Exhibit 99.1

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NEWS RELEASE
Media Contact:Linda Pazin
Sempra
(877) 340-8875
media@sempra.com
Financial Contact:Lindsay Gartner
Sempra
(877) 736-7727
investor@sempra.com


SEMPRA REPORTS SECOND-QUARTER 2021 EARNINGS RESULTS

•Reporting strong second-quarter and year-to-date 2021 financial results
•Announcing higher projected five-year capital plan at Oncor of $14 billion

SAN DIEGO, Aug. 5, 2021 – Sempra (NYSE: SRE) (BMV: SRE) today announced second-quarter 2021 earnings of $424 million, or $1.37 per diluted share, compared to second-quarter 2020 earnings of $2.239 billion, or $7.61 per diluted share. On an adjusted basis, the company’s second-quarter 2021 earnings were $504 million, or $1.63 per diluted share, compared to $501 million, or $1.71 per diluted share, in the second quarter of 2020.
“Our simplified business model and narrowed strategic focus to growing markets continue to provide strong support for our financial and operational results,” said Trevor Mihalik, executive vice president and chief financial officer of Sempra. “We are pleased with our solid year-to-date financial results.”



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Sempra's earnings for the first six months of 2021 were $1.298 billion, or $4.24 per diluted share, compared with earnings of $2.999 billion, or $9.91 per diluted share, in the first six months of 2020. Adjusted earnings for the first six months of 2021 were $1.404 billion, or $4.58 per diluted share, compared to $1.242 billion, or $4.20 per diluted share, in the first six months of 2020.



The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings, reconciled to adjusted earnings, for the second quarter and first six months of 2021 and 2020.
(Dollars, except EPS, and shares in millions)Three months ended June 30,Six months ended June 30,
2021202020212020
(Unaudited)
GAAP Earnings$424 $2,239 $1,298 $2,999 
Impact from Foreign Currency and Inflation and Associated Undesignated Derivatives(1)
72 21 69 (129)
Net Unrealized Losses (Gains) on Commodity Derivatives(1)
58 (5)87 (46)
Impacts Associated with Aliso Canyon Litigation— — — 72 
Gain on Sale of South American Businesses— (1,754)— (1,754)
(Earnings) Losses from Investment in RBS Sempra Commodities LLP(50)— (50)100 
Adjusted Earnings(2)
$504 $501 $1,404 $1,242 
Diluted Weighted-Average Common Shares Outstanding309 294 306 308 
GAAP EPS(3)
$1.37 $7.61 $4.24 $9.91 
Diluted Weighted-Average Common Shares Outstanding(4)
309 294 311 308 
Adjusted EPS(2),(3),(5)
$1.63 $1.71 $4.58 $4.20 
1) Q2-2020 and YTD-2020 Adjusted Earnings and Adjusted Earnings per Common Share (EPS) have been updated to exclude this item to conform to current year presentation.
2) Represents a non-GAAP financial measure. See Table A for information regarding non-GAAP financial measures and descriptions of adjustments.
3) To calculate YTD-2020 GAAP EPS and Adjusted EPS, preferred dividends of $52 million are added back to GAAP Earnings because of the dilutive effect of Series A mandatory convertible preferred stock.
4) YTD-2020 diluted weighted-average common shares outstanding has been updated for the exclusion of additional items to conform to current year presentation.
5) To calculate YTD-2021 Adjusted EPS, preferred dividends of $19 million are added back to Adjusted Earnings because of the dilutive effect of Series B mandatory convertible preferred stock.

Prioritizing Safety and Sustainability at Sempra California
In July, San Diego Gas & Electric Co. (SDG&E) received approval from the California Public Utilities Commission (CPUC) for its 2021 Wildfire Mitigation Plan Update, building upon the utility’s long-standing commitment to advancing fire hardening and public safety.
Additionally, Southern California Gas Co. (SoCalGas) began renewable natural gas (RNG) flows at two additional biomethane projects in support of its goal to deliver 20% RNG to its core customers by 2030.

Continuing Growth at Sempra Texas
In Texas, Oncor Electric Delivery Company LLC (Oncor) has announced its projected five-year capital plan for 2022-2026 of $14 billion, a $1.8 billion increase compared to the 2021-2025 capital plan. The increase is driven by the need for investments to support strong premise growth, growth in generation interconnection requests and grid resiliency. Prospects for new relocations, expansions and electric service to Oncor’s system are expected to exceed 2020 values by 70% and 2019 values by 170%. So far this year, Oncor has connected approximately 43,000 new premises – greater than the total connections seen at this same time last year, highlighting the underlying strength of economic and demographic growth in the region.



Advancing Sempra Infrastructure
In May, Sempra announced the completion of its exchange offer to acquire the outstanding shares of Infraestructura Energética Nova, S.A.B de C.V. (IEnova) not owned by Sempra, resulting in 96.4% ownership. Sempra intends to launch a cash tender offer to acquire the remaining 3.6% interest.
Sempra also continues to advance the sale of a non-controlling, 20% interest in Sempra Infrastructure to KKR for $3.37 billion in cash, subject to adjustments. The sale is expected to close around the end of the third quarter of 2021. Sempra Infrastructure is expected to generate increased shareholder value by consolidating Sempra’s infrastructure businesses under one common growth platform with a value proposition focused on investment opportunities in clean power, liquefied natural gas (LNG) and net-zero solutions, and energy networks.
Additionally, in July, IEnova began commercial operations at its Mexico City storage terminal.

Earnings Guidance
Sempra is updating its full-year 2021 GAAP EPS guidance range to $7.41 to $8.01 and affirming its full-year 2021 adjusted EPS guidance range of $7.75 to $8.35. Sempra is also affirming its full-year 2022 EPS guidance range of $8.10 to $8.70.

Non-GAAP Financial Measures
Non-GAAP financial measures include Sempra’s adjusted earnings, adjusted EPS and adjusted EPS guidance range. See Table A for additional information regarding these non-GAAP financial measures.

Internet Broadcast
Sempra will broadcast a live discussion of its earnings results over the Internet today at 12 p.m. ET with senior management of the company. Access is available by logging onto the website at www.sempra.com. For those unable to log on to the live webcast, the teleconference will be available on replay a few hours after its conclusion by dialing (888) 203-1112 and entering passcode 1398783.



About Sempra
Sempra's mission is to be North America's premier energy infrastructure company. The Sempra family of companies have more than 19,000 talented employees who deliver energy with purpose to over 36 million consumers. With more than $66 billion in total assets at the end of 2020, the San Diego-based company is the owner of one of the largest energy networks in North America serving some of the world's leading economies. The company is helping to advance the global energy transition by enabling the delivery of lower-carbon energy solutions in each market it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high-performing culture including safety, workforce development and training, and diversity and inclusion. Sempra is the only North American utility sector company included on the Dow Jones Sustainability World Index and was also named one of the "World's Most Admired Companies" for 2021 by Fortune Magazine. For additional information about Sempra, please visit Sempra's website at www.sempra.com and on Twitter @SempraEnergy.

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This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

In this press release, forward-looking statements can be identified by words such as “believes,” “expects,” “anticipates,” “plans,” “estimates,” “projects,” “forecasts,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “under construction,” “in development,” “target,” “outlook,” “maintain,” “continue,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those described in any forward-looking statements include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover costs from insurance, the wildfire fund established by California Assembly Bill 1054 or in rates from customers; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) states, counties, cities and other jurisdictions in the U.S., Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) the ability to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) the ability to realize anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent of partners or other third parties; the resolution of civil and criminal litigation, regulatory inquiries, investigations and proceedings, and arbitrations, including, among others, those related to the natural gas leak at Southern California Gas Company’s (SoCalGas) Aliso Canyon natural gas storage facility; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration of or increased uncertainty in the political or regulatory environment for local natural gas distribution companies operating in California; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for property damage or personal injuries, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of electric power and natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals, and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-party vendors and other parties with which we conduct business; expropriation of assets, failure of foreign governments and state-owned entities to honor their contracts, and property disputes; the impact at San Diego Gas & Electric Company (SDG&E) on competitive customer rates and reliability due to the growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Direct Access and Community Choice Aggregation, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC’s (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor’s independent directors or a minority member director; volatility in foreign currency exchange, inflation and interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness, or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.

These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.

None of the website references in this press release are active hyperlinks, and the information contained on, or that can be accessed through, any such website is not, and shall not be deemed to be, part of this document.


SEMPRA ENERGY
Table A
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions, except per share amounts; shares in thousands)
Three months ended
June 30,		Six months ended
June 30,
2021202020212020
(unaudited)
REVENUES
Utilities$2,434 $2,233 $5,279 $4,898 
Energy-related businesses307 293 721 657 
Total revenues2,741 2,526 6,000 5,555 
EXPENSES AND OTHER INCOME
Utilities:
Cost of natural gas(261)(131)(610)(468)
Cost of electric fuel and purchased power(284)(260)(516)(489)
Energy-related businesses cost of sales(119)(51)(228)(110)
Operation and maintenance(1,024)(898)(2,025)(1,749)
Aliso Canyon litigation and regulatory matters— — — (100)
Depreciation and amortization(463)(412)(905)(824)
Franchise fees and other taxes(138)(121)(291)(258)
Other income (expense), net72 62 107 (192)
Interest income15 22 34 49 
Interest expense(258)(274)(517)(554)
Income from continuing operations before income taxes and equity earnings281 463 1,049 860 
Income tax (expense) benefit(139)(168)(297)39 
Equity earnings313 233 631 496 
Income from continuing operations, net of income tax455 528 1,383 1,395 
Income from discontinued operations, net of income tax— 1,777 — 1,857 
Net income455 2,305 1,383 3,252 
Earnings attributable to noncontrolling interests(10)(28)(43)(179)
Preferred dividends(20)(37)(41)(73)
Preferred dividends of subsidiary(1)(1)(1)(1)
Earnings attributable to common shares$424 $2,239 $1,298 $2,999 
Basic earnings per common share (EPS):
Earnings$1.38 $7.64 $4.27 $10.24 
Weighted-average common shares outstanding307,800 293,060 304,372 292,925 
Diluted EPS:
Earnings$1.37 $7.61 $4.24 $9.91 
Weighted-average common shares outstanding308,607 294,155 306,284 307,962 



SEMPRA ENERGY
Table A (Continued)

RECONCILIATION OF SEMPRA ADJUSTED EARNINGS TO SEMPRA GAAP EARNINGS (Unaudited)
Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, noncontrolling interests) in 2021 and 2020 as follows:
Three months ended June 30, 2021:
▪$(72) million impact from foreign currency and inflation and associated undesignated derivatives
▪$(58) million net unrealized losses on commodity derivatives
▪$50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other

Three months ended June 30, 2020:
▪$(21) million impact from foreign currency and inflation and associated undesignated derivatives
▪$5 million net unrealized gains on commodity derivatives
▪$1,754 million gain on the sale of our South American businesses

Six months ended June 30, 2021:
▪$(69) million impact from foreign currency and inflation and associated undesignated derivatives
▪$(87) million net unrealized losses on commodity derivatives
▪$50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other

Six months ended June 30, 2020:
▪$129 million impact from foreign currency and inflation and associated undesignated derivatives
▪$46 million net unrealized gains on commodity derivatives
▪$(72) million from impacts associated with Aliso Canyon natural gas storage facility litigation at Southern California Gas Company (SoCalGas)
▪$(100) million equity losses from investment in RBS Sempra Commodities LLP, which represents an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other
▪$1,754 million gain on the sale of our South American businesses

Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation effects and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra’s business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP.


SEMPRA ENERGY
Table A (Continued)
RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS
(Dollars in millions, except per share amounts; shares in thousands)
Pretax amount
Income tax expense (benefit)(1)
Non-controlling interestsEarningsPretax amount
Income tax expense (benefit)(1)
Non-controlling interestsEarnings
Three months ended June 30, 2021Three months ended June 30, 2020
Sempra GAAP Earnings
$424 $2,239 
Excluded items:
Impact from foreign currency and inflation and associated
undesignated derivatives
$2 $83 $(13)72 $(1)$31 $(9)21 
Net unrealized losses (gains) on commodity derivatives79 (22)1 58 (6)1 — (5)
Gain on sale of South American businesses— — — — (2,915)1,161 — (1,754)
Earnings from investment in RBS Sempra Commodities LLP(50)— — (50)— — — — 
Sempra Adjusted Earnings(2)
$504 $501 
Diluted EPS:
Sempra GAAP Earnings
$424 $2,239 
Weighted-average common shares outstanding, diluted
308,607 294,155 
Sempra GAAP EPS$1.37 $7.61 
Sempra Adjusted Earnings(2)
$504 $501 
Weighted-average common shares outstanding, diluted
308,607 294,155 
Sempra Adjusted EPS(2)
$1.63 $1.71 
Six months ended June 30, 2021Six months ended June 30, 2020
Sempra GAAP Earnings$1,298 $2,999 
Excluded items:
Impact from foreign currency and inflation and associated
undesignated derivatives
$32 $41 $(4)69 $94 $(322)$99 (129)
Net unrealized losses (gains) on commodity derivatives125 (35)(3)87 (63)17 — (46)
Impacts associated with Aliso Canyon litigation— — — — 100 (28)— 72 
Gain on sale of South American businesses— — — — (2,915)1,161 — (1,754)
(Earnings) losses from investment in RBS Sempra Commodities LLP(50)— — (50)100 — — 100 
Sempra Adjusted Earnings(2)
$1,404 $1,242 
Diluted EPS:
Sempra GAAP Earnings
$1,298 $2,999 
Add back dividends for dilutive series A preferred stock
— 52 
Sempra GAAP Earnings for GAAP EPS
$1,298 $3,051 
Weighted-average common shares outstanding, diluted – GAAP
306,284 307,962 
Sempra GAAP EPS$4.24 $9.91 
Sempra Adjusted Earnings(2)
$1,404 $1,242 
Add back dividends for dilutive series A preferred stock
— 52 
Add back dividends for dilutive series B preferred stock
19 — 
Sempra Adjusted Earnings for Adjusted EPS(2)
$1,423 $1,294 
Weighted-average common shares outstanding, diluted – Adjusted(3)
310,541 307,962 
Sempra Adjusted EPS(2)
$4.58 $4.20 

(1)     Income taxes were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity earnings or an income tax benefit for the equity losses 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)     Adjusted Earnings, Adjusted Earnings for Adjusted EPS and Adjusted EPS have been updated to reflect impact from foreign currency and inflation and associated undesignated derivatives and net unrealized losses (gains) on commodity derivatives for the three months and six months ended June 30, 2020.
(3)     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 ENERGY
Table A (Continued)

RECONCILIATION OF SEMPRA 2021 ADJUSTED EPS GUIDANCE RANGE TO SEMPRA 2021 GAAP EPS GUIDANCE RANGE (Unaudited)
Sempra 2021 Adjusted EPS Guidance Range of $7.75 to $8.35 excludes items (after the effects of income taxes and, if applicable, noncontrolling interests) as follows:
▪$(69) million impact from foreign currency and inflation and associated undesignated derivatives for the six months ended June 30, 2021(1)
▪$(87) million net unrealized losses on commodity derivatives for the six months ended June 30, 2021
▪$50 million equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other

Sempra 2021 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes the impact from foreign currency and inflation and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2021 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2021 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2021 Adjusted EPS Guidance Range to Sempra 2021 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP.

RECONCILIATION OF ADJUSTED EPS GUIDANCE RANGE TO GAAP EPS GUIDANCE RANGE
Full-Year 2021
Sempra GAAP EPS Guidance Range(2)
$7.41 to$8.01 
Excluded items:
Impact from foreign currency and inflation and associated undesignated derivatives(1)
0.22 0.22 
Net unrealized losses on commodity derivatives0.28 0.28 
Earnings from investment in RBS Sempra Commodities LLP(0.16)(0.16)
Sempra Adjusted EPS Guidance Range$7.75 to$8.35 
Weighted-average common shares outstanding, diluted (millions)(3)(4)
315
(1)     Amounts include impacts recorded in equity earnings from our unconsolidated equity method investments.
(2)     Sempra's prior GAAP EPS Guidance Range for full-year 2021 has been updated to reflect the impact from foreign currency and inflation and associated undesignated derivatives, net unrealized losses on commodity derivatives and equity earnings from investment in RBS Sempra Commodities LLP for the six months ended June 30, 2021.
(3)     Weighted-average common shares outstanding reflects the conversion of the series A preferred stock that converted on January 15, 2021 and series B preferred stock that converted on July 15, 2021.
(4)     Includes the impact of the Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) exchange offer.



SEMPRA ENERGY
Table B
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
June 30,
2021
December 31,
2020(1)
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents$335 $960 
Restricted cash33 22 
Accounts receivable – trade, net1,441 1,578 
Accounts receivable – other, net413 403 
Due from unconsolidated affiliates11 20 
Income taxes receivable74 113 
Inventories339 308 
Regulatory assets251 190 
Greenhouse gas allowances555 553 
Other current assets308 364 
Total current assets3,760 4,511 
Other assets:
Restricted cash3 3 
Due from unconsolidated affiliates702 780 
Regulatory assets2,216 1,822 
Nuclear decommissioning trusts1,024 1,019 
Investment in Oncor Holdings12,655 12,440 
Other investments1,393 1,388 
Goodwill1,602 1,602 
Other intangible assets382 202 
Dedicated assets in support of certain benefit plans523 512 
Insurance receivable for Aliso Canyon costs414 445 
Deferred income taxes167 136 
Greenhouse gas allowances259 101 
Right-of-use assets – operating leases513 543 
Wildfire fund349 363 
Other long-term assets730 753 
Total other assets22,932 22,109 
Property, plant and equipment, net41,916 40,003 
Total assets$68,608 $66,623 
(1)    Derived from audited financial statements.


SEMPRA ENERGY
Table B (Continued)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
June 30,
2021
December 31,
2020(1)
(unaudited)
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt$2,266 $885 
Accounts payable – trade1,291 1,359 
Accounts payable – other168 154 
Due to unconsolidated affiliates42 45 
Dividends and interest payable588 551 
Accrued compensation and benefits365 446 
Regulatory liabilities 426 140 
Current portion of long-term debt and finance leases507 1,540 
Reserve for Aliso Canyon costs153 150 
Greenhouse gas obligations555 553 
Other current liabilities951 1,016 
Total current liabilities7,312 6,839 
Long-term debt and finance leases22,090 21,781 
Deferred credits and other liabilities:
Due to unconsolidated affiliates 262 234 
Pension and other postretirement benefit plan obligations, net of plan assets1,037 1,059 
Deferred income taxes3,325 2,871 
Regulatory liabilities 3,352 3,372 
Reserve for Aliso Canyon costs269 301 
Asset retirement obligations3,150 3,113 
Greenhouse gas obligations104 — 
Deferred credits and other2,015 2,119 
Total deferred credits and other liabilities13,514 13,069 
Equity:
Sempra Energy shareholders’ equity25,451 23,373 
Preferred stock of subsidiary20 20 
Other noncontrolling interests221 1,541 
Total equity25,692 24,934 
Total liabilities and equity$68,608 $66,623 
(1)     Derived from audited financial statements.


SEMPRA ENERGY
Table C
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
Six months ended June 30,
20212020
(unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $1,383 $3,252 
Less: Income from discontinued operations, net of income tax— (1,857)
Income from continuing operations, net of income tax1,383 1,395 
Adjustments to reconcile net income to net cash provided by operating activities747 429 
Net change in working capital components(63)375 
Distributions from investments532 220 
Insurance receivable for Aliso Canyon costs31 (166)
Changes in other noncurrent assets and liabilities, net(375)(185)
Net cash provided by continuing operations2,255 2,068 
Net cash used in discontinued operations— (1,041)
Net cash provided by operating activities2,255 1,027 
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for property, plant and equipment(2,424)(2,198)
Expenditures for investments and acquisitions(165)(140)
Proceeds from sale of assets— 5 
Purchases of nuclear decommissioning trust assets(542)(797)
Proceeds from sales of nuclear decommissioning trust assets542 797 
Advances to unconsolidated affiliates(8)(25)
Other9 17 
Net cash used in continuing operations(2,588)(2,341)
Net cash provided by discontinued operations— 5,195 
Net cash (used in) provided by investing activities(2,588)2,854 
CASH FLOWS FROM FINANCING ACTIVITIES
Common dividends paid(634)(567)
Preferred dividends paid(68)(71)
Issuances of preferred stock— 891 
Issuances of common stock5 13 
Repurchases of common stock(38)(64)
Issuances of debt (maturities greater than 90 days)285 4,059 
Payments on debt (maturities greater than 90 days) and finance leases (1,432)(1,970)
Increase (decrease) in short-term debt, net1,584 (1,871)
Advances from unconsolidated affiliates 20 64 
Proceeds from sale of noncontrolling interests7 — 
Purchases of noncontrolling interests(10)(27)
Other(1)(16)
Net cash (used in) provided by continuing operations(282)441 
Net cash provided by discontinued operations— 401 
Net cash (used in) provided by financing activities(282)842 
Effect of exchange rate changes in continuing operations1 (7)
Effect of exchange rate changes in discontinued operations— (3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash1 (10)
(Decrease) increase in cash, cash equivalents and restricted cash, including discontinued operations(614)4,713 
Cash, cash equivalents and restricted cash, including discontinued operations, January 1985 217 
Cash, cash equivalents and restricted cash, including discontinued operations, June 30$371 $4,930 



SEMPRA ENERGY
Table D
SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES, INVESTMENTS AND ACQUISITIONS
(Dollars in millions)
Three months ended June 30,Six months ended June 30,
2021202020212020
(unaudited)
Earnings (Losses) Attributable to Common Shares
SDG&E$186 $193 $398 $455 
SoCalGas94 146 501 449 
Sempra Texas Utilities138 144 273 249 
Sempra Mexico4 61 61 252 
Sempra LNG47 61 193 136 
Parent and other(45)(141)(128)(389)
Discontinued operations— 1,775 — 1,847 
Total$424 $2,239 $1,298 $2,999 
Three months ended June 30,Six months ended June 30,
2021202020212020
(unaudited)
Capital Expenditures, Investments and Acquisitions
SDG&E$517 $448 $1,072 $850 
SoCalGas477 497 936 885 
Sempra Texas Utilities50 53 100 139 
Sempra Mexico89 151 231 321 
Sempra LNG160 90 249 137 
Parent and other— 3 1 6 
Total$1,293 $1,242 $2,589 $2,338 





SEMPRA ENERGY
Table E
OTHER OPERATING STATISTICS
Three months ended June 30,Six months ended June 30,
2021202020212020
(unaudited)
UTILITIES
SDG&E and SoCalGas
Gas sales (Bcf)(1)
72 71 199 200 
Transportation (Bcf)(1)
145 129 282 277 
Total deliveries (Bcf)(1)
217 200 481 477 
Total gas customer meters (thousands)6,983 6,943 
SDG&E
Electric sales (millions of kWhs)(1)
2,834 3,124 6,123 6,584 
Direct Access and Community Choice Aggregation (millions of kWhs)974 847 1,787 1,616 
Total deliveries (millions of kWhs)(1)
3,808 3,971 7,910 8,200 
Total electric customer meters (thousands)1,487 1,478 
Oncor(2)
Total deliveries (millions of kWhs)32,889 31,038 63,566 61,458 
Total electric customer meters (thousands)3,804 3,723 
Ecogas
Natural gas sales (Bcf)1 1 2 2 
Natural gas customer meters (thousands)140 136 
ENERGY-RELATED BUSINESSES
Power generated and sold
Sempra Mexico
Termoeléctrica de Mexicali (TdM) (millions of kWhs)826 457 1,671 1,283 
Wind and solar (millions of kWhs)(3)
769 381 1,312 803 
(1)     Include intercompany sales.
(2)     Includes 100% of the electric deliveries and customer meters of Oncor Electric Delivery Company LLC (Oncor), in which we hold an indirect 80.25% interest through our investment in Oncor Electric Delivery Holdings Company LLC.
(3)     Includes 50% of the total power generated and sold at the Energía Sierra Juárez wind power generation facility through March 19, 2021. As of March 19, 2021, ESJ became a wholly owned, consolidated subsidiary of IEnova.