XML 70 R39.htm IDEA: XBRL DOCUMENT
v3.25.1

REVENUES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
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, 2025 |  |
By major service line: |  |  |  |  |  |  |  |  |
Utilities | $ | 3,463 |  |  | $ | 26 |  |  | $ | (6) |  |  | $ | 3,483 |  |  |
Energy-related businesses | — |  |  | 218 |  |  | (20) |  |  | 198 |  |  |
Revenues from contracts with customers | $ | 3,463 |  |  | $ | 244 |  |  | $ | (26) |  |  | $ | 3,681 |  |  |
By market: |  |  |  |  |  |  |  |  |
Gas | $ | 2,392 |  |  | $ | 142 |  |  | $ | (5) |  |  | $ | 2,529 |  |  |
Electric | 1,071 |  |  | 102 |  |  | (21) |  |  | 1,152 |  |  |
Revenues from contracts with customers | $ | 3,463 |  |  | $ | 244 |  |  | $ | (26) |  |  | $ | 3,681 |  |  |
Revenues from contracts with customers | $ | 3,463 |  |  | $ | 244 |  |  | $ | (26) |  |  | $ | 3,681 |  |  |
Utilities regulatory revenues | (62) |  |  | — |  |  | — |  |  | (62) |  |  |
Other revenues | — |  |  | 182 |  |  | 1 |  |  | 183 |  |  |
Total revenues | $ | 3,401 |  |  | $ | 426 |  |  | $ | (25) |  |  | $ | 3,802 |  |  |
| 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 |  |  |
DISAGGREGATED REVENUES
(Dollars in millions) |  |  |  |
| SDG&E |  | SoCalGas
| Three months ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
By major service line: |  |  |  |  |  |  |
Revenues from contracts with customers – Utilities | $ | 1,434 |  |  | $ | 1,462 |  |  | $ | 2,068 |  |  | $ | 2,060 |
By market: |  |  |  |  |  |  |
Gas | $ | 359 |  |  | $ | 330 |  |  | $ | 2,068 |  |  | $ | 2,060 |
Electric | 1,075 |  |  | 1,132 |  |  | — |  |  | — |
Revenues from contracts with customers | $ | 1,434 |  |  | $ | 1,462 |  |  | $ | 2,068 |  |  | $ | 2,060 |
Revenues from contracts with customers | $ | 1,434 |  |  | $ | 1,462 |  |  | $ | 2,068 |  |  | $ | 2,060 |
Utilities regulatory revenues | (14) |  |  | (83) |  |  | (48) |  |  | (255) |
Total revenues | $ | 1,420 |  |  | $ | 1,379 |  |  | $ | 2,020 |  |  | $ | 1,805 |
Schedule of Timing of Remaining Performance Obligations | For contracts greater than one year, at March 31, 2025, 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, 2025.
REMAINING PERFORMANCE OBLIGATIONS
(Dollars in millions)
| Sempra(1) |  | SDG&E
2025 (excluding first three months of 2025) | $ | 306 |  |  | $ | 3 |
2026 | 289 |  |  | 4 |
2027 | 289 |  |  | 4 |
2028 | 242 |  |  | 4 |
2029 | 215 |  |  | 4 |
Thereafter | 2,133 |  |  | 52 |
Total revenues to be recognized | $ | 3,474 |  |  | $ | 71 |
(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, 2025 or 2024.
CONTRACT LIABILITIES
(Dollars in millions)
| 2025 |  | 2024
Sempra: |  |  |
Contract liabilities at January 1 | $ | (196) |  |  | $ | (198) |
Revenue from performance obligations satisfied during reporting period | 28 |  |  | 2 |
Payments received in advance | (1) |  |  | (3) |
Contract liabilities at March 31(1) | $ | (169) |  |  | $ | (199) |
SDG&E: |  |  |
Contract liabilities at January 1 | $ | (72) |  |  | $ | (75) |
Revenue from performance obligations satisfied during reporting period | 1 |  |  | 1 |
Contract liabilities at March 31(2) | $ | (71) |  |  | $ | (74) |
(1) Balances at March 31, 2025 include $79 in Other Current Liabilities and $90 in Deferred Credits and Other. (2) Balances at March 31, 2025 include $4 in Other Current Liabilities and $67 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, 2025 |  | December 31, 2024 |
Sempra: |  |  |  |
Accounts receivable – trade, net(1) | $ | 1,931 |  |  | $ | 1,787 |  |
Accounts receivable – other, net | 13 |  |  | 12 |  |
Due from unconsolidated affiliates – current(2) | 3 |  |  | 4 |  |
Other long-term assets(3) | 18 |  |  | 18 |  |
Total | $ | 1,965 |  |  | $ | 1,821 |  |
SDG&E: |  |  |  |
Accounts receivable – trade, net(1) | $ | 830 |  |  | $ | 774 |  |
Accounts receivable – other, net | 9 |  |  | 11 |  |
Due from unconsolidated affiliates – current(2) | 9 |  |  | 6 |  |
Other long-term assets(3) | 4 |  |  | 4 |  |
Total | $ | 852 |  |  | $ | 795 |  |
SoCalGas: |  |  |  |
Accounts receivable – trade, net | $ | 1,018 |  |  | $ | 932 |  |
Accounts receivable – other, net | 4 |  |  | 1 |  |
Other long-term assets(3) | 14 |  |  | 14 |  |
Total | $ | 1,036 |  |  | $ | 947 |  |
(1) At March 31, 2025 and December 31, 2024, includes $150 and $144, respectively, of receivables due from customers that were billed on behalf of Community Choice Aggregators, 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.

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration