Sempra Energy Pivots To LNG, But ConocoPhillips Is The Better Angle

Nov. 26, 2022 7:13 AM ETSempra (SRE)COP, WMB, XLU6 Comments
Michael Fitzsimmons profile picture
Michael Fitzsimmons
19.53K Followers

Summary

  • Sempra Energy recently announced very strong Q3 results and raised its FY22 guidance as well.
  • The company also inked two big HOA off-take agreements with Williams and Conoco Phillips related to its proposed Gulf Coast LNG projects (FID expect in Q1 FY23).
  • That being the case, it would appear that LNG may become the primary growth catalyst from Sempra's regulated electric utility operations in California & Texas.
  • That said, given the Biden administration's recent Infrastructure and Clean-Energy Acts, the outlook for Sempra's utility operations is quite rosy as well.

Sempra Energy corporate headquarters building facade. U.S. Flag proudly waving atop energy infrastructure company office under blue sky

Michael Vi

San Diego, CA based Sempra Energy (NYSE:SRE) serves more than 40 million customers - primarily in California, Texas, and Mexico - through its electric utility, electric transmission lines (300,000 miles worth), and LNG assets. The

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SRE's Q3 Performance

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Port Arthur, TX LNG Project

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This article was written by

Michael Fitzsimmons profile picture
19.53K Followers
Technology stocks, ETFs, portfolio strategy, renewable energy, and O&G companies. Primary goal is growing net-worth. I typically allocate a portion of my own portfolio and devote some of my SA articles to small and medium sized companies offering compelling risk/reward propositions. I am an Electronics Engineer, not a qualified investment advisor. While the information and data presented in my articles are obtained from company documents and/or sources believed to be reliable, they have not been independently verified. Therefore, I cannot guarantee its accuracy. I advise investors conduct their own research and due-diligence and to consult a qualified investment advisor. I explicitly disclaim any liability that may arise from investment decisions you make based on my articles. Thanks for reading and I wish you much investment success!

Disclosure: I/we have a beneficial long position in the shares of COP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am an electronics engineer, not a CFA. The information and data presented in this article were obtained from company documents and/or sources believed to be reliable, but have not been independently verified. Therefore, the author cannot guarantee their accuracy. Please do your own research and contact a qualified investment advisor. I am not responsible for the investment decisions you make.

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