Core Viewpoint - Sempra has been recognized for its sustainable business practices by being included in the FTSE4Good Index Series for the ninth consecutive year, highlighting its strong performance in various categories such as corporate governance and community engagement [1][3]. Company Achievements - Sempra has received multiple accolades for its commitment to sustainability, including recognition from Forbes, CNBC, Fortune, The Wall Street Journal, and Newsweek, as well as inclusion in the Dow Jones Sustainability Index North America and the Bloomberg Gender Equality Index [3][4]. - The company emphasizes that its focus on sustainability is integral to its mission of being North America's premier energy infrastructure provider, with three main areas of focus: safe operations, community engagement, and innovation [2][6]. Sustainability Strategy - Sempra's sustainability strategy is centered around investing in resilient operations, engaging with communities, and fostering innovation to modernize energy infrastructure [2][5]. - The company aims to connect consumers with modernized energy networks to ensure safer, more reliable, and cleaner energy delivery [2][6]. Market Position - Sempra serves nearly 40 million consumers and is recognized as a leader in energy infrastructure, particularly in significant markets such as California, Texas, and Mexico [6].

Financial Performance - Sempra reported Q2-2024 adjusted EPS of $0.89 and YTD-2024 adjusted EPS of $2.24[8] - The company is affirming FY-2024 adjusted EPS guidance range of $4.60 – $4.90[8] - Sempra is also affirming FY-2025 EPS guidance range of $4.90 – $5.25[8] - The company is maintaining a projected long-term EPS growth rate of 6% – 8%[8] Business Updates - Sempra Texas (Oncor) - Oncor built, re-built, or upgraded 1,050 miles of T+D lines in Q2-2024[10] - Oncor increased premise count by 20,000 and expects a 2% long-term premise growth rate[10] - Oncor achieved a 13% year-over-year increase in active transmission point of interconnection requests[10] - Oncor's current $24 billion capital plan underpins an 11% projected rate base CAGR, growing to $39 billion in 2028[12] Business Updates - Sempra Infrastructure - ECA LNG Phase 1 is 85% complete, with COD expected in spring 2026[14] - Topolobampo Terminal commissioning was completed, and commercial operations commenced in June 2024[14] - Port Arthur LNG Phase 2 has significant commercial progress with 50% of offtake under HOAs with Aramco and INEOS and 25% of project equity under HOA with Aramco[16]

Sempra Energy (SRE) reported second-quarter 2024 adjusted earnings per share (EPS) of 89 cents, which missed the Zacks Consensus Estimate of 92 cents by 3.3%. The figure also declined 5.3% from earnings of 94 cents per share in the prior-year quarter. Including one-time items, the company generated GAAP earnings of $1.12 per share compared with 95 cents in the second quarter of 2023. Total Revenues Sempra's total revenues of $3.01 billion declined 9.79% from $3.34 billion in the year-ago quarter. This was d ...

Sempra (SRE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -3.26%. A quarter ago, it was expected that this natural gas and electricity provider would post earnings of $1.35 per share when it actually produced earnings of $1.34, delivering a surprise of -0.74%. Over the last four qu ...

DALLAS, Aug. 6, 2024 /PRNewswire/ -- Oncor Electric Delivery Company LLC ("Oncor") today reported three months ended June 30, 2024 net income of $251 million compared to three months ended June 30, 2023 net income of $200 million. The $51 million increase was driven by higher revenues primarily due to updated interim rates to reflect increases in invested capital, increases in transmission billing units, higher customer consumption primarily attributable to weather, the new base rates implemented in May 202 ...

Oncor reaches settlement in principle on ~$3B System Resiliency Plan SAN DIEGO, Aug. 6, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today reported second-quarter 2024 earnings, prepared in accordance with generally accepted accounting principles (GAAP), of $713 million, or $1.12 per diluted share, compared to second-quarter 2023 GAAP earnings of $603 million, or $0.95 per diluted share. On an adjusted basis, the company's second-quarter 2024 earnings were $567 million, or $0.89 per diluted share, com ...

Sempra Energy (SRE) is scheduled to release its second-quarter 2024 results on Aug 6 before market open. The company delivered a negative earnings surprise of 0.74% in the last reported quarter. However, the company holds a four-quarter average earnings surprise of 3.87%. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Factors at Play In the second quarter, the majority of SRE's service territories experienced warmer-than-normal temperature patterns accompanied b ...

SOUTH FRESNO, Calif., Aug. 1, 2024 /PRNewswire-HISPANIC PR WIRE/ -- The Latino Restaurant Association (LRA) is excited to announce a new grant opportunity, sponsored by SoCalGas, to support local restaurant owners. This initiative will provide financial assistance to 35 restaurants in South Fresno, Kings, and Tulare Counties, focusing on restaurant owners of Latino heritage and those who have made significant contributions to the Latino community. "We are thrilled to collaborate with SoCalGas to support our ...

Sempra (SRE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. This natural gas and electricity provider is expected to post quarterly earnings of $0.98 per share in its upcoming report, which represents a year-over ...

LOS ANGELES, July 24, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) announced today that 29 students in Central and Southern California will receive a total of $314,000 from the SoCalGas Scholarship Program to pursue higher education at four-year universities, community colleges, and trade schools. For those attending four-year universities, the $5,000 scholarship can be renewed, providing a total of $20,000 over four years. Students planning to attend community colleges and trade schools will ...