Michael Fitzsimmons is a retired electronics engineer and avid investor. He advises investors to construct a well-diversified portfolio built on a core foundation of a high-quality low-cost S&P500 fund. For investors who can tolerate short-term risks, he advises an over-weight position in the technology sector, which he believes is still in the early stages of a long-term secular bull-market. For dividend income, and as a 4th generation oil & gas man, Fitzsimmons suggests investors consider a position in la ...

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 ...

LOS ANGELES, Nov. 14, 2024 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and GKN Hydrogen today announced the commissioning of a research demonstration project with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL) on an innovative clean renewable hydrogen storage solution. The project, which will be located at NREL's Flatirons Campus in Arvada, Colo., uses GKN Hydrogen's storage technology to store hydrogen in a solid state (metal hydrides) compared to traditional ...

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 | --- | --- | --- | --- | --- | --- | |---------------------|------------------------------------------|--------------------------------------------------------------------------------- ...

Sempra (NYSE:SRE) Q3 2024 Earnings Conference Call November 6, 2024 12:00 PM ET Company Participants Glen Donovan - SVP, Finance Jeff Martin - Chairman & Chief Executive Officer Karen Sedgwick - Executive Vice President & Chief Financial Officer Justin Bird - Executive Vice President and Chief Executive Officer of Sempra Infrastructure Allen Nye - Chief Executive Officer of Oncor Conference Call Participants Nick Campanella - Barclays Shar Pourreza - Guggenheim Partners Julien Dumoulin-Smith - Jefferies Car ...

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 ...