Sempra Energy Financial Overview
FY-2022 Adjusted Earnings Drivers
$110M
($250M)
$160M
$46M
($52M)
$120M
Primarily
Increased
Higher Tax
Benefits,
Primarily
Related to
Deferreds²
($17M)
Higher NC12
$2,915M
$161M
Higher
Higher Net
Primarily
Equity
$2,637M
Higher
CPUC Base
Operating
Margin Net
of Expenses
through
Items +
Resolution
of Prior
Year Tax
Matter
Interest
Expense
SDG&E
Increased
Earnings +
Flow-
Investment +
New Assets
Higher
Consumption
+ Customer
Growth
Coming
Online²
FY-20211
1.
2.
SEMPRA
CALIFORNIA
SEMPRA
TEXAS
SEMPRA
INFRASTRUCTURE
FY-20221
OTHER
See Appendix for information regarding Adjusted Earnings, which is a non-GAAP financial measure. GAAP Earnings for Sempra for FY-2022 and FY-2021 were
$2,094M and $1,254M, respectively.
See Appendix for information regarding Adjusted Earnings Drivers at Sempra Infrastructure, which are non-GAAP financial measures. GAAP Earnings drivers from
increased equity earnings + new assets coming online, higher tax benefits primarily related to deferreds, and lower NCI at Sempra Infrastructure were $144M, $50M,
and $1M, respectively.
SEMPRA 11View entire presentation