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INTEREST IN THE MASTER TRUST
 12 Months Ended
Dec. 31, 2025
Southern California Gas Company Retirement Savings Plan 002  
EBP, Master Trust [Line Items]  
INTEREST IN THE MASTER TRUST
4.    INTEREST IN THE MASTER TRUST
The Plan’s investment consists of a divided interest, as discussed below, in the Master Trust. A portion of this interest in the Master Trust is held in a trust account at TRP and the remainder is held in a trust account at the Northern Trust Company, who acts as an agent for TRP and is the custodian of the custom investment funds, except the U.S. Large Cap Equity Fund for which TRP is the custodian. Use of the Master Trust permits the commingling of the trust assets of this and other similar employee benefit plans sponsored by Sempra or an affiliate for investment and administrative purposes. The Plan’s interest in the Master Trust is based on the individual Plan participants’ investment balances (divided interest). Investment income (loss) is allocated by the Trustee on a daily basis through a valuation of the Master Trust’s investments and each individual Plan participant’s share of each investment. Administrative expenses of the Master Trust are allocated to the Plan based upon each individual Plan participant’s share of each investment or the participant’s transaction in a specific investment.
The net assets available for benefits of the Master Trust at December 31, 2025 and 2024 are summarized as follows (dollars in thousands):

December 31, 2025
Plan’s Interest
Master Trustin Master Trust
BalancesBalances
Sempra common stock$1,034,401 $592,932 
Mutual funds442,746 249,340 
Common/collective trusts4,474,698 2,351,193 
Master Trust investments5,951,845 3,193,465 
Plus:
Non-interest bearing cash778 523 
Dividends receivable7,639 4,378 
Employer contributions receivable2 — 
Participant contributions receivable1 — 
Net assets available for benefits of the Master Trust$5,960,265 $3,198,366 
December 31, 2024
Plan’s Interest
Master Trustin Master Trust
BalancesBalances
Sempra common stock$1,165,804 $665,310 
Mutual funds400,835 216,826 
Common/collective trusts4,040,716 2,130,855 
Master Trust investments5,607,355 3,012,991 
Plus:
Non-interest bearing cash50 49 
Dividends receivable8,271 4,721 
Employer contributions receivable3 — 
Participant contributions receivable— — 
Net assets available for benefits of the Master Trust$5,615,679 $3,017,761 
Net appreciation in fair value of investments and dividend income for the Master Trust for the year ended December 31, 2025, are as follows (dollars in thousands):
Year Ended December 31, 2025
Net appreciation (depreciation) in fair value of investments:
Sempra common stock$(1,156)
Mutual funds42,113 
Common/collective trusts637,142 
Net appreciation in fair value of investments$678,099 
Dividend income$37,749