Sempra operates as an energy-services holding company in the United States and internationally. The company's San Diego Gas & Electric Company segment generates, transmits, and distributes electricity; and supplies natural gas. It offers electric services to approximately 3.7 million population and natural gas services to approximately 3.4 million population that covers 4,100 square miles. Its Southern California Gas Company segment owns and operates a natural gas distribution, transmission, and storage system that supplies natural gas to a population of approximately 22 million covering an area of 24,000 square miles. The company's Sempra Texas Utilities segment engages in the regulated transmission and distribution of electricity serving 3.7 million homes and businesses, and operation of 139,000 miles of transmission and distribution lines. Its transmission system includes 18,127 circuit miles of transmission lines, 336 transmission stations, and 806 distribution substations; distribution system comprises 121,129 miles of overhead and underground lines; and 63 miles of electric transmission lines. The company's Sempra Mexico segment develops, owns, operates, or holds interests in natural gas, electric, LNG, LPG, ethane, and liquid fuels infrastructure; purchases LNG; purchases and sells natural gas; and operates natural-gas-fired, and wind and solar power generation facilities. Its assets/facilities consist of 1,850 miles of natural gas transmission pipelines, 15 compressor stations, and 139 miles of ethane pipelines; and 2,729 miles of natural gas distribution pipelines. Its Sempra LNG segment develops and builds natural gas liquefaction export facilities; holds an interest in a facility for the export of LNG; owns and operates natural gas pipelines; and buys, sells, and transports natural gas. The company was formerly known as Sempra Energy and changed its name to Sempra in July 2021. Sempra was founded in 1998 and is headquartered in San Diego, California.
IPO Year:
Exchange: NYSE
Website: sempra.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/18/2025 | Buy → Hold | Argus | |
3/3/2025 | $96.00 → $77.00 | Buy → Hold | Jefferies |
2/27/2025 | $95.00 → $72.00 | Overweight → Equal Weight | Barclays |
2/26/2025 | $95.00 → $78.00 | Buy → Neutral | UBS |
2/26/2025 | $99.00 → $76.00 | Buy → Neutral | Goldman |
12/13/2024 | $85.00 → $98.00 | Equal-Weight → Overweight | Morgan Stanley |
10/24/2024 | $98.00 | Buy | Jefferies |
9/12/2024 | $94.00 | Buy | BofA Securities |
1/11/2024 | $76.00 → $84.00 | Market Perform → Outperform | BMO Capital Markets |
1/3/2024 | $81.50 | Buy | Ladenburg Thalmann |
DALLAS, Feb. 25, 2025 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported twelve months ended December 31, 2024 net income of $968 million compared to twelve months ended December 31, 2023 net income of $864 million. This $104 million increase was driven by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units, customer growth, and the base rates that went into effect May 2023 along with the write-off of rate base disallowances recorded in the first quarter of 2023; partially offset by lower customer consumption primarily attributable to milder weather when compared to
Raises Five-Year Capital Plan to $56BTargets 2025 FID for Port Arthur LNG Phase 2Adjusts 2025 EPS Guidance to $4.30 to $4.70Issues 2026 EPS Guidance of $4.80 to $5.30Increases Long-Term EPS Growth Rate to 7% to 9% SAN DIEGO, Feb. 25, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) today reported full-year 2024 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $2.82 billion or $4.42 per diluted share, compared to full-year 2023 GAAP earnings of $3.03 billion or $4.79 per diluted share. On an adjusted basis, the company's full-year 2024 earnings were $2.97 billion or $4.65 per diluted share, compared to $2.92 billion or $4.61 per diluted share in 2023. "With th
DALLAS, Feb. 11, 2025 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its fourth quarter and year end 2024 results on February 25, prior to Sempra's (NYSE:SRE) (BMV:SRE) fourth quarter and year end 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com. Sempra executives will host a conference call at 12 p.m. ET on Tuesday, February 25 that will include discussion of Oncor's fourth quarter and year end 2024 operational and financial results. Investors, media, analysts and the public may listen to a
SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) plans to release its fourth-quarter and full-year 2024 earnings by 8 a.m. ET, Tuesday, Feb. 25. The announcement will also include an update on Sempra's five-year capital and financing plan. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET, Tuesday, Feb. 25. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation d
LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on April 15, 2025, to shareholders of record on March 10, 2025. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas is a recognized leader i
LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on January 15, 2025, to shareholders of record on December 10, 2024. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, and most innovative energy infrastructure company
SAN DIEGO, Nov. 7, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that its board of directors has declared a $0.62 per share quarterly dividend on the company's common stock, which is payable Jan. 15, 2025, to common stock shareholders of record at the close of business on Dec. 5, 2024. About SempraSempra (NYSE:SRE) is a leading North American energy infrastructure company focused on delivering energy to nearly 40 million consumers. As owner of one of the largest energy networks on the continent, Sempra is electrifying and improving the energy resilience of some of the world's most significant economic markets, including California, Texas, Mexico and global energy markets.
DALLAS, Nov. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended September 30, 2024 net income of $324 million compared to three months ended September 30, 2023 net income of $380 million. The $56 million decrease was driven by higher interest expense and depreciation expense associated with increases in invested capital and higher operation and maintenance expense, partially offset by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units and customer growth, net of lower revenues due to lower customer consumption primarily attributable to mi
SAN DIEGO, Nov. 6, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today reported third-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $638 million, or $1.00 per diluted share, compared to third-quarter 2023 GAAP earnings of $721 million, or $1.14 per diluted share. On an adjusted basis, the company's third-quarter 2024 earnings were $566 million, or $0.89 per diluted share, compared to $685 million, or $1.08 per diluted share in third-quarter 2023. "We are pleased with our operational and financial results for the third quarter," said Jeffrey W. Martin, chairman and CEO of Sempra. "We remain focused on executing our business plan, imp
DALLAS, Oct. 22, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its third quarter 2024 results on November 6, prior to Sempra's (NYSE:SRE) (BMV:SRE) third quarter 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com. Sempra executives will host a conference call at 12 p.m. ET on Wednesday, November 6 that will include discussion of Oncor's third quarter 2024 operational and financial results. Investors, media, analysts and the public may listen to a live webcast of the conference call by reg
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Argus downgraded Sempra Energy from Buy to Hold
Jefferies downgraded Sempra Energy from Buy to Hold and set a new price target of $77.00 from $96.00 previously
Barclays downgraded Sempra Energy from Overweight to Equal Weight and set a new price target of $72.00 from $95.00 previously
UBS downgraded Sempra Energy from Buy to Neutral and set a new price target of $78.00 from $95.00 previously
Goldman downgraded Sempra Energy from Buy to Neutral and set a new price target of $76.00 from $99.00 previously
Morgan Stanley upgraded Sempra Energy from Equal-Weight to Overweight and set a new price target of $98.00 from $85.00 previously
Jefferies initiated coverage of Sempra Energy with a rating of Buy and set a new price target of $98.00
BofA Securities resumed coverage of Sempra Energy with a rating of Buy and set a new price target of $94.00
BMO Capital Markets upgraded Sempra Energy from Market Perform to Outperform and set a new price target of $84.00 from $76.00 previously
Ladenburg Thalmann initiated coverage of Sempra Energy with a rating of Buy and set a new price target of $81.50
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SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) today announced the appointments of Anya Weaving and Kevin Sagara to the company's board of directors effective March 1, 2025. Weaving's extensive investment banking experience, where she advised clients in the oil and gas industry on strategy, mergers and acquisitions (M&A) and capital markets transactions, combined with her previous role as a chief financial officer, brings industry knowledge and critical skills in strategic decision-making, financial acumen and governance to the board. With over 30 years of experie
SAN DIEGO, June 20, 2024 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced the appointment of Jennifer M. Kirk to the company's board of directors effective June 20, 2024. Kirk is currently the global controller and chief accounting officer of Medtronic plc (NYSE:MDT) and has deep executive experience in finance, accounting and capital market activities, including more than 20 years in the energy industry. "Bringing new perspectives into the boardroom is a critical component of our effort to support the company's mission to build North America's premier energy infras
CEO Scott Drury appointed to Fast Company's CEO Council, a professional organization of senior executives helping define the future of business LOS ANGELES, Nov. 28, 2023 /PRNewswire/ -- Southern California Gas Company (SoCalGas) announced Tuesday that its [H2] Innovation Experience in Downey was named to Fast Company's third annual Next Big Things in Tech list, honoring technology breakthroughs designed to shape the future of industries — from healthcare and security to artificial intelligence and data. The [H2] Innovation Experience is the 2023 recipient of Fast Company's Next Big Things in Tech Award in the category of Current Events, which showcases "products and technologies that are t
To support Brotherhood Crusades' Grab and Go! Basket Distribution and families during the holiday season, SoCalGas donated $50,000, as part of the company's $4 Million Fueling Our Communities Initiative to Address Food Insecurity LOS ANGELES, Nov. 17, 2023 /PRNewswire/ -- Today, Brotherhood Crusade and Southern California Gas Co. (SoCalGas) distributed Thanksgiving meals, including 1,500 turkeys to families in South Los Angeles during a Grab and Go! Basket Distribution event. SoCalGas supported this annual program through a $50,000 donation as part of the company's Fueling Our Communities $4 million initiative to address food insecurity through new and existing partnerships with food banks a
SAN DIEGO, Aug. 17, 2023 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that it has appointed Richard Mark to the company's board of directors effective Aug. 21, 2023. Richard Mark is the former chairman and president of Ameren Illinois. He brings 20 years of experience in electric and gas utility operations, customer service, public policy and regulation, as well as broad knowledge and experience with advanced utility technologies and safety and reliability programs. "Bringing new perspectives into the boardroom is a critical component of our effort to support the company's mission to build the leading energy infrastructure company in North America," said Jeffrey W. Martin, cha
SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi
HOUSTON, April 27, 2022 (GLOBE NEWSWIRE) -- KA Fund Advisors, LLC ("Kayne Anderson"), which serves as the adviser to Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) and Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF, each a "Company" and collectively, the "Companies"))) announced today the appointment of Caroline Winn to serve as an independent director on each Company's Board of Directors, effective today. After the addition of Ms. Winn, the board of directors of each Company will increase to seven directors, six of which are independent. Caroline Winn is the chief executive officer for San Diego Gas & Electric (SDG&E), one of Sempra's (NYSE:SRE) regulated Cali
LOS ANGELES, March 18, 2025 /PRNewswire/ -- Southern California Gas Company (SoCalGas) today announced it executed a contract with Organic Energy Solutions (OES) to procure renewable natural gas (RNG) converted from organic waste and inject it into SoCalGas' pipeline system. The contract is the first approved by the California Public Utilities Commission (CPUC) under Senate Bill (SB) 1440 which sets specific RNG procurement targets for the state's natural gas utilities. The RNG will be sourced from a project located in the city of San Bernardino and is an important step toward achieving California's goal to reduce methane emissions from agriculture and waste while advancing energy decarboniz
SAN DIEGO, March 14, 2025 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) announced today the California Public Utilities Commission (CPUC) has approved an expansion of the company's Westside Canal Battery Energy Storage facility in California's Imperial Valley. This expansion project will add 100 megawatts (MW) of energy storage capacity to the existing 131 MW facility and is projected to be fully operational by June 2025. This expansion project will add 100 megawatts (MW) of energy storage capacity to the existing 131 MW facility."The expansion of Westside Canal is a critic
DALLAS, Feb. 25, 2025 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported twelve months ended December 31, 2024 net income of $968 million compared to twelve months ended December 31, 2023 net income of $864 million. This $104 million increase was driven by overall higher revenues primarily attributable to updated interim rates to reflect increases in invested capital, increases in transmission billing units, customer growth, and the base rates that went into effect May 2023 along with the write-off of rate base disallowances recorded in the first quarter of 2023; partially offset by lower customer consumption primarily attributable to milder weather when compared to
Raises Five-Year Capital Plan to $56BTargets 2025 FID for Port Arthur LNG Phase 2Adjusts 2025 EPS Guidance to $4.30 to $4.70Issues 2026 EPS Guidance of $4.80 to $5.30Increases Long-Term EPS Growth Rate to 7% to 9% SAN DIEGO, Feb. 25, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) today reported full-year 2024 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $2.82 billion or $4.42 per diluted share, compared to full-year 2023 GAAP earnings of $3.03 billion or $4.79 per diluted share. On an adjusted basis, the company's full-year 2024 earnings were $2.97 billion or $4.65 per diluted share, compared to $2.92 billion or $4.61 per diluted share in 2023. "With th
SAN DIEGO, Feb. 13, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) has been named one of the World's Most Admired Companies for 2025 by Fortune Magazine, marking the 15th year the company has been recognized as a top global business with strong corporate reputation. "It's an honor to be named one of the World's Most Admired Companies and to receive recognition for Sempra's efforts to build one of the leading energy infrastructure companies in North America," said Jeffrey W. Martin, chairman and CEO of Sempra. "It is an exciting time to be in the energy sector. Our high-performance cul
SAN DIEGO, Feb. 12, 2025 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) announced today that its Kearny Mesa facility, the backbone of its regional electrical operations, has been awarded the prestigious California Division of Occupational Safety and Health (Cal/OSHA) Voluntary Protection Program (VPP) safety certification. SDG&E is the first utility in the state to earn this recognition for excellence in workplace safety and health management. SDG&E is the first utility in the state to earn this recognition for excellence in workplace safety & health management.The Cal/OSHA
DALLAS, Feb. 11, 2025 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") plans to release its fourth quarter and year end 2024 results on February 25, prior to Sempra's (NYSE:SRE) (BMV:SRE) fourth quarter and year end 2024 results conference call. Oncor's earnings release will be available on Oncor's website, oncor.com. Sempra executives will host a conference call at 12 p.m. ET on Tuesday, February 25 that will include discussion of Oncor's fourth quarter and year end 2024 operational and financial results. Investors, media, analysts and the public may listen to a
SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) plans to release its fourth-quarter and full-year 2024 earnings by 8 a.m. ET, Tuesday, Feb. 25. The announcement will also include an update on Sempra's five-year capital and financing plan. Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET, Tuesday, Feb. 25. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. An accompanying slide presentation d
SAN DIEGO, Feb. 10, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) today announced the appointments of Anya Weaving and Kevin Sagara to the company's board of directors effective March 1, 2025. Weaving's extensive investment banking experience, where she advised clients in the oil and gas industry on strategy, mergers and acquisitions (M&A) and capital markets transactions, combined with her previous role as a chief financial officer, brings industry knowledge and critical skills in strategic decision-making, financial acumen and governance to the board. With over 30 years of experie
LOS ANGELES, Jan. 30, 2025 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows: SoCalGas: Preferred Stock $0.375 per share Preferred Stock, Series A $0.375 per share The dividends are payable on April 15, 2025, to shareholders of record on March 10, 2025. About SoCalGasSoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas is a recognized leader i