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REVENUES (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | 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 California |  | Sempra Infrastructure |  | Consolidating adjustments and Parent and other |  | Sempra |  |
| Three months ended March 31, 2024 |  |
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 3,479 |  |  | $ | 30 |  |  | $ | (6) |  |  | $ | 3,503 |  |  |
Energy-related businesses | — |  |  | 212 |  |  | (18) |  |  | 194 |  |  |
Revenues from contracts with customers | $ | 3,479 |  |  | $ | 242 |  |  | $ | (24) |  |  | $ | 3,697 |  |  |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 2,350 |  |  | $ | 125 |  |  | $ | (5) |  |  | $ | 2,470 |  |  |
Electric | 1,129 |  |  | 117 |  |  | (19) |  |  | 1,227 |  |  |
Revenues from contracts with customers | $ | 3,479 |  |  | $ | 242 |  |  | $ | (24) |  |  | $ | 3,697 |  |  |
Revenues from contracts with customers | $ | 3,479 |  |  | $ | 242 |  |  | $ | (24) |  |  | $ | 3,697 |  |  |
Utilities regulatory revenues | (338) |  |  | — |  |  | — |  |  | (338) |  |  |
Other revenues | — |  |  | 277 |  |  | 4 |  |  | 281 |  |  |
Total revenues | $ | 3,141 |  |  | $ | 519 |  |  | $ | (20) |  |  | $ | 3,640 |  |  |
| Three months ended March 31, 2023 |  |
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 5,574 |  |  | $ | 30 |  |  | $ | (6) |  |  | $ | 5,598 |  |  |
Energy-related businesses | — |  |  | 312 |  |  | (21) |  |  | 291 |  |  |
Revenues from contracts with customers | $ | 5,574 |  |  | $ | 342 |  |  | $ | (27) |  |  | $ | 5,889 |  |  |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 4,365 |  |  | $ | 204 |  |  | $ | (5) |  |  | $ | 4,564 |  |  |
Electric | 1,209 |  |  | 138 |  |  | (22) |  |  | 1,325 |  |  |
Revenues from contracts with customers | $ | 5,574 |  |  | $ | 342 |  |  | $ | (27) |  |  | $ | 5,889 |  |  |
Revenues from contracts with customers | $ | 5,574 |  |  | $ | 342 |  |  | $ | (27) |  |  | $ | 5,889 |  |  |
Utilities regulatory revenues | (159) |  |  | — |  |  | — |  |  | (159) |  |  |
Other revenues | — |  |  | 854 |  |  | (24) |  |  | 830 |  |  |
Total revenues | $ | 5,415 |  |  | $ | 1,196 |  |  | $ | (51) |  |  | $ | 6,560 |  |  |
DISAGGREGATED REVENUES
(Dollars in millions) |  |  |  |
| SDG&E |  | SoCalGas
| Three months ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
By major service line: |  |  |  |  |  |  |
Revenues from contracts with customers – Utilities | $ | 1,462 |  |  | $ | 1,765 |  |  | $ | 2,060 |  |  | $ | 3,841 |
By market: |  |  |  |  |  |  |
Gas | $ | 330 |  |  | $ | 554 |  |  | $ | 2,060 |  |  | $ | 3,841 |
Electric | 1,132 |  |  | 1,211 |  |  | — |  |  | — |
Revenues from contracts with customers | $ | 1,462 |  |  | $ | 1,765 |  |  | $ | 2,060 |  |  | $ | 3,841 |
Revenues from contracts with customers | $ | 1,462 |  |  | $ | 1,765 |  |  | $ | 2,060 |  |  | $ | 3,841 |
Utilities regulatory revenues | (83) |  |  | (112) |  |  | (255) |  |  | (47) |
Total revenues | $ | 1,379 |  |  | $ | 1,653 |  |  | $ | 1,805 |  |  | $ | 3,794 |
Schedule of Timing of Remaining Performance Obligations | For contracts greater than one year, at March 31, 2024, 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 March 31, 2024.
REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
| Sempra |  | SDG&E
2024 (excluding first three months of 2024) | $ | 209 |  |  | $ | 2 |
2025 | 263 |  |  | 4 |
2026 | 263 |  |  | 4 |
2027 | 263 |  |  | 4 |
2028 | 195 |  |  | 4 |
Thereafter | 1,767 |  |  | 56 |
Total revenues to be recognized | $ | 2,960 |  |  | $ | 74 |
(1) Excludes intercompany transactions.
Schedule of Contract Liabilities | Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the three months ended March 31, 2024 or 2023. Sempra Infrastructure recorded a contract liability for funds held as collateral in lieu of a customer’s letters of credit primarily associated with its LNG storage and regasification agreement.
CONTRACT LIABILITIES
(Dollars in millions)
| 2024 |  | 2023
Sempra: |  |  |
Contract liabilities at January 1 | $ | (198) |  |  | $ | (252) |
Revenue from performance obligations satisfied during reporting period | 2 |  |  | 2 |
Payments received in advance | (3) |  |  | — |
Contract liabilities at March 31(1) | $ | (199) |  |  | $ | (250) |
SDG&E: |  |  |
Contract liabilities at January 1 | $ | (75) |  |  | $ | (79) |
Revenue from performance obligations satisfied during reporting period | 1 |  |  | 1 |
Contract liabilities at March 31(2) | $ | (74) |  |  | $ | (78) |
(1) Balances at March 31, 2024 include $5 in Other Current Liabilities and $194 in Deferred Credits and Other. (2) Balances at March 31, 2024 include $4 in Other Current Liabilities and $70 in Deferred Credits and Other.
Schedule of Contract Accounts Receivable | 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) |
| March 31, 2024 |  | December 31, 2023 |
Sempra: |  |  |  |
Accounts receivable – trade, net(1) | $ | 1,891 |  |  | $ | 1,951 |  |
Accounts receivable – other, net | 22 |  |  | 15 |  |
Due from unconsolidated affiliates – current(2) | 5 |  |  | 4 |  |
Other long-term assets(3) | 17 |  |  | — |  |
Total | $ | 1,935 |  |  | $ | 1,970 |  |
SDG&E: |  |  |  |
Accounts receivable – trade, net(1) | $ | 818 |  |  | $ | 870 |  |
Accounts receivable – other, net | 20 |  |  | 13 |  |
Due from unconsolidated affiliates – current(2) | 7 |  |  | 6 |  |
Other long-term assets(3) | 7 |  |  | — |  |
Total | $ | 852 |  |  | $ | 889 |  |
SoCalGas: |  |  |  |
Accounts receivable – trade, net | 995 |  |  | 985 |  |
Accounts receivable – other, net | 2 |  |  | 2 |  |
Other long-term assets(3) | 10 |  |  | — |  |
Total | $ | 1,007 |  |  | $ | 987 |  |
(1) At March 31, 2024 and December 31, 2023, includes $125 and $148, 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 until October 2026.

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