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 ...

Sempra executives will host a conference call at 12 p.m. ET on Tuesday, August 6 that will include discussion of Oncor's second quarter 2024 operational and financial results. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of Sempra's website and clicking on the appropriate link. Prior to the conference call, an accompanying slide presentation will be posted on sempra.com/investors. Oncor's Quarterly Report on Form 10-Q f ...

Jeffrey W. Martin, chairman and CEO, Karen Sedgwick, executive vice president and chief financial officer, and other senior leaders from across the company will host a conference call at 12 p.m. ET on Tuesday, August 6. Investors, media, analysts and the public may listen to a live webcast of the conference call by registering on the Investors section of the company's website and clicking on the appropriate link. For those unable to obtain access to the live webcast, it will be available on replay a few hou ...

HOUSTON, July 18, 2024 /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement and construction (EPC) contract for the Port Arthur LNG Phase 2 project under development in Port Arthur, Texas. "We are thrilled to achieve this milestone with Bechtel for the Port Arthur LNG Phase 2 development project and are confident that our continued collaboration with t ...