Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 282

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 282
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,131 1,160 — — Revenues from contracts with customers$1,349 $1,327 $1,217 $1,110 Revenues from contracts with customers$1,349 $1,327 $1,217 $1,110 Utilities regulatory revenues131 (84)(36)(56)Total revenues$1,480 $1,243 $1,181 $1,054 Nine months ended September 30,2025202420252024By major service line:Revenues from contracts with customers – Utilities$3,851 $3,836 $4,706 $4,416 By market:Gas$789 $658 $4,706 $4,416 Electric3,062 3,178 — — Revenues from contracts with customers$3,851 $3,836 $4,706 $4,416 Revenues from contracts with customers$3,851 $3,836 $4,706 $4,416 Utilities regulatory revenues311 141 (237)(248)Total revenues$4,162 $3,977 $4,469 $4,168 

REVENUES FROM CONTRACTS WITH CUSTOMERSRemaining Performance ObligationsFor contracts greater than one year, at September 30, 2025, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. Sempra’s remaining performance obligations primarily relate to capacity agreements for natural gas storage and transportation at Sempra Infrastructure and transmission line projects at SDG&E. SoCalGas did not have any remaining performance obligations for contracts greater than one year at September 30, 2025.REMAINING PERFORMANCE OBLIGATIONS(Dollars in millions)Sempra(1)SDG&E2025 (excluding first nine months of 2025)$104 $1 2026292 4 2027291 4 2028245 4 2029217 4 Thereafter2,143 52 Total revenues to be recognized$3,292 $69 (1)    Excludes intercompany transactions. Includes obligations within the disposal group that is held for sale.

51

Contract Liabilities from Revenues from Contracts with CustomersActivities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the nine