Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 106

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 106
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 selected information for SoCalGas’ single segment and reconciliation of earnings attributable to common shares.SEGMENT INFORMATION(Dollars in millions)Three months ended September 30,Nine months ended September 30,2025202420252024SoCalGas:Natural gas:Revenues from external customers(1)$1,217 $1,110 $4,706 $4,416 Regulatory revenues(2)(36)(56)(237)(248)Total revenues1,181 1,054 4,469 4,168 Depreciation and amortization(257)(228)(750)(675)Interest income2 3 5 7 Interest expense(93)(82)(272)(237)Income tax benefit (expense)95 52 51 (1)Other segment items(3)(882)(813)(2,930)(2,787)Earnings (losses) attributable to common shares$46 $(14)$573 $475 Capital expenditures for property, plant and equipment$1,523 $1,491 (1)    SoCalGas 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 natural gas, O&M, franchise fees and other taxes, other income (expense), net, and preferred dividends.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

PageOverview96Results of Operations by Registrant97Sempra97SDG&E110SoCalGas113Capital Resources and Liquidity117Critical Accounting Estimates134New Accounting Standards134

OVERVIEW

This combined MD&A includes the operational and financial results of the following three Registrants: 

▪Sempra is a California-based holding company with energy infrastructure investments in North America. Our businesses invest in, develop and operate energy infrastructure, and provide electric and gas services to customers.

▪SDG&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.

▪SoCalGas is a regulated public natural gas distribution utility, serving customers throughout most of Southern California and part of central California.