| 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, 2026 | | | | By major service line: | | | | | | | | | | | Utilities | $ | 3,220 | | | $ | 27 | | | $ | (9) | | | $ | 3,238 | | | | | Energy-related businesses | — | | | 203 | | | (13) | | | 190 | | | | | Revenues from contracts with customers | $ | 3,220 | | | $ | 230 | | | $ | (22) | | | $ | 3,428 | | | | | By market: | | | | | | | | | | | Gas | $ | 1,988 | | | $ | 135 | | | $ | (7) | | | $ | 2,116 | | | | | Electric | 1,232 | | | 95 | | | (15) | | | 1,312 | | | | | Revenues from contracts with customers | $ | 3,220 | | | $ | 230 | | | $ | (22) | | | $ | 3,428 | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 3,220 | | | $ | 230 | | | $ | (22) | | | $ | 3,428 | | | | | Utilities regulatory revenues | 11 | | | — | | | — | | | 11 | | | | | Other revenues | — | | | 213 | | | 3 | | | 216 | | | | | Total revenues | $ | 3,231 | | | $ | 443 | | | $ | (19) | | | $ | 3,655 | | | | | | | | | | | | | | | 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 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | DISAGGREGATED REVENUES | | (Dollars in millions) | | | | | | SDG&E | | SoCalGas | | Three months ended March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | By major service line: | | | | | | | | | Revenues from contracts with customers – Utilities | $ | 1,556 | | | $ | 1,434 | | | $ | 1,708 | | | $ | 2,068 | | | By market: | | | | | | | | | Gas | $ | 321 | | | $ | 359 | | | $ | 1,708 | | | $ | 2,068 | | | Electric | 1,235 | | | 1,075 | | | — | | | — | | | Revenues from contracts with customers | $ | 1,556 | | | $ | 1,434 | | | $ | 1,708 | | | $ | 2,068 | | | | | | | | | | | Revenues from contracts with customers | $ | 1,556 | | | $ | 1,434 | | | $ | 1,708 | | | $ | 2,068 | | | Utilities regulatory revenues | (9) | | | (14) | | | 20 | | | (48) | | | Total revenues | $ | 1,547 | | | $ | 1,420 | | | $ | 1,728 | | | $ | 2,020 | |
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| 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, 2026 or 2025. | | | | | | | | | | | | | CONTRACT LIABILITIES | | (Dollars in millions) | | 2026 | | 2025 | | Sempra: | | | | | Contract liabilities at January 1 | $ | (68) | | | $ | (196) | | Revenue from performance obligations satisfied during reporting period(1) | 1 | | | 28 | | Payments received in advance(1) | — | | | (1) | | | | | | Contract liabilities at March 31(2) | $ | (67) | | | $ | (169) | | | SDG&E: | | | | | Contract liabilities at January 1 | $ | (68) | | | $ | (72) | | | Revenue from performance obligations satisfied during reporting period | 1 | | | 1 | | Contract liabilities at March 31(2) | $ | (67) | | | $ | (71) | |
(1) Includes negligible activities in 2026 within the disposal group that is classified as held for sale. (2) Balance at March 31, 2026 includes $4 in Other Current Liabilities and $63 in Deferred Credits and Other.
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| 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, 2026 | | December 31, 2025 | | | Sempra: | | | | | Accounts receivable – trade, net(1) | $ | 1,603 | | | $ | 1,767 | | | | Accounts receivable – other, net | 22 | | | 22 | | | | Assets held for sale | 91 | | | 77 | | | Other long-term assets(2) | 21 | | | 21 | | | | Total | $ | 1,737 | | | $ | 1,887 | | | | SDG&E: | | | | | Accounts receivable – trade, net(1) | $ | 897 | | | $ | 809 | | | | Accounts receivable – other, net | 18 | | | 18 | | | Due from unconsolidated affiliates – current(3) | 11 | | | 11 | | | Other long-term assets(2) | 4 | | | 3 | | | | Total | $ | 930 | | | $ | 841 | | | | SoCalGas: | | | | | | Accounts receivable – trade, net | $ | 706 | | | $ | 958 | | | | Accounts receivable – other, net | 4 | | | 4 | | | Other long-term assets(2) | 17 | | | 18 | | | | Total | $ | 727 | | | $ | 980 | | |
(1) At March 31, 2026 and December 31, 2025, includes $135 and $152, respectively, of receivables due from customers that were billed on behalf of CCAs, which are not included in revenues. (2) In 2024, the CPUC directed SDG&E and SoCalGas to offer long-term payment plans to eligible residential customers with past-due balances. (3) Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.
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