Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 118

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 118
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24 million (8%) primarily due to $24 million driven by higher natural gas purchases offset by lower LNG purchases related to asset and supply optimization.

104

Operation and Maintenance

OPERATION AND MAINTENANCE(Dollars in millions) Three months ended September 30,Nine months ended September 30, 2025202420252024Sempra:Sempra California$1,047 $1,080 $3,222 $3,190 Sempra Texas Utilities1 — 4 4 Sempra Infrastructure257 218 644 616 Segment totals1,305 1,298 3,870 3,810 Parent and other(1)44 28 61 61 Total$1,349 $1,326 $3,931 $3,871 

(1)    Includes eliminations of intercompany activity.

In the three months ended September 30, 2025 compared to the same period in 2024, Sempra’s O&M increased by $23 million (2%) primarily due to:

▪$39 million increase at Sempra Infrastructure due to:

◦$18 million from higher provisions for expected credit losses

◦$17 million primarily due to higher expenses in 2025 in advance of ECA LNG Phase 1 commencing commercial operations and higher maintenance expenses

◦$8 million higher development costs and certain non-capitalized expenses from projects under construction

▪$16 million increase at Parent and other primarily due to non-recoverable insurance claims in 2025

Offset by:

▪$33 million decrease at Sempra California primarily due to lower non-refundable operating costs

In the nine months ended September 30, 2025 compared to the same period in 2024, Sempra’s O&M increased by $60 million (2%) primarily due to:

▪$32 million increase at Sempra California due to:

◦$58 million higher expenses associated with refundable programs, which costs are recovered in revenue

Offset by:

◦$29 million lower non-refundable operating costs

▪ $28 million increase at Sempra Infrastructure due to:

◦$22 million primarily due to higher expenses in 2025 in advance of ECA LNG Phase 1 commencing commercial operations and higher maintenance expenses

◦$12 million higher development costs and certain non-capitalized expenses from projects under construction

▪Parent and other was consistent with the prior