Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 12

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 12
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.93/share)(225)(225)Balance at September 30, 2024$1,660 $8,695 $(8)$10,347 

See Notes to Condensed Financial Statements.

22

SOUTHERN CALIFORNIA GAS COMPANYCONDENSED STATEMENTS OF OPERATIONS(Dollars in millions) Three months ended September 30,Nine months ended September 30,2025202420252024 (unaudited)Operating revenues$1,181 $1,054 $4,469 $4,168 Operating expenses: Cost of natural gas182 82 749 661 Operation and maintenance623 678 2,002 1,998 Depreciation and amortization257 228 750 675 Franchise fees and other taxes74 66 215 200 Total operating expenses1,136 1,054 3,716 3,534 Operating income45 — 753 634 Other (expense) income, net(3)13 37 73 Interest income2 3 5 7 Interest expense(93)(82)(272)(237)(Loss) income before income taxes(49)(66)523 477 Income tax benefit (expense)95 52 51 (1)Net income (loss)46 (14)574 476 Preferred dividends— — (1)(1)Earnings (losses) attributable to common shares$46 $(14)$573 $475 

See Notes to Condensed Financial Statements.

23

SOUTHERN CALIFORNIA GAS COMPANYCONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Dollars in millions) PretaxamountIncome tax  benefit (expense) Net-of-taxamount (unaudited) Three months ended September 30, 2025 and 20242025:   Net (loss) income$(49)$95 $46 Other comprehensive income (loss):Financial instruments1 — 1 Pension and other postretirement benefits7 (2)5 Total other comprehensive income8 (2)6 Comprehensive (loss) income$(41)$93 $52 2024:   Net loss/Comprehensive loss$(66)$52 $(14)Nine months ended September 30, 2025 and 20242025:   Net income$523