REVENUES (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

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, 2024
By major service line:
Utilities	$	3,479	$	30	$	(6)	$	3,503
Energy-related businesses	—		212		(18)		194
Revenues from contracts with customers	$	3,479	$	242	$	(24)	$	3,697
By market:
Gas	$	2,350	$	125	$	(5)	$	2,470
Electric	1,129		117		(19)		1,227
Revenues from contracts with customers	$	3,479	$	242	$	(24)	$	3,697

Revenues from contracts with customers	$	3,479	$	242	$	(24)	$	3,697
Utilities regulatory revenues	(338)		—		—		(338)
Other revenues	—		277		4		281
Total revenues	$	3,141	$	519	$	(20)	$	3,640

	Three months ended March 31, 2023
By major service line:
Utilities	$	5,574	$	30	$	(6)	$	5,598
Energy-related businesses	—		312		(21)		291
Revenues from contracts with customers	$	5,574	$	342	$	(27)	$	5,889
By market:
Gas	$	4,365	$	204	$	(5)	$	4,564
Electric	1,209		138		(22)		1,325
Revenues from contracts with customers	$	5,574	$	342	$	(27)	$	5,889

Revenues from contracts with customers	$	5,574	$	342	$	(27)	$	5,889
Utilities regulatory revenues	(159)		—		—		(159)
Other revenues	—		854		(24)		830
Total revenues	$	5,415	$	1,196	$	(51)	$	6,560


DISAGGREGATED REVENUES
(Dollars in millions)
	SDG&E				SoCalGas
	Three months ended March 31,
	2024		2023		2024		2023
By major service line:
Revenues from contracts with customers – Utilities	$	1,462	$	1,765	$	2,060	$	3,841
By market:
Gas	$	330	$	554	$	2,060	$	3,841
Electric	1,132		1,211		—		—
Revenues from contracts with customers	$	1,462	$	1,765	$	2,060	$	3,841

Revenues from contracts with customers	$	1,462	$	1,765	$	2,060	$	3,841
Utilities regulatory revenues	(83)		(112)		(255)		(47)
Total revenues	$	1,379	$	1,653	$	1,805	$	3,794

Schedule of Timing of Remaining Performance Obligations

For contracts greater than one year, at March 31, 2024, 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 March 31, 2024.


REMAINING PERFORMANCE OBLIGATIONS(1)
(Dollars in millions)
	Sempra		SDG&E
2024 (excluding first three months of 2024)	$	209	$	2
2025	263		4
2026	263		4
2027	263		4
2028	195		4
Thereafter	1,767		56
Total revenues to be recognized	$	2,960	$	74

(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 three months ended March 31, 2024 or 2023. Sempra Infrastructure recorded a contract liability for funds held as collateral in lieu of a customer’s letters of credit primarily associated with its LNG storage and regasification agreement.


CONTRACT LIABILITIES
(Dollars in millions)
	2024		2023
Sempra:
Contract liabilities at January 1	$	(198)	$	(252)
Revenue from performance obligations satisfied during reporting period	2		2
Payments received in advance	(3)		—
Contract liabilities at March 31(1)	$	(199)	$	(250)
SDG&E:
Contract liabilities at January 1	$	(75)	$	(79)
Revenue from performance obligations satisfied during reporting period	1		1
Contract liabilities at March 31(2)	$	(74)	$	(78)

(1) Balances at March 31, 2024 include $5 in Other Current Liabilities and $194 in Deferred Credits and Other.

(2) Balances at March 31, 2024 include $4 in Other Current Liabilities and $70 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)
	March 31, 2024		December 31, 2023
Sempra:
Accounts receivable – trade, net(1)	$	1,891	$	1,951
Accounts receivable – other, net	22		15
Due from unconsolidated affiliates – current(2)	5		4
Other long-term assets(3)	17		—
Total	$	1,935	$	1,970
SDG&E:
Accounts receivable – trade, net(1)	$	818	$	870
Accounts receivable – other, net	20		13
Due from unconsolidated affiliates – current(2)	7		6
Other long-term assets(3)	7		—
Total	$	852	$	889
SoCalGas:
Accounts receivable – trade, net	995		985
Accounts receivable – other, net	2		2
Other long-term assets(3)	10		—
Total	$	1,007	$	987

(1) At March 31, 2024 and December 31, 2023, includes $125 and $148, 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 until October 2026.