Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 90

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 90
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 selected information for SoCalGas’ single segment and reconciliation of earnings attributable to common shares.SEGMENT INFORMATION(Dollars in millions)Three months ended June 30,Six months ended June 30,2025202420252024SoCalGas:Natural gas:Revenues from external customers(1)$1,421 $1,246 $3,489 $3,306 Regulatory revenues(2)(153)63 (201)(192)Total revenues1,268 1,309 3,288 3,114 Depreciation and amortization(251)(224)(493)(447)Interest income1 2 3 4 Interest expense(89)(78)(179)(155)Income tax expense(6)(10)(44)(53)Other segment items(3)(839)(869)(2,048)(1,974)Earnings attributable to common shares$84 $130 $527 $489 Capital expenditures for property, plant and equipment$1,045 $978 (1)    SoCalGas did not have revenues from transactions with a single external customer that amounted to 10% or more of its total revenues.(2)    See “Revenues from Sources Other Than Contracts with Customers” in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report for a description of this revenue source, which may be additive or subtractive from period to period.

(3)    Includes cost of natural gas, O&M, franchise fees and other taxes, other income (expense), net, and preferred dividends.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

PageOverview88Results of Operations by Registrant89Sempra89SDG&E101SoCalGas104Capital Resources and Liquidity107Critical Accounting Estimates122New Accounting Standards122

OVERVIEW

This combined MD&A includes the operational and financial results of the following three Registrants: 

▪Sempra is a California-based holding company with energy infrastructure investments in North America. Our businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers.

▪SDG&E is a regulated public utility that provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County.

▪SoCalGas is a regulated public natural gas distribution utility, serving customers throughout most of Southern California and part of central California.

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