Sempra Energy Financial Highlights Q2-2022 slide image

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 25
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