Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 5

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 5
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 Three months ended March 31, 2024Balance at December 31, 2023$889 $12,204 $15,732 $(150)$28,675 $4,979 $33,654 Net income812 812 69 881 Other comprehensive income46 46 115 161 Share-based compensation expense21 21 21 Dividends declared:Series C preferred stock ($12.19/share)(11)(11)(11)Common stock ($0.62/share)(392)(392)(392)Issuances of common stock24 24 24 Repurchases of common stock(40)(40)(40)Noncontrolling interest activities:Contributions474 474 Distributions(111)(111)Balance at March 31, 2024$889 $12,209 $16,141 $(104)$29,135 $5,526 $34,661 

See Notes to Condensed Consolidated Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF OPERATIONS(Dollars in millions) Three months ended March 31, 20252024 (unaudited)Operating revenues:  Electric$1,064 $1,060 Natural gas356 319 Total operating revenues1,420 1,379 Operating expenses:  Cost of electric fuel and purchased power73 107 Cost of natural gas87 102 Operation and maintenance440 411 Depreciation and amortization320 298 Franchise fees and other taxes110 104 Total operating expenses1,030 1,022 Operating income390 357 Other income, net40 33 Interest income— 1 Interest expense(135)(128)Income before income taxes295 263 Income tax expense(14)(40)Net income/Earnings attributable to common shares$281 $223 

See Notes to Condensed Financial Statements.

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SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Dollars in millions) PretaxamountIncome tax expenseNet-of-taxamount (unaudited) Three months ended March 31, 2025 and 20242025:   Net income/Comprehensive income$295 $(14)$281 2024:   Net income/Comprehensive income