Sempra Energy (SRE) benefits from systematic investments that will enhance the reliability of its operations, allowing it to serve its customers more efficiently. The company is also expanding its liquid natural gas (LNG) operations to strengthen its footprint in the U.S. LNG market.  However, this Zacks Rank #3 (Hold) company faces risks like unfavorable valuation and vulnerability to dismal weather events, which act as a headwind.Tailwinds Favoring SRE Sempra has a capital investment plan of $40.4 billion ...

Core Insights - Southern California Gas Co. (SoCalGas) and GKN Hydrogen have launched a research demonstration project in collaboration with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) to develop a clean renewable hydrogen storage solution using solid-state technology [1][2][4] - The project aims to evaluate the performance of GKN Hydrogen's storage technology, which utilizes metal hydrides for hydrogen storage, and its integration with clean energy systems [1][3][4] - The initiative is expected to contribute to the transition to a net-zero emissions economy by enhancing the availability of renewable power generation and storage [1][2] Project Details - The demonstration project will be located at NREL's Flatirons Campus in Arvada, Colorado, and is scheduled to run until December 2026 [1][4] - The project will utilize renewable energy sources such as solar and wind to produce clean hydrogen through an electrolyzer, with a capacity to store up to 500 kilograms of hydrogen in solid-state form [2][4] - Funding for the project includes $1.7 million from the U.S. Department of Energy and $400,000 from SoCalGas for research, development, and demonstration [4] Technology and Benefits - GKN Hydrogen's storage technology promises advantages in safety, footprint, and operational costs, which are critical for the scaling of the hydrogen economy [3][4] - The project will leverage NREL's Advanced Research on Integrated Energy Systems (ARIES) platform to validate various commercial and industrial applications for decarbonization [3][4] - The findings from this project could significantly advance the interoperability of hydrogen technologies and renewable energy systems at scale [4]

SAN DIEGO, Nov. 12, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) has been recognized by TIME Magazine as one of the World's Best Companies for 2024. The recognition, presented by TIME and Statista Inc., places Sempra on a list of top performing companies across the globe based on employee satisfaction, revenue growth and sustainability transparency. Sempra Named One of the World's Best Companies by TIME Magazine "It is an exciting time for our company as we advance our mission to build the leadin ...

LOS ANGELES, Nov. 12, 2024 /PRNewswire/ -- As cooler weather approaches, Southern California Gas Company (SoCalGas) shares energy-saving tips and tools to help customers prepare their homes. SoCalGas Shares Five Simple Ways to Reduce Energy Use and Save "As we transition into the cooler months, SoCalGas is here to support our customers in managing their energy use and by participating in energy efficiency programs, while maintaining comfort throughout the season," said Don Widjaja, vice president, cust ...

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 c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | --- | --- | |---------------------|------------------------------------------|--------------------------------------------------------------------------------- ...

Core Insights - Sempra Energy reported third-quarter 2024 adjusted earnings per share (EPS) of 89 cents, missing the Zacks Consensus Estimate of $1.06 by 16% and declining 17.6% from $1.08 in the prior-year quarter [1] - Total revenues for Sempra were $2.78 billion, a decline of 16.7% from $3.33 billion in the year-ago quarter, and missed the Zacks Consensus Estimate of $3.83 billion by 27.5% [2] Financial Performance - Sempra's GAAP earnings were $1.00 per share compared to $1.14 in the third quarter of 2023 [1] - Cash and cash equivalents as of September 30, 2024, totaled $560 million, up from $236 million as of December 31, 2023 [4] - Long-term debt and finance leases increased to $30.96 billion as of September 30, 2024, from $27.76 billion as of December 31, 2023 [4] - Cash flow from operating activities decreased from $5.13 billion in the first nine months of 2023 to $3.54 billion in the first nine months of 2024 [4] Segment Performance - Sempra California reported quarterly earnings of $247 million, down from $290 million in the year-ago quarter [3] - Sempra Texas Utility earnings declined from $305 million in the prior-year quarter to $261 million [3] - Sempra Infrastructure recorded earnings of $230 million, slightly up from $223 million in the year-ago quarter [3] - The Parent and Other segment reported a loss of $100 million, wider than the prior-year loss of $97 million [3] Guidance - Sempra reiterated its 2024 earnings projection in the range of $4.60-$4.90 per share, with the Zacks Consensus Estimate at $4.77 per share [5] - The company expects 2025 earnings to be in the range of $4.90-$5.25 per share, with the consensus estimate at $5.13 per share [5] - Sempra continues to anticipate a long-term EPS growth rate of 6-8% [5]

Exhibit 99.1 Media Contact: Katie Nieri Sempra (877) 340-8875 media@sempra.com Financial Contact: Jenell McKay Sempra (877) 736-7727 investor@sempra.com NEWS RELEASE Sempra Reports Third-Quarter 2024 Earnings Results SAN DIEGO, Nov. 6, 2024 -- 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 p ...

Sempra (SRE) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.04%. A quarter ago, it was expected that this natural gas and electricity provider would post earnings of $0.92 per share when it actually produced earnings of $0.89, delivering a surprise of -3.26%.Over the last four qu ...

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 ...