Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 230

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 8
Chunk 230
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 $37 $81 $81 Cost of sales(1)— — (1)(3)(1)     Includes net commodity costs from natural gas transactions with unconsolidated affiliates.GuaranteesSempra provides guarantees to certain unconsolidated affiliates, which we discuss in Note 12.

INVENTORIESThe components of inventories are as follows:INVENTORY BALANCES (Dollars in millions) SempraSDG&ESoCalGas June 30,2025December 31,2024June 30,2025December 31,2024June 30,2025December 31,2024Natural gas$141 $163 $1 $1 $125 $148 LNG12 27 — — — — Materials and supplies472 369 252 201 143 139 Total$625 $559 $253 $202 $268 $287 

DEDICATED ASSETS IN SUPPORT OF CERTAIN BENEFITS PLANSIn support of its Supplemental Executive Retirement, Cash Balance Restoration and Deferred Compensation Plans, Sempra maintains dedicated assets, including a Rabbi Trust and investments in life insurance contracts, which totaled $591 million and $585 million at June 30, 2025 and December 31, 2024, respectively.

NOTE RECEIVABLEIn November 2021, Sempra loaned $300 million to KKR Pinnacle in exchange for an interest-bearing promissory note that is due in full no later than October 2029 and bears compound interest at 5% per annum, which may be paid quarterly or added to the outstanding principal at the election of KKR Pinnacle. At June 30, 2025 and December 31, 2024, Other Long-Term Assets includes $358 million and $349 million, respectively, of outstanding principal, compounded interest and unamortized transaction costs, net of allowance for credit losses, on Sempra’s Condensed Consolidated Balance Sheets. 

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Table of Contents

PROPERTY, PLANT AND EQUIPMENTSempra Infrastructure’s Sonora natural gas pipeline consists of two pipeline segments, the Sasabe-Puerto Libertad-Guaymas segment and the Guaymas-El Oro segment. Each segment has its own service agreement with the CFE. Following the start of commercial operations of the Guaymas-El Oro segment, Sempra Infrastructure reported damage to the