SEMPRA 5-Year Capital Plan
Q1-2023 Adjusted Earnings Drivers
1.
2.
$924M
($32M)
$14M
($35M)
$71M
($56M)
Higher Net
Interest
Expense +
Lower
Income Tax
Benefits
Higher Base
Operating
Margin +
Lower Equity
Earnings from
Higher NCI²
Higher
Regulatory
Depreciation
Interest
Income
Higher
Transportation
Earnings +
Interest and
O&M Expense
Asset
Q1-20221
SEMPRA
CALIFORNIA
+ Lower
Consumption²
SEMPRA
TEXAS
$36M
Optimization +
Higher Net
Interest +
Lower Net
Income Tax
Benefit²
Return on
Investment
for Certain
Benefit
Plans +
Higher Net
Interest
Expense +
Other
SEMPRA
INFRASTRUCTURE
$922M
Q1-20231
Other
See Appendix for information regarding Adjusted Earnings, which is a non-GAAP financial measure. GAAP Earnings for Sempra for Q1-2022 and Q1-2023 were $612M and
$969M, respectively.
See Appendix for information regarding Adjusted Earnings Drivers at Sempra Texas and Sempra Infrastructure, which are non-GAAP financial measures. GAAP Earnings at
Sempra Texas were $79M lower. GAAP Earnings Drivers from higher NCI and Higher Transportation Earnings + Asset Optimization + Higher Net Interest + Lower Net Income Tax
Benefit at Sempra Infrastructure were $158M and $444M, respectively.
SEMPRA 12View entire presentation