Sempra Energy Finalizes ConocoPhillips JV and Launches Port Arthur LNG Project

Sempra Energy reported today the launch of LNG project at Port Arthur Texas. The project is 70%-owned by SRE’s subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure). The company reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. ConocoPhillips in a joint venture with Sempra through an affiliate of COP acquired the other 30%, as a non-controlling interest in the project, Highlights Sempra Infrastructure closed … Continue reading “Sempra Energy Finalizes ConocoPhillips JV and Launches Port Arthur LNG Project”

Sempra Energy Earnings Beat On Top and Bottom Lines

Sempra Energy reported better than expected fourth quarter earnings Tuesday on the the bootom and top lines. Last quarter $SRE announced a new partnership with Total on Cameron LNG, investors will be looking for more updates there and how Oncor is developing.

Sempra Energy Revenue Lower, Midstream and Wind Power Writedowns

Sempra Energy reported worse than expected second quarter earnings Monday.$SRE reported a net loss of $561 million  with a $755 million impairment charge from the planned sale of certain U.S. midstream assets and $145 million charge on sale of U.S. wind investments.

Sempra Energy $SRE Beats Earnings, Expect Cameron LNG Train 1 to be Delayed Until 2019

On the Gulf Coast Sempra Energy $SRE reported that they are currently expecting Cameron LNG Train 1 to be delayed until 2019 due to several unstated factors. The next two trains will follow throughout 2019. Earlier Sempra had beat earnings and raised Guidance.