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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
SEMPRA
Sempra is a holding company whose principal businesses are regulated utilities in California and Texas. Our businesses invest in and operate electric and gas utilities and other energy infrastructure that provide energy services to customers. Sempra has the following three operating and reportable segments, which are managed separately based on services provided, geographic location and regulatory framework:
▪Sempra California provides natural gas and electric service to Southern California and part of central California through Sempra’s wholly owned subsidiaries, SDG&E and SoCalGas, which are regulated public utilities.
▪Sempra Texas Utilities holds our equity method investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas; and our equity method investment in Sharyland Holdings, L.P., which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border.
▪Sempra Infrastructure includes the operating companies of SI Partners, in which Sempra Infrastructure owns a 70% interest, as well as a holding company and certain services companies. Sempra Infrastructure develops, constructs, operates and invests in energy infrastructure to help provide safe, sustainable and reliable access to cleaner energy in markets in the U.S., Mexico and globally.
Sempra’s CODM is its chief executive officer, who utilizes segment earnings attributable to common shares predominantly in the annual financial planning process to assess financial performance. Sempra’s CODM prioritizes resource allocation to each segment in a manner that aligns with Sempra’s capital expenditures plan.
Amounts labeled as “Parent and other,” which does not meet the definition of an operating or reportable segment, consist primarily of activities of parent organizations.
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)
September 30,
2026		December 31,
2025
ASSETS
Sempra California$61,989 $60,364 
Sempra Texas Utilities20,309 17,733 
Sempra Infrastructure35,654 32,796 
Segment totals117,952 110,893 
Parent and other1,245 1,084 
Intersegment eliminations(1)
(1,173)(1,099)
Total Sempra$118,024 $110,878 
EQUITY METHOD INVESTMENTS
Sempra Texas Utilities$20,145 $17,601 
Sempra Infrastructure(2)
16 17 
Segment totals/Total Sempra$20,161 $17,618 
Three months ended September 30,Nine months ended September 30,
2026202520262025
EQUITY EARNINGS
Equity earnings, before income tax:
Sempra Texas Utilities$2 $1 $6 $4 
Sempra Infrastructure141 132 452 439 
Segment totals143 133 458 443 
Equity earnings, net of income tax:
Sempra Texas Utilities460 306 977 661 
Sempra Infrastructure65 33 147 86 
Segment totals525 339 1,124 747 
Total Sempra$668 $472 $1,582 $1,190 
CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT
Sempra California$3,103 $3,334 
Sempra Infrastructure4,221 3,863 
Segment totals7,324 7,197 
Parent and other3 4 
Total Sempra$7,327 $7,201 
(1)     Primarily includes an intersegment loan from Sempra Infrastructure to Parent and other related to deferred income taxes.
(2)     At September 30, 2026 and December 31, 2025, $2,748 and $2,566, respectively, is included in Assets Held for Sale on the Sempra Condensed Consolidated Balance Sheets. The remaining $16 and $17 at September 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 InfrastructureSempra
Three months ended September 30, 2026
Revenues
$2,733 $474 
Operation and maintenance
(990)(221)
Depreciation and amortization(629)(4)
Gain on sales16 198 
Interest income
2 25 
Interest expense(2)
(250)114 
Income tax benefit (expense)39 (82)
Equity earnings$462 206 
Earnings attributable to noncontrolling interests(231)
Other segment items(3)
(698)(2)(133)
Segment earnings attributable to common shares$223 $460 $346 $1,029 
Parent and other(152)
Earnings attributable to common shares$877 
Three months ended September 30, 2025
Revenues
$2,613 $555 
Operation and maintenance
(1,047)(257)
Depreciation and amortization(591)(69)
Interest income
2 10 
Interest expense(2)
(234)(16)
Income tax benefit (expense)128 (792)
Equity earnings$307 165 
Earnings attributable to noncontrolling interests(55)
Other segment items(3)
(501)(1)(121)
Segment earnings attributable to common shares$370 $306 $(580)$96 
Parent and other(19)
Earnings attributable to common shares$77 
(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, regulatory disallowances, net, franchise fees and other taxes, other income (expense), net, and preferred deemed dividends for Sempra California; O&M and income tax benefit (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 InfrastructureSempra
Nine months ended September 30, 2026
Revenues
$8,475 $1,429 
Operation and maintenance
(3,001)(671)
Depreciation and amortization(1,853)(10)
Gain on sales16 198 
Interest income
9 84 
Interest expense(2)
(750)114 
Income tax expense(89)(253)
Equity earnings$983 599 
Earnings attributable to noncontrolling interests(479)
Earnings attributable to contingently redeemable noncontrolling interest(10)
Other segment items(3)
(1,567)(6)(163)
Segment earnings attributable to common shares$1,240 $977 $838 $3,055 
Parent and other(345)
Earnings attributable to common shares$2,710 
Nine months ended September 30, 2025
Revenues
$8,504 $1,511 
Operation and maintenance
(3,222)(644)
Depreciation and amortization(1,727)(223)
Interest income
7 34 
Interest expense(2)
(687)(87)
Income tax benefit (expense)63 (1,045)
Equity earnings$665 525 
Earnings attributable to noncontrolling interests(103)
Other segment items(3)
(1,585)(5)(330)
Segment earnings attributable to common shares$1,353 $660 $(362)$1,651 
Parent and other(207)
Earnings attributable to common shares$1,444 
(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, regulatory disallowances, net, franchise fees and other taxes, other income (expense), net, preferred deemed dividends, and preferred dividends for Sempra California; O&M, interest expense, and income tax benefit (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 CaliforniaSempra InfrastructureSempraSempra CaliforniaSempra Infrastructure Sempra
Three months ended September 30, 2026Three months ended September 30, 2025
Revenues from external customers:
Utilities$2,732 $9 $2,513 $15 
Energy-related businesses— 289 — 228 
Total revenues from external customers(1)
2,732 298 $3,030 2,513 243 $2,756 
Other revenues(2):
Utilities(3)— 95 — 
Energy-related businesses— 164 — 300 
Total other revenues(3)164 161 95 300 395 
Intersegment revenues(3):
Utilities4 — 5 — 
Energy-related businesses— 12 — 12 
Total intersegment revenues4 12 16 5 12 17 
Segment revenues$2,733 $474 3,207 $2,613 $555 3,168 
Intersegment eliminations(16)(17)
Revenues$3,191 $3,151 
Nine months ended September 30, 2026Nine months ended September 30, 2025
Revenues from external customers:
Utilities$8,512 $54 $8,412 $59 
Energy-related businesses— 691 — 666 
Total revenues from external customers(1)
8,512 745 $9,257 8,412 725 $9,137 
Other revenues(2):
Utilities(57)— 74 — 
Energy-related businesses— 643 — 742 
Total other revenues(57)643 586 74 742 816 
Intersegment revenues(3):
Utilities20 — 18 — 
Energy-related businesses— 41 — 44 
Total intersegment revenues20 41 61 18 44 62 
Segment revenues$8,475 $1,429 9,904 $8,504 $1,511 10,015 
Intersegment eliminations(61)(62)
Revenues$9,843 $9,953 
(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.
SDG&E
SDG&E is a regulated public utility that provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. SDG&E has one operating and reportable segment.
SDG&E’s CODM is its president, who utilizes earnings attributable to common shares to manage the business, assess performance and allocate resources.
Total assets at SDG&E are $33.7 billion and $32.7 billion at September 30, 2026 and December 31, 2025, respectively. 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 September 30,Nine months ended September 30,
2026202520262025
SDG&E:
Revenues from external customers:
Electric$1,493 $1,131 $3,932 $3,062 
Natural gas190 218 694 789 
Total revenues from external customers(1)
1,683 1,349 4,626 3,851 
Other revenues(2):
Electric(98)132 (146)300 
Natural gas25 (1)45 11 
Total other revenues(73)131 (101)311 
Total revenues1,610 1,480 4,525 4,162 
Operation and maintenance(438)(451)(1,268)(1,294)
Depreciation and amortization(353)(334)(1,028)(977)
Interest income1 — 5 2 
Interest expense(148)(141)(447)(415)
Income tax (expense) benefit(76)33 (184)12 
Other segment items(3)
(220)(263)(741)(710)
Earnings attributable to common shares$376 $324 $862 $780 
Capital expenditures for property, plant and equipment$1,599 $1,811 
(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, regulatory disallowances, net, franchise fees and other taxes, and other income (expense), net.
SOCALGAS
SoCalGas is a regulated public natural gas distribution utility, serving customers throughout most of Southern California and part of central California. SoCalGas has one operating and reportable segment.
Effective April 18, 2026, SoCalGas’ CODM is its president, who is serving in that capacity on an interim basis and utilizes earnings attributable to common shares to manage the business, assess performance and allocate resources.
Total assets at SoCalGas are $28.3 billion and $27.7 billion at September 30, 2026 and December 31, 2025, respectively. 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 September 30,Nine months ended September 30,
2026202520262025
SoCalGas:
Natural gas:
Revenues from external customers(1)
$1,101 $1,217 $4,042 $4,706 
Other revenues(2)
70 (36)44 (237)
Total revenues1,171 1,181 4,086 4,469 
Operation and maintenance(582)(623)(1,822)(2,002)
Depreciation and amortization(276)(257)(825)(750)
Interest income1 2 4 5 
Interest expense(102)(93)(303)(272)
Income tax benefit115 95 95 51 
Other segment items(3)
(480)(259)(857)(928)
(Loss) earnings attributable to common shares$(153)$46 $378 $573 
Capital expenditures for property, plant and equipment$1,504 $1,523 
(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, regulatory disallowances, franchise fees and other taxes, gain on sale, other income (expense), net, preferred deemed dividends, and preferred dividends.