NYSE: SRE
SEMPRACIK 0001032208 · SIC 4932 · Gas & Other Services Combined
Item 1. Business – Other Matters – Information About Our Executive Officers.” The other information required by this item is incorporated by reference from “Corporate Governance” and “Proposal 1: Election of Directors” in the proxy statement to be filed for the May 2026 annual meeting of… About this business →
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Sempra Q2 FY26: Net income +68.5% to $797.0M; PA LNG Phase 2 FID reached, Blackstone invests
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Sempra names infrastructure chief Justin Bird as CFO, effective Q3 2026
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Sempra utilities file rate case seeking 5.5%–8.7% annual increases through 2031
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Sempra closes $1B floating-rate notes offering due 2028 at SOFR+67bp
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Sempra offers floating rate notes due 2028 at SOFR plus undisclosed spread; size not disclosed
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Sempra subsidiary closes $650M 30-year bond offering at 5.900%
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Sempra subsidiary SoCalGas issues $650M in 30-year bonds at 5.900%
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Latest financial statements
From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Statements of Operations
(Dollars in millions)
| Description | Three months ended June 30, 2026 (unaudited) | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Operating revenues: | ||||
| Electric | 1,163 | 1,034 | 2,391 | 2,098 |
| Natural gas | 205 | 228 | 524 | 584 |
| Total operating revenues | 1,368 | 1,262 | 2,915 | 2,682 |
| Operating expenses: | ||||
| Cost of electric fuel and purchased power | 135 | 106 | 229 | 179 |
| Cost of natural gas | 22 | 44 | 112 | 131 |
| Operation and maintenance | 407 | 403 | 830 | 843 |
| Depreciation and amortization | 331 | 323 | 675 | 643 |
| Franchise fees and other taxes | 119 | 98 | 242 | 208 |
| Total operating expenses | 1,014 | 974 | 2,088 | 2,004 |
| Operating income | 354 | 288 | 827 | 678 |
| Other income, net | 24 | 31 | 62 | 71 |
| Interest income | 3 | 2 | 4 | 2 |
| Interest expense | (152) | (139) | (299) | (274) |
| Income before income taxes | 229 | 182 | 594 | 477 |
| Income tax expense | (39) | (7) | (108) | (21) |
| Net income/Earnings attributable to common shares | 190 | 175 | 486 | 456 |
Condensed Consolidated Balance Sheets
(Dollars in millions)
| Description | June 30, 2026 | June 30, 2026 | June 30, 2026 | June 30, 2026 |
|---|---|---|---|---|
| Current assets | ||||
| Other current assets | ||||
| Sempra: | ||||
| Derivatives designated as hedging instruments: | ||||
| Interest rate instruments | 26 | — | ||
| Foreign exchange instruments | — | (7) | ||
| Derivatives not designated as hedging instruments: | ||||
| Interest rate instruments | 173 | — | ||
| Foreign exchange instruments | 1 | (3) | (2) | |
| Commodity contracts not subject to rate recovery | 69 | (19) | ||
| Associated offsetting commodity contracts | (4) | 4 | ||
| Commodity contracts subject to rate recovery | 36 | 16 | (53) | (17) |
| Associated offsetting commodity contracts | (29) | (6) | 29 | 6 |
| Associated offsetting cash collateral | — | — | 9 | 2 |
| Net amounts presented on the balance sheet | 7 | 265 | 10 | (17) |
| Additional cash collateral for commodity contracts not subject to rate recovery | 83 | — | ||
| Additional cash collateral for commodity contracts subject to rate recovery | 29 | — | — | — |
| Total | 36 | 348 | 10 | (17) |
| SDG&E: | ||||
| Derivatives not designated as hedging instruments: | ||||
| Commodity contracts subject to rate recovery | 3 | 12 | (9) | (4) |
| Associated offsetting commodity contracts | — | (2) | — | 2 |
| Associated offsetting cash collateral | — | — | 9 | 2 |
| Net amounts presented on the balance sheet | 3 | 10 | — | — |
| Additional cash collateral for commodity contracts subject to rate recovery | 28 | — | — | — |
| Total | 31 | 10 | — | — |
| SoCalGas: | ||||
| Derivatives not designated as hedging instruments: | ||||
| Commodity contracts subject to rate recovery | 33 | 4 | (44) | (13) |
| Associated offsetting commodity contracts | (29) | (4) | 29 | 4 |
| Net amounts presented on the balance sheet | 4 | — | (15) | (9) |
| Additional cash collateral for commodity contracts subject to rate recovery | 1 | — | — | — |
| Total | 5 | — | (15) | (9) |
Condensed Statements of Cash Flows
(Dollars in millions)
| Description | Six months ended June 30, 2026 (unaudited) | Six months ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | 486 | 456 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 675 | 643 |
| Deferred income taxes and investment tax credits | 34 | (1) |
| Bad debt expense | 35 | 22 |
| Other | (10) | (22) |
| Net change in working capital components | (86) | (200) |
| Changes in noncurrent assets and liabilities, net | (14) | (33) |
| Net cash provided by operating activities | 1,120 | 865 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Expenditures for property, plant and equipment | (934) | (1,270) |
| Purchases of nuclear decommissioning trust assets | (504) | (469) |
| Proceeds from sales of nuclear decommissioning trust assets | 516 | 499 |
| Other | 13 | — |
| Net cash used in investing activities | (909) | (1,240) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Issuances of debt (maturities greater than 90 days) | 1,096 | 848 |
| Payments on debt (maturities greater than 90 days) and finance leases | (774) | (21) |
| Decrease in short-term debt, net | (529) | (417) |
| Debt issuance costs | (10) | (7) |
| Net cash (used in) provided by financing activities | (217) | 403 |
| (Decrease) increase in cash and cash equivalents | (6) | 28 |
| Cash and cash equivalents, January 1 | 7 | — |
| Cash and cash equivalents, June 30 | 1 | 28 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||
| Interest payments, net of amounts capitalized | 281 | 258 |
| Income tax payments, net of refunds | 120 | 17 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES | ||
| Accrued capital expenditures for PP&E | 185 | 220 |
| Increase in finance lease obligations capitalized to PP&E | 7 | 4 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in millions). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
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About SEMPRA
Source: Item 1 (Business) from the 10-K filed February 26, 2026. Description as filed by the company with the SEC.
Item 1. Business – Other Matters – Information About Our Executive Officers.” The other information required by this item is incorporated by reference from “Corporate Governance” and “Proposal 1: Election of Directors” in the proxy statement to be filed for the May 2026 annual meeting of shareholders for Sempra and from the information statement to be filed for the June 2026 annual meeting of shareholders for SoCalGas. In all cases, only the specific information that is expressly required by this item is incorporated herein by reference. Sempra’s insider trading and information confidentiality policy is incorporated by reference as Exhibit 19.1 to this report.