SRE San Diego Gas & Electric Co
We are a Fortune 500 energy-services holding company. Through our businesses, which consist of seven separately managed reportable segments, we invest in, develop and operate energy infrastructure, and provide electric and gas services to customers in North and South America. We were formed in 1998 through a business combination of Enova and PE, the holding companies of our regulated public utilities in California: SDG&E, which began operations in 1881, and SoCalGas, which began operations in 1867. Since our formation in 1998, we have expanded our investment in regulated utility operations through acquisitions in North and South America. However, in January 2019, our board of directors approved a plan to sell our South American businesses based on our strategic shift to be geographically focused on North America. In March 2018, we acquired an indirect ownership interest in Oncor, a regulated electric transmission and distribution business that operates the largest transmission and distribution system in Texas. In 1995, we entered the energy infrastructure business in Mexico through what is now known as IEnova, the first energy infrastructure company to be listed on the Mexican Stock Exchange. IEnova has a diverse portfolio of projects and assets serving Mexico’s growing energy needs. Our energy infrastructure footprint continues to expand across North America, through LNG projects and assets in Louisiana, Texas and Mexico.
Company profile
Ticker
SRE
Exchange
Website
CEO
Jeffrey Walker Martin
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
951184800
SRE stock data
()
Calendar
1 Nov 19
17 Jan 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 19 | Dec 18 | Sep 18 | Jun 18 | |
|---|---|---|---|---|---|
| Revenue | 2.9B | ||||
| Net income | 441M | 864M | 274M | -561M | |
| Diluted EPS | 1.59 | 3.25 | 1.21 | -1.99 | |
| Net profit margin | 15.22% | ||||
| Operating income* | 794M | ||||
| Net change in cash | -24M | ||||
| Cash on hand | 78M | 102M |
| Annual (USD) | Dec 18 | Dec 17 | Dec 16 | Dec 15 | |
|---|---|---|---|---|---|
| Revenue | 11.69B | 11.21B | 10.18B | 10.23B | |
| Net income | 924M | 256M | 1.37B | 1.35B | |
| Diluted EPS | 3.42 | 1.01 | 5.46 | 5.37 | |
| Net profit margin | 7.91% | 2.28% | 13.45% | 13.19% | |
| Net change in cash | -186M | -61M | -54M | -167M | |
| Cash on hand | 102M | 288M | 349M | 403M |
Financial data from company earnings reports. *Asterisk values are approximate.
Financial report summary
?Management Discussion
- In the three months ended September 30, 2019, we reported earnings of $813 million and diluted EPS of $2.84 compared to earnings of $274 million and diluted EPS of $0.99 for the same period in 2018. In the nine months ended September 30, 2019, we reported earnings of $1,608 million and diluted EPS of $5.74 compared to earnings of $60 million and diluted EPS of $0.23 for the same period in 2018. The change in diluted EPS in the three months and nine months ended September 30, 2019 included a decrease of $0.20 and $0.31, respectively, due to an increase in weighted-average common shares outstanding. Our results and diluted EPS were impacted by variances discussed in “Segment Results” below and by the items included in the table “Sempra Energy Adjusted Earnings and Adjusted EPS,” also below.
Content analysis
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New words:
adjudicated, ambient, arrival, arrive, Austral, Bermuda, bifurcating, bond, burden, calendar, CCK, Chihuahua, Chilean, China, Chinese, clear, Comercializadora, deconsolidated, deconsolidation, diminished, driver, frequency, Hongkong, interface, irrevocably, lose, manufacturer, NaN, native, opted, panhandle, Pima, pool, Prepaid, quantified, reevaluate, rescinded, restart, Rumorosa, sanctioned, Scotia, subtracted, surcharge, thereof, trailing, unreasonable, Yangtze
Removed:
absorbed, achieve, addressing, adequately, award, boundary, Cal, canister, Climate, concluding, coordination, Council, decline, doctrine, experienced, explicit, failed, Fernando, formal, Fortune, harm, implement, improved, indoor, invalid, likelihood, loaded, metric, Neighborhood, oppose, overcollected, owner, PA, participated, political, preliminary, reconsideration, requesting, safe, safely, seasonality, unchanged, unenforceable, Valley, voting
Financial reports
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
7 Nov 18
10-Q
2018 Q2
Quarterly report
6 Aug 18
10-Q
2018 Q1
Quarterly report
7 May 18
10-K
2017 FY
Annual report
27 Feb 18
10-Q
2017 Q3
Quarterly report
30 Oct 17
10-Q
2017 Q2
Quarterly report
4 Aug 17
Current reports
8-K
Sempra Energy Reports Strong
1 Nov 19
8-K
Other Events
26 Sep 19
8-K
Sempra Energy Reports
2 Aug 19
8-K
Other Events
19 Jul 19
8-K
Other Events
12 Jul 19
8-K
Other Events
31 May 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
20 May 19
8-K
Sempra Energy Reports
7 May 19
8-K
Sempra Energy’s 2018 Earnings Rise on Strong Operating Results
26 Feb 19
8-K
Results of Operations and Financial Condition
7 Nov 18
Registration and prospectus
424B2
Prospectus for primary offering
29 May 19
FWP
Free writing prospectus
28 May 19
424B5
Prospectus supplement for primary offering
28 May 19
424B2
Prospectus for primary offering
15 May 18
FWP
Free writing prospectus
14 May 18
424B5
Prospectus supplement for primary offering
14 May 18
S-3
Shelf registration
22 Jan 18
424B2
Prospectus for primary offering
6 Jun 17
424B5
Prospectus supplement for primary offering
5 Jun 17
FWP
Free writing prospectus
5 Jun 17
Proxies
DEF 14C
Information statement
25 Apr 13
DEF 14C
Information statement
27 Apr 12
DEF 14C
Information statement
27 Apr 11
DEF 14C
Information statement
29 Apr 10
DEF 14C
Information statement
17 Apr 09
DEF 14C
Information statement
23 Apr 08
DEF 14C
Information statement
18 Apr 07
DEF 14C
Information statement
10 Oct 06
PRE 14C
Preliminary information
11 Sep 06
DEF 14C
Information statement
27 Mar 06
Other
UPLOAD
Letter from SEC
24 Aug 18
UPLOAD
Letter from SEC
14 Aug 18
EFFECT
Notice of effectiveness
1 Feb 18
CORRESP
Correspondence with SEC
30 Jan 18
UPLOAD
Letter from SEC
26 Jan 18
UPLOAD
Letter from SEC
9 Sep 16
UPLOAD
Letter from SEC
26 Aug 16
EFFECT
Notice of effectiveness
13 Jul 15
CORRESP
Correspondence with SEC
9 Jul 15
UPLOAD
Letter from SEC
8 Jul 15
Patents
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Utility power grid substation auxiliary power system
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An auxiliary power system for electrical substations is provided.
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Managing grid interaction with an interconnect socket adapter configured for a solar power source
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A system for managing grid interaction with a solar power source includes an energy exchange server, a plurality of solar energy sources, a plurality of interconnect socket adapters, and a plurality of energy exchange controllers, each energy exchange controller coupling to one of the plurality of interconnect socket adapters and dictating energy consumption based on energy pricing data received from the energy exchange server.
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Managing grid interaction with interconnect socket adapter configured for a wind power source
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A system for managing grid interaction with a wind power source includes an energy exchange server, a plurality of wind energy sources, a plurality of interconnect socket adapters, and a plurality of energy exchange controllers, each energy exchange controller coupling to one of the plurality of interconnect socket adapters and dictating energy consumption based on energy pricing data received from the energy exchange server.
APP
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Systems and Methods for Verifying Sub Metering Accuracy for Electric Vehicle Charging Stations
7 Nov 19
Some embodiments disclosed herein include systems and method for verifying meter accuracy.
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Managing power consumption through an interconnect socket adapter
29 Oct 19
Interconnection meter socket adapters are provided.