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Sempra Energy Business Segments

Business, geographic, and product segment breakdowns

Sempra Energy generates $13.4B in annual revenue across 2 key segments: Sempra California ($11.6B), and Sempra Infrastructure ($2.0B). Based on the Q1 2026 filing.

Sempra California (TTM)$11.6BSempra Infrastructure (TTM)$2.0B
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$59.8B
P/E Ratio25.98
ROE7.21%

Products & Services

Cost of Product and Service Sold

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Electricity Us Regulated$52.0M$91.0M$122.0M$120.0M$81.0M—
Natural Gasand Electricity US Regulated$119.0M$85.0M$117.0M—$76.0M—
Natural Gas Us Regulated$493.0M$183.0M$210.0M$396.0M$335.0M—

Revenues from contracts with customers

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Electricity$1.2B$939.0M$1.2B$1.1B$1.3B—
Energy Related Businesses$198.0M$240.0M$228.0M$245.0M$190.0M—
Natural Gas Gathering Transportation Marketing And Processing$2.5B$1.8B$1.5B$2.1B$2.1B—
Utilities Service Line$3.5B$2.5B$2.5B$3.0B$3.2B—

Business Segments

Change in unrealized gains (losses) relating to instruments still held at March 31

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$15.0M$3.0M$2.0M$4.0M$2.0M—

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$2.0M$2.0M$2.0M$2.0M$2.0M—

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$38.0M$39.0M$39.0M$41.0M$41.0M—

Realized and unrealized gains (losses), net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$15.0M$3.0M$2.0M$4.0M$2.0M—

CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$555.0M$715.0M$541.0M$616.0M$486.0M—
Sempra California$1.1B$1.2B$1.0B$1.2B$967.0M—
Sempra Infrastructure$1.2B$1.1B$1.5B$2.2B$1.5B—

D&A

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$320.0M$323.0M$334.0M$339.0M$344.0M—
Sempra California-$562.0M-$574.0M-$591.0M$4.1B-$617.0M—
Sempra Infrastructure-$76.0M-$78.0M-$69.0M$449.0M-$3.0M—

Earnings (Common)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$443.0M$175.0M$324.0M$0.0$424.0M—
Sempra California$724.0M$259.0M$370.0M$75.0M$720.0M—
Sempra Infrastructure$146.0M$72.0M-$580.0M—$262.0M—
Sempra Texas Utilities$146.0M$208.0M$306.0M$201.0M$171.0M—

Electric

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$1.1B$856.0M$1.1B$1.1B$1.2B—

Income tax expense (benefit)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$38.0M$7.0M-$95.0M-$78.0M$69.0M—
Sempra California$52.0M$13.0M-$128.0M-$103.0M$89.0M—
Sempra Infrastructure$22.0M$231.0M$792.0M$155.0M$14.0M—

Interest Expense, Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$135.0M$139.0M$141.0M$144.0M$147.0M—
Sempra California$225.0M$228.0M$234.0M$239.0M$244.0M—

Interest Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$2.0M$2.0M$2.0M$0.0$1.0M—
Sempra California$2.0M$3.0M$2.0M$1.0M$2.0M—
Sempra Infrastructure$19.0M$5.0M$10.0M$32.0M$33.0M—

Natural gas

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$2.1B$1.4B$1.2B$1.8B$1.7B—

Operating revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$2.0B$1.3B$1.5B$1.5B$1.7B—
Sempra California$3.5B$2.4B$2.5B$3.0B$3.2B—
Sempra Infrastructure$26.0M$18.0M$15.0M$19.0M$27.0M—

Other Cost and Expense, Operating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$757.0M———$621.0M—
Sempra California$1.2B———$1.0B—
Sempra Infrastructure$174.0M———$221.0M—

Other segment items

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment-$1.2B-$839.0M-$882.0M—-$294.0M—
Sempra California-$1.8B-$1.4B-$1.5B—-$547.0M—
Sempra Infrastructure-$299.0M-$297.0M-$378.0M—-$67.0M—
Sempra Texas Utilities-$2.0M-$2.0M-$1.0M-$3.0M-$2.0M—

Revenues from contracts with customers

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$1.4B$1.1B$1.3B$1.3B$1.6B—
Sempra California$3.5B$2.5B$2.6B$3.3B$3.2B—
Sempra Infrastructure$426.0M$530.0M$555.0M$454.0M$443.0M—

Total other revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment-$48.0M$194.0M$131.0M$255.0M$20.0M—
Sempra California-$62.0M$41.0M$95.0M$290.0M$11.0M—
Sempra Infrastructure$183.0M$259.0M$300.0M$178.0M$216.0M—

ASSETS

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$57.8B$57.9B$59.5B$60.4B$61.1B—
Sempra Infrastructure$24.1B$25.3B$30.1B$32.8B$33.8B—
Sempra Texas Utilities$16.0B$16.5B$17.2B$17.7B$18.6B—

Energy-related businesses

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$0.0$0.0$0.0$0.0$0.0—
Sempra Infrastructure$183.0M$259.0M$300.0M$178.0M$216.0M—

Other revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$0.0$0.0$0.0$0.0$0.0—
Sempra Infrastructure$182.0M$255.0M$299.0M$177.0M$213.0M—

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$3.4B$2.5B$2.6B$3.3B$3.2B—
Sempra Infrastructure$426.0M$530.0M$555.0M$454.0M$443.0M—

Unregulated Operating Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$0.0$0.0$0.0$0.0$0.0—
Sempra Infrastructure$198.0M$240.0M$228.0M$245.0M$190.0M—

Utilities

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California-$62.0M$41.0M$95.0M$290.0M$11.0M—
Sempra Infrastructure$0.0$0.0$0.0$0.0$0.0—

Utilities regulatory revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California-$62.0M$41.0M$95.0M$290.0M$11.0M—
Sempra Infrastructure$0.0$0.0$0.0$0.0$0.0—

Contributions from noncontrolling interests

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$34.0M———$41.0M—

Distributions from investments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$142.0M$142.0M$175.0M$175.0M$229.0M$229.0M

Distributions to Noncontrolling Interests

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$38.0M———$65.0M—

Equity earnings

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$177.0M$183.0M$165.0M$88.0M$194.0M—
Sempra Texas Utilities$148.0M$210.0M$307.0M—$173.0M—

Equity earnings, before income tax

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$139.0M$168.0M$132.0M—$146.0M—
Sempra Texas Utilities$2.0M$1.0M$1.0M—$2.0M—

Equity earnings, net of tax

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$146.0M$209.0M$306.0M—$171.0M—

Guarantees, carrying value

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$38.0M$39.0M$39.0M$41.0M$41.0M—

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$2.4B$2.5B$17.0M$17.0M$16.0M—
Sempra Texas Utilities$16.0B$16.5B$17.2B$17.6B$18.4B—

Liability cap (as a percent)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure1.300.000.000.001.30—

Maximum exposure under guarantor obligations

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$979.0M$979.0M$979.0M$979.0M$979.0M—

Net income, CRNCI (after tax)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure-$750.0K-$750.0K-$750.0K-$750.0K$6.0M—

Net income, Non-controlling interest (after tax)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$2.0M$46.0M$55.0M$135.0M$107.0M—

Ownership percentage in consolidated entity (in percentage)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure0.500.000.00—0.50—

Subsidiary, Ownership Percentage, Parent

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure0.700.700.700.700.70—
Sempra Texas Utilities0.800.800.801.000.80—

Investments made during period

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$486.0M$486.0M$519.0M$519.0M$876.0M$610.0M