Sempra

NYSE:SREUnited States

Jun 26, 2024

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• Sector Update: Energy Stocks Fall Late Wednesday Afternoon, from 3:42PM ET on Wednesday Jun 26, 2024 by MT Newswires

  3:42PM ET on Wednesday Jun 26, 2024 by MT Newswires
  Companies Mentioned: PPL, SRE, PBA, BP
  03:42 PM EDT, 06/26/2024 (MT Newswires) -- Energy stocks declined late Wednesday afternoon with the NYSE Energy Sector Index shedding 0.8% and the Energy Select Sector SPDR Fund (XLE) down 1%. The Philadelphia Oil Service Sector index dropped 0.8%, ...

• Sector Update: Energy Stocks Retreat in Wednesday Afternoon Trading, from 1:44PM ET on Wednesday Jun 26, 2024 by MT Newswires

  1:44PM ET on Wednesday Jun 26, 2024 by MT Newswires
  Companies Mentioned: SRE, PSX, BP
  01:44 PM EDT, 06/26/2024 (MT Newswires) -- Energy stocks were declining Wednesday afternoon, with the NYSE Energy Sector Index declining 0.8% and the Energy Select Sector SPDR Fund (XLE) down 0.9%. The Philadelphia Oil Service Sector index was posti...

• Sempra, Aramco Sign Agreement for LNG Offtake, Equity Stake in Port Arthur Phase 2 Project, from 9:06AM ET on Wednesday Jun 26, 2024 by MT Newswires

  9:06AM ET on Wednesday Jun 26, 2024 by MT Newswires
  Companies Mentioned: SRE
  09:06 AM EDT, 06/26/2024 (MT Newswires) -- Sempra (SRE) and Aramco said Wednesday that their subsidiaries have signed a non-binding heads of agreement, or HOA, for the Port Arthur LNG Phase 2 expansion project. The HOA includes a 20-year sale and pu...

• Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2, from 8:10AM ET on Wednesday Jun 26, 2024 by PR Newswire

  8:10AM ET on Wednesday Jun 26, 2024 by PR Newswire
  Companies Mentioned: SRE

  Aramco, one of the world's leading integrated energy and chemicals companies, and Sempra (NYSE: SRE) (BMV: SRE), one of North America's leading energy infrastructure companies, today announce that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year sale and purchase agreement (SPA) for liquefied natural gas (LNG) offtake of 5.0 million tonnes per annum (Mtpa) from the Port Arthur LNG Phase 2 expansion project. The HoA further contemplates Aramco's 25% participation in the project-level equity of Phase 2.

• Aramco and Sempra announce Heads of Agreement for equity and offtake from Port Arthur LNG Phase 2, from 8:10AM ET on Wednesday Jun 26, 2024 by Dow Jones

  8:10AM ET on Wednesday Jun 26, 2024 by Dow Jones
  Companies Mentioned: SRE
  
  Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, inquiries, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures, and other significant transactions, including risks related to (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, (iv) obtaining third-party consents and approvals, and (v) third parties honoring their contracts and commitments; macroeconomic trends or other factors that could change our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitrations, property disputes and other proceedings, and changes to laws and regulations, including those related to tax and trade policy and the energy industry in Mexico; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, including due to (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, or (iii) rising interest rates and inflation; the impact on affordability of San Diego Gas & Electric Company's (SDG&E) and Southern California Gas Company's (SoCalGas) customer rates and their cost of capital and on SDG&E's, SoCalGas' and Sempra Infrastructure's ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices, (ii) with respect to SDG&E's and SoCalGas' businesses, the cost of meeting the demand for lower carbon and reliable energy in California, and (iii) with respect to Sempra Infrastructure's business, volatility in foreign currency exchange rates; the impact of climate and sustainability policies, laws, rules, regulations, disclosures and trends, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to relevant emerging and early-stage technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid, pipeline system or limitations on the withdrawal of natural gas from storage facilities; Oncor Electric Delivery Company LLC's (Oncor) ability to reduce or eliminate its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; and other uncertainties, some of which are difficult to predict and beyond our control.