Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 241

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 241
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. Sempra has the following three operating and reportable segments, which are managed separately based on services provided, geographic location and regulatory framework:▪Sempra California provides natural gas and electric service to Southern California and part of central California through Sempra’s wholly owned subsidiaries, SDG&E and SoCalGas, which are regulated public utilities.▪Sempra Texas Utilities holds our equity method investment in Oncor Holdings, which owns an 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 our equity method investment in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border. ▪Sempra Infrastructure includes the operating companies of SI Partners, in which Sempra Infrastructure owns a 70% interest, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure to help provide safe, sustainable and reliable access to cleaner energy in markets in the U.S., Mexico and globally. Amounts labeled as “Parent and other,” which does not meet the definition of an operating or reportable segment, consist primarily of activities of parent organizations.

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Table of Contents

The following tables present selected information by segment and reconciliations of assets, capital expenditures for PP&E, and earnings attributable to common shares to Sempra’s consolidated totals.SEGMENT INFORMATION(Dollars in millions)March 31,2025December 31,2024ASSETSSempra California$57,830 $56,116 Sempra Texas Utilities16,008 15,534 Sempra Infrastructure24,124 22,954 Segment totals97,962 94,604 Parent and other2,099 2,622 Intersegment eliminations(1)(1,051)(1,071)Total Sempra$99,010 $96,155 EQUITY METHOD INVESTMENTSSempra Texas Utilities$15,995 $15,522 Sempra Infrastructure2,376 2,411 Segment totals/Total Sempra$18,371 $17,933 Three months ended March 31,20252024CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENTSempra California$1,094 $1,143 Sempra Infrastructure1,241 790 Segment totals2,335 1,