Dafinchi AI

SRE

Energy & Utilities

1w

Progress on Sempra Infrastructure LNG Projects and Commercial Milestones

Cameron LNG Phase 1 celebrated its 1,000th cargo export in 6 years since commissioning in 2019, highlighting operational success.
Steady progress at ECA LNG Phase 1, with over 94% completion as of July, aiming for commercial operations in spring 2026.
Port Arthur LNG Phase 1 is over 50% complete, with targeted commercial operation dates in 2027 for Train 1 and 2028 for Train 2.
Port Arthur LNG Phase 2 received Department of Energy export authorization in May and has executed a 20-year SPA with JERA for 1.5 MTPA, supporting FID in 2025.

Cheniere Energy, Inc.

LNG

Energy & Utilities

1w

Formal FID and Expansion of Corpus Christi Midscale Trains 8 & 9

Cheniere announced a formal FID on the Corpus Christi Midscale Trains 8 & 9 project, marking a significant step in their growth strategy.
The project is expected to add approximately 5 million tonnes of capacity by 2028, with full notice to proceed issued to Bechtel.
This project leverages the company's brownfield platform and is considered one of the most attractive LNG projects globally.
The company is also initiating prefiling with FERC for the next large-scale growth project, CCL Stage 4, aiming for phased development.
The focus remains on maximizing site capabilities and executing growth in a financially disciplined manner.

SRE

Energy & Utilities

1w

Financial Performance Summary

Adjusted earnings for Q2 2025 were $583 million or $0.89 per share, flat compared to $567 million or $0.89 per share in Q2 2024.
First half 2025 results were solid, with execution on value creation initiatives supporting full-year guidance.
Parent company saw a $16 million increase mainly from timing of income tax benefits and net investment gains, offset by higher interest expense.
Sempra California saw a $5 million increase primarily from higher regulatory awards and electric transmission margin, offset by lower CPUC base operating margin and authorized cost of capital.
Sempra Infrastructure revenues increased by $26 million from contract modifications and higher power volumes.
Sempra reported Q2 2025 GAAP earnings of $461 million or $0.71 per share, down from $713 million or $1.12 per share in Q2 2024.
Sempra Texas had $6 million higher equity earnings due to invested capital growth and customer growth, partially offset by higher expenses and lower consumption due to weather.

Antero Resources Corporation

AR

Energy & Utilities

2w

Record LNG Demand and Accelerated Phase 2 Start at Plaquemines LNG Facility

Venture Global's Plaquemines LNG achieved a daily record of over 2.9 Bcf/day in July, representing 120% of Phase 1 capacity.
Phase 2 of the LNG facility is starting production ahead of schedule, with full Phase 2 expected in late 2025.
This accelerated ramp is driving higher demand and premium realizations for natural gas, supporting higher prices through 2026.

Excelerate Energy, Inc.

EE

Energy & Utilities

1w

Jamaica Acquisition and Strategic Integration

The Jamaica acquisition closed in May 2025, adding Montego Bay, Old Harbour LNG terminals, and other assets, with integration progressing as planned.
Assets are exceeding operational expectations, contributing meaningfully to earnings, and are in excellent condition due to deep expertise of new team members.
The acquisition strengthens Excelerate’s U.S. LNG supply portfolio, aligning 21-year Jamaica contracts with Venture Global’s 20-year offtake, securing long-term downstream destinations.
Management emphasizes optimizing existing assets, expanding commercial activity, and targeted investments to unlock EBITDA growth of $80M-$110M by 2030.
Initial efforts include increasing throughput, selling incremental LNG volumes, and exploring infrastructure projects like new power generation and pipelines.
The strategic goal is to scale the platform regionally, leveraging Jamaica as a hub for LNG distribution across the Caribbean, with geographic advantages and cost efficiencies.

Kosmos Energy Ltd.

KOS

Energy & Utilities

2w

Gimi LNG Project Achieves Commercial Operations Date (COD) with 6.5 Cargoes Lifted in 2025

Gimi FLNG achieved COD in late June, marking a key milestone for the GTA project.
Targeting full capacity of 2.7 million tonnes per annum in Q4 2025.
Lifted 6.5 gross cargoes year-to-date, with expected increase in production during winter months.

VAALCO Energy, Inc.

EGY

Energy & Utilities

1w

Côte d'Ivoire FPSO Project Progress and Schedule

The FPSO in Côte d'Ivoire ceased operations on January 31, 2025, with final crude lifting in early February and the vessel moved to Dubai for refurbishment in mid-May 2025.
The project remains ahead of schedule, with reconnection and start-up expected in late March 2026, maintaining the original timeline.
Refurbishment investment is significant but supported by a license extension and 125% cost oil recovery, ensuring economic viability.
Significant development drilling in Côte d'Ivoire is projected to begin in 2026 after FPSO returns to service, with potential for substantial production increases from the Baeobab field.

Clean Energy Fuels Corp.

CLNE

Energy & Utilities

1w

Regulatory Impact of the 45Z Production Tax Credit and Legislation

Management emphasized that the legislation's recognition of negative emissions from manure is a key factor in their strategic growth and project development.
The company is actively developing multiple dairy RNG projects, with several operational and others under construction, aiming to produce RNG by the end of 2025.
The legislation's extension and strengthening are viewed as a positive tailwind for the company's long-term growth in RNG production and environmental impact.