SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

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,
			2025		2024
ASSETS
Sempra California			$	60,364	$	56,116
Sempra Texas Utilities			17,733		15,534
Sempra Infrastructure			32,796		22,954
Segment totals			110,893		94,604
Parent and other			1,084		2,622
Intersegment eliminations(1)			(1,099)		(1,071)
Total Sempra			$	110,878	$	96,155
EQUITY METHOD INVESTMENTS
Sempra Texas Utilities			$	17,601	$	15,522
Sempra Infrastructure(2)			17		2,411
Segment totals/Total Sempra			$	17,618	$	17,933
GEOGRAPHIC LOCATION OF PROPERTY, PLANT AND EQUIPMENT, NET(3)
United States			$	48,622	$	52,952
Mexico			389		8,485

Total Sempra			$	49,011	$	61,437

	Years ended December 31,
	2025		2024		2023
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT
Sempra California	$	4,543	$	4,753	$	4,560
Sempra Infrastructure	6,063		3,459		3,832
Segment totals	10,606		8,212		8,392
Parent and other	6		3		5
Total Sempra	$	10,612	$	8,215	$	8,397
GEOGRAPHIC LOCATION OF REVENUES(4)
United States	$	12,136	$	11,623	$	14,973
Mexico	1,566		1,562		1,747
Total Sempra	$	13,702	$	13,185	$	16,720

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

(2) At December 31, 2025, $2,566 is included in Assets Held for Sale on the Sempra Consolidated Balance Sheet. The remaining $17 represents our investment balance in Cameron LNG JV related to our guarantee under the SDSRA, which we discuss in Note 16.

(3) At December 31, 2025, excludes total PP&E of $21,356, which is included in Assets Held for Sale on the Sempra Consolidated Balance Sheet and is comprised of $12,724 in the United States and $8,632 in Mexico.

(4) 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, 2025
Revenues	$	11,818			$	1,965
Operation and maintenance	(4,315)				(865)

Depreciation and amortization	(2,332)				(226)
Interest income	8				66
Interest expense(2)	(926)				(28)
Income tax benefit (expense)	166				(1,200)
Equity earnings			$	869	735
Earnings attributable to noncontrolling interests					(238)
Losses attributable to contingently redeemable noncontrolling interest					3
Other segment items(3)	(2,991)		(8)		(372)
Segment earnings (losses) attributable to common shares	$	1,428	$	861	$	(160)	$	2,129
Parent and other							(333)
Earnings attributable to common shares							$	1,796

	Year ended December 31, 2024
Revenues	$	11,382			$	1,882
Operation and maintenance	(4,398)				(858)
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)	(1,987)		(7)		(412)
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
Operation and maintenance	(4,591)				(793)
Depreciation and amortization	(1,937)				(281)
Interest income	24				43
Interest expense	(782)				(129)
Income tax benefit (expense)	31				(673)
Equity earnings			$	701	740
Earnings attributable to noncontrolling interests					(543)
Other segment items(3)	(4,759)		(7)		(558)
Segment earnings attributable to common shares	$	1,747	$	694	$	877	$	3,318
Parent and other							(288)
Earnings attributable to common shares							$	3,030

(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, regulatory disallowances, 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, 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, 2025
Revenues from external customers:
Utilities	$	11,429	$	78
Energy-related businesses	—		911
Total revenues from external customers(1)	11,429		989		$	12,418
Other revenues(2):
Utilities	364		—
Energy-related businesses	—		920
Total other revenues	364		920		1,284
Intersegment revenues(3):
Utilities	25		—
Energy-related businesses	—		56
Total intersegment revenues	25		56		81
Segment revenues	$	11,818	$	1,965	13,783
Intersegment eliminations					(81)
Revenues					$	13,702

	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

(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,
	2025		2024		2023
SDG&E:
Revenues from external customers:
Electric	$	4,122	$	4,164	$	4,750
Natural gas	1,043		878		1,204
Total revenues from external customers(1)	5,165		5,042		5,954
Other revenues(2):
Electric	446		149		(401)
Natural gas	86		150		44
Total other revenues	532		299		(357)
Total revenues	5,697		5,341		5,597
Operation and maintenance	(1,725)		(1,692)		(1,846)

Depreciation and amortization	(1,316)		(1,223)		(1,098)
Interest income	2		5		15
Interest expense	(559)		(525)		(497)
Income tax benefit (expense)	128		(153)		26
Other segment items(3)	(1,664)		(862)		(1,261)
Earnings attributable to common shares	$	563	$	891	$	936

Capital expenditures for property, plant and equipment	$	2,427	$	2,522	$	2,540

(1) SDG&E did not have revenues from transactions with a single external customer that amounted to 10% or more of its 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, regulatory disallowances, 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,
	2025		2024		2023
SoCalGas:
Natural gas:
Revenues from external customers(1)	$	6,459	$	6,134	$	7,857
Other revenues(2)	(168)		75		432
Total revenues	6,291		6,209		8,289
Operation and maintenance	(2,689)		(2,791)		(2,821)
Depreciation and amortization	(1,016)		(910)		(839)
Interest income	6		9		9
Interest expense	(367)		(323)		(285)
Income tax benefit (expense)	38		(31)		5
Other segment items(3)	(1,398)		(1,208)		(3,547)
Earnings attributable to common shares	$	865	$	955	$	811

Capital expenditures for property, plant and equipment	$	2,116	$	2,231	$	2,020

(1) SoCalGas did not have revenues from transactions with a single external customer that amounted to 10% or more of its 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, franchise fees and other taxes, other income (expense), net, and preferred dividends.