Company profile

Ticker
SRE
Exchange
Website
CEO
Jeffrey Walker Martin
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
951184800

SRE stock data

(
)

Calendar

4 May 20
11 Jul 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

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Management Discussion
  • In the three months ended March 31, 2020, we reported earnings of $760 million and diluted EPS of $2.53 compared to earnings of $441 million and diluted EPS of $1.59 for the same period in 2019. The change in diluted EPS in the three months ended March 31, 2020 included a decrease of $(0.34) due to an increase in weighted-average common shares outstanding. Our results and diluted EPS were impacted by variances discussed in “Segment Results” below.
  • This section presents earnings (losses) by Sempra Energy segment, as well as Parent and other, in the three months ended March 31, 2020 and 2019, and the related discussion of the changes in segment earnings (losses) between these periods. 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.
  • Due to the delay in the issuance of the CPUC’s final decision in the California Utilities’ 2019 GRC, the California Utilities recorded revenues in the first quarter of 2019 based on levels authorized for 2018 under the 2016 GRC. The 2019 GRC FD, which was issued by the CPUC in September 2019, was effective retroactively to January 1, 2019. The California Utilities’ CPUC-authorized base revenues for the first quarter of 2020 are based on the revenues authorized for the 2019 test year plus the amount authorized for attrition for 2020. Had the 2019 GRC FD been in effect in the first quarter of 2019, SDG&E’s and SoCalGas’ earnings for the first quarter of 2019 would have been higher by $36 million and $84 million, respectively. These amounts were recorded in earnings in the third quarter of 2019. We provide additional information on the 2019 GRC FD in Note 4 of the Notes to Condensed Consolidated Financial Statements in this report and in Note 4 of the Notes to Consolidated Financial Statements in the Annual Report.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Patents

APP
Utility
Managing Grid Interaction with Interconnect Socket Adapter Configured for an Energy Storage Device
21 May 20
A system for managing grid interaction with an energy storage device includes an energy exchange server, a plurality of energy storage devices, 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
Utility
Nonconductive Films for Lighter Than Air Balloons
14 May 20
Non-conductive films for constructing lighter than air balloons are provided.
GRANT
Utility
Managing a power exchange using interconnect socket adapters
28 Apr 20
A power exchange includes an energy exchange server and a plurality of exchange controllers, each exchange controller communicatively coupled to an interconnect socket adapter, wherein the energy exchange server receives a real-time energy consumption data set, a real-time energy production data set, a set of environmental parameters and a starting energy price, and generates a current aggregate electricity demand value as a function of the real-time energy consumption data set and the environmental parameters, a current aggregate electricity supply value as a function of the real-time energy production dataset and the environmental parameters, and a current energy price as a function of the starting energy price, the current aggregate electricity demand value, and the current aggregate electricity supply value.
GRANT
Utility
Managing grid interaction with interconnect socket adapter configured for an energy storage device
3 Mar 20
A system for managing grid interaction with an energy storage device includes an energy exchange server, a plurality of energy storage devices, 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.
GRANT
Utility
Nonconductive films for lighter than air balloons
3 Mar 20
Non-conductive films for constructing lighter than air balloons are provided.