Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 280

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 280
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 periods on a prospective basis. We intend to adopt the standard on January 1, 2026 and expect to elect the practical expedient on a prospective basis for eligible current accounts receivable and contract assets. We do not expect this ASU to have a material impact on our financial statements.

48

NOTE 3. REVENUES

We discuss revenue recognition for revenues from contracts with customers and from sources other than contracts with customers in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report.The following tables disaggregate our revenues from contracts with customers by major service line and market. We also provide a reconciliation to total revenues by segment for Sempra. The majority of our revenue is recognized over time. DISAGGREGATED REVENUES(Dollars in millions)SempraSempra CaliforniaSempra InfrastructureConsolidating adjustments and Parent and otherSempraThree months ended September 30, 2025By major service line:Utilities$2,518 $15 $(5)$2,528 Energy-related businesses— 241 (13)228 Revenues from contracts with customers$2,518 $256 $(18)$2,756 By market:Gas$1,390 $156 $(3)$1,543 Electric1,128 100 (15)1,213 Revenues from contracts with customers$2,518 $256 $(18)$2,756 Revenues from contracts with customers$2,518 $256 $(18)$2,756 Utilities regulatory revenues95 — — 95 Other revenues— 299 1 300 Total revenues$2,613 $555 $(17)$3,151 Three months ended September 30, 2024By major service line:Utilities$2,394 $15 $(7)$2,402 Energy-related businesses— 179 (12)167 Revenues from contracts with customers$2,394 $194 $(19)$2,569 By market:Gas$1,237 $83 $(6)$1,314 Electric1,157 111 (13)1,255 Revenues from contracts with customers$2,394 $194 $(19)$2,569 Revenues from contracts with customers$2,394 $194 $(19)$2,569 Utilities regulatory revenues(138)— — (138)Other revenues— 344 1