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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Information | 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) |  |  |  |  |  |  |
|  |  |  |  | June 30, 2026 |  | December 31, 2025
ASSETS |  |  |  |  |  |  |
Sempra California |  |  |  |  | $ | 60,978 |  |  | $ | 60,364 |
Sempra Texas Utilities |  |  |  |  | 19,317 |  |  | 17,733 |
Sempra Infrastructure |  |  |  |  | 34,944 |  |  | 32,796 |
Segment totals |  |  |  |  | 115,239 |  |  | 110,893 |
Parent and other |  |  |  |  | 1,207 |  |  | 1,084 |
Intersegment eliminations(1) |  |  |  |  | (1,165) |  |  | (1,099) |
Total Sempra |  |  |  |  | $ | 115,281 |  |  | $ | 110,878 |
EQUITY METHOD INVESTMENTS |  |  |  |  |  |  |
Sempra Texas Utilities |  |  |  |  | $ | 19,135 |  |  | $ | 17,601 |
Sempra Infrastructure(2) |  |  |  |  | 16 |  |  | 17 |
Segment totals/Total Sempra |  |  |  |  | $ | 19,151 |  |  | $ | 17,618 |
| Three months ended June 30, |  | Six months ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
EQUITY EARNINGS |  |  |  |  |  |  |
Equity earnings, before income tax: |  |  |  |  |  |  |
Sempra Texas Utilities | $ | 2 |  |  | $ | 1 |  |  | $ | 4 |  |  | $ | 3 |
Sempra Infrastructure | 165 |  |  | 168 |  |  | 311 |  |  | 307 |
Segment totals | 167 |  |  | 169 |  |  | 315 |  |  | 310 |
Equity earnings, net of income tax: |  |  |  |  |  |  |
Sempra Texas Utilities | 346 |  |  | 209 |  |  | 517 |  |  | 355 |
Sempra Infrastructure | 34 |  |  | 15 |  |  | 82 |  |  | 53 |
Segment totals | 380 |  |  | 224 |  |  | 599 |  |  | 408 |
Total Sempra | $ | 547 |  |  | $ | 393 |  |  | $ | 914 |  |  | $ | 718 |
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT |  |  |  |
Sempra California |  |  |  |  | $ | 1,901 |  |  | $ | 2,315 |
Sempra Infrastructure |  |  |  |  | 2,784 |  |  | 2,322 |
Segment totals |  |  |  |  | 4,685 |  |  | 4,637 |
Parent and other |  |  |  |  | 2 |  |  | 3 |
Total Sempra |  |  |  |  | $ | 4,687 |  |  | $ | 4,640 |
(1) Primarily includes an intersegment loan from Sempra Infrastructure to Parent and other related to deferred income taxes. (2) At June 30, 2026 and December 31, 2025, $2,649 and $2,566, respectively, is included in Assets Held for Sale on the Sempra Condensed Consolidated Balance Sheets. The remaining $16 and $17 at June 30, 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 June 30, 2026
Revenues | $ | 2,511 |  |  |  |  | $ | 512 |  |  |
Operation and maintenance | (995) |  |  |  |  | (229) |  |  |
Depreciation and amortization | (607) |  |  |  |  | (3) |  |  |
Interest income | 5 |  |  |  |  | 26 |  |  |
Interest expense(2) | (256) |  |  |  |  | (10) |  |  |
Income tax expense | (39) |  |  |  |  | (157) |  |  |
Equity earnings |  |  | $ | 348 |  |  | 199 |  |  |
Earnings attributable to noncontrolling interests |  |  |  |  | (141) |  |  |
Earnings attributable to contingently redeemable noncontrolling interest |  |  |  |  | (4) |  |  |
Other segment items(3) | (322) |  |  | (2) |  |  | 37 |  |  |
Segment earnings attributable to common shares | $ | 297 |  |  | $ | 346 |  |  | $ | 230 |  |  | $ | 873 |
Parent and other |  |  |  |  |  |  | (77) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 796 |
| Three months ended June 30, 2025
Revenues | $ | 2,490 |  |  |  |  | $ | 530 |  |  |
Operation and maintenance | (1,000) |  |  |  |  | (213) |  |  |
Depreciation and amortization | (574) |  |  |  |  | (78) |  |  |
Interest income | 3 |  |  |  |  | 5 |  |  |
Interest expense(2) | (228) |  |  |  |  | 6 |  |  |
Income tax expense | (13) |  |  |  |  | (231) |  |  |
Equity earnings |  |  | $ | 210 |  |  | 183 |  |  |
Earnings attributable to noncontrolling interests |  |  |  |  | (46) |  |  |
Other segment items(3) | (419) |  |  | (2) |  |  | (84) |  |  |
Segment earnings attributable to common shares | $ | 259 |  |  | $ | 208 |  |  | $ | 72 |  |  | $ | 539 |
Parent and other |  |  |  |  |  |  | (78) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 461 |
(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, other income (expense), net, and preferred dividends for Sempra California; O&M and interest expense 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.
SEGMENT INFORMATION (CONTINUED) |  |  |  |  |  |  |
(Dollars in millions) |  |  |  |  |  |  |
| Sempra California |  | Sempra Texas Utilities(1) |  | Sempra Infrastructure |  | Sempra
| Six months ended June 30, 2026
Revenues | $ | 5,742 |  |  |  |  | $ | 955 |  |  |
Operation and maintenance | (2,011) |  |  |  |  | (450) |  |  |
Depreciation and amortization | (1,224) |  |  |  |  | (6) |  |  |
Interest income | 7 |  |  |  |  | 59 |  |  |
Interest expense(2) | (500) |  |  |  |  | — |  |  |
Income tax expense | (128) |  |  |  |  | (171) |  |  |
Equity earnings |  |  | $ | 521 |  |  | 393 |  |  |
Earnings attributable to noncontrolling interests |  |  |  |  | (248) |  |  |
Earnings attributable to contingently redeemable noncontrolling interest |  |  |  |  | (10) |  |  |
Other segment items(3) | (869) |  |  | (4) |  |  | (30) |  |  |
Segment earnings attributable to common shares | $ | 1,017 |  |  | $ | 517 |  |  | $ | 492 |  |  | $ | 2,026 |
Parent and other |  |  |  |  |  |  | (193) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 1,833 |
| Six months ended June 30, 2025
Revenues | $ | 5,891 |  |  |  |  | $ | 956 |  |  |
Operation and maintenance | (2,175) |  |  |  |  | (387) |  |  |
Depreciation and amortization | (1,136) |  |  |  |  | (154) |  |  |
Interest income | 5 |  |  |  |  | 24 |  |  |
Interest expense(2) | (453) |  |  |  |  | (71) |  |  |
Income tax expense | (65) |  |  |  |  | (253) |  |  |
Equity earnings |  |  |  | $ | 358 |  |  | 360 |  |  |
Earnings attributable to noncontrolling interests |  |  |  |  | (48) |  |  |
Other segment items(3) | (1,084) |  |  | (4) |  |  | (209) |  |  |
Segment earnings attributable to common shares | $ | 983 |  |  | $ | 354 |  |  | $ | 218 |  |  | $ | 1,555 |
Parent and other |  |  |  |  |  |  | (188) |
Earnings attributable to common shares |  |  |  |  |  |  | $ | 1,367 |
(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, other income (expense), net, and preferred dividends for Sempra California; O&M and interest expense 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 June 30, 2026 |  | Three months ended June 30, 2025
Revenues from external customers: |  |  |  |  |  |  |  |  |  |  |
Utilities | $ | 2,569 |  |  | $ | 18 |  |  |  |  | $ | 2,442 |  |  | $ | 18 |  |  |
Energy-related businesses | — |  |  | 212 |  |  |  |  | — |  |  | 240 |  |  |
Total revenues from external customers(1) | 2,569 |  |  | 230 |  |  | $ | 2,799 |  |  | 2,442 |  |  | 258 |  |  | $ | 2,700 |
Other revenues(2): |  |  |  |  |  |  |  |  |  |  |
Utilities | (65) |  |  | — |  |  |  |  | 41 |  |  | — |  |  |
Energy-related businesses | — |  |  | 263 |  |  |  |  | — |  |  | 259 |  |  |
Total other revenues | (65) |  |  | 263 |  |  | 198 |  |  | 41 |  |  | 259 |  |  | 300 |
Intersegment revenues(3): |  |  |  |  |  |  |  |  |  |  |
Utilities | 7 |  |  | — |  |  |  |  | 7 |  |  | — |  |  |
Energy-related businesses | — |  |  | 19 |  |  |  |  | — |  |  | 13 |  |  |
Total intersegment revenues | 7 |  |  | 19 |  |  | 26 |  |  | 7 |  |  | 13 |  |  | 20 |
Segment revenues | $ | 2,511 |  |  | $ | 512 |  |  | 3,023 |  |  | $ | 2,490 |  |  | $ | 530 |  |  | 3,020 |
Intersegment eliminations |  |  |  |  | (26) |  |  |  |  |  |  | (20) |
Revenues |  |  |  |  | $ | 2,997 |  |  |  |  |  |  | $ | 3,000 |
| Six months ended June 30, 2026 |  | Six months ended June 30, 2025
Revenues from external customers: |  |  |  |  |  |  |  |  |  |  |
Utilities | $ | 5,780 |  |  | $ | 45 |  |  |  |  | $ | 5,899 |  |  | $ | 44 |  |  |
Energy-related businesses | — |  |  | 402 |  |  |  |  | — |  |  | 438 |  |  |
Total revenues from external customers(1) | 5,780 |  |  | 447 |  |  | $ | 6,227 |  |  | 5,899 |  |  | 482 |  |  | $ | 6,381 |
Other revenues(2): |  |  |  |  |  |  |  |  |  |  |
Utilities | (54) |  |  | — |  |  |  |  | (21) |  |  | — |  |  |
Energy-related businesses | — |  |  | 479 |  |  |  |  | — |  |  | 442 |  |  |
Total other revenues | (54) |  |  | 479 |  |  | 425 |  |  | (21) |  |  | 442 |  |  | 421 |
Intersegment revenues(3): |  |  |  |  |  |  |  |  |  |  |
Utilities | 16 |  |  | — |  |  |  |  | 13 |  |  | — |  |  |
Energy-related businesses | — |  |  | 29 |  |  |  |  | — |  |  | 32 |  |  |
Total intersegment revenues | 16 |  |  | 29 |  |  | 45 |  |  | 13 |  |  | 32 |  |  | 45 |
Segment revenues | $ | 5,742 |  |  | $ | 955 |  |  | 6,697 |  |  | $ | 5,891 |  |  | $ | 956 |  |  | 6,847 |
Intersegment eliminations |  |  |  |  | (45) |  |  |  |  |  |  | (45) |
Revenues |  |  |  |  | $ | 6,652 |  |  |  |  |  |  | $ | 6,802 |
(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 June 30, |  | Six months ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
SDG&E: |  |  |  |  |  |  |
Revenues from external customers: |  |  |  |  |  |  |
Electric | $ | 1,204 |  |  | $ | 856 |  |  | $ | 2,439 |  |  | $ | 1,931 |
Natural gas | 183 |  |  | 212 |  |  | 504 |  |  | 571 |
Total revenues from external customers(1) | 1,387 |  |  | 1,068 |  |  | 2,943 |  |  | 2,502 |
Other revenues(2): |  |  |  |  |  |  |
Electric | (41) |  |  | 179 |  |  | (48) |  |  | 168 |
Natural gas | 22 |  |  | 15 |  |  | 20 |  |  | 12 |
Total other revenues | (19) |  |  | 194 |  |  | (28) |  |  | 180 |
Total revenues | 1,368 |  |  | 1,262 |  |  | 2,915 |  |  | 2,682 |
Operation and maintenance | (407) |  |  | (403) |  |  | (830) |  |  | (843) |
Depreciation and amortization | (331) |  |  | (323) |  |  | (675) |  |  | (643) |
Interest income | 3 |  |  | 2 |  |  | 4 |  |  | 2 |
Interest expense | (152) |  |  | (139) |  |  | (299) |  |  | (274) |
Income tax expense | (39) |  |  | (7) |  |  | (108) |  |  | (21) |
Other segment items(3) | (252) |  |  | (217) |  |  | (521) |  |  | (447) |
Earnings attributable to common shares | $ | 190 |  |  | $ | 175 |  |  | $ | 486 |  |  | $ | 456 |
Capital expenditures for property, plant and equipment |  |  |  |  | $ | 934 |  |  | $ | 1,270 |
(1) SDG&E did not have revenues from transactions with a single external customer that amounted to 10% or more of its 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) 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 June 30, |  | Six months ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
SoCalGas: |  |  |  |  |  |  |
Natural gas: |  |  |  |  |  |  |
Revenues from external customers(1) | $ | 1,233 |  |  | $ | 1,421 |  |  | $ | 2,941 |  |  | $ | 3,489 |
Other revenues(2) | (46) |  |  | (153) |  |  | (26) |  |  | (201) |
Total revenues | 1,187 |  |  | 1,268 |  |  | 2,915 |  |  | 3,288 |
Operation and maintenance | (619) |  |  | (622) |  |  | (1,240) |  |  | (1,379) |
Depreciation and amortization | (276) |  |  | (251) |  |  | (549) |  |  | (493) |
Interest income | 2 |  |  | 1 |  |  | 3 |  |  | 3 |
Interest expense | (104) |  |  | (89) |  |  | (201) |  |  | (179) |
Income tax expense | — |  |  | (6) |  |  | (20) |  |  | (44) |
Other segment items(3) | (83) |  |  | (217) |  |  | (377) |  |  | (669) |
Earnings attributable to common shares | $ | 107 |  |  | $ | 84 |  |  | $ | 531 |  |  | $ | 527 |
Capital expenditures for property, plant and equipment |  |  |  |  | $ | 967 |  |  | $ | 1,045 |
(1) SoCalGas did not have revenues from transactions with a single external customer that amounted to 10% or more of its 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) Includes cost of natural gas, franchise fees and other taxes, other income (expense), net, and preferred dividends.

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