SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

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)
		March 31, 2026		December 31, 2025
ASSETS
Sempra California		$	61,138	$	60,364
Sempra Texas Utilities		18,555		17,733
Sempra Infrastructure		33,800		32,796
Segment totals		113,493		110,893
Parent and other		1,191		1,084
Intersegment eliminations(1)		(1,166)		(1,099)
Total Sempra		$	113,518	$	110,878
EQUITY METHOD INVESTMENTS
Sempra Texas Utilities		$	18,374	$	17,601
Sempra Infrastructure(2)		16		17
Segment totals/Total Sempra		$	18,390	$	17,618

	Three months ended March 31,
		2026		2025
EQUITY EARNINGS
Equity earnings, before income tax:
Sempra Texas Utilities		$	2	$	2
Sempra Infrastructure		146		139
Segment totals		148		141
Equity earnings, net of income tax:
Sempra Texas Utilities		171		146
Sempra Infrastructure		48		38
Segment totals		219		184
Total Sempra		$	367	$	325
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT
Sempra California		$	967	$	1,094
Sempra Infrastructure		1,493		1,241
Segment totals		2,460		2,335
Parent and other		1		1
Total Sempra		$	2,461	$	2,336

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

(2) At March 31, 2026 and December 31, 2025, $2,546 and $2,566, respectively, is included in Assets Held for Sale on the Sempra Condensed Consolidated Balance Sheets. The remaining $16 and $17 at March 31, 2026 and December 31, 2025, respectively, represents our investment balance in Cameron LNG JV related to our guarantee under the SDSRA, which we discuss in Note 13.


SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
	Sempra California		Sempra Texas Utilities(1)		Sempra Infrastructure		Sempra
	Three months ended March 31, 2026
Revenues	$	3,231			$	443
Operation and maintenance	(1,016)				(221)
Depreciation and amortization	(617)				(3)
Interest income	2				33
Interest expense(2)	(244)				10
Income tax expense	(89)				(14)
Equity earnings			$	173	194
Earnings attributable to noncontrolling interests					(107)
Earnings attributable to contingently redeemable noncontrolling interest					(6)
Other segment items(3)	(547)		(2)		(67)
Segment earnings attributable to common shares	$	720	$	171	$	262	$	1,153
Parent and other							(116)
Earnings attributable to common shares							$	1,037

	Three months ended March 31, 2025
Revenues	$	3,401			$	426
Operation and maintenance	(1,175)				(174)
Depreciation and amortization	(562)				(76)
Interest income	2				19
Interest expense(2)	(225)				(77)
Income tax expense	(52)				(22)
Equity earnings			$	148	177
Earnings attributable to noncontrolling interests					(2)
Other segment items(3)	(665)		(2)		(125)
Segment earnings attributable to common shares	$	724	$	146	$	146	$	1,016
Parent and other							(110)
Earnings attributable to common shares							$	906

(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, franchise fees and other taxes, and other income (expense), net, for Sempra California; O&M 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		Sempra California		Sempra Infrastructure		Sempra
	Three months ended March 31,
	2026						2025


















Revenues from external customers:
Utilities	$	3,211	$	27			$	3,457	$	26
Energy-related businesses	—		190				—		198
Total revenues from external customers(1)	3,211		217		$	3,428	3,457		224		$	3,681
Other revenues(2):
Utilities	11		—				(62)		—
Energy-related businesses	—		216				—		183
Total other revenues	11		216		227		(62)		183		121
Intersegment revenues(3):
Utilities	9		—				6		—
Energy-related businesses	—		10				—		19
Total intersegment revenues	9		10		19		6		19		25
Segment revenues	$	3,231	$	443	3,674		$	3,401	$	426	3,827

Intersegment eliminations					(19)						(25)
Revenues					$	3,655					$	3,802

(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 of the Notes to Consolidated Financial Statements in the Annual Report 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 of the Notes to Consolidated Financial Statements in the Annual Report 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)
	Three months ended March 31,
		2026		2025
SDG&E:
Revenues from external customers:
Electric		$	1,235	$	1,075
Natural gas		321		359
Total revenues from external customers(1)		1,556		1,434
Other revenues(2):
Electric		(7)		(11)
Natural gas		(2)		(3)
Total other revenues		(9)		(14)
Total revenues		1,547		1,420
Operation and maintenance		(423)		(440)
Depreciation and amortization		(344)		(320)
Interest income		1		—
Interest expense		(147)		(135)
Income tax expense		(69)		(14)
Other segment items(3)		(269)		(230)
Earnings attributable to common shares		$	296	$	281

Capital expenditures for property, plant and equipment		$	486	$	539

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

(3) Includes cost of electric fuel and purchased power, cost of natural gas, 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)
	Three months ended March 31,
		2026		2025
SoCalGas:
Natural gas:
Revenues from external customers(1)		$	1,708	$	2,068
Other revenues(2)		20		(48)
Total revenues		1,728		2,020
Operation and maintenance		(621)		(757)
Depreciation and amortization		(273)		(242)
Interest income		1		2
Interest expense		(97)		(90)
Income tax expense		(20)		(38)
Other segment items(3)		(294)		(452)
Earnings attributable to common shares		$	424	$	443

Capital expenditures for property, plant and equipment		$	481	$	555

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

(3) Includes cost of natural gas, franchise fees and other taxes, and other income (expense), net