Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 291

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 291
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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

SEMPRA INFRASTRUCTUREAssets Held for SaleWe classify assets as held for sale once all applicable criteria under U.S. GAAP have been satisfied, including when management, having the authority to approve the action, commits to a formal plan to actively market an asset for sale and expects the sale to close within the next twelve months. Upon classifying a group of assets as held for sale, we record the disposal group at the lower of its carrying value or its estimated fair value reduced for selling costs, and we stop recording depreciation and amortization expense on those assets.We summarize the carrying amounts of the major classes of assets and related liabilities of SI Partners, inclusive of Ecogas, classified as held for sale in the following table.ASSETS HELD FOR SALE(Dollars in millions)September 30, 2025Cash and cash equivalents$126 Restricted cash, current2,889 Accounts receivable