Sempra Energy Financial Highlights Q2-2022
ADJUSTED EARNINGS AND ADJUSTED EPS
(UNAUDITED)
(Dollars in millions, except per share amounts; shares in thousands)
Sempra GAAP Earnings
Excluded items:
Impacts associated with Aliso Canyon litigation
Impact from foreign currency and inflation on our monetary
positions in Mexico and associated undesignated derivatives
Net unrealized losses on commodity derivatives
Earnings from investment in RBS Sempra Commodities LLP
Sempra Adjusted Earnings
Diluted EPS:
Sempra GAAP Earnings
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted Earnings
Weighted-average common shares outstanding, diluted
Sempra Adjusted EPS
Sempra GAAP Earnings
Excluded items:
Impacts associated with Aliso Canyon litigation
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
Earnings from investment in RBS Sempra Commodities LLP
Pretax
amount
Income tax
(benefit)
expense
Non-
controlling
interests
Three months ended June 30, 2022
Earnings
$
559
Income tax
Pretax
amount
expense
(benefit)¹
Non-
controlling
interests
Three months ended June 30, 2021
Earnings
$
424
$
45 $
(13) $
32
$
$
-
$
4
14
18
(5)
(2)
26
16
2
19
79
83
(22)
(13)
72
1
58
(50)
(50)
$
626
$
504
$
559
315,867
$
1.77
$
626
$
315,867
1.98
Six months ended June 30, 2022
$
1,171
$
137 $
(39) $
29
106
84
(25)
2
120
มอ
$
424
308,607
$
1.37
$
504
$
308,607
1.63
Six months ended June 30, 2021
$
1,298
98
$
$
91
70
32
125
120
(50)
$
1,550
$
41
(4)
69
(35)
(3)
87
(50)
$
1,404
$
1,298
306,284
$
4.24
$
1,404
19
$
1,423
310,541
$
4.58
-13%
7%
Sempra Adjusted Earnings
Diluted EPS:
Sempra GAAP Earnings
Weighted-average common shares outstanding, diluted
Sempra GAAP EPS
Sempra Adjusted Earnings
Add back dividends for dilutive series B preferred stock
Sempra Adjusted Earnings for Adjusted EPS
Weighted-average common shares outstanding, diluted - Adjusted²
Sempra Adjusted EPS
Sempra GAAP Earnings CAGR (YTD 2022 to YTD 2021)
Sempra Adjusted Earnings CAGR (YTD 2022 to YTD 2021)
-10%
10%
$
1,171
316,647
$
3.70
$
1,550
$
1,550
316,647
$
4.90
Sempra GAAP EPS CAGR (YTD 2022 to YTD 2021)
Sempra Adjusted EPS CAGR (YTD 2022 to YTD 2021)
1. Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity
earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will
reduce United Kingdom taxes.
2. In the six months ended June 30, 2021, because the assumed conversion of the series B preferred stock is dilutive for Adjusted Earnings, 4,257 series B preferred stock shares are added back to the
denominator used to calculate Adjusted EPS.
SEMPRA
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