Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 52

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 52
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or. In the nine months ended September 30, 2025 and 2024, Sempra contributed $1.5 billion and $578 million, respectively, to Oncor Holdings, and Oncor Holdings distributed $459 million and $314 million, respectively, to Sempra. On October 29, 2025, Sempra contributed $519 million to Oncor Holdings, and on October 28, 2025, Oncor Holdings distributed $175 million to Sempra.

We provide summarized income statement information for Oncor Holdings in the following table.SUMMARIZED FINANCIAL INFORMATION – ONCOR HOLDINGS(Dollars in millions) Three months ended September 30,Nine months ended September 30,2025202420252024Operating revenues$1,845 $1,660 $5,047 $4,610 Operating expenses(1,213)(1,109)(3,537)(3,203)Income from operations632 551 1,510 1,407 Interest expense(201)(170)(578)(481)Income tax expense(82)(75)(179)(179)Net income378 320 814 791 NCI held by Texas Transmission Investment LLC(75)(63)(162)(157)Earnings attributable to Sempra(1)303 257 652 634 (1)    Excludes adjustments to equity earnings related to amortization of a tax sharing liability associated with a tax sharing agreement and changes in basis differences in AOCI within the carrying value of our equity method investment. 

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SEMPRA INFRASTRUCTUREIn connection with the planned sale of a portion of our equity interest in SI Partners, which we discuss in Note 6, the carrying amount of our equity method investments totaling $2.5 billion at September 30, 2025 is included in Assets Held for Sale on Sempra’s Condensed Consolidated Balance Sheet. 

Cameron LNG JVIn the nine months ended September 30, 2025 and 2024, Sempra Infrastructure contributed $2 million and $10 million, respectively, to Cameron LNG JV, and Cameron LNG JV distributed $369 million and $353 million, respectively, to Sempra Infrastructure.

TAG NorteIn the nine months ended September 30, 2025 and 2024, TAG Norte distributed $45 million and $62 million, respectively, to Sempra Infrastructure.

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NOTE 6. SEMPRA – POTENTIAL DIVESTITURES