Sempra Energy Financial Highlights Q2-2022 slide image

Sempra Energy Financial Highlights Q2-2022

SEMPRA CALIFORNIA | SOCALGAS (Unaudited, dollars in millions) SoCalGas GAAP Earnings Impacts Associated with Aliso Canyon Litigation¹ SoCalGas Adjusted Earnings² Q2-2022 adjusted earnings are higher than Q2-2021 earnings primarily due to: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 $ 87 $ 94 $ 421 $ 501 32 98 $ 119 $ 94 $ 519 $ 501 • $30M higher CPUC base operating margin, net of operating expenses, partially offset by $4M lower income tax benefits primarily from flow-through items 1. Related to property developer claims, four of which were settled in Q1 2022. 2. See Appendix for information regarding Adjusted Earnings, which represents a non-GAAP financial measure. SEMPRA 18
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