Adjusted Earnings and Adjusted EPS Presentation slide image

Adjusted Earnings and Adjusted EPS Presentation

Adjusted Earnings (Losses) by Business Units (Unaudited) 1 Three months ended September 30, 2023 (Dollars in millions) GAAP Earnings (Losses) SDGE SoCalGas Sempra California Sempra Texas Utilities Sempra Infrastructure Parent & Other Total Sempra $ 274 $ 16 $ 290 $ 305 $ 223 $ (97) $ 721 Impact from foreign currency and inflation on our monetary positions in Mexico, net of $49 income tax benefit and $16 for NCI (36) (36) Net unrealized gains on commodity derivatives, net of $2 income tax expense Adjusted Earnings (Losses) $ 274 $ 16 $ 290 $ 305 $ 187 $ (97) $ 685 GAAP Earnings (Losses) Impact associated with Aliso Canyon litigation and regulatory matters, net of $21 income tax benefit Impact from foreign currency and inflation on our monetary positions in Mexico, net of $4 income tax benefit and $1 for NCI Net unrealized losses on commodity derivatives, net of $17 income tax benefit and ($22) for NCI Adjusted Earnings (Losses) SDGE SoCalGas Sempra California Sempra Texas Utilities Three months ended September 30, 2022 Sempra Infrastructure $ 271 $ (82) $ 101 189 $ 256 $ 101 Parent & Other Total Sempra 114 $ (74) $ 485 101 (2) (2) 38 38 $ 271 $ 19 $ 290 $ 256 $ 150 $ (74) $ 622 SDGE SoCalGas Nine months ended September 30, 2023 Sempra Sempra Texas Sempra California Utilities Infrastructure Parent & Other Total Sempra GAAP Earnings (Losses) $ 716 $ 531 $ 1,247 $ 548 $ 746 $ (248) $ 2,293 Equity losses from a write-off of rate base disallowances resulting from the PUCT's final order in Oncor's comprehensive base rate review 44 44 Impact from foreign currency and inflation on our monetary positions in Mexico, net of $203 income tax expense and ($77) for NCI Net unrealized gains on commodity derivatives, net of $128 income tax expense and $183 for NCI Net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1 project, net of $6 income tax benefit and ($10) for NCI Adjusted Earnings (Losses) $ 716 $ 531 $ 1,247 $ 592 $ 167 (1) 166 (319) (319) 17 611 $ 17 (249) $ 2,201 SDGE SoCalGas GAAP Earnings (Losses) $ 681 $ Impact associated with Aliso Canyon litigation and regulatory matters, net of $60 income tax benefit Impact from foreign currency and inflation on our monetary positions in Mexico, net of $80 income tax expense and ($21) for NCI 339 $ 199 1,020 $ 199 Nine months ended September 30, 2022 Sempra Sempra Texas Sempra California Infrastructure Utilities 604 $ Net unrealized losses on commodity derivatives, net of $42 income tax benefit and ($33) for NCI Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA Adjusted Earnings (Losses) $ 681 $ 538 $ 1,219 $ 604 $ Parent & Other Total Sempra 392 $ (360) $ 1,656 199 87 108 2 89 108 120 587 $ (238) $ 120 2,172 1. Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We record equity losses for our investment in Oncor Holdings net of income tax. SEMPRA | 28
View entire presentation