Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 390

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 390
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 contracts with customers$11,944 $1,849 $(71)$13,722 Utilities regulatory revenues633 — — 633 Other revenues— 70 14 84 Total revenues$12,577 $1,919 $(57)$14,439 

2024 Form 10-K  |  F-51

DISAGGREGATED REVENUES(Dollars in millions)SDG&ESoCalGasYears ended December 31,202420232022202420232022By major service line:Revenues from contracts with customers –Utilities$5,042 $5,954 $5,586 $6,134 $7,857 $6,459 By market:Gas$878 $1,204 $899 $6,134 $7,857 $6,459 Electric4,164 4,750 4,687 — — — Revenues from contracts with customers$5,042 $5,954 $5,586 $6,134 $7,857 $6,459 Revenues from contracts with customers$5,042 $5,954 $5,586 $6,134 $7,857 $6,459 Utilities regulatory revenues299 (357)252 75 432 381 Total revenues$5,341 $5,597 $5,838 $6,209 $8,289 $6,840 

REVENUES FROM CONTRACTS WITH CUSTOMERSRevenues from contracts with customers are primarily related to the transmission, distribution and storage of natural gas and the generation, transmission and distribution of electricity through our regulated utilities. We also provide other midstream and renewable energy-related services. We assess our revenues on a contract-by-contract basis as well as a portfolio basis to determine the nature, amount, timing and uncertainty, if any, of revenues being recognized.We generally recognize revenues when performance of the promised commodity or service is provided to customers and invoices are issued for an amount that reflects the consideration we are entitled to in exchange for those services. We consider the delivery and transmission of natural gas and electricity and providing of natural gas storage services as ongoing and integrated services. Generally, natural gas or electricity services are received and consumed by the customer simultaneously. Performance obligations related to these services are satisfied over time and represent a series of distinct services that are substantially the same and that