Southern California Gas Co (PK:SOCGP)
Business Focus: Natural Gas Utilities
| Sector: Utilities | Industry: Natural Gas Utilities |
| Company Contact | |
| Address: | 555 WEST 5TH STREET LOS ANGELES CA 90013-1011 |
| Tel: | N/A |
| Website: | https://www.socalgas.com |
| IR: | See website |
| Key People | ||
| Maryam S. Brown President | Scott D. Drury Chief Executive Officer, Director | Mia L. DeMontigny Chief Financial Officer, Senior Vice President, Chief Accounting Officer, Treasurer |
| Jimmie I. Cho Chief Operating Officer | David J. Barrett Senior Vice President, General Counsel | |
| Business Overview |
| Southern California Gas Company is a holding company with energy infrastructure investments in North America. The Company's businesses invest in, develops and operates energy infrastructure, and provides electric and gas services to customers. The Company operates through four segments: SDG&E, SoCalGas, Sempra Texas Utilities and Sempra Infrastructure. Its SDG&E segment provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. The Company's SoCalGas segment is a natural gas distribution utility, serving customers throughout Southern California and part of central California. Its Sempra Texas Utilities segment is comprised of investments in Oncor Holdings and Sharyland Holdings. Its Sempra Infrastructure segment includes the operating companies of its subsidiary, SI Partners, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure. |
| Financial Overview |
| For the nine months ended 30 September 2023, Southern California Gas Co revenues increased 35% to $6.57B. Net income applicable to common stockholders increased 57% to $531M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Legal Provisions/Litigation Expenses decrease from $259M (expense) to $0K. |
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