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REVENUES (Tables) | 12 Months Ended
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Dec. 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
| Year ended December 31, 2024
By major service line: |  |  |  |  |  |  |
Utilities | $ | 11,008 |  |  | $ | 78 |  |  | $ | (23) |  |  | $ | 11,063 |
Energy-related businesses | — |  |  | 818 |  |  | (63) |  |  | 755 |
Revenues from contracts with customers | $ | 11,008 |  |  | $ | 896 |  |  | $ | (86) |  |  | $ | 11,818 |
By market: |  |  |  |  |  |  |
Gas | $ | 6,858 |  |  | $ | 471 |  |  | $ | (21) |  |  | $ | 7,308 |
Electric | 4,150 |  |  | 425 |  |  | (65) |  |  | 4,510 |
Revenues from contracts with customers | $ | 11,008 |  |  | $ | 896 |  |  | $ | (86) |  |  | $ | 11,818 |
Revenues from contracts with customers | $ | 11,008 |  |  | $ | 896 |  |  | $ | (86) |  |  | $ | 11,818 |
Utilities regulatory revenues | 374 |  |  | — |  |  | — |  |  | 374 |
Other revenues | — |  |  | 986 |  |  | 7 |  |  | 993 |
Total revenues | $ | 11,382 |  |  | $ | 1,882 |  |  | $ | (79) |  |  | $ | 13,185 |
| Year ended December 31, 2023
By major service line: |  |  |  |  |  |  |
Utilities | $ | 13,686 |  |  | $ | 87 |  |  | $ | (19) |  |  | $ | 13,754 |
Energy-related businesses | — |  |  | 1,164 |  |  | (70) |  |  | 1,094 |
Revenues from contracts with customers | $ | 13,686 |  |  | $ | 1,251 |  |  | $ | (89) |  |  | $ | 14,848 |
By market: |  |  |  |  |  |  |
Gas | $ | 8,949 |  |  | $ | 755 |  |  | $ | (17) |  |  | $ | 9,687 |
Electric | 4,737 |  |  | 496 |  |  | (72) |  |  | 5,161 |
Revenues from contracts with customers | $ | 13,686 |  |  | $ | 1,251 |  |  | $ | (89) |  |  | $ | 14,848 |
Revenues from contracts with customers | $ | 13,686 |  |  | $ | 1,251 |  |  | $ | (89) |  |  | $ | 14,848 |
Utilities regulatory revenues | 75 |  |  | — |  |  | — |  |  | 75 |
Other revenues | — |  |  | 1,820 |  |  | (23) |  |  | 1,797 |
Total revenues | $ | 13,761 |  |  | $ | 3,071 |  |  | $ | (112) |  |  | $ | 16,720 |
| Year ended December 31, 2022
By major service line: |  |  |  |  |  |  |
Utilities | $ | 11,944 |  |  | $ | 89 |  |  | $ | (15) |  |  | $ | 12,018 |
Energy-related businesses | — |  |  | 1,760 |  |  | (56) |  |  | 1,704 |
Revenues from contracts with customers | $ | 11,944 |  |  | $ | 1,849 |  |  | $ | (71) |  |  | $ | 13,722 |
By market: |  |  |  |  |  |  |
Gas | $ | 7,267 |  |  | $ | 1,270 |  |  | $ | (12) |  |  | $ | 8,525 |
Electric | 4,677 |  |  | 579 |  |  | (59) |  |  | 5,197 |
Revenues from contracts with customers | $ | 11,944 |  |  | $ | 1,849 |  |  | $ | (71) |  |  | $ | 13,722 |
Revenues from contracts with customers | $ | 11,944 |  |  | $ | 1,849 |  |  | $ | (71) |  |  | $ | 13,722 |
Utilities regulatory revenues | 633 |  |  | — |  |  | — |  |  | 633 |
Other revenues | — |  |  | 70 |  |  | 14 |  |  | 84 |
Total revenues | $ | 12,577 |  |  | $ | 1,919 |  |  | $ | (57) |  |  | $ | 14,439 |
DISAGGREGATED REVENUES |
(Dollars in millions) |  |  |  |  |  |  |
| SDG&E |  | SoCalGas
| Years ended December 31,
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
By major service line: |  |  |  |  |  |  |  |  |  |  |
Revenues from contracts with customers – Utilities | $ | 5,042 |  |  | $ | 5,954 |  |  | $ | 5,586 |  |  | $ | 6,134 |  |  | $ | 7,857 |  |  | $ | 6,459 |
By market: |  |  |  |  |  |  |  |  |  |  |
Gas | $ | 878 |  |  | $ | 1,204 |  |  | $ | 899 |  |  | $ | 6,134 |  |  | $ | 7,857 |  |  | $ | 6,459 |
Electric | 4,164 |  |  | 4,750 |  |  | 4,687 |  |  | — |  |  | — |  |  | — |
Revenues from contracts with customers | $ | 5,042 |  |  | $ | 5,954 |  |  | $ | 5,586 |  |  | $ | 6,134 |  |  | $ | 7,857 |  |  | $ | 6,459 |
Revenues from contracts with customers | $ | 5,042 |  |  | $ | 5,954 |  |  | $ | 5,586 |  |  | $ | 6,134 |  |  | $ | 7,857 |  |  | $ | 6,459 |
Utilities regulatory revenues | 299 |  |  | (357) |  |  | 252 |  |  | 75 |  |  | 432 |  |  | 381 |
Total revenues | $ | 5,341 |  |  | $ | 5,597 |  |  | $ | 5,838 |  |  | $ | 6,209 |  |  | $ | 8,289 |  |  | $ | 6,840 |
Schedule of Timing of Remaining Performance Obligations | For contracts greater than one year, at December 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 December 31, 2024.
REMAINING PERFORMANCE OBLIGATIONS |  |  |
(Dollars in millions) |  |  |
| Sempra(1) |  | SDG&E
2025 | $ | 403 |  |  | $ | 4 |
2026 | 284 |  |  | 4 |
2027 | 285 |  |  | 4 |
2028 | 239 |  |  | 4 |
2029 | 211 |  |  | 4 |
Thereafter | 2,101 |  |  | 52 |
Total revenues to be recognized | $ | 3,523 |  |  | $ | 72 |
(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 2024, 2023 or 2022.
CONTRACT LIABILITIES
(Dollars in millions)
| 2024 |  | 2023 |  | 2022
Sempra: |  |  |  |  |
Contract liabilities at January 1 | $ | (198) |  |  | $ | (252) |  |  | (278) |
Revenue from performance obligations satisfied during reporting period | 11 |  |  | 14 |  |  | 131 |
Payments received in advance | (7) |  |  | (21) |  |  | (105) |
Contract modification | (2) |  |  | 61 |  |  | — |
Contract liabilities at December 31(1) | $ | (196) |  |  | $ | (198) |  |  | $ | (252) |
SDG&E: |  |  |  |  |
Contract liabilities at January 1 | $ | (75) |  |  | $ | (79) |  |  | $ | (83) |
Revenue from performance obligations satisfied during reporting period | 3 |  |  | 4 |  |  | 4 |
Contract liabilities at December 31(2) | $ | (72) |  |  | $ | (75) |  |  | $ | (79) |
(1) Balances at December 31, 2024 and 2023 include $105 and $5, respectively, in Other Current Liabilities and $91 and $193, respectively, in Deferred Credits and Other. (2) Balances at December 31, 2024 and 2023 include $4 and $3, respectively, in Other Current Liabilities and $68 and $72, respectively, 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 Consolidated Balance Sheets.
RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS
(Dollars in millions)
| December 31,
| 2024 |  | 2023
Sempra: |  |  |
Accounts receivable – trade, net(1) | $ | 1,787 |  |  | $ | 1,951 |
Accounts receivable – other, net | 12 |  |  | 15 |
Due from unconsolidated affiliates – current(2) | 4 |  |  | 4 |
Other long-term assets(3) | 18 |  |  | — |
Total | $ | 1,821 |  |  | $ | 1,970 |
SDG&E: |  |  |
Accounts receivable – trade, net(1) | $ | 774 |  |  | $ | 870 |
Accounts receivable – other, net | 11 |  |  | 13 |
Due from unconsolidated affiliates – current(2) | 6 |  |  | 6 |
Other long-term assets(3) | 4 |  |  | — |
Total | $ | 795 |  |  | $ | 889 |
SoCalGas: |  |  |
Accounts receivable – trade, net | $ | 932 |  |  | $ | 985 |
Accounts receivable – other, net | 1 |  |  | 2 |
Other long-term assets(3) | 14 |  |  | — |
Total | $ | 947 |  |  | $ | 987 |
(1) At December 31, 2024 and 2023, includes $144 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 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.

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