CONDENSED BALANCE SHEETS - SoCalGas - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 5	$ 1,565	[1]
Accounts receivable – trade, net	1,409	1,983	[1]
Accounts receivable – other, net	200	397	[1]
Due from unconsolidated affiliates	0	13	[1]
Inventories	565	559	[1]
Regulatory assets	500	60	[1]
Greenhouse gas allowances	200	217	[1]
Other current assets	19	34	[1]
Total current assets	31,726	5,285	[1]
Other assets:
Regulatory assets	4,298	3,937	[1]
Greenhouse gas allowances	1,237	845	[1]
Right-of-use assets – operating leases	1,219	1,177	[1]
Other long-term assets	1,155	1,749	[1]
Total other assets	26,842	29,433	[1]
Property, plant and equipment:
Property, plant and equipment	65,951	80,397	[1]
Less accumulated depreciation and amortization	(17,600)	(18,960)	[1]
Property, plant and equipment, net	48,351	61,437	[1]
Total assets	106,919	96,155	[1]
Current liabilities:
Short-term debt	1,833	2,016	[1]
Accounts payable – trade	1,301	2,238	[1]
Accounts payable – other	219	208	[1]
Accrued compensation and benefits	486	558	[1]
Regulatory liabilities	4	141	[1]
Current portion of long-term debt and finance leases	1,875	2,274	[1]
Greenhouse gas obligations	200	217	[1]
Total current liabilities	19,988	9,676	[1]
Long-term debt and finance leases	28,985	31,558	[1]
Deferred credits and other liabilities:
Regulatory liabilities	4,027	3,817	[1]
Greenhouse gas obligations	947	506	[1]
Pension obligation, net of plan assets	127	168	[1]
Deferred income taxes	6,105	5,845	[1]
Asset retirement obligations	3,781	3,737	[1]
Deferred credits and other	2,740	2,708	[1]
Total deferred credits and other liabilities	17,727	17,133	[1]
Commitments and contingencies			[1]
Equity:
Common stock	14,203	13,520	[1]
Retained earnings	17,161	16,979	[1]
Accumulated other comprehensive income (loss)	(212)	(166)	[1]
Total shareholders’ equity	31,152	31,222	[1]
Total liabilities, contingently redeemable noncontrolling interest, and equity	106,919	96,155	[1]
Related Party
Current assets:
Due from unconsolidated affiliates	0	13
Current liabilities:
Other current liabilities	17	0	[1]
Nonrelated Party
Current liabilities:
Other current liabilities	1,068	1,251	[1]
SoCalGas
Current assets:
Cash and cash equivalents	0	12	[2]
Accounts receivable – trade, net	560	932	[2]
Accounts receivable – other, net	73	71	[2]
Due from unconsolidated affiliates	2	16	[2]
Inventories	302	287	[2]
Regulatory assets	287	42	[2]
Greenhouse gas allowances	174	176	[2]
Other current assets	115	71	[2]
Total current assets	1,513	1,607	[2]
Other assets:
Regulatory assets	1,855	1,844	[2]
Greenhouse gas allowances	954	526	[2]
Right-of-use assets – operating leases	9	18	[2]
Other long-term assets	608	609	[2]
Total other assets	3,426	2,997	[2]
Property, plant and equipment:
Property, plant and equipment	30,525	29,084	[2]
Less accumulated depreciation and amortization	(8,811)	(8,330)	[2]
Property, plant and equipment, net	21,714	20,754	[2]
Total assets	26,653	25,358	[2]
Current liabilities:
Short-term debt	411	1,037	[2]
Accounts payable – trade	488	752	[2]
Accounts payable – other	174	158	[2]
Accrued compensation and benefits	221	245	[2]
Contributions in aid of construction	172	117	[2]
Regulatory liabilities	1	64	[2]
Current portion of long-term debt and finance leases	530	373	[2]
Greenhouse gas obligations	174	176	[2]
Asset retirement obligations	82	91	[2]
Total current liabilities	2,751	3,385	[2]
Long-term debt and finance leases	7,622	7,031	[2]
Deferred credits and other liabilities:
Regulatory liabilities	1,136	1,115	[2]
Greenhouse gas obligations	828	410	[2]
Pension obligation, net of plan assets	17	45	[2]
Deferred income taxes	2,193	2,005	[2]
Asset retirement obligations	2,986	2,839	[2]
Deferred credits and other	377	367	[2]
Total deferred credits and other liabilities	7,537	6,781	[2]
Commitments and contingencies			[2]
Equity:
Preferred stock	22	22	[2]
Common stock	2,316	2,316	[2]
Retained earnings	6,423	5,850	[2]
Accumulated other comprehensive income (loss)	(18)	(27)	[2]
Total shareholders’ equity	8,743	8,161	[2]
Total liabilities, contingently redeemable noncontrolling interest, and equity	26,653	25,358	[2]
SoCalGas | Related Party
Current assets:
Due from unconsolidated affiliates	2	16
Current liabilities:
Other current liabilities	62	38	[2]
SoCalGas | Nonrelated Party
Current liabilities:
Other current liabilities	$ 436	$ 334	[2]

[1] Derived from audited financial statements.

[2] Derived from audited financial statements.