NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director James C. Yardley Acquires Additional Phantom Shares as Compensation
Sempra Director James C. Yardley acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 39,751 phantom shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Anya Weaving Acquires Phantom Shares as Compensation
Sempra Director Anya Weaving acquired 164.09 phantom shares of Sempra Common Stock as part of her director compensation on July 1, 2025, increasing her direct beneficial ownership to 373.7 shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Cynthia J. Warner Reports Acquisition of Phantom Shares
Sempra director Cynthia J. Warner reported the acquisition of 380.68 phantom shares as director compensation, increasing her total beneficial ownership to 12,299.64 phantom shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Jack T. Taylor Acquires Additional Phantom Shares as Compensation
Sempra Director Jack T. Taylor acquired 164.09 phantom shares as compensation, increasing his total beneficial ownership to 40,321.76 phantom shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Kevin Sagara Acquires Phantom Shares as Compensation
Sempra Director Kevin C. Sagara acquired 164.09 phantom shares of Sempra Common Stock as director compensation on July 1, 2025.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Michael Mears Acquires Additional Phantom Shares as Compensation
Sempra Director Michael N. Mears acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 19,924.06 derivative securities.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Richard J. Mark Increases Beneficial Ownership Through Phantom Share Acquisition
Sempra Director Richard J. Mark acquired 164.09 phantom shares as part of his compensation, increasing his total beneficial ownership to 1,416.45 shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Jennifer M. Kirk Acquires Phantom Shares as Compensation
Sempra Director Jennifer M. Kirk acquired 164.09 phantom shares as compensation, increasing her beneficial ownership to 4,325.19 phantom shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Pablo Ferrero Increases Stake Through Phantom Share Acquisition
Sempra Director Pablo Ferrero acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 15,254.68 phantom shares.
NYSE
17 days, 12 hours ago 
SRE
Sempra
Form 4: Sempra Director Andres Conesa Increases Stake with Phantom Share Acquisition
Sempra Director Andres Conesa acquired 164.09 phantom shares as part of his director compensation, increasing his total beneficial ownership to 10,859.95 phantom shares.
NYSE
26 days, 14 hours ago 
SRE
Sempra
8-K: Sempra and SoCalGas Announce Key Executive and Board Appointments, Strengthening Leadership Structure
Sempra and its subsidiary Southern California Gas Company (SoCalGas) have announced significant executive and board leadership changes, including the promotion of Caroline A. Winn to Executive Vice President and Dyan Z. Wold to Vice President, Controller, and Chief Accounting Officer, effective July 5, 2025.
NYSE
26 days, 23 hours ago 
SRE
Sempra
8-K: Sempra Subsidiary Oncor Poised for Enhanced Financial Performance with New Texas Regulatory Mechanism
Sempra's majority-owned subsidiary, Oncor Electric Delivery Company LLC, is set to benefit from a new Texas law establishing a Unified Tracker Mechanism (UTM) that is expected to improve its earnings, cash flows, and credit metrics.
Better than expected
 
NYSE
64 days, 14 hours ago 
SRE
Sempra
8-K: Southern California Gas Company Closes $1.1 Billion Bond Offering
Southern California Gas Company successfully closes a public offering and sale of $1.1 billion in first mortgage bonds, split between Series DDD due 2035 and Series EEE due 2055.
NYSE
65 days, 14 hours ago 
SRE
Sempra
8-K: Sempra Shareholders Elect Directors, Ratify Auditor, and Approve Executive Compensation at 2025 Annual Meeting
Sempra held its 2025 Annual Shareholders Meeting on May 13, 2025, where shareholders elected directors, ratified the appointment of Deloitte & Touche LLP, and approved executive compensation.
NYSE
66 days, 9 hours ago 
SRE
Sempra
Form 4: Sempra Executive Diana L. Day Reports Stock Sales
Diana L. Day, Chief Legal Counsel of Sempra, reports the sale of common stock in multiple transactions on May 14, 2025.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Executive Peter R. Wall Reports Acquisition of Phantom Shares
Sempra's SVP, Controller and CAO, Peter R. Wall, reports acquiring phantom shares under the company's deferred compensation plan.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director James C. Yardley Reports Changes in Beneficial Ownership
Director James C. Yardley reports acquisition of phantom shares in Sempra, indicating changes in beneficial ownership.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Jack T. Taylor Reports Acquisition of Phantom Shares
Director Jack T. Taylor reports acquiring phantom shares of Sempra common stock.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Michael N. Mears Reports Acquisition of Phantom Shares
Director Michael N. Mears reports acquiring phantom shares of Sempra common stock.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Richard J. Mark Reports Acquisition of Common Stock
Director Richard J. Mark reported acquiring 1,864 shares of Sempra common stock on May 13, 2025.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Jennifer M. Kirk Reports Acquisition of Phantom Shares
Director Jennifer M. Kirk reports acquiring phantom shares of Sempra common stock, indicating changes in beneficial ownership.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Richard J. Mark Reports Acquisition of Common Stock
Director Richard J. Mark reported acquiring 1,864 shares of Sempra common stock on May 13, 2025.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Pablo Ferrero Reports Changes in Beneficial Ownership
Director Pablo Ferrero reports acquisition and disposal of Sempra common stock on May 13, 2025.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Andres Conesa Reports Changes in Beneficial Ownership
Director Andres Conesa reports acquisition and disposal of Sempra common stock.
NYSE
66 days, 10 hours ago 
SRE
Sempra
Form 4: Sempra Director Cynthia Warner Reports Acquisition of Phantom Shares
Director Cynthia Warner reports acquiring phantom shares of Sempra common stock.
NYSE
67 days, 14 hours ago 
SRE
Sempra
8-K: Southern California Gas Company Issues $1.1 Billion in First Mortgage Bonds
Southern California Gas Company has successfully priced a $1.1 billion offering of first mortgage bonds to fund general corporate purposes.
Capital raise
 
NYSE
68 days, 15 hours ago 
SRE
Sempra
SCHEDULE 13G/A: Wellington Management Group Amends Sempra Stake, Reports 7.47% Beneficial Ownership
Wellington Management Group LLP and its affiliates have filed an amended Schedule 13G, disclosing a beneficial ownership of 7.47% in Sempra's common stock as of March 31, 2025.
NYSE
72 days, 10 hours ago 
SRE
Sempra
10-Q: Sempra Energy Reports Q1 2025 Earnings, Updates Financial Outlook
Sempra Energy announces its financial results for the first quarter of 2025, highlighting key financial metrics and strategic developments across its operating segments.
Better than expected
 
Capital raise
 
NYSE
72 days, 19 hours ago 
SRE
Sempra
8-K: Sempra Announces Solid First-Quarter 2025 Results, Updates Full-Year EPS Guidance
Sempra reported a strong first quarter in 2025, driven by focus on financial performance and strategic initiatives, and updated its full-year EPS guidance.
Better than expected
 
NYSE
86 days, 16 hours ago 
SRE
Sempra
SCHEDULE 13G/A: BlackRock Amends Sempra Stake Disclosure, Reports 8.1% Beneficial Ownership
BlackRock, Inc. has filed an Amendment No. 16 to its Schedule 13G, disclosing a beneficial ownership of 8.1% of Sempra's common stock as of March 31, 2025.
SRE 
Sempra 
NYSE

8-K: Sempra Announces Solid First-Quarter 2025 Results, Updates Full-Year EPS Guidance

Sentiment:
 Earnings Release
 8 May 2025 10:53 AM

Sempra reported a strong first quarter in 2025, driven by focus on financial performance and strategic initiatives, and updated its full-year EPS guidance.

Better than expected
  Sempra's first-quarter 2025 GAAP earnings increased to $906 million ($1.39 per diluted share) from $801 million ($1.26 per diluted share) in the first quarter of 2024.  Adjusted first-quarter 2025 earnings rose to $942 million ($1.44 per diluted share) from $854 million ($1.34 per diluted share) in 2024. 

Summary
  • Sempra reported first-quarter 2025 GAAP earnings of $906 million, or $1.39 per diluted share, compared to $801 million, or $1.26 per diluted share, in the first quarter of 2024.
  • Adjusted first-quarter 2025 earnings were $942 million, or $1.44 per diluted share, compared to $854 million, or $1.34 per diluted share, in 2024.
  • Oncor is executing a $36.1 billion five-year capital plan.
  • Oncor had approximately 1,100 active transmission point of interconnection requests in queue, a 35% increase compared to the end of first-quarter 2024.
  • ERCOT updated its estimated cost for the Permian Basin Reliability Plan (PBRP) to approximately $15 billion.
  • ERCOT estimated that the cost of either plan to serve the load projection of 150 gigawatts by 2030 would be approximately $20 billion.
  • Sempra California is focused on connecting people to safe, reliable and cleaner energy, serving roughly 25 million consumers.
  • SDGE and SoCalGas filed applications to update their respective costs of capital with the CPUC for the period of 2026 to 2028.
  • Sempra Infrastructure is advancing five significant construction projects, including LNG projects in the U.S. Gulf coast and northern Mexico.
  • Energa Costa Azul LNG Phase 1 continues to target start-up of commercial operations in spring of 2026, and construction at Port Arthur LNG Phase 1 remains on time and on budget.
  • Sempra is updating its full-year 2025 GAAP EPS guidance range to $4.25 $4.65 and affirming its full-year 2025 adjusted EPS guidance range of $4.30 to $4.70.
  • The company is also affirming its full-year 2026 EPS guidance range of $4.80 to $5.30 and has guided to the high-end or above its projected long-term EPS compound annual growth rate of 7% to 9% for 2025 through 2029.
  • Sempra Infrastructure is targeting the sales of Ecogas Mxico, S. de R.L. de C.V., and a minority stake in Sempra Infrastructure Partners (SI Partners).
Sentiment

Score: 8

Explanation: The document presents a positive outlook with increased earnings, strategic growth initiatives, and reaffirmed guidance. The planned asset sales are expected to be accretive, further boosting investor confidence.

Positives
  • Sempra reported increased GAAP and adjusted earnings for the first quarter of 2025 compared to 2024.
  • Oncor is progressing with its significant capital plan and experiencing growth in interconnection requests.
  • Sempra California is advancing strategic programs to modernize energy networks.
  • Sempra Infrastructure is making progress on key construction projects.
  • The company has reaffirmed its full-year 2025 and 2026 EPS guidance and long-term growth targets.
  • The planned sales of Ecogas Mxico and a minority stake in Sempra Infrastructure Partners are expected to be accretive to earnings and enhance credit.
Negatives
  • The report mentions potential impacts from foreign currency and inflation on monetary positions in Mexico.
  • The report mentions net unrealized losses on commodity derivatives and interest rate swaps related to the Port Arthur LNG Phase 1 project.
Risks
  • California wildfires and potential liabilities remain a risk.
  • Regulatory decisions and actions by various bodies could impact the company's operations and financial performance.
  • The success of business development efforts and construction projects is subject to various risks, including regulatory approvals and third-party performance.
  • Changes in trade and foreign policy, as well as laws and regulations, could affect the company's business.
  • Cybersecurity threats pose a risk to the company's systems and infrastructure.
  • Volatility in inflation, interest rates, and commodity prices could impact affordability for customers and the company's ability to pass through costs.
  • Climate policies and regulations could lead to stranded assets and uncertainty related to emerging technologies.
  • Weather events, natural disasters, and other disruptions could impact operations and subject the company to liabilities.
  • Oncor's ability to pay dividends could be affected by regulatory and governance requirements.
  • The sales transactions are subject to reaching agreement on acceptable pricing and other terms, securing required regulatory and other approvals, finalizing definitive contracts, and other factors and considerations.
Future Outlook

Sempra is focused on delivering safer and more reliable energy, advancing strategic programs, and progressing with key construction projects. The company expects to complete the sales transactions of Ecogas Mxico and a minority stake in Sempra Infrastructure Partners over the next 12-18 months, which are expected to be accretive to earnings and enhance credit. Sempra has guided to the high-end or above its projected long-term EPS compound annual growth rate of 7% to 9% for 2025 through 2029.

Management Comments
  • We are pleased to report a solid quarter for Sempra, which is the direct result of continued focus on delivering strong financial performance while making steady progress on our strategic initiatives, said Jeffrey W. Martin, chairman and CEO of Sempra.
  • We remain committed to our disciplined growth strategy, which centers on delivering safer and more reliable energy to the nearly 40 million consumers we serve, said Jeffrey W. Martin, chairman and CEO of Sempra.
  • These value creation initiatives aim to increase long-term value for shareholders, employees, customers and other stakeholders, said Martin.
  • In the first quarter, we made steady progress against our plan of execution, said Martin.
  • As we extend this work across 2025, we expect to advance the companys ability to deliver improved earnings growth and drive enhanced benefits for consumers and communities across our service territories, said Martin.
Industry Context

Sempra's focus on LNG projects aligns with the strong global demand for cleaner and more secure energy. The growth in electricity demand in Texas, as highlighted by ERCOT's new winter peak demand, underscores the importance of Oncor's infrastructure investments. The CPUC's approval of RNG procurement contracts reflects California's commitment to methane emissions reduction goals.

Comparison to Industry Standards
  • Sempra's growth strategy mirrors that of NextEra Energy, Inc. (NEE), which also focuses on regulated utilities and renewable energy projects.
  • The $36.1 billion five-year capital plan of Oncor is comparable to the infrastructure investments being made by companies like American Electric Power (AEP) to modernize their grids.
  • Sempra's LNG projects are in line with the global trend of increasing LNG exports, similar to projects undertaken by Cheniere Energy, Inc. (LNG).
  • The company's focus on renewable energy and emissions reduction aligns with the sustainability goals of companies like Xcel Energy Inc. (XEL).
Stakeholder Impact
  • Shareholders will benefit from increased earnings and potential value creation initiatives.
  • Customers will benefit from safer, more reliable, and cleaner energy.
  • Employees will benefit from the company's focus on safety and operational excellence.
  • Communities will benefit from the company's investments in infrastructure and sustainable business practices.
Next Steps
  • Oncor continues to prepare for a comprehensive base rate proceeding utilizing a test year of calendar year 2024, with filing currently targeted for the second quarter of 2025.
  • A final decision from the CPUC is expected by the end of the year regarding SDGE and SoCalGas' applications to update their respective costs of capital with the CPUC for the period of 2026 to 2028.
  • More details on the progress of the sales of Ecogas Mxico and a minority stake in Sempra Infrastructure Partners will be shared in the second quarter earnings call.
  • The sales transactions are expected to be completed over the next 12-18 months.
Key Dates
  • 2024-10: The Public Utility Commission of Texas (PUCT) approved the local projects and import paths of the Permian Basin Reliability Plan (PBRP).
  • 2025-01: ERCOT filed a regional transmission expansion plan with the PUCT.
  • 2025-03: San Diego Gas & Electric Company (SDGE) and Southern California Gas Company (SoCalGas) filed their applications to update their respective costs of capital with the California Public Utilities Commission (CPUC) for the period of 2026 to 2028.
  • 2025-03: The CPUC approved the expansion of SDGEs Westside Canal Battery Energy Storage facility.
  • 2025-03: The CPUC approved SoCalGas first renewable natural gas (RNG) procurement contract under Senate Bill 1440.
  • 2025-04: The PUCT decided that the import paths of the Permian Basin Reliability Plan (PBRP) would be built using 765-kV.
  • 2025-05-08: Date of Report (Date of earliest event reported)
  • 2026: Energa Costa Azul LNG Phase 1 continues to target the start-up of commercial operations in spring of 2026.
  • 2026-2028: SDGE and SoCalGas filed applications to update their respective costs of capital with the CPUC for the period of 2026 to 2028.
  • 2030: ERCOT filed a regional transmission expansion plan with the PUCT, which included two options to serve the load projection of 150 gigawatts by 2030.
Keywords
Sempra, Earnings, Oncor, Infrastructure, LNG, California, Utilities, Financial Results
SRE 
Sempra 
NYSE
Sector: Utilities
 
Filings with Classifications
Better than expected
23 June 2025 6:56 AM
Regulatory Update
  • The new Unified Tracker Mechanism (UTM) is expected to improve Oncor's earnings, cash flows, and credit metrics.
  • The UTM is projected to improve Oncor's earned annual returns on equity by approximately 50 to 100 basis points.
  • The mechanism allows for more timely recovery of capital investments, reducing regulatory lag compared to previous methods.
Capital raise
13 May 2025 4:20 PM
Debt Offering Announcement
  • Southern California Gas Company is raising $1.1 billion through the issuance of first mortgage bonds.
  • The funds are intended for general corporate purposes.
Better than expected
8 May 2025 8:07 PM
Quarterly Report
  • Sempra's Q1 2025 earnings attributable to common shares increased to $906 million, or $1.39 per share, compared to $801 million, or $1.27 per share, in the prior year.
Capital raise
8 May 2025 8:07 PM
Quarterly Report
  • Sempra established an ATM program providing for the offer and sale of shares of Sempra common stock having an aggregate gross sales price of up to $3.0 billion.
  • Sempra entered into forward sale agreements under the ATM program with Bank of America, N.A. and Wells Fargo Bank, N.A.
Better than expected
8 May 2025 10:53 AM
Earnings Release
  • Sempra's first-quarter 2025 GAAP earnings increased to $906 million ($1.39 per diluted share) from $801 million ($1.26 per diluted share) in the first quarter of 2024.
  • Adjusted first-quarter 2025 earnings rose to $942 million ($1.44 per diluted share) from $854 million ($1.34 per diluted share) in 2024.
Better than expected
28 March 2025 4:14 PM
Proxy Statement
  • Sempra's three-year total shareholder return far outpaced the return of the S&P 500 Utilities Index and more than tripled the returns of the S&P 500 and S&P 500 Utilities Indices since the beginning of this century (from December 31, 1999 through December 31, 2024).
Capital raise
25 March 2025 4:17 PM
Debt Offering
  • San Diego Gas & Electric Company is raising $850 million through the issuance of 5.400% First Mortgage Bonds, Series CCCC, due 2035.
  • The net proceeds are estimated to be approximately $842.1 million after deducting the underwriting discount but before deducting the Companys estimated offering expenses.
Worse than expected
25 February 2025 4:57 PM
Annual Report
  • Earnings attributable to common shares decreased from $3.030 billion in 2023 to $2.817 billion in 2024.
  • Total revenue decreased from $16.720 billion in 2023 to $13.185 billion in 2024.
Capital raise
25 February 2025 4:57 PM
Annual Report
  • Sempra established an ATM program providing for the offer and sale of shares of Sempra common stock having an aggregate gross sales price of up to $3.0 billion.
  • Sempra entered into a forward sale agreement under the ATM program for the sale of 2,909,274 shares of Sempra common stock.
Delay expected
25 February 2025 4:57 PM
Annual Report
  • The ECA LNG Phase 1 project is expected to commence commercial operations in the spring of 2026, which is later than previously anticipated.
  • The first and second trains of the PA LNG Phase 1 project are expected to commence commercial operations in 2027 and 2028, respectively, which is later than previously anticipated.
Worse than expected
25 February 2025 10:54 AM
Earnings Release
  • Full-year 2024 GAAP earnings decreased compared to 2023.
  • The revision of the full-year 2025 EPS guidance range to $4.30 to $4.70 may be viewed negatively.
Capital raise
21 November 2024 4:05 PM
Debt Offering
  • Sempra closed a public offering of $400 million of 6.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 and $600 million of 6.550% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055.
  • The total proceeds to Sempra from the sale of the notes were approximately $990 million, after deducting underwriting discounts but before deducting offering expenses estimated at $1.7 million.
Capital raise
6 November 2024 3:40 PM
Quarterly Report
  • Sempra established an ATM program to offer and sell shares of common stock with an aggregate gross sales price of up to $3.0 billion.
  • The company intends to use the net proceeds for working capital and other general corporate purposes, including to partly finance anticipated increases to its long-term capital plan and to repay outstanding commercial paper and potentially other indebtedness.
Worse than expected
6 November 2024 3:40 PM
Quarterly Report
  • Sempra's third quarter earnings were worse than the same period last year due to lower revenues and higher interest expenses.
  • Sempra California's earnings were worse than the same period last year due to lower income tax benefits and higher net interest expenses.
  • Sempra Texas Utilities' earnings were worse than the same period last year due to lower equity earnings from Oncor Holdings.
Capital raise
6 November 2024 10:50 AM
Quarterly Report
  • The company has put in place a $3 billion at-the-market (ATM) equity offering program to support general corporate purposes including its future financing needs.
Worse than expected
6 November 2024 10:50 AM
Quarterly Report
  • Third-quarter 2024 GAAP and adjusted earnings were lower compared to the same period in 2023.
  • The company has lowered its full-year 2024 GAAP EPS guidance range.
Capital raise
9 September 2024 4:02 PM
Debt Offering Announcement
  • Sempra has raised $1.25 billion through the issuance of junior subordinated notes.
  • The net proceeds to the company are approximately $1.238 billion after deducting underwriting discounts.
Capital raise
9 August 2024 4:45 PM
Debt Issuance Announcement
  • Southern California Gas Company is raising $600 million through the issuance of First Mortgage Bonds.
  • The net proceeds are estimated to be approximately $593.2 million after deducting the underwriting discount.
Capital raise
6 August 2024 3:48 PM
Quarterly Report
  • Sempra completed an offering of 19,242,010 shares of its common stock in November 2023.
  • Sempra has forward sale agreements for 17,142,858 shares of its common stock, which may be settled no later than December 31, 2024.
Worse than expected
6 August 2024 3:48 PM
Quarterly Report
  • Sempra's year-to-date earnings were worse than the same period last year, primarily due to lower income tax benefits and unrealized losses on commodity derivatives.
Delay expected
6 August 2024 10:54 AM
Quarterly Report
  • The Energa Costa Azul LNG Phase 1 project has experienced labor and productivity challenges, which has delayed the expected mechanical completion and first LNG to 2025, with commercial operations targeted for spring 2026.
Worse than expected
6 August 2024 10:54 AM
Quarterly Report
  • Sempra's adjusted earnings for the second quarter of 2024 were lower than the same period in 2023.
  • Sempra's adjusted earnings for the first six months of 2024 were also lower than the same period in 2023.
Capital raise
31 May 2024 4:02 PM
Debt Offering Announcement
  • Sempra raised $500 million through the issuance of junior subordinated notes.
  • The proceeds will be used for general corporate purposes.
Capital raise
7 May 2024 4:29 PM
Quarterly Report
  • Sempra completed an offering of 17,142,858 shares of common stock in November 2023.
  • The company expects to settle forward sale agreements related to the offering by December 31, 2024, which may result in additional cash proceeds.
  • Sempra may elect cash settlement or net share settlement for all or a portion of its obligations under the forward sale agreements.
Worse than expected
7 May 2024 4:29 PM
Quarterly Report
  • Sempra's earnings were worse than expected due to lower natural gas prices and unrealized losses on commodity derivatives.
  • Sempra California's earnings were worse than expected due to lower CPUC base operating margin and higher interest expenses.
  • Sempra Infrastructure's earnings were worse than expected due to unrealized losses on commodity derivatives and lower transportation revenues.
Worse than expected
7 May 2024 11:02 AM
Quarterly Report
  • Sempra's GAAP earnings decreased from $969 million in Q1 2023 to $801 million in Q1 2024.
  • Adjusted earnings also decreased from $922 million in Q1 2023 to $854 million in Q1 2024.
Better than expected
17 April 2024 4:18 PM
Proxy Statement Supplement
  • Sempra achieved record revenue of $16.7B in 2023.
  • GAAP EPS has grown at a 22.9% CAGR and adjusted EPS has grown at a 10.3% CAGR from 2018-2023.
  • Sempra increased its five-year capital plan by 20% to $48 billion.
Better than expected
25 March 2024 8:01 AM
Proxy Statement
  • Sempra's business strategy helped the company deliver a series of record financial results in 2023.
  • The company's total shareholder return has outpaced the return of the S&P 500 Utilities Index during the past one, three and five years.
  • Sempra California reduced methane emissions by approximately 70% from 2015 levels through 2022.
  • 2023 annual bonuses were achieved at 176% of target based on performance on ABP Earnings, Safety Measures, and Sustainability Measures.
  • The overall payout for the 2021-2023 LTIP awards based on relative TSR and EPS growth was 163% of target.
Capital raise
19 March 2024 4:21 PM
Debt Issuance Announcement
  • San Diego Gas & Electric is raising $600 million through the issuance of first mortgage bonds.
  • The net proceeds are estimated to be approximately $588.7 million after deducting the underwriting discount but before deducting the company's estimated offering expenses.
Capital raise
18 March 2024 4:40 PM
Debt Issuance Announcement
  • Southern California Gas Company raised $500 million through the issuance of First Mortgage Bonds.
  • The proceeds will be used for general corporate purposes.
Capital raise
14 March 2024 4:01 PM
Debt Offering Announcement
  • Sempra has raised $600 million through the issuance of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054.
  • The net proceeds to the company were approximately $594 million after deducting underwriting discounts but before other expenses.
Capital raise
13 March 2024 4:08 PM
Debt Offering Announcement
  • Southern California Gas Company is raising $500 million through the issuance of First Mortgage Bonds.
  • The net proceeds are estimated to be approximately $492.4 million after deducting underwriting discounts.
Better than expected
27 February 2024 10:55 AM
Annual Results
  • Sempra's full-year 2023 GAAP earnings of $3.03 billion were significantly better than the $2.09 billion reported in 2022.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.