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REVENUES
 9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
We discuss revenue recognition for revenues from contracts with customers and from sources other than contracts with customers in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report.
The following tables disaggregate our revenues from contracts with customers by major service line and market. We also provide a reconciliation to total revenues by segment for Sempra. The majority of our revenue is recognized over time.
DISAGGREGATED REVENUES
(Dollars in millions)
Sempra
Sempra CaliforniaSempra InfrastructureConsolidating adjustments and Parent
and other		Sempra
Three months ended September 30, 2025
By major service line:
Utilities$2,518 $15 $(5)$2,528 
Energy-related businesses— 241 (13)228 
Revenues from contracts with customers$2,518 $256 $(18)$2,756 
By market:
Gas$1,390 $156 $(3)$1,543 
Electric1,128 100 (15)1,213 
Revenues from contracts with customers$2,518 $256 $(18)$2,756 
Revenues from contracts with customers$2,518 $256 $(18)$2,756 
Utilities regulatory revenues95 — — 95 
Other revenues— 299 1 300 
Total revenues$2,613 $555 $(17)$3,151 
Three months ended September 30, 2024
By major service line:
Utilities$2,394 $15 $(7)$2,402 
Energy-related businesses— 179 (12)167 
Revenues from contracts with customers$2,394 $194 $(19)$2,569 
By market:
Gas$1,237 $83 $(6)$1,314 
Electric1,157 111 (13)1,255 
Revenues from contracts with customers$2,394 $194 $(19)$2,569 
Revenues from contracts with customers$2,394 $194 $(19)$2,569 
Utilities regulatory revenues(138)— — (138)
Other revenues— 344 1 345 
Total revenues$2,256 $538 $(18)$2,776 
DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
Sempra
Sempra CaliforniaSempra InfrastructureConsolidating adjustments and Parent
and other		Sempra
Nine months ended September 30, 2025
By major service line:
Utilities$8,430 $59 $(18)$8,471 
Energy-related businesses— 716 (50)666 
Revenues from contracts with customers$8,430 $775 $(68)$9,137 
By market:
Gas$5,378 $471 $(16)$5,833 
Electric3,052 304 (52)3,304 
Revenues from contracts with customers$8,430 $775 $(68)$9,137 
Revenues from contracts with customers$8,430 $775 $(68)$9,137 
Utilities regulatory revenues74 — — 74 
Other revenues— 736 6 742 
Total revenues$8,504 $1,511 $(62)$9,953 
 Nine months ended September 30, 2024
By major service line:
Utilities$8,129 $63 $(18)$8,174 
Energy-related businesses— 625 (49)576 
Revenues from contracts with customers$8,129 $688 $(67)$8,750 
By market:
Gas$4,961 $356 $(15)$5,302 
Electric3,168 332 (52)3,448 
Revenues from contracts with customers$8,129 $688 $(67)$8,750 
Revenues from contracts with customers$8,129 $688 $(67)$8,750 
Utilities regulatory revenues(107)— — (107)
Other revenues— 778 6 784 
Total revenues$8,022 $1,466 $(61)$9,427 
DISAGGREGATED REVENUES
(Dollars in millions)
SDG&ESoCalGas
Three months ended September 30,
2025202420252024
By major service line:
Revenues from contracts with customers – Utilities
$1,349 $1,327 $1,217 $1,110 
By market:
Gas$218 $167 $1,217 $1,110 
Electric1,131 1,160 — — 
Revenues from contracts with customers$1,349 $1,327 $1,217 $1,110 
Revenues from contracts with customers$1,349 $1,327 $1,217 $1,110 
Utilities regulatory revenues131 (84)(36)(56)
Total revenues$1,480 $1,243 $1,181 $1,054 
Nine months ended September 30,
2025202420252024
By major service line:
Revenues from contracts with customers – Utilities
$3,851 $3,836 $4,706 $4,416 
By market:
Gas$789 $658 $4,706 $4,416 
Electric3,062 3,178 — — 
Revenues from contracts with customers$3,851 $3,836 $4,706 $4,416 
Revenues from contracts with customers$3,851 $3,836 $4,706 $4,416 
Utilities regulatory revenues311 141 (237)(248)
Total revenues$4,162 $3,977 $4,469 $4,168 
REVENUES FROM CONTRACTS WITH CUSTOMERS
Remaining Performance Obligations
For contracts greater than one year, at September 30, 2025, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. Sempra’s remaining performance obligations primarily relate to capacity agreements for natural gas storage 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&E
2025 (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 $69 
(1)    Excludes intercompany transactions. Includes obligations within the disposal group that is held for sale.
Contract Liabilities from Revenues from Contracts with Customers
Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the nine months ended September 30, 2025 or 2024.
CONTRACT LIABILITIES
(Dollars in millions)
20252024
Sempra:
Contract liabilities at January 1$(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 Customers
The 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, 2024
Sempra:
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$1,565 $1,821 
SDG&E:
Accounts receivable – trade, net(1)
$849 $774 
Accounts receivable – other, net10 11 
Due from unconsolidated affiliates – current(2)
12 6 
Other long-term assets(3)
3 4 
Total$874 $795 
SoCalGas:
Accounts receivable – trade, net$560 $932 
Accounts receivable – other, net2 1 
Other long-term assets(3)
16 14 
Total$578 $947 
(1)     At September 30, 2025 and December 31, 2024, includes $218 and $144, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues.
(2)     Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.
(3)     In January 2024, the CPUC directed SDG&E and SoCalGas to offer long-term repayment plans to eligible residential customers with past-due balances.