Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 73

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 73
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pra California$1,094 $1,143 Sempra Infrastructure1,241 790 Segment totals2,335 1,933 Parent and other1 — Total Sempra$2,336 $1,933 EQUITY EARNINGSEquity earnings, before income tax:Sempra Texas Utilities$2 $2 Sempra Infrastructure139 132 Segment totals141 134 Equity earnings, net of income tax:Sempra Texas Utilities146 183 Sempra Infrastructure38 31 Segment totals184 214 Total Sempra$325 $348 (1)     Primarily includes an intersegment loan from Sempra Infrastructure to Parent and other related to deferred income taxes.

74

Table of Contents

SEGMENT INFORMATION (CONTINUED)(Dollars in millions)Sempra CaliforniaSempra Texas Utilities(1)Sempra InfrastructureSempraThree months ended March 31, 2025Revenues$3,401 $426 Depreciation and amortization(562)(76)Interest income2 19 Interest expense(2)(225)(77)Income tax expense(52)(22)Equity earnings— $148 177 Earnings attributable to noncontrolling interests— — (2)Other segment items(3)(1,840)(2)(299)Segment earnings attributable to common shares$724 $146 $146 $1,016 Parent and other(110)Earnings attributable to common shares$906 Three months ended March 31, 2024Revenues$3,141 $519 Depreciation and amortization(521)(72)Interest income3 5 Interest expense(205)— Income tax expense(83)(109)Equity earnings— $185 163 Earnings attributable to noncontrolling interests— — (69)Other segment items(3)(1,753)(2)(306)Segment earnings attributable to common shares$582 $183 $131 $896 Parent and other(95)Earnings attributable to common shares$801 (1)    Substantially all earnings attributable to common shares are from equity earnings.(2)    Sempra Infrastructure includes net unrealized gains (losses) from undesignated interest rate swaps related to the PA LNG Phase 1 project.(3)    Includes cost of natural gas, cost of electric fuel and purchased power, O&M