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 Q3 2020 earnings of $351 million ($1.21/share), a significant decrease from $813 million ($2.84/share) in Q3 2019. Adjusted earnings for Q3 2020 were $380 million ($1.31/share) versus $425 million ($1.50/share) year-over-year. For the first nine months, earnings surged to $3.35 billion ($11.43/share), up from $1.61 billion ($5.74/share) in the same period of 2019. The company is focusing on high-growth markets and infrastructure investments, reaffirming full-year 2020 EPS guidance of $12.50 to $13.10.
Southern California Gas Co. (SoCalGas) has commenced the dispensing of California-produced renewable natural gas (RNG) at its fueling stations. The utility has partnered with Calgren Dairy Fuels to source RNG derived from dairy manure, contributing to greenhouse gas reduction. This marks a significant shift as SoCalGas previously used RNG solely from out-of-state sources. By the end of 2023, over 160 RNG production facilities are expected to be operational in California, aiming to replace around 119 million gallons of diesel annually and cut greenhouse emissions by more than 3.4 million tons.
Southern California Gas Co. (SoCalGas) has partnered with The Laundry Truck LA (TLTLA) to launch a new mobile laundry trailer for unhoused individuals in Greater Los Angeles. The trailer, featuring five washers and dryers, aims to provide over 10,000 laundry loads by the end of 2020. SoCalGas has previously contributed $25,000 and a CNG truck from Landi Renzo USA to support TLTLA's efforts. Access to laundry services is essential in improving the hygiene and self-esteem of those experiencing homelessness, especially during the COVID-19 pandemic.
SoCalGas and the YMCA-LA have partnered to address equity challenges in Los Angeles County by providing free unlimited internet access at 20 YMCA branches. Funded by a $60,000 donation from SoCalGas, this initiative aims to bridge the digital divide, assisting students and families with distance learning, tele-health resources, and job opportunities. The program commenced on October 19, 2020, with four branches initially, expanding to all locations by November. This partnership reflects a commitment to improving community quality of life and ensuring equal access to essential resources.
Oncor Electric Delivery Company LLC will announce its third quarter 2020 results on November 5, ahead of Sempra Energy's conference call. Interested parties can access Oncor's earnings release on its website. The conference call, scheduled for 12 p.m. ET on the same day, will cover Oncor's operational and financial results. A replay will be available later. Additionally, Oncor will file its Quarterly Report on Form 10-Q after the call, which will also be accessible on its website.
Sempra Energy (NYSE: SRE) is set to release its third-quarter 2020 earnings on November 5, 2020, at 7 a.m. ET. Following this, a conference call will be held at 12 p.m. ET for investors, analysts, and the public to discuss the results. Interested parties can access the live webcast on the company's website. Additionally, a slide presentation detailing the earnings will also be posted on the same day at 7 a.m. ET. Sempra Energy is recognized for its significant assets and commitment to sustainability, with a customer base exceeding 35 million.
On October 15, 2020, Southern California Gas Co. (SoCalGas) participated in the 13th annual Great California ShakeOut, highlighting emergency preparedness amid natural disaster risks in California. SoCalGas emphasized safety tips for customers, urging caution around natural gas usage post-earthquake. With over 10.9 million Californians participating last year, the event serves to raise awareness of earthquake readiness. SoCalGas also aims to replace 20% of its traditional gas supply with renewable sources by 2030, reinforcing its commitment to clean energy delivery.
Sempra Energy (NYSE: SRE) announced a $100,000 pledge to aid recovery efforts in Southwest Louisiana and Southeast Texas following Hurricane Delta. This contribution builds on a prior commitment of $500,000 after Hurricane Laura. The funds aim to support families and small businesses impacted by the storms and ongoing economic challenges due to the COVID-19 pandemic. Over the last three years, Sempra Energy, alongside its foundation, has dedicated more than $3.5 million to nonprofits in Texas and Louisiana, demonstrating its commitment to community resilience.
On October 8, 2020, Southern California Gas Co. (SoCalGas) and Longo Toyota of El Monte donated 1,008 meals to Meals on Wheels to honor National Hydrogen & Fuel Cell Day. This event emphasizes the significance of hydrogen-powered vehicles, particularly the Toyota Mirai, which operates on hydrogen and emits only water. SoCalGas identifies hydrogen as vital for California's clean energy future, aligning with Governor Newsom's zero-emissions vehicle mandate by 2035. The initiative reinforces SoCalGas's commitment to sustainable energy and innovation in hydrogen technology.
FAQ
What is the current stock price of Sempra Energy (SRE)?
What is the market cap of Sempra Energy (SRE)?
