Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 8

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 8
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 common stock(41)(41)(41)Noncontrolling interest activities:Contributions1,121 1,121 Distributions(235)(235)Balance at September 30, 2024$889 $12,292 $16,707 $(185)$29,703 $6,177 $35,880 

See Notes to Condensed Consolidated Financial Statements.

16

SAN DIEGO GAS & ELECTRIC COMPANYCONDENSED STATEMENTS OF OPERATIONS(Dollars in millions) Three months ended September 30,Nine months ended September 30, 2025202420252024 (unaudited)Operating revenues:    Electric$1,264 $1,073 $3,362 $3,282 Natural gas216 170 800 695 Total operating revenues1,480 1,243 4,162 3,977 Operating expenses:    Cost of electric fuel and purchased power135 (5)314 277 Cost of natural gas44 38 175 177 Operation and maintenance451 420 1,294 1,254 Depreciation and amortization334 308 977 910 Franchise fees and other taxes116 106 324 301 Total operating expenses1,080 867 3,084 2,919 Operating income400 376 1,078 1,058 Other income, net32 30 103 86 Interest income— 1 2 5 Interest expense(141)(131)(415)(390)Income before income taxes291 276 768 759 Income tax benefit (expense)33 (15)12 (89)Net income/Earnings attributable to common shares$324 $261 $780 $670 

See Notes to Condensed Financial Statements.

17

SAN DIEGO GAS & ELECTRIC 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 income/Comprehensive income $291 $33 $324 2024:   Net income/Comprehensive income$276 $(15)$261  Nine months ended September 30, 2025 and 20242025:   Net income/