SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment

The following tables present selected information by segment and reconciliations of assets, capital expenditures for PP&E, and earnings attributable to common shares to Sempra’s consolidated totals.


SEGMENT INFORMATION
(Dollars in millions)
			December 31,
			2024		2023
ASSETS
Sempra California			$	56,116	$	53,430
Sempra Texas Utilities			15,534		14,392
Sempra Infrastructure			22,954		19,430
Segment totals			94,604		87,252
Parent and other			2,622		967
Intersegment eliminations(1)			(1,071)		(1,038)
Total Sempra			$	96,155	$	87,181
EQUITY METHOD INVESTMENTS
Sempra Texas Utilities			$	15,522	$	14,380
Sempra Infrastructure			2,411		2,129
Segment totals/Total Sempra			$	17,933	$	16,509
GEOGRAPHIC LOCATION OF PROPERTY, PLANT AND EQUIPMENT, NET
United States			$	52,952	$	46,935
Mexico			8,485		8,024
Rest of the world			—		1
Total Sempra			$	61,437	$	54,960

	Years ended December 31,
	2024		2023		2022
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT
Sempra California	$	4,753	$	4,560	$	4,466
Sempra Infrastructure	3,459		3,832		884
Segment totals	8,212		8,392		5,350
Parent and other	3		5		7
Total Sempra	$	8,215	$	8,397	$	5,357
GEOGRAPHIC LOCATION OF REVENUES(2)
United States	$	11,623	$	14,973	$	13,015
Mexico	1,562		1,747		1,424
Total Sempra	$	13,185	$	16,720	$	14,439

(1) Primarily includes an intersegment loan from Sempra Infrastructure to Parent and other related to deferred income taxes.

(2) Amounts are based on where the revenue originated, after intersegment eliminations.


SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
	Sempra California		Sempra Texas Utilities(1)		Sempra Infrastructure		Sempra
	Year ended December 31, 2024
Revenues	$	11,382			$	1,882
Depreciation and amortization	(2,133)				(297)
Interest income	14				25
Interest expense(2)	(848)				243
Income tax (expense) benefit	(184)				164
Equity earnings	—		$	788	802
Earnings attributable to noncontrolling interests	—		—		(638)
Other segment items(3)	(6,385)		(7)		(1,270)
Segment earnings attributable to common shares	$	1,846	$	781	$	911	$	3,538
Parent and other							(721)
Earnings attributable to common shares							$	2,817

	Year ended December 31, 2023
Revenues	$	13,761			$	3,071
Depreciation and amortization	(1,937)				(281)
Interest income	24				43
Interest expense(2)	(782)				(129)
Income tax benefit (expense)	31				(673)
Equity earnings	—		$	701	740
Earnings attributable to noncontrolling interests	—		—		(543)
Other segment items(3)	(9,350)		(7)		(1,351)
Segment earnings attributable to common shares	$	1,747	$	694	$	877	$	3,318
Parent and other							(288)
Earnings attributable to common shares							$	3,030

	Year ended December 31, 2022
Revenues	$	12,577			$	1,919
Depreciation and amortization	(1,743)				(268)
Interest income	11				44
Interest expense	(647)				(104)
Income tax expense	(320)				(249)
Equity earnings	—		$	742	756
Earnings attributable to noncontrolling interests	—		—		(146)
Other segment items(3)	(8,364)		(6)		(1,642)
Segment earnings attributable to common shares	$	1,514	$	736	$	310	$	2,560
Parent and other							(466)
Earnings attributable to common shares							$	2,094

(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, Aliso Canyon litigation and regulatory matters, franchise fees and other taxes, other income (expense), net, and preferred dividends for Sempra California; O&M, interest expense, and income tax expense (benefit) for Sempra Texas Utilities related to activities at the holding company; and cost of natural gas, energy-related businesses cost of sales, O&M, franchise fees and other taxes, and other income (expense), net, for Sempra Infrastructure.

The following table presents revenues by services by segment, reconciled to Sempra’s consolidated revenues.


REVENUES BY SERVICES
(Dollars in millions)
	Sempra California		Sempra Infrastructure		Sempra
	Year ended December 31, 2024
Revenues from external customers:
Utilities	$	10,985	$	78
Energy-related businesses	—		755
Total revenues from external customers(1)	10,985		833		$	11,818
Other revenues(2):
Utilities	374		—
Energy-related businesses	—		993
Total other revenues	374		993		1,367
Intersegment revenues(3):
Utilities	23		—
Energy-related businesses	—		56
Total intersegment revenues	23		56		79
Segment revenues	$	11,382	$	1,882	13,264
Intersegment eliminations					(79)
Revenues					$	13,185

	Year ended December 31, 2023
Revenues from external customers:
Utilities	$	13,668	$	87
Energy-related businesses	—		1,094
Total revenues from external customers(1)	13,668		1,181		$	14,849
Other revenues(2):
Utilities	75		—
Energy-related businesses	—		1,796
Total other revenues	75		1,796		1,871
Intersegment revenues(3):
Utilities	18		—
Energy-related businesses	—		94
Total intersegment revenues	18		94		112
Segment revenues	$	13,761	$	3,071	16,832
Intersegment eliminations					(112)
Revenues					$	16,720

	Year ended December 31, 2022
Revenues from external customers:
Utilities	$	11,930	$	89
Energy-related businesses	—		1,704
Total revenues from external customers(1)	11,930		1,793		$	13,723
Other revenues(2):
Utilities	633		—
Energy-related businesses	—		83
Total other revenues	633		83		716
Intersegment revenues(3):
Utilities	14		—
Energy-related businesses	—		43
Total intersegment revenues	14		43		57
Segment revenues	$	12,577	$	1,919	14,496
Intersegment eliminations					(57)
Revenues					$	14,439

(1) We did not have revenues from transactions with a single external customer that amounted to 10% or more of Sempra’s total revenues.

(2) See “Revenues from Sources Other Than Contracts with Customers” in Note 3 for a description of this revenue source, which may be additive or subtractive from period to period.

(3) See “Transactions with Affiliates” in Note 1 for a description of services provided by one operating segment to another operating segment within Sempra.

The following table presents selected information for SDG&E’s single segment and reconciliation of earnings attributable to common shares.


SEGMENT INFORMATION
(Dollars in millions)
	Years ended December 31,
	2024		2023		2022
SDG&E:
Revenues from external customers:
Electric	$	4,164	$	4,750	$	4,687
Natural gas	878		1,204		899
Total revenues from external customers(1)	5,042		5,954		5,586
Other revenues(2):
Electric	149		(401)		109
Natural gas	150		44		143
Total other revenues	299		(357)		252
Total revenues	5,341		5,597		5,838
Depreciation and amortization	(1,223)		(1,098)		(982)
Interest income	5		15		5
Interest expense	(525)		(497)		(449)
Income tax (expense) benefit	(153)		26		(182)
Other segment items(3)	(2,554)		(3,107)		(3,315)
Earnings attributable to common shares	$	891	$	936	$	915

Capital expenditures for property, plant and equipment	$	2,522	$	2,540	$	2,473

(1) We did not have revenues from transactions with a single external customer that amounted to 10% or more of SDG&E’s total revenues.

(2) See “Revenues from Sources Other Than Contracts with Customers” in Note 3 for a description of this revenue source, which may be additive or subtractive from period to period.

(3) Includes cost of electric fuel and purchased power, cost of natural gas, O&M, franchise fees and other taxes, and other income (expense), net.

The following table presents selected information for SoCalGas’ single segment and reconciliation of earnings attributable to common shares.


SEGMENT INFORMATION
(Dollars in millions)
	Years ended December 31,
	2024		2023		2022
SoCalGas:
Natural gas:
Revenues from external customers(1)	$	6,134	$	7,857	$	6,459
Other revenues(2)	75		432		381
Total revenues	6,209		8,289		6,840
Aliso Canyon litigation and regulatory matters	—		—		(259)
Depreciation and amortization	(910)		(839)		(761)
Interest income	9		9		6
Interest expense	(323)		(285)		(198)
Income tax (expense) benefit	(31)		5		(138)
Other segment items(3)	(3,999)		(6,368)		(4,891)
Earnings attributable to common shares	$	955	$	811	$	599

Capital expenditures for property, plant and equipment	$	2,231	$	2,020	$	1,993

(1) We did not have revenues from transactions with a single external customer that amounted to 10% or more of SoCalGas’ total revenues.

(2) See “Revenues from Sources Other Than Contracts with Customers” in Note 3 for a description of this revenue source, which may be additive or subtractive from period to period.

(3) Includes cost of natural gas, O&M, franchise fees and other taxes, and other income (expense), net, and preferred dividends.