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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
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,
|  |  | 2024 |  | 2023
ASSETS |  |  |  |  |
Sempra California |  |  | $ | 56,116 |  |  | $ | 53,430 |
Sempra Texas Utilities |  |  | 15,534 |  |  | 14,392 |
Sempra Infrastructure |  |  | 22,954 |  |  | 19,430 |
Segment totals |  |  | 94,604 |  |  | 87,252 |
Parent and other |  |  | 2,622 |  |  | 967 |
Intersegment eliminations(1) |  |  | (1,071) |  |  | (1,038) |
Total Sempra |  |  | $ | 96,155 |  |  | $ | 87,181 |
EQUITY METHOD INVESTMENTS |  |  |  |  |
Sempra Texas Utilities |  |  | $ | 15,522 |  |  | $ | 14,380 |
Sempra Infrastructure |  |  | 2,411 |  |  | 2,129 |
Segment totals/Total Sempra |  |  | $ | 17,933 |  |  | $ | 16,509 |
GEOGRAPHIC LOCATION OF PROPERTY, PLANT AND EQUIPMENT, NET |  |  |  |  |
United States |  |  | $ | 52,952 |  |  | $ | 46,935 |
Mexico |  |  | 8,485 |  |  | 8,024 |
Rest of the world |  |  | — |  |  | 1 |
Total Sempra |  |  | $ | 61,437 |  |  | $ | 54,960 |
| Years ended December 31,
| 2024 |  | 2023 |  | 2022
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT |  |  |  |  |
Sempra California | $ | 4,753 |  |  | $ | 4,560 |  |  | $ | 4,466 |
Sempra Infrastructure | 3,459 |  |  | 3,832 |  |  | 884 |
Segment totals | 8,212 |  |  | 8,392 |  |  | 5,350 |
Parent and other | 3 |  |  | 5 |  |  | 7 |
Total Sempra | $ | 8,215 |  |  | $ | 8,397 |  |  | $ | 5,357 |
GEOGRAPHIC LOCATION OF REVENUES(2) |  |  |  |  |
United States | $ | 11,623 |  |  | $ | 14,973 |  |  | $ | 13,015 |
Mexico | 1,562 |  |  | 1,747 |  |  | 1,424 |
Total Sempra | $ | 13,185 |  |  | $ | 16,720 |  |  | $ | 14,439 |
(1) Primarily includes an intersegment loan from Sempra Infrastructure to Parent and other related to deferred income taxes. (2) 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, 2024
Revenues | $ | 11,382 |  |  |  |  | $ | 1,882 |  |  |
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) | (6,385) |  |  | (7) |  |  | (1,270) |  |  |
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 |  |  |
Depreciation and amortization | (1,937) |  |  |  |  | (281) |  |  |
Interest income | 24 |  |  |  |  | 43 |  |  |
Interest expense(2) | (782) |  |  |  |  | (129) |  |  |
Income tax benefit (expense) | 31 |  |  |  |  | (673) |  |  |
Equity earnings | — |  |  | $ | 701 |  |  | 740 |  |  |
Earnings attributable to noncontrolling interests | — |  |  | — |  |  | (543) |  |  |
Other segment items(3) | (9,350) |  |  | (7) |  |  | (1,351) |  |  |
Segment earnings attributable to common shares | $ | 1,747 |  |  | $ | 694 |  |  | $ | 877 |  |  | $ | 3,318 |
Parent and other |  |  |  |  |  |  | (288) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 3,030 |
| Year ended December 31, 2022
Revenues | $ | 12,577 |  |  |  |  | $ | 1,919 |  |  |
Depreciation and amortization | (1,743) |  |  |  |  | (268) |  |  |
Interest income | 11 |  |  |  |  | 44 |  |  |
Interest expense | (647) |  |  |  |  | (104) |  |  |
Income tax expense | (320) |  |  |  |  | (249) |  |  |
Equity earnings | — |  |  | $ | 742 |  |  | 756 |  |  |
Earnings attributable to noncontrolling interests | — |  |  | — |  |  | (146) |  |  |
Other segment items(3) | (8,364) |  |  | (6) |  |  | (1,642) |  |  |
Segment earnings attributable to common shares | $ | 1,514 |  |  | $ | 736 |  |  | $ | 310 |  |  | $ | 2,560 |
Parent and other |  |  |  |  |  |  | (466) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 2,094 |
(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, O&M, Aliso Canyon litigation and regulatory matters, 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, O&M, 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, 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 |
| Year ended December 31, 2022
Revenues from external customers: |  |  |  |  |
Utilities | $ | 11,930 |  |  | $ | 89 |  |  |
Energy-related businesses | — |  |  | 1,704 |  |  |
Total revenues from external customers(1) | 11,930 |  |  | 1,793 |  |  | $ | 13,723 |
Other revenues(2): |  |  |  |  |
Utilities | 633 |  |  | — |  |  |
Energy-related businesses | — |  |  | 83 |  |  |
Total other revenues | 633 |  |  | 83 |  |  | 716 |
Intersegment revenues(3): |  |  |  |  |
Utilities | 14 |  |  | — |  |  |
Energy-related businesses | — |  |  | 43 |  |  |
Total intersegment revenues | 14 |  |  | 43 |  |  | 57 |
Segment revenues | $ | 12,577 |  |  | $ | 1,919 |  |  | 14,496 |
Intersegment eliminations |  |  |  |  | (57) |
Revenues |  |  |  |  | $ | 14,439 |
(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,
| 2024 |  | 2023 |  | 2022
SDG&E: |  |  |  |  |
Revenues from external customers: |  |  |  |  |
Electric | $ | 4,164 |  |  | $ | 4,750 |  |  | $ | 4,687 |
Natural gas | 878 |  |  | 1,204 |  |  | 899 |
Total revenues from external customers(1) | 5,042 |  |  | 5,954 |  |  | 5,586 |
Other revenues(2): |  |  |  |  |
Electric | 149 |  |  | (401) |  |  | 109 |
Natural gas | 150 |  |  | 44 |  |  | 143 |
Total other revenues | 299 |  |  | (357) |  |  | 252 |
Total revenues | 5,341 |  |  | 5,597 |  |  | 5,838 |
Depreciation and amortization | (1,223) |  |  | (1,098) |  |  | (982) |
Interest income | 5 |  |  | 15 |  |  | 5 |
Interest expense | (525) |  |  | (497) |  |  | (449) |
Income tax (expense) benefit | (153) |  |  | 26 |  |  | (182) |
Other segment items(3) | (2,554) |  |  | (3,107) |  |  | (3,315) |
Earnings attributable to common shares | $ | 891 |  |  | $ | 936 |  |  | $ | 915 |
Capital expenditures for property, plant and equipment | $ | 2,522 |  |  | $ | 2,540 |  |  | $ | 2,473 |
(1) We did not have revenues from transactions with a single external customer that amounted to 10% or more of SDG&E’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) Includes cost of electric fuel and purchased power, cost of natural gas, O&M, 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,
| 2024 |  | 2023 |  | 2022
SoCalGas: |  |  |  |  |
Natural gas: |  |  |  |  |
Revenues from external customers(1) | $ | 6,134 |  |  | $ | 7,857 |  |  | $ | 6,459 |
Other revenues(2) | 75 |  |  | 432 |  |  | 381 |
Total revenues | 6,209 |  |  | 8,289 |  |  | 6,840 |
Aliso Canyon litigation and regulatory matters | — |  |  | — |  |  | (259) |
Depreciation and amortization | (910) |  |  | (839) |  |  | (761) |
Interest income | 9 |  |  | 9 |  |  | 6 |
Interest expense | (323) |  |  | (285) |  |  | (198) |
Income tax (expense) benefit | (31) |  |  | 5 |  |  | (138) |
Other segment items(3) | (3,999) |  |  | (6,368) |  |  | (4,891) |
Earnings attributable to common shares | $ | 955 |  |  | $ | 811 |  |  | $ | 599 |
Capital expenditures for property, plant and equipment | $ | 2,231 |  |  | $ | 2,020 |  |  | $ | 1,993 |
(1) We did not have revenues from transactions with a single external customer that amounted to 10% or more of SoCalGas’ 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, O&M, franchise fees and other taxes, and other income (expense), net, and preferred dividends.

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