Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 0

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

SEMPRACONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30,Nine months ended September 30, 2025202420252024 (unaudited)REVENUES Utilities:Natural gas$1,363 $1,195 $5,195 $4,798 Electric1,260 1,069 3,350 3,269 Energy-related businesses528 512 1,408 1,360 Total revenues3,151 2,776 9,953 9,427 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas(210)(99)(886)(790)Cost of electric fuel and purchased power(122)18 (265)(227)Energy-related businesses cost of sales(117)(134)(321)(297)Operation and maintenance(1,349)(1,326)(3,931)(3,871)Depreciation and amortization(662)(614)(1,955)(1,811)Franchise fees and other taxes(194)(175)(555)(515)Other income, net49 65 199 194 Interest income17 17 65 47 Interest expense(403)(328)(1,195)(944)Income before income taxes and equity earnings160 200 1,109 1,213 Income tax (expense) benefit(482)105 (711)63 Equity earnings472 454 1,190 1,235 Net income150 759 1,588 2,511 Earnings attributable to noncontrolling interests(55)(110)(103)(325)Preferred deemed dividends(11)— (11)— Preferred dividends(7)(11)(29)(33)Preferred dividends of subsidiary— — (1)(1)Earnings attributable to common shares$77 $638 $1,444 $2,152 Basic EPS:Earnings$0.12 $1.01 $2.21 $3.40 Weighted-average common shares outstanding652,948 633,752 652,538 633,342 Diluted EPS:Earnings$0.12 $1.00 $2.21 $3.38 Weighted-average common shares outstanding654,009 638,