SPOTLIGHT | PORT ARTHUR LNG PHASE 1
2022 ADJUSTED EPS GUIDANCE RANGE
(UNAUDITED)
Sempra 2022 Adjusted EPS Guidance Range of $8.70 to $9.00 excludes items (after the effects of income taxes and, if applicable,
noncontrolling interests) as follows:
•
•
$(199)M from impacts associated with Aliso Canyon natural gas storage facility litigation and regulatory matters at SoCalGas
$(89)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated
derivatives in the nine months ended September 30, 2022
$(108)M million net unrealized losses on commodity derivatives in the nine months ended September 30, 2022
$(120)M deferred income tax expense associated with the change in our indefinite reinvestment assertion as a result of
progress in obtaining regulatory approvals necessary to close the sale of NCI to ADIA
Sempra 2022 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items
that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also
excludes the impact from foreign currency and inflation effects on our monetary positions in Mexico and associated undesignated
derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary
significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a
meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2022 Adjusted EPS
Guidance Range should not be considered an alternative to Sempra 2022 GAAP EPS Guidance Range. Non-GAAP financial
measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared
in accordance with GAAP. The table below reconciles Sempra 2022 Adjusted EPS Guidance Range to Sempra 2022 GAAP EPS
Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP.
Sempra GAAP EPS Guidance Range
Excluded items:
Impacts associated with Aliso Canyon litigation and regulatory matters
Impact from foreign currency and inflation on our monetary positions in
Mexico and associated undesignated derivatives
Net unrealized losses on commodity derivatives
Deferred income tax expense associated with the change in our
indefinite reinvestment assertion related to the sale of NCI to ADIA
Sempra Adjusted EPS Guidance Range
Weighted-average common shares outstanding, diluted (millions)
Full-Year 2022
$ 7.07 to $ 7.37
0.63
0.63
0.28
0.28
0.34
0.34
0.38
0.38
$ 8.70 to
$ 9.00
316
SEMPRA
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