 years and aims to alleviate financial burdens for students during challenging times. The initiative reflects SoCalGas's commitment to social equity and community support, having doubled its charitable spending in Black communities last year. The grants will be awarded through the NAACP's established scholarship selection process.

On January 29, 2021, Southern California Gas Co. (SoCalGas) was recognized by the Utility Analytics Institute (UAI) as the most innovative utility in data analytics among over 150 competitors. The award highlights SoCalGas' advancements in using data to enhance safety, save costs, and promote energy conservation. Notably, data initiatives have resulted in annual savings of over $64 million for customers and a reduction of nearly 193,000 metric tons of greenhouse gas emissions. The company continues to prioritize safety and efficiency through targeted data-driven strategies amidst COVID-19.

On January 27, 2021, Southern California Gas Co. (SoCalGas) and the San Gabriel Valley Council of Governments (SGVCOG) presented the 2020 Energy Champion Awards. The awards recognized 13 cities and one school district for their energy efficiency efforts, with categories including bronze, silver, and gold. Notable projects saved significant energy, such as the City of San Gabriel's initiative saving 14,074 therms. SoCalGas offers rebates for energy-efficient appliances, promoting sustainability in California's climate goals.

Southern California Gas Co. (SoCalGas) was honored as the Corporate Member of the Year by the Los Angeles Area Chamber of Commerce on Jan. 19, 2021. This recognition highlights SoCalGas's commitment to economic growth, demonstrated through initiatives like a virtual job fair with over 1,000 registrants and support for small businesses. SoCalGas, led by Denita Willoughby, contributed significantly to community partnerships and plans to continue its efforts in providing affordable and sustainable energy solutions while enhancing the local economy.

SoCalGas has awarded $150,000 in grants to the cities of Compton, Anaheim, and Palmdale as part of its Climate Adaptation and Resiliency Planning Grant program. Each city will receive $50,000 to enhance local planning efforts against climate change risks like extreme heat, wildfires, and flooding. Over the past three years, SoCalGas has distributed $400,000 through this initiative. Cities will use the funds to update safety and general plans, with a focus on community vulnerabilities and sustainable development. SoCalGas aims to support renewable energy projects and resilience strategies while reducing greenhouse gas emissions.

Southern California Gas Co. (SoCalGas) partnered with The Salvation Army for the Rescue Christmas 2020 event on December 21 and 22, benefiting over 1,000 families in Riverside County impacted by COVID-19. This initiative highlights a significant 300% increase in families seeking assistance due to pandemic hardships. SoCalGas emphasizes community support, having donated over $3.2 million for COVID-19 recovery efforts. They also shared information on the California Alternate Rate for Energy (CARE) program, which helps families save on utility bills.