CONDENSED BALANCE SHEETS - SoCalGas - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 794	$ 29	[1]
Accounts receivable – trade, net	1,604	1,767	[1]
Accounts receivable – other, net	203	157	[1]
Due from unconsolidated affiliates	34	0	[1]
Inventories	530	561	[1]
Regulatory assets	561	761	[1]
Greenhouse gas allowances	199	203	[1]
Other current assets	234	262	[1]
Total current assets	36,203	34,837	[1]
Other assets:
Regulatory assets	4,077	3,868	[1]
Greenhouse gas allowances	1,378	1,221	[1]
Right-of-use assets – operating leases	1,297	1,262	[1]
Other long-term assets	1,261	1,300	[1]
Total other assets	28,126	27,030	[1]
Property, plant and equipment:
Property, plant and equipment	67,477	66,900	[1]
Less accumulated depreciation and amortization	(18,288)	(17,889)	[1]
Property, plant and equipment, net	49,189	49,011	[1]
Total assets	113,518	110,878	[1]
Current liabilities:
Short-term debt	3,708	4,166	[1]
Accounts payable – trade	1,134	1,461	[1]
Accounts payable – other	174	203	[1]
Accrued compensation and benefits	316	521	[1]
Current portion of long-term debt and finance leases	1,878	1,876	[1]
Greenhouse gas obligations	199	203	[1]
Total current liabilities	21,439	21,894	[1]
Long-term debt and finance leases	30,847	28,979	[1]
Deferred credits and other liabilities:
Regulatory liabilities	4,303	4,250	[1]
Greenhouse gas obligations	1,064	957	[1]
Pension obligation, net of plan assets	126	124	[1]
Deferred income taxes	6,414	6,127	[1]
Asset retirement obligations	3,773	3,743	[1]
Deferred credits and other	2,824	2,805	[1]
Total deferred credits and other liabilities	18,504	18,006	[1]
Commitments and contingencies			[1]
Equity:
Common stock	14,731	14,699	[1]
Retained earnings	17,699	17,092	[1]
Accumulated other comprehensive income (loss)	(191)	(197)	[1]
Total shareholders’ equity	32,239	31,594	[1]
Total liabilities, contingently redeemable noncontrolling interest, and equity	113,518	110,878	[1]
Related Party
Current liabilities:
Other current liabilities	0	8	[1]
Nonrelated Party
Current liabilities:
Other current liabilities	858	979	[1]
SoCalGas
Current assets:
Cash and cash equivalents	1	14	[2]
Accounts receivable – trade, net	706	958	[2]
Accounts receivable – other, net	88	61	[2]
Due from unconsolidated affiliates	10	8	[2]
Inventories	267	294	[2]
Regulatory assets	200	328	[2]
Greenhouse gas allowances	175	175	[2]
Other current assets	74	91	[2]
Total current assets	1,521	1,929	[2]
Other assets:
Regulatory assets	2,048	1,888	[2]
Greenhouse gas allowances	1,080	935	[2]
Right-of-use assets – operating leases	126	68	[2]
Other long-term assets	705	738	[2]
Total other assets	3,959	3,629	[2]
Property, plant and equipment:
Property, plant and equipment	31,249	31,078	[2]
Less accumulated depreciation and amortization	(9,127)	(8,948)	[2]
Property, plant and equipment, net	22,122	22,130	[2]
Total assets	27,602	27,688	[2]
Current liabilities:
Short-term debt	499	903	[2]
Accounts payable – trade	473	727	[2]
Accounts payable – other	139	161	[2]
Accrued compensation and benefits	155	219	[2]
Current portion of long-term debt and finance leases	529	529	[2]
Greenhouse gas obligations	175	175	[2]
Asset retirement obligations	96	98	[2]
Total current liabilities	2,544	3,383	[2]
Long-term debt and finance leases	7,615	7,619	[2]
Deferred credits and other liabilities:
Regulatory liabilities	1,300	1,290	[2]
Greenhouse gas obligations	924	820	[2]
Pension obligation, net of plan assets	18	18	[2]
Deferred income taxes	2,397	2,271	[2]
Asset retirement obligations	3,023	2,994	[2]
Deferred credits and other	521	457	[2]
Total deferred credits and other liabilities	8,183	7,850	[2]
Commitments and contingencies			[2]
Equity:
Preferred stock	22	22	[2]
Common stock	2,316	2,316	[2]
Retained earnings	6,939	6,515	[2]
Accumulated other comprehensive income (loss)	(17)	(17)	[2]
Total shareholders’ equity	9,260	8,836	[2]
Total liabilities, contingently redeemable noncontrolling interest, and equity	27,602	27,688	[2]
SoCalGas | Related Party
Current assets:
Due from unconsolidated affiliates	10	8
Current liabilities:
Other current liabilities	44	35	[2]
SoCalGas | Nonrelated Party
Current liabilities:
Other current liabilities	$ 434	$ 536	[2]

[1] Derived from audited financial statements.

[2] Derived from audited financial statements.