Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 44

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 44
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 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 months ended September 30, 2025 or 2024.CONTRACT LIABILITIES(Dollars in millions)20252024Sempra:Contract liabilities at January 1$(196)$(198)Revenue from performance obligations satisfied during reporting period(1)83 5 Payments received in advance(1)(1)(3)Reclassification to liabilities held for sale45 — Contract liabilities at September 30(2)$(69)$(196)SDG&E:Contract liabilities at January 1$(72)$(75)Revenue from performance obligations satisfied during reporting period3 3 Contract liabilities at September 30(2)$(69)$(72)(1)    Includes activities within the disposal group that is held for sale.(2)    Balance at September 30, 2025 includes $4 in Other Current Liabilities and $65 in Deferred Credits and Other.Receivables from Revenues from Contracts with CustomersThe table below shows receivable balances, net of allowances for credit losses, associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets.RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS(Dollars in millions)September 30, 2025December 31, 2024Sempra:Accounts receivable – trade, net(1)$1,409 $1,787 Accounts receivable – other, net12 12 Due from unconsolidated affiliates – current(2)— 4 Assets held for sale125 — Other long-term assets(3)19 18 Total