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SRE is expected to gain from its systematic investment plan and higher demand. Yet, restoration expenses may hurt the company.
SAN DIEGO , Dec. 17, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced the company's chairman and CEO Jeffrey W. Martin received the lifetime achievement award from S&P Global Commodity Insights at this year's Platts Global Energy Awards.
Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%.
Sempra Chairman and CEO Jeffrey Martin joins 'Mad Money' host Jim Cramer to talk quarterly results, competition in the space, the state of the utilities sector and more.
Sempra (SRE) reported earnings 30 days ago. What's next for the stock?
SAN DIEGO , Dec. 5, 2024 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced it has been recognized by Newsweek as one of "America's Most Responsible Companies" for 2025, earning this distinction for the sixth consecutive year. The annual list ranks companies based on their commitment to corporate responsibility in the areas of corporate governance and responsible social and environmental practices.
Sempra Energy offers diversified revenue streams through regulated utilities and energy infrastructure. Despite short-term earnings pressure from declining revenues in California and rising costs, its strategic investments in LNG and various renewable projects promise significant growth. Management is projecting 6-8% annual earnings growth, supported by a $48B five-year capital plan focusing on modernization and expansion efforts.
Sempra's diversified operations in California, Texas, and its Port Arthur LNG projects offer strong growth prospects moving forward. Despite recent earnings misses, Sempra reaffirmed its FY2024 and FY2025 guidance, highlighting bullish updates on Port Arthur LNG Phase 1 and Phase 2. Trading in line with the utility sector, Sempra's higher growth potential makes it a buy, but I recommend starting small and adding on dips.
Media assets here LOS ANGELES , Oct. 10, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) CEO Scott Drury was honored Wednesday with the Shift Diverse Business Solutions (Shift DBS) Transformative Leader Award at their annual Investor-owned Utility Supplier Summit. The event celebrates suppliers in the utility space, bringing together the California Public Utilities Commission (CPUC), prime suppliers, subcontractors, diverse businesses and some of California's utility leaders including San Diego Gas and Electric (SDG&E), Pacific Gas and Electric (PG&E), Southern California Edison (SCE), AT&T and SoCalGas.
Media assets here LOS ANGELES , Oct. 9, 2024 /PRNewswire/ -- Today, Southern California Gas Co. (SoCalGas) presented a $75,000 donation to Brotherhood Crusade to support the development of the new Danny J. Bakewell, Sr. Community Garden at the organization's headquarters in South Los Angeles.