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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Schedule of Condensed Statements of Operations
SEMPRA
CONDENSED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts; shares in thousands)
 Years ended December 31,
 202520242023
Interest income$48 $29 $31 
Interest expense(569)(490)(444)
Operating expenses(129)(105)(101)
Other income, net45 25 31 
Income tax benefit196 165 134 
Loss before equity in earnings of subsidiaries(409)(376)(349)
Equity in earnings of subsidiaries, net of income taxes2,245 3,237 3,423 
Net income1,836 2,861 3,074 
Preferred deemed dividends(11)— — 
Preferred dividends(29)(44)(44)
Earnings$1,796 $2,817 $3,030 
Basic EPS:
Earnings$2.75 $4.44 $4.81 
Weighted-average common shares outstanding652,697 633,795 630,296 
Diluted EPS:
Earnings$2.75 $4.42 $4.79 
Weighted-average common shares outstanding653,826 637,943 632,733 
See Notes to Condensed Financial Information of Parent.
Schedule Of Condensed Statements Of Comprehensive Income
SEMPRA
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
 Years ended December 31, 2025, 2024 and 2023
 Pretax
amount
Income tax
benefit (expense)
Net-of-tax
amount
2025:
   
Net income$1,640 $196 $1,836 
Other comprehensive income (loss):   
Foreign currency translation adjustments21 — 21 
Financial instruments(76)7 (69)
Pension and other postretirement benefits19 (2)17 
Total other comprehensive loss(36)5 (31)
Comprehensive income$1,604 $201 $1,805 
2024:
   
Net income$2,696 $165 $2,861 
Other comprehensive income (loss):   
Foreign currency translation adjustments(30)— (30)
Financial instruments14 (2)12 
Pension and other postretirement benefits18 (16)2 
Total other comprehensive income (loss)2 (18)(16)
Comprehensive income$2,698 $147 $2,845 
2023:
   
Net income$2,940 $134 $3,074 
Other comprehensive income (loss):   
Foreign currency translation adjustments23 — 23 
Financial instruments57 (18)39 
Pension and other postretirement benefits(39)8 (31)
Total other comprehensive income41 (10)31 
Comprehensive income$2,981 $124 $3,105 
See Notes to Condensed Financial Information of Parent.
Schedule Of Condensed Balance Sheets
SEMPRA
CONDENSED BALANCE SHEETS
(Dollars in millions)
December 31,
 20252024
Assets:
Cash and cash equivalents$2 $1,416 
Restricted cash2 2 
Due from affiliates173 88 
Income taxes receivable, net— 71 
Other current assets23 10 
Total current assets200 1,587 
Investments in subsidiaries45,575 42,305 
Due from affiliates1,578 25 
Deferred income taxes135 209 
Other long-term assets1,199 1,152 
Total assets$48,687 $45,278 
Liabilities and shareholders’ equity:
Short-term debt$2,732 $— 
Due to affiliates199 241 
Other current liabilities1,260 1,410 
Total current liabilities4,191 1,651 
Long-term debt11,279 11,028 
Due to affiliates138 739 
Deferred income taxes825 — 
Other long-term liabilities660 638 
Commitments and contingencies (Note 4)
Shareholders’ equity31,594 31,222 
Total liabilities and shareholders’ equity$48,687 $45,278 
See Notes to Condensed Financial Information of Parent.
Schedule of Condensed Statements of Cash Flows
SEMPRA
CONDENSED STATEMENTS OF CASH FLOWS
(Dollars in millions)
 Years ended December 31,
 202520242023
Net cash provided by operating activities$1,007 $120 $1,576 
Expenditures for property, plant and equipment(6)(3)(5)
Proceeds from sale of assets— — 2 
Capital contributions to investees(831)(933)(1,749)
Distributions from investments351 9 108 
Purchases of trust assets(105)(63)(78)
Proceeds from sales of trust assets124 68 69 
Increase in loans to affiliates, net(1,553)(117)(90)
Other(9)(1)(1)
Net cash used in investing activities(2,029)(1,040)(1,744)
Common dividends paid(1,603)(1,499)(1,483)
Preferred dividends paid(40)(44)(44)
Redemption of preferred stock(900)— — 
Issuances of common stock, net32 1,219 145 
Repurchases of common stock(58)(43)(32)
Issuances of debt (maturities greater than 90 days)2,550 3,695 1,918 
Payments on debt (maturities greater than 90 days)(750)(350)(672)
Increase (decrease) in short-term debt, net982 (365)(89)
(Decrease) increase in loans from affiliates, net(595)(241)220 
Other(10)(38)(10)
Net cash (used in) provided by financing activities(392)2,334 (47)
Effect of exchange rate changes on cash, cash equivalents and restricted cash— (1)— 
(Decrease) increase in cash, cash equivalents and restricted cash(1,414)1,413 (215)
Cash, cash equivalents and restricted cash, January 11,418 5 220 
Cash, cash equivalents and restricted cash, December 31$4 $1,418 $5 
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued interest receivable capitalized to note receivable$18 $17 $16 
Change in equity related to allocation of interests, net of tax1,089 — — 
Preferred deemed dividends11 — — 
Preferred dividends declared but not paid— 11 11 
Common dividends declared but not paid421 393 376 
Common dividends issued in stock52 54 — 
Equitization of amounts due from affiliates56 110 92 
See Notes to Condensed Financial Information of Parent.
Schedule of Long-term Debt
The following tables show the detail and maturities of long-term debt outstanding.
LONG-TERM DEBT AND FINANCE LEASES
(Dollars in millions)
 December 31,
 20252024
SDG&E:
First mortgage bonds (collateralized by plant assets):
2.50% May 15, 2026
$500 $500 
6.00% June 1, 2026
250 250 
4.95% August 15, 2028
600 600 
1.70% October 1, 2030
800 800 
3.00% March 15, 2032
500 500 
5.40% April 15, 2035
850 — 
5.35% May 15, 2035
250 250 
6.125% September 15, 2037
250 250 
6.00% June 1, 2039
300 300 
5.35% May 15, 2040
250 250 
4.50% August 15, 2040
500 500 
3.95% November 15, 2041
250 250 
4.30% April 1, 2042
250 250 
3.75% June 1, 2047
400 400 
4.15% May 15, 2048
400 400 
4.10% June 15, 2049
400 400 
3.32% April 15, 2050
400 400 
2.95% August 15, 2051
750 750 
3.70% March 15, 2052
500 500 
5.35% April 1, 2053
800 800 
5.55% April 15, 2054
600 600 
 9,800 8,950 
Finance lease obligations:
Power purchase agreements1,109 1,138 
Other67 67 
1,176 1,205 
10,976 10,155 
Current portion of long-term debt and finance leases(798)(42)
Unamortized discount on long-term debt(33)(33)
Unamortized debt issuance costs(64)(62)
Total SDG&E$10,081 $10,018 
LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
 December 31,
 20252024
SoCalGas:
First mortgage bonds (collateralized by plant assets):
3.20% June 15, 2025
$— $350 
2.60% June 15, 2026
500 500 
2.55% February 1, 2030
650 650 
5.20% June 1, 2033
500 500 
5.05% September 1, 2034
600 600 
5.45% June 15, 2035
600 — 
5.75% November 15, 2035
250 250 
5.125% November 15, 2040
300 300 
3.75% September 15, 2042
350 350 
4.45% March 15, 2044
250 250 
4.125% June 1, 2048
400 400 
4.30% January 15, 2049
550 550 
3.95% February 15, 2050
350 350 
6.35% November 15, 2052
600 600 
5.75% June 1, 2053
500 500 
5.60% April 1, 2054
500 500 
6.00% June 15, 2055
500 — 
7,400 6,650 
Other long-term debt (uncollateralized):
1.875% Notes May 14, 2026(1)
4 4 
2.95% Notes April 15, 2027
700 700 
5.67% Notes January 18, 2028(2)
5 5 
Finance lease obligations117 110 
826 819 
8,226 7,469 
Current portion of long-term debt and finance leases(529)(373)
Unamortized discount on long-term debt(25)(18)
Unamortized debt issuance costs(53)(47)
Total SoCalGas$7,619 $7,031 
(1)    Callable long-term debt not subject to make-whole provisions.
(2)    Debt is not callable.
LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
 December 31,
 20252024
Other Sempra:
Sempra - Other long-term debt (uncollateralized):
3.30% Notes April 1, 2025
$— $750 
5.40% Notes August 1, 2026
550 550 
3.25% Notes June 15, 2027
750 750 
3.40% Notes February 1, 2028
1,000 1,000 
3.70% Notes April 1, 2029
500 500 
5.50% Notes August 1, 2033
700 700 
3.80% Notes February 1, 2038
1,000 1,000 
6.00% Notes October 15, 2039
750 750 
4.00% Notes February 1, 2048
800 800 
4.125% (next rate reset on April 1, 2027) Junior Subordinated Notes April 1, 2052(1)
1,000 1,000 
6.40% (next rate reset on October 1, 2034) Junior Subordinated Notes October 1, 2054(1)
1,250 1,250 
6.875% (next rate reset on October 1, 2029) Junior Subordinated Notes October 1, 2054(1)
600 600 
6.875% (next rate reset on October 1, 2029) Junior Subordinated Notes October 1, 2054(1)
500 500 
6.55% (next rate reset on April 1, 2035) Junior Subordinated Notes April 1, 2055(1)
600 600 
6.625% (next rate reset on April 1, 2030) Junior Subordinated Notes April 1, 2055(1)
400 400 
6.375% (next rate reset on April 1, 2031) Junior Subordinate Notes April 1, 2056(1)
800 — 
5.75% Junior Subordinated Notes July 1, 2079(1)
758 758 
 11,958 11,908 
Sempra Infrastructure - Other long-term debt (uncollateralized unless otherwise noted)(2):
Loan at variable rates (weighted-average rate of 7.29% at December 31, 2024)
December 9, 2025
— 1,063 
3.75% Notes January 14, 2028
— 300 
Loan at variable rates (5.329% after floating-to-fixed rate swaps effective 2023)
March 20, 2030, collateralized by plant assets(1)
— 1,090 
3.25% Notes January 15, 2032
— 400 
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019)
payable June 15, 2022 through November 19, 2034(1)
— 90 
Loan at variable rates (4.03% after floating-to-fixed rate swap effective 2019)
payable June 15, 2022 through November 19, 2034(1)
— 90 
Loan at variable rates (2.38% after floating-to-fixed rate swap effective 2020)
payable June 15, 2022 through November 19, 2034(1)
— 90 
2.90% Loan payable June 15, 2022 through November 19, 2034(1)
— 219 
4.875% Notes January 14, 2048
— 540 
4.75% Notes January 15, 2051
— 800 
— 4,682 
11,958 16,590 
Current portion of long-term debt(549)(1,859)
Unamortized discount on long-term debt(26)(78)
Unamortized debt issuance costs(104)(144)
Total Other Sempra11,279 14,509 
Total Sempra$28,979 $31,558 
(1)    Callable long-term debt not subject to make-whole provisions.
(2)    At December 31, 2025, $7,744 of long-term debt, net of $49 of current portion of long-term debt, $89 of unamortized discount on long-term debt, and $43 of unamortized debt issuance costs is included in Liabilities Held for Sale on the Sempra Consolidated Balance Sheet.
The following table shows the detail and maturities of uncollateralized long-term debt outstanding.
LONG-TERM DEBT
(Dollars in millions)
December 31,
 20252024
3.30% Notes April 1, 2025
$— $750 
5.40% Notes August 1, 2026
550 550 
3.25% Notes June 15, 2027
750 750 
3.40% Notes February 1, 2028
1,000 1,000 
3.70% Notes April 1, 2029
500 500 
5.50% Notes August 1, 2033
700 700 
3.80% Notes February 1, 2038
1,000 1,000 
6.00% Notes October 15, 2039
750 750 
4.00% Notes February 1, 2048
800 800 
4.125% (next rate reset on April 1, 2027) Junior Subordinated Notes April 1, 2052(1)
1,000 1,000 
6.40% (next rate reset on October 1, 2034) Junior Subordinated Notes October 1, 2054(1)
1,250 1,250 
6.875% (next rate reset on October 1, 2029) Junior Subordinated Notes October 1, 2054(1)
600 600 
6.875% (next rate reset on October 1, 2029) Junior Subordinated Notes October 1, 2054(1)
500 500 
6.55% (next rate reset on April 1, 2035) Junior Subordinated Notes April 1, 2055(1)
600 600 
6.625% (next rate reset on April 1, 2030) Junior Subordinated Notes April 1, 2055(1)
400 400 
6.375% (next rate reset on April 1, 2031) Junior Subordinated Notes April 1, 2056(1)
800 — 
5.75% Junior Subordinated Notes July 1, 2079(1)
758 758 
 11,958 11,908 
Current portion of long-term debt(549)(750)
Unamortized discount on long-term debt(26)(30)
Unamortized debt issuance costs(104)(100)
Total long-term debt$11,279 $11,028 
(1)    Callable long-term debt not subject to make-whole provisions.