Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets at the end of 2019, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 18,000 employees deliver energy with purpose to over 35 million consumers. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in sustainability, and diversity and inclusion, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index. The company was also named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine.

Company profile
Ticker
SRE, SREA
Exchange
Website
CEO
Jeffrey Martin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
MINERAL ENERGY CO
SEC CIK
Corporate docs
Subsidiaries
San Diego Gas & Electric Company • Sempra Texas Intermediate Holding Company LLC • Southern California Gas Company ...
IRS number
330732627
SRE stock data
News
SoCalGas Joins Ford To 'Reduce Emissions With Edge F-550 Super Duty Hydrogen Fuel Cell Electric Truck
15 Aug 22
Sempra Energy's Return On Capital Employed Overview
12 Aug 22
$1000 Invested In This Stock 20 Years Ago Would Be Worth $7,300 Today
4 Aug 22
Sempra Energy Earlier Reported Q2 EPS $1.98 Beats $1.73 Estimate, Sales $3.55B Beat $2.94B Estimate
4 Aug 22
Recap: Sempra Energy Q2 Earnings
4 Aug 22
Press releases
Sempra Foundation and GRID Alternatives Advance Energy Access for Orphans and Migrant Youth in Mexico
16 Aug 22
SoCalGas Joins Ford to Reduce Emissions with Cutting Edge F-550 Super Duty Hydrogen Fuel Cell Electric Truck
15 Aug 22
SoCalGas Declares Preferred Dividends
10 Aug 22
SoCalGas Breaks Ground on Mobilehome Park Utility Conversion Project in Indio
5 Aug 22
ONCOR REPORTS SOLID SECOND QUARTER 2022 RESULTS
4 Aug 22
Analyst ratings and price targets
Current price
Average target
$167.67
Low target
$160.00
High target
$176.00
Morgan Stanley
Maintains
$160.00
Barclays
Maintains
$176.00
Goldman Sachs
Upgraded
$167.00
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.09B | 2.09B | 2.09B | 2.09B | 2.09B | 2.09B |
Cash burn (monthly) | 147.67M | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 243.37M | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 1.85B | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 12.5 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 22 | Boeckmann Alan L | Phantom Shares Common Stock | Grant | Acquire A | No | No | 153.56 | 224.67 | 34.5K | 27,232.58 |
1 Jul 22 | Ferrero Pablo | Phantom Shares Common Stock | Grant | Acquire A | No | No | 153.56 | 81.4 | 12.5K | 5,198.83 |
1 Jul 22 | Conesa Andres | Phantom Shares Common Stock | Grant | Acquire A | No | No | 153.56 | 81.4 | 12.5K | 3,993.2 |
1 Jul 22 | Contreras-Sweet Maria | Phantom Shares Common Stock | Grant | Acquire A | No | No | 153.56 | 81.4 | 12.5K | 3,995.15 |
1 Jul 22 | Yardley James C | Phantom Shares Common Stock | Grant | Acquire A | No | No | 153.56 | 81.4 | 12.5K | 14,712.6 |
Institutional ownership, Q2 2022
13F holders | Current |
---|---|
Total holders | 915 |
Opened positions | 98 |
Closed positions | 113 |
Increased positions | 335 |
Reduced positions | 291 |
13F shares | Current |
---|---|
Total value | 39.37B |
Total shares | 262.35M |
Total puts | 178.71K |
Total calls | 574.52K |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 30.76M | $4.62B |
Vanguard | 27.57M | $4.14B |
TROW T. Rowe Price | 21.57M | $3.24B |
STT State Street | 18.8M | $2.83B |
Capital International Investors | 18.44M | $2.77B |
Wellington Management | 12.41M | $1.87B |
DB Deutsche Bank AG - Registered Shares | 7.52M | $1.13B |
Newport Trust | 7.45M | $1.12B |
Geode Capital Management | 5.57M | $835.89M |
FMR | 5.36M | $805.07M |
Financial report summary
?Risks
- Sempra’s cash flows, ability to pay dividends and ability to meet its debt obligations largely depend on the performance of its subsidiaries and entities accounted for as equity method investments.
- Sempra has substantial investments in and obligations arising from businesses it does not control or manage or in which it shares control.
- Our business could be negatively affected by actions of activist shareholders.
- Any impairment of our assets or investments could negatively impact us.
- The economic interest, voting rights and market value of our outstanding common and preferred stock may be adversely affected by any additional equity securities we may issue.
- Dividend requirements associated with our preferred stock subject us to risks.
- Our common stock is listed on the Mexican Stock Exchange and registered with the CNBV, which subjects us to additional regulation and liability in Mexico.
- Our businesses are subject to risks arising from their infrastructure and information systems.
- Our businesses face risks related to the COVID-19 pandemic.
- Severe weather, natural disasters and other similar events could materially adversely affect us.
- We seek growth opportunities in the market organically and inorganically, including through the acquisition of, or partnerships in, operating companies.
- Increasing activities and projects intended to advance new energy technologies could introduce new risks to our businesses.
- The operation of our facilities depends on good labor relations with our employees.
- In addition to general information and cyber risks that all large corporations face, we face evolving cybersecurity risks associated with protecting sensitive and confidential customer and employee information and energy grid, natural gas pipeline, storage and other infrastructure.
- Our debt service obligations expose us to risks, and with respect to Sempra, could require additional equity securities issuances.
- Credit rating agencies may downgrade our credit ratings or place those ratings on negative outlook.
- We do not fully hedge our assets or contract positions against changes in commodity prices, and for those contract positions that are hedged, our hedging procedures may not mitigate our risk as expected.
- Risk management procedures may not prevent or mitigate losses.
- Market performance or changes in other assumptions could require unplanned contributions to pension and other postretirement benefit plans.
- Our businesses require numerous permits, licenses, franchises and other approvals from various governmental agencies, and the failure to obtain or maintain any of them could materially adversely affect us.
- Our businesses are subject to numerous governmental regulations and complex tax and accounting requirements and may be materially adversely affected by these regulations or requirements or any changes to them.
- We may be materially adversely affected by the outcome of litigation or other proceedings in which we are involved.
- Wildfires in California pose risks to Sempra California (particularly SDG&E) and Sempra.
- The electricity industry is undergoing significant change, including increased deployment of distributed energy resources, technological advancements, and political and regulatory developments.
- Natural gas and natural gas storage have increasingly been the subject of political and public scrutiny, including a desire by some to reduce or eliminate reliance on natural gas as an energy source.
- SDG&E may incur significant costs and liabilities from its partial ownership of a nuclear facility being decommissioned.
- SDG&E and SoCalGas are subject to extensive regulation by federal, state and local legislative and regulatory authorities, which may materially adversely affect Sempra, SDG&E and SoCalGas.
- SoCalGas has incurred and may continue to incur significant costs, expenses and other liabilities related to the Leak, a substantial portion of which may not be recoverable through insurance.
- Any failure by the CPUC to adequately reform SDG&E’s rate structure could have a material adverse effect on SDG&E and Sempra.
- Certain ring-fencing measures, governance mechanisms and commitments limit our ability to influence the management, operations and policies of Oncor.
- Changes in the regulation or operation of the electric utility industry and/or the ERCOT market could materially adversely affect Oncor, which could materially adversely affect us.
- Oncor’s operations are capital-intensive, and it could have liquidity needs that necessitate additional investments.
- Sempra could incur substantial tax liabilities if EFH’s 2016 spin-off of Vistra from EFH is deemed to be taxable.
- Project development activities may not be successful, projects under construction may not be completed on schedule or within budget, and completed projects may not operate at expected levels, any of which could materially adversely affect us.
- We are dependent on the equipment provided by third parties to operate Cameron LNG JV’s Phase 1 project and the failure of such equipment may adversely impact our business and performance.
- Hydraulic fracturing is subject to political, economic and other uncertainties.
- Fixed-price long-term contracts for services or commodities expose our businesses to inflationary pressures.
- Increased competition could materially adversely affect us.
- We may not be able to enter into, maintain, extend or replace long-term supply, sales or capacity agreements.
- Our businesses depend on the performance of counterparties, and any performance failures by these counterparties could materially adversely affect us.
- We rely on transportation assets and services, much of which we do not own or control, to deliver natural gas and electricity.
- Our international businesses and operations expose us to foreign currency and inflation risks.
- Our businesses are exposed to market risks, including fluctuations in commodity prices, that could materially adversely affect us.
- Our international businesses and operations expose us to increased legal, regulatory, tax, economic, geopolitical and management oversight risks and challenges.
- Our businesses are subject to various legal actions challenging our property rights and permits, and our properties in Mexico could be subject to expropriation by the Mexican government.
Management Discussion
- ▪Impact of foreign currency and inflation rates on results of operations.
- Our earnings and diluted EPS were impacted by variances discussed below in “Segment Results.”
- This section presents earnings (losses) by Sempra segment, as well as Parent and other, and a related discussion of the changes in segment earnings (losses). Throughout the MD&A, our reference to earnings represents earnings attributable to common shares. Variance amounts presented are the after-tax earnings impact (based on applicable statutory tax rates), unless otherwise noted, and before NCI, where applicable.
Content analysis
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Financial reports
Current reports
8-K
Sempra Reports Second-Quarter 2022 Earnings Results
4 Aug 22
8-K
Other Events
1 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
16 May 22
8-K
Sempra Reports First-Quarter 2022 Earnings Results
5 May 22
8-K
Other Events
24 Mar 22
8-K
Other Events
22 Mar 22
8-K
Other Events
14 Mar 22
8-K
Other Events
11 Mar 22
8-K
Other Events
9 Mar 22
8-K
Other Events
8 Mar 22
Registration and prospectus
424B2
Prospectus for primary offering
22 Mar 22
FWP
Free writing prospectus
21 Mar 22
424B5
Prospectus supplement for primary offering
21 Mar 22
S-8
Registration of securities for employees
18 Nov 21
424B2
Prospectus for primary offering
16 Nov 21
FWP
Free writing prospectus
15 Nov 21
424B5
Prospectus supplement for primary offering
15 Nov 21
25-NSE
Exchange delisting
15 Jul 21
425
Business combination disclosure
26 Apr 21
425
Business combination disclosure
26 Apr 21
Proxies
DEFA14A
Additional proxy soliciting materials
29 Mar 22
DEFA14A
Additional proxy soliciting materials
10 May 21
DEFA14A
Additional proxy soliciting materials
12 Apr 21
PX14A6G
Letter to shareholders
29 Mar 21
DEFA14A
Additional proxy soliciting materials
26 Mar 21
PX14A6G
Letter to shareholders
5 May 20
DEFA14A
Additional proxy soliciting materials
14 Apr 20
DEF 14A
Definitive proxy
18 Mar 20
Other
UPLOAD
Letter from SEC
2 Sep 21
CORRESP
Correspondence with SEC
19 Aug 21
UPLOAD
Letter from SEC
9 Aug 21
EFFECT
Notice of effectiveness
27 Apr 21
CORRESP
Correspondence with SEC
22 Apr 21
UPLOAD
Letter from SEC
18 Jan 21
CORRESP
Correspondence with SEC
10 Jan 21
CERT
Certification of approval for exchange listing
26 Jun 19
UPLOAD
Letter from SEC
23 Aug 18
CORRESP
Correspondence with SEC
21 Aug 18
Ownership
4
SEMPRA ENERGY / CYNTHIA J WARNER ownership change
5 Jul 22
4
SEMPRA ENERGY / JAMES C YARDLEY ownership change
5 Jul 22
4
SEMPRA ENERGY / Cynthia Lynn Walker ownership change
5 Jul 22
4
SEMPRA ENERGY / Jack T Taylor ownership change
5 Jul 22
4
SEMPRA ENERGY / MICHAEL N MEARS ownership change
5 Jul 22
4
SEMPRA ENERGY / Bethany Mayer ownership change
5 Jul 22
4
SEMPRA ENERGY / Pablo Ferrero ownership change
5 Jul 22
4
SEMPRA ENERGY / ANDRES CONESA ownership change
5 Jul 22
4
SEMPRA ENERGY / Maria Contreras-Sweet ownership change
5 Jul 22
4
SEMPRA ENERGY / ALAN L BOECKMANN ownership change
5 Jul 22
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