Summary
Sempra Energy, based in San Diego, is an energy services holding company. In 2022, about 88% of SRE’s revenue came from its utilities with the remainder from wholesale energy sales. Its 18,000 employees serve more than 36 million customers. The company’s main regulated utilities are San Diego Gas & Electric (3.7 million gas and electric customers) and Southern California Gas (22 million gas customers). Oncor is the largest regulated electric utility in Texas (10 million customers).
Sempra LNG is a gas infrastructure company and developer of liquefaction facilities in North America, including new operations in Port Arthur, Texas. IEnova is a joint venture company, 99% owned by Sempra, which develops and operates energy infrastructure in Mexico. The company is increasing its use of renewables, including renewable hydrogen, with a 2050 target of net-zero emissions.
The company has had gas operations in Mexico for two decades. As of May 2022, SRE shares also trade on the Mexican Stock Exchange (BMV) under the ticker SRE. In 3Q22, the company announced several agreements to develop infrastructure projects for Mexico’s Federal Electricity Commission.
SRE is a component of the S&P 500 and has a market cap of $47 billion.
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Source: https://finance.yahoo.com/research/reports/ARGUS_3409_AnalystReport_1686309571000?yptr=yahoo&ncid=yahooproperties_plusresear_nm5q6ze1cei