Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 0

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

SEMPRACONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Dollars in millions, except per share amounts; shares in thousands) Three months ended June 30,Six months ended June 30, 2025202420252024 (unaudited)REVENUES Utilities:Natural gas$1,470 $1,494 $3,832 $3,603 Electric1,031 1,144 2,090 2,200 Energy-related businesses499 373 880 848 Total revenues3,000 3,011 6,802 6,651 EXPENSES AND OTHER INCOME Utilities: Cost of natural gas(183)(137)(676)(691)Cost of electric fuel and purchased power(91)(156)(143)(245)Energy-related businesses cost of sales(85)(54)(204)(163)Operation and maintenance(1,239)(1,333)(2,582)(2,545)Depreciation and amortization(653)(603)(1,293)(1,197)Franchise fees and other taxes(165)(156)(361)(340)Other income, net59 30 150 129 Interest income14 17 48 30 Interest expense(359)(311)(792)(616)Income before income taxes and equity earnings298 308 949 1,013 Income tax (expense) benefit(172)130 (229)(42)Equity earnings393 433 718 781 Net income519 871 1,438 1,752 Earnings attributable to noncontrolling interests(46)(146)(48)(215)Preferred dividends(11)(11)(22)(22)Preferred dividends of subsidiary(1)(1)(1)(1)Earnings attributable to common shares$461 $713 $1,367 $1,514 Basic EPS:Earnings$0.71 $1.13 $2.10 $2.39 Weighted-average common shares outstanding652,664 633,450 652,330 633,135 Diluted EPS:Earnings$0.71 $1.12 $2.09 $2.38 Weighted-average common shares outstanding653,224 636,279 653,123 635,817 

See Notes to Condensed Consolidated Financial Statements.

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