v3.25.2
REVENUES (Tables)
 6 Months Ended
Jun. 30, 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 CaliforniaSempra InfrastructureConsolidating adjustments and Parent
and other		Sempra
Three months ended June 30, 2025
By major service line:
Utilities$2,449 $18 $(7)$2,460 
Energy-related businesses— 257 (17)240 
Revenues from contracts with customers$2,449 $275 $(24)$2,700 
By market:
Gas$1,596 $173 $(8)$1,761 
Electric853 102 (16)939 
Revenues from contracts with customers$2,449 $275 $(24)$2,700 
Revenues from contracts with customers$2,449 $275 $(24)$2,700 
Utilities regulatory revenues41 — — 41 
Other revenues— 255 4 259 
Total revenues$2,490 $530 $(20)$3,000 
Three months ended June 30, 2024
By major service line:
Utilities$2,256 $18 $(5)$2,269 
Energy-related businesses— 234 (19)215 
Revenues from contracts with customers$2,256 $252 $(24)$2,484 
By market:
Gas$1,374 $148 $(4)$1,518 
Electric882 104 (20)966 
Revenues from contracts with customers$2,256 $252 $(24)$2,484 
Revenues from contracts with customers$2,256 $252 $(24)$2,484 
Utilities regulatory revenues369 — — 369 
Other revenues— 157 1 158 
Total revenues$2,625 $409 $(23)$3,011 
DISAGGREGATED REVENUES (CONTINUED)
(Dollars in millions)
Sempra
Sempra CaliforniaSempra InfrastructureConsolidating adjustments and Parent
and other		Sempra
Six months ended June 30, 2025
By major service line:
Utilities$5,912 $44 $(13)$5,943 
Energy-related businesses— 475 (37)438 
Revenues from contracts with customers$5,912 $519 $(50)$6,381 
By market:
Gas$3,988 $315 $(13)$4,290 
Electric1,924 204 (37)2,091 
Revenues from contracts with customers$5,912 $519 $(50)$6,381 
Revenues from contracts with customers$5,912 $519 $(50)$6,381 
Utilities regulatory revenues(21)— — (21)
Other revenues— 437 5 442 
Total revenues$5,891 $956 $(45)$6,802 
 Six months ended June 30, 2024
By major service line:
Utilities$5,735 $48 $(11)$5,772 
Energy-related businesses— 446 (37)409 
Revenues from contracts with customers$5,735 $494 $(48)$6,181 
By market:
Gas$3,724 $273 $(9)$3,988 
Electric2,011 221 (39)2,193 
Revenues from contracts with customers$5,735 $494 $(48)$6,181 
Revenues from contracts with customers$5,735 $494 $(48)$6,181 
Utilities regulatory revenues31 — — 31 
Other revenues— 434 5 439 
Total revenues$5,766 $928 $(43)$6,651 
DISAGGREGATED REVENUES
(Dollars in millions)
SDG&ESoCalGas
Three months ended June 30,
2025202420252024
By major service line:
Revenues from contracts with customers – Utilities
$1,068 $1,047 $1,421 $1,246 
By market:
Gas$212 $161 $1,421 $1,246 
Electric856 886 — — 
Revenues from contracts with customers$1,068 $1,047 $1,421 $1,246 
Revenues from contracts with customers$1,068 $1,047 $1,421 $1,246 
Utilities regulatory revenues194 308 (153)63 
Total revenues$1,262 $1,355 $1,268 $1,309 
Six months ended June 30,
2025202420252024
By major service line:
Revenues from contracts with customers – Utilities
$2,502 $2,509 $3,489 $3,306 
By market:
Gas$571 $491 $3,489 $3,306 
Electric1,931 2,018 — — 
Revenues from contracts with customers$2,502 $2,509 $3,489 $3,306 
Revenues from contracts with customers$2,502 $2,509 $3,489 $3,306 
Utilities regulatory revenues180 225 (201)(192)
Total revenues$2,682 $2,734 $3,288 $3,114 
Schedule of Timing of Remaining Performance Obligations
For contracts greater than one year, at June 30, 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 June 30, 2025.
REMAINING PERFORMANCE OBLIGATIONS
(Dollars in millions)
Sempra(1)
SDG&E
2025 (excluding first six months of 2025)$206 $2 
2026289 4 
2027289 4 
2028242 4 
2029215 4 
Thereafter2,133 52 
Total revenues to be recognized
$3,374 $70 
(1)    Excludes intercompany transactions.
Schedule of Contract Liabilities
Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the six months ended June 30, 2025 or 2024.
CONTRACT LIABILITIES
(Dollars in millions)
20252024
Sempra:
Contract liabilities at January 1$(196)$(198)
Revenue from performance obligations satisfied during reporting period55 3 
Payments received in advance(1)(3)
Contract liabilities at June 30(1)
$(142)$(198)
SDG&E:
Contract liabilities at January 1$(72)$(75)
Revenue from performance obligations satisfied during reporting period2 2 
Contract liabilities at June 30(2)
$(70)$(73)
(1)     Balances at June 30, 2025 include $52 in Other Current Liabilities and $90 in Deferred Credits and Other.
(2)     Balances at June 30, 2025 include $4 in Other Current Liabilities and $66 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)
June 30, 2025December 31, 2024
Sempra:
Accounts receivable – trade, net(1)
$1,441 $1,787 
Accounts receivable – other, net14 12 
Due from unconsolidated affiliates – current(2)
3 4 
Other long-term assets(3)
18 18 
Total$1,476 $1,821 
SDG&E:
Accounts receivable – trade, net(1)
$714 $774 
Accounts receivable – other, net8 11 
Due from unconsolidated affiliates – current(2)
10 6 
Other long-term assets(3)
4 4 
Total$736 $795 
SoCalGas:
Accounts receivable – trade, net$610 $932 
Accounts receivable – other, net6 1 
Other long-term assets(3)
14 14 
Total$630 $947 
(1)     At June 30, 2025 and December 31, 2024, includes $148 and $144, 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.