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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$52M$91M$122M$120M$81M—
Natural Gasand Electricity US Regulated$119M$85M$117M$46M$76M—
Natural Gas Us Regulated$493M$183M$210M$396M$335M—

Revenues from contracts with customers

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Electricity$1.2B$939M$1.2B$1.1B$1.3B—
Energy Related Businesses$198M$240M$228M$245M$190M—
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$3B$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$15M$3M$2M$4M$2M—

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

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$2M$2M$2M$2M$2M—

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

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$38M$39M$39M$41M$41M—

Realized and unrealized gains (losses), net

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other Sempra$15M$3M$2M$4M$2M—

CAPITAL EXPENDITURES FOR PROPERTY, PLANT AND EQUIPMENT

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$555M$715M$541M$616M$486M—
Sempra California$1.1B$1.2B$1B$1.2B$967M—
Sempra Infrastructure$1.2B$1.1B$1.5B$2.2B$1.5B—

D&A

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$320M$323M$334M$339M$344M—
Sempra California-$562M-$574M-$591M$4.1B-$617M—
Sempra Infrastructure-$76M-$78M-$69M$449M-$3M—

Earnings (Common)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$443M$175M$324M$85M$424M—
Sempra California$724M$259M$370M$75M$720M—
Sempra Infrastructure$146M$72M-$580M—$262M—
Sempra Texas Utilities$146M$208M$306M$201M$171M—

Electric

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$1.1B$856M$1.1B$1.1B$1.2B—

Income tax expense (benefit)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$38M$7M-$95M-$77M$69M—
Sempra California$52M$13M-$128M-$103M$89M—
Sempra Infrastructure$22M$231M$792M$155M$14M—

Interest Expense, Nonoperating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$135M$139M$141M$144M$147M—
Sempra California$225M$228M$234M$239M$244M—

Interest Income

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$2M$2M$2M$1M$1M—
Sempra California$2M$3M$2M$1M$2M—
Sempra Infrastructure$19M$5M$10M$32M$33M—

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$2B$1.3B$1.5B$1.8B$1.7B—
Sempra California$3.5B$2.4B$2.5B$3B$3.2B—
Sempra Infrastructure$26M$18M$15M$19M$27M—

Other Cost and Expense, Operating

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment$757M———$621M—
Sempra California$1.2B———$1B—
Sempra Infrastructure$174M———$221M—

Other segment items

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment-$452M-$839M-$882M—-$294M—
Sempra California-$665M-$1.4B-$1.5B—-$547M—
Sempra Infrastructure-$125M-$297M-$378M—-$67M—
Sempra Texas Utilities-$2M-$2M-$1M-$3M-$2M—

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$426M$530M$555M$454M$443M—

Total other revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Reportable Segment-$48M$194M$131M$221M$20M—
Sempra California-$62M$41M$95M$290M$11M—
Sempra Infrastructure$183M$259M$300M$178M$216M—

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$16B$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—
Sempra Infrastructure$183M$259M$300M$178M$216M—

Other revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$0$0$0$0$0—
Sempra Infrastructure$182M$255M$299M$177M$213M—

Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$3.4B$2.5B$2.6B$3.3B$3.2B—
Sempra Infrastructure$426M$530M$555M$454M$443M—

Unregulated Operating Revenue

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California$0$0$0$0$0—
Sempra Infrastructure$198M$240M$228M$245M$190M—

Utilities

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California-$62M$41M$95M$290M$11M—
Sempra Infrastructure$0$0$0$0$0—

Utilities regulatory revenues

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra California-$62M$41M$95M$290M$11M—
Sempra Infrastructure$0$0$0$0$0—

Contributions from noncontrolling interests

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$34M———$41M—

Distributions from investments

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$142M$142M$175M$175M$229M$229M

Distributions to Noncontrolling Interests

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$38M———$65M—

Equity earnings

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$177M$183M$165M$210M$194M—
Sempra Texas Utilities$148M$210M$307M$204M$173M—

Equity earnings, before income tax

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$139M$168M$132M—$146M—
Sempra Texas Utilities$2M$1M$1M—$2M—

Equity earnings, net of tax

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$146M$209M$306M—$171M—

Guarantees, carrying value

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$38M$39M$39M$17M$41M—

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

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$2.4B$2.5B$17M$17M$16M—
Sempra Texas Utilities$16B$16.5B$17.2B$17.6B$18.4B—

Liability cap (as a percent)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure130.0%———130.0%—

Maximum exposure under guarantor obligations

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$979M$979M$979M$979M$979M—

Net income, CRNCI (after tax)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure-$750K-$750K-$750K-$750K$6M—

Net income, Non-controlling interest (after tax)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure$2M$46M$55M$135M$107M—

Ownership percentage in consolidated entity (in percentage)

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure50.2%———50.2%—

Subsidiary, Ownership Percentage, Parent

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Infrastructure70.0%70.0%70.0%70.0%70.0%—
Sempra Texas Utilities80.3%80.3%80.3%100.0%80.3%—

Investments made during period

SegmentQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sempra Texas Utilities$486M$486M$519M$519M$876M$610M