Adjusted Earnings and Adjusted EPS Presentation
Adjusted Earnings and Adjusted EPS
(Unaudited)
(Dollars in millions, except EPS; shares in thousands)
Sempra GAAP Earnings
Excluded items:
Impact associated with Aliso Canyon litigation and regulatory matters
$
Impact from foreign currency and inflation on our monetary positions in Mexico
Net unrealized (gains) losses on commodity derivatives
Sempra Adjusted Earnings
Diluted EPS:
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted EPS
Sempra GAAP Earnings
Pretax
Income tax
(benefit)
Non-
controlling
Income tax
amount expense¹ interests Earnings
Three months ended September 30, 2023
Pretax
amount
(benefit)
Non-
controlling
expense¹ interests Earnings
Three months ended September 30, 2022
$
721
$
485
NW 1
$
$
$
(49)
2
16
(36)
122 $
1
(21) $
(4)
101
1
(2)
77
(17)
(22)
38
$
685
$
622
$
632,324
1.14
$ 1.08
632,175
$
0.77
$
0.98
Nine months ended September 30, 2023
$ 2,293
Nine months ended September 30, 2022
$ 1,656
Excluded items:
Impact associated with Aliso Canyon litigation and regulatory matters
$
$
$
-
$
259 $
(60) $
199
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
Impact from foreign currency and inflation on our monetary positions in Mexico
Net unrealized (gains) losses on commodity derivatives
40
203
(77)
166
30
80
(21)
89
(630)
128
183
(319)
183
(42)
(33)
108
Net unrealized losses on a contingent interest rate swap related to the PA LNG Phase 1
project
33
(6)
(10)
17
Deferred income tax expense associated with the change in our indefinite reinvestment
assertion related to the sale of NCI to ADIA
120
120
Sempra Adjusted Earnings
Diluted EPS:
$
2,201
$ 2,172
Weighted-average common shares outstanding, diluted
632,231
632,914
Sempra GAAP EPS
$
3.63
$ 2.62
Sempra Adjusted EPS
$
3.48
$
3.43
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 | 27View entire presentation