v3.26.1
CONDENSED BALANCE SHEETS - SoCalGas - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 48 $ 29 [1]
Accounts receivable – trade, net 1,442 1,767 [1]
Accounts receivable – other, net 190 157 [1]
Due from unconsolidated affiliates 45 0 [1]
Inventories 496 561 [1]
Regulatory assets 511 761 [1]
Greenhouse gas allowances 196 203 [1]
Other current assets 169 262 [1]
Total current assets 36,290 34,837 [1]
Other assets:    
Regulatory assets 4,297 3,868 [1]
Greenhouse gas allowances 1,498 1,221 [1]
Right-of-use assets – operating leases 1,279 1,262 [1]
Other long-term assets 1,247 1,300 [1]
Total other assets 29,255 27,030 [1]
Property, plant and equipment:    
Property, plant and equipment 68,371 66,900 [1]
Less accumulated depreciation and amortization (18,635) (17,889) [1]
Property, plant and equipment, net 49,736 49,011 [1]
Total assets 115,281 110,878 [1]
Current liabilities:    
Short-term debt 3,566 4,166 [1]
Accounts payable – trade 1,225 1,461 [1]
Accounts payable – other 198 203 [1]
Accrued compensation and benefits 358 521 [1]
Current portion of long-term debt and finance leases 2,075 1,876 [1]
Greenhouse gas obligations 196 203 [1]
Total current liabilities 22,105 21,894 [1]
Long-term debt and finance leases 31,023 28,979 [1]
Deferred credits and other liabilities:    
Regulatory liabilities 4,396 4,250 [1]
Greenhouse gas obligations 1,164 957 [1]
Pension obligation, net of plan assets 119 124 [1]
Deferred income taxes 6,505 6,127 [1]
Asset retirement obligations 3,816 3,743 [1]
Deferred credits and other 2,847 2,805 [1]
Total deferred credits and other liabilities 18,847 18,006 [1]
Commitments and contingencies [1]
Equity:    
Common stock 14,763 14,699 [1]
Retained earnings 18,066 17,092 [1]
Accumulated other comprehensive income (loss) (144) (197) [1]
Total shareholders’ equity 32,685 31,594 [1]
Total liabilities, contingently redeemable noncontrolling interest, and equity 115,281 110,878 [1]
Related Party    
Current assets:    
Due from unconsolidated affiliates 45 0
Current liabilities:    
Other current liabilities 0 8 [1]
Nonrelated Party    
Current liabilities:    
Other current liabilities 685 979 [1]
SoCalGas    
Current assets:    
Cash and cash equivalents 2 14 [2]
Accounts receivable – trade, net 558 958 [2]
Accounts receivable – other, net 83 61 [2]
Due from unconsolidated affiliates 5 8 [2]
Inventories 232 294 [2]
Regulatory assets 175 328 [2]
Greenhouse gas allowances 172 175 [2]
Other current assets 74 91 [2]
Total current assets 1,301 1,929 [2]
Other assets:    
Regulatory assets 2,215 1,888 [2]
Greenhouse gas allowances 1,195 935 [2]
Right-of-use assets – operating leases 126 68 [2]
Other long-term assets 692 738 [2]
Total other assets 4,228 3,629 [2]
Property, plant and equipment:    
Property, plant and equipment 31,680 31,078 [2]
Less accumulated depreciation and amortization (9,282) (8,948) [2]
Property, plant and equipment, net 22,398 22,130 [2]
Total assets 27,927 27,688 [2]
Current liabilities:    
Short-term debt 500 903 [2]
Accounts payable – trade 467 727 [2]
Accounts payable – other 154 161 [2]
Accrued compensation and benefits 166 219 [2]
Current portion of long-term debt and finance leases 725 529 [2]
Greenhouse gas obligations 172 175 [2]
Asset retirement obligations 95 98 [2]
Total current liabilities 2,617 3,383 [2]
Long-term debt and finance leases 7,550 7,619 [2]
Deferred credits and other liabilities:    
Regulatory liabilities 1,284 1,290 [2]
Greenhouse gas obligations 1,010 820 [2]
Pension obligation, net of plan assets 18 18 [2]
Deferred income taxes 2,481 2,271 [2]
Asset retirement obligations 3,064 2,994 [2]
Deferred credits and other 536 457 [2]
Total deferred credits and other liabilities 8,393 7,850 [2]
Commitments and contingencies [2]
Equity:    
Preferred stock 22 22 [2]
Common stock 2,316 2,316 [2]
Retained earnings 7,046 6,515 [2]
Accumulated other comprehensive income (loss) (17) (17) [2]
Total shareholders’ equity 9,367 8,836 [2]
Total liabilities, contingently redeemable noncontrolling interest, and equity 27,927 27,688 [2]
SoCalGas | Related Party    
Current assets:    
Due from unconsolidated affiliates 5 8
Current liabilities:    
Other current liabilities 63 35 [2]
SoCalGas | Nonrelated Party    
Current liabilities:    
Other current liabilities $ 275 $ 536 [2]
[1] Derived from audited financial statements.
[2] Derived from audited financial statements.