Adjusted Earnings and Adjusted EPS Presentation slide image

Adjusted Earnings and Adjusted EPS Presentation

Q3-2023 Adjusted Earnings Drivers 1. $622M ($27M) $27M $16M ($23M) $21M $49M Higher capitalized interest Higher transportation tariffs + other Higher interest expense + net income tax benefit $685M Lower income Higher transmission + CPUC operating margin + regulatory interest income + lower authorized tax benefit + higher net interest expense + other COC Higher weather- driven and other consumption + new base rates + customer growth Q3-20221 SEMPRA SEMPRA SEMPRA Q3-20231 Other CALIFORNIA TEXAS INFRASTRUCTURE See Appendix for information regarding Adjusted Earnings, which is a non-GAAP financial measure. GAAP Earnings for Sempra for Q3-2022 and Q3-2023 were $485M and $721M, respectively. SEMPRA | 10
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