Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 75

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 75
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 another operating segment within Sempra.

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SDG&ESDG&E is a regulated public utility that provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. SDG&E has one operating and reportable segment. Total assets at SDG&E were $31.9 billion and $30.8 billion at March 31, 2025 and December 31, 2024, respectively. The following table presents selected information for SDG&E’s single segment and reconciliation of earnings attributable to common shares.SEGMENT INFORMATION(Dollars in millions)Three months ended March 31,20252024SDG&E:Revenues from external customers:Electric$1,075 $1,132 Natural gas359 330 Total revenues from external customers(1)1,434 1,462 Regulatory revenues(2):Electric(11)(72)Natural gas(3)(11)Total regulatory revenues(14)(83)Total revenues1,420 1,379 Depreciation and amortization(320)(298)Interest income— 1 Interest expense(135)(128)Income tax expense(14)(40)Other segment items(3)(670)(691)Earnings attributable to common shares$281 $223 Capital expenditures for property, plant and equipment$539 $624 (1)    SDG&E did not have revenues from transactions with a single external customer that amounted to 10% or more of its total revenues.(2)    See “Revenues from Sources Other Than Contracts with Customers” in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report for a description of this revenue source, which may be additive or subtractive from period to period.(3)    Includes cost of electric fuel and purchased power, cost of natural gas, O&M, franchise fees and other taxes, and other income (expense), net.

SOCALGASSoCalGas is a regulated public natural gas distribution utility, serving customers throughout most of Southern California and part of central California. SoCalGas has one operating and reportable segment. 

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Total assets at SoCalGas were $26.0 billion and $25.4 billion at March 31, 2025 and December 31, 2024, respectively. The following table presents selected information for SoCalGas’ single segment and reconciliation of earnings attributable to common shares.SEGMENT INFORMATION(Dollars