Sempra Energy Financial Highlights Q2-2022
ADJUSTED EARNINGS (LOSSES) BY
BUSINESS UNITS (UNAUDITED)
1
Three months ended June 30, 2022
(Dollars in millions)
GAAP Earnings (Losses)
Sempra
Sempra
SDG&E
SoCalGas
California Texas Utilities
$
176 $
Impacts associated with Aliso Canyon litigation, net of $13 income tax benefit
87 $
32
263 $
32
Sempra
Infrastructure
186 $
Parent & Other
183 $
(73) $
Sempra
Consolidated
559
32
32
Impact from foreign currency and inflation on our monetary positions in Mexico and associated
undesignated derivatives, net of $14 income tax expense and ($2) for NCI
14
2
16
Net unrealized losses on commodity derivatives, net of $5 income tax benefit and $6 for NCI
Adjusted Earnings (Losses)
$
176 $
119 $
295 $
186 $
19
216 $
19
(71) $
626
Three months ended June 30, 2021
SDG&E
SoCalGas
Sempra
California
Sempra
Texas Utilities
Sempra
Infrastructure
GAAP Earnings (Losses)
$
186 $
94 $
280 $
138 $
Parent & Other
53 $
(47) $
Sempra
Consolidated
424
Impact from foreign currency and inflation on our monetary positions in Mexico and associated
undesignated derivatives, net of $83 income tax expense and ($13) for NCI
Net unrealized losses on commodity derivatives, net of $22 income tax benefit and $1 for NCI
Earnings from investment in RBS Sempra Commodities LLP
Adjusted Earnings (Losses)
72
58
(50)
(50)
$
186 $
94 $
280 $
138 $
183 $
(97) $
504
72
58
GAAP Earnings (Losses).
Impacts associated with Aliso Canyon litigation, net of $39 income tax benefit
Six months ended June 30, 2022
SDG&E
SoCalGas
Sempra
California
Sempra
Texas Utilities
Sempra
Infrastructure
$
410 $
421 $
98
831 $
348 $
278
$
Parent & Other
(286) $
Sempra
Consolidated
1,171
98
98
Impact from foreign currency and inflation on our monetary positions in Mexico and associated
undesignated derivatives, net of $84 income tax expense and ($22) for NCI
Net unrealized losses on commodity derivatives, net of $25 income tax benefit and ($11) for NCI
Deferred income tax expense associated with the change in our indefinite reinvestment assertion related
to the sale of NCI to ADIA
89
2
91
70
70
Adjusted Earnings (Losses)
$
410 $
519 $
929 $
348 $
437 $
120
(164) $
120
1,550
Six months ended June 30, 2021
SDG&E
SoCalGas
Sempra
California
GAAP Earnings (Losses)
$
398 $
501 $
899 $
Sempra
Texas Utilities
273 $
Sempra
Infrastructure
Parent & Other
255 $
(129) $
Sempra
Consolidated
1,298
Impact from foreign currency and inflation on our monetary positions in Mexico and associated
undesignated derivatives, net of $41 income tax expense and ($4) for NCI
Net unrealized losses on commodity derivatives, net of $35 income tax benefit and ($3) for NCI
Earnings from investment in RBS Sempra Commodities LLP
Adjusted Earnings (Losses)
69
87
69
87
(50)
(50)
$
398 $
501 $
899 $
273 $
411 $
(179) $
1,404
1. Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the
equity earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction
will reduce United Kingdom taxes.
SEMPRA
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