SoCalGas Enhances Natural Gas Storage Capacity
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy SRE?
Source: Newsfilter
- Cost Savings: Southern California Gas Company estimates that its four underground natural gas storage fields helped customers avoid over $120 million in potential energy costs during January 2026's Winter Storm Fern, highlighting its critical role in energy system resiliency and affordability.
- Market Volatility Response: During the storm, SoCalGas withdrew over 8 billion cubic feet of natural gas from its storage facilities to meet regional demand, ensuring price stability for customers and avoiding exposure to market prices that soared to $30 per decatherm.
- Storage Facility Contribution: At the storm's peak, SoCalGas's storage facilities supplied nearly 60% of system demand, with Aliso Canyon providing about 30% of the total gas delivered, ensuring reliable energy delivery during significant market disruptions.
- Regional Energy Security: With over 90% of Southern California's natural gas imported, enhancing local storage capacity not only improves regional energy reliability and affordability but also supports electric generators during peak demand, reducing reliance on same-day market purchases during emergencies.
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Analyst Views on SRE
Wall Street analysts forecast SRE stock price to rise
12 Analyst Rating
9 Buy
3 Hold
0 Sell
Strong Buy
Current: 94.020
Low
89.00
Averages
100.58
High
115.00
Current: 94.020
Low
89.00
Averages
100.58
High
115.00
About SRE
Sempra is a North American energy infrastructure company. The Company's businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers. Its segments include Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides natural gas and electric service to Southern California and part of central California through its subsidiaries, SDG&E and SoCalGas. The Sempra Texas Utilities segment holds its investment in Oncor Holdings, which owns an over 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas, and its indirect 50% interest in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border. The Sempra Infrastructure segment develops, builds, operates and invests in energy infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Conference Call Details: Sempra executives will host a conference call at 12 p.m. ET on May 7 to discuss Oncor's Q1 operational and financial results, enhancing transparency and fostering investor communication.
- Live Webcast Availability: Investors, media, and the public can register on Sempra's investor section to listen to the live webcast of the conference call, ensuring broad participation and information dissemination.
- Regulatory Compliance: Oncor will file its 10-Q quarterly report for the period ending March 31, 2026, with the U.S. Securities and Exchange Commission after Sempra's call, further enhancing its compliance and transparency in information disclosure.
See More
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- Conference Call Details: Sempra executives will host a call at 12 p.m. ET on May 7 to discuss Oncor's financial and operational results, enhancing transparency and attracting investor interest.
- Live Webcast Availability: Investors, media, and the public can register on Sempra's investor section to listen to the live webcast of the call, ensuring real-time access to Oncor's latest developments.
- Quarterly Report Filing: Oncor will file its 10-Q report for the period ending March 31, 2026, with the SEC after Sempra's call, further enhancing the company's compliance and transparency in information disclosure.
See More
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- Conference Call Details: Senior leaders will host a conference call at 12 p.m. ET on the same day, providing a slide presentation aimed at offering investors and analysts a detailed interpretation of the earnings report and future outlook.
- Investor Participation: Investors, analysts, and others can register to listen to the live webcast and view related materials by visiting Sempra's Investors site, enhancing transparency and information sharing.
- Company Mission and Achievements: Sempra is committed to building America's leading utility growth business, playing a crucial role in power supply and energy resilience in California and Texas, two of the largest economies in the U.S.
See More
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- Conference Call Details: Senior leaders will host a conference call at 12 p.m. ET on the same day, providing a slide presentation aimed at sharing key financial data and strategic direction with investors and analysts.
- Investor Registration Information: Investors, analysts, and others can register to listen to the live webcast by visiting Sempra's Investors site, ensuring they stay updated on the company's latest developments.
- Company Mission and Vision: Sempra is committed to building America's leading utility growth business, playing a crucial role in electrifying and enhancing energy resilience in California and Texas, the two largest economies in the U.S.
See More
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- Removed Stocks: Jim removed Airbnb and Marvell Technology from the watchlist, citing Airbnb's episodic performance as a concern, while Marvell's 57% rally in 2026 indicated a missed buying opportunity.
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See More
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- Earnings Guidance Cut: The company lowered its 2025 earnings guidance to $4.50 per share from a previous forecast of $5.00, primarily due to higher interest and operating expenses, as well as lower consumption attributed to mild weather, indicating significant operational challenges ahead.
- Stock Price Plunge: Following the earnings report, Sempra's stock price fell by $16.54, or 18.97%, closing at $70.64, reflecting the market's pessimistic sentiment regarding the company's outlook.
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See More
