EX-99.2 3 ex99_2q32023earningstablef.htm EX-99.2 Document
Exhibit 99.2

SEMPRA
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended September 30, 2023SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,442 $1,313 $— $629 $(50)$3,334 
Cost of sales and other expenses(809)(1,021)(2)(356)30 (2,158)
Depreciation and amortization(280)(211)— (71)(1)(563)
Other income (expense), net25 (2)— (2)(18)
Income (loss) before interest and tax(1)
378 79 (2)200 (39)616 
Net interest expense(119)(68)— (3)(103)(293)
Income tax benefit (expense) 15 — (24)56 52 
Equity earnings— — 307 172 — 479 
Earnings attributable to noncontrolling interests— — — (122)— (122)
Preferred dividends— — — — (11)(11)
Earnings (losses) attributable to common shares$274 $16 $305 $223 $(97)$721 

Three months ended September 30, 2022SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$1,569 $1,385 $— $697 $(34)$3,617 
Cost of sales and other expenses(917)(1,093)(1)(525)16 (2,520)
Aliso Canyon litigation and regulatory matters— (122)— — — (122)
Depreciation and amortization(247)(190)— (67)(2)(506)
Other income (expense), net12 (43)— (14)(40)
Income (loss) before interest and tax(1)
417 (63)(1)110 (34)429 
Net interest expense(111)(47)— (32)(74)(264)
Income tax (expense) benefit(35)28 (1)(58)45 (21)
Equity earnings— — 258 159 — 417 
Earnings attributable to noncontrolling interests— — — (65)— (65)
Preferred dividends— — — — (11)(11)
Earnings (losses) attributable to common shares$271 $(82)$256 $114 $(74)$485 
(1)     Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.




SEMPRA
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Nine months ended September 30, 2023SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$4,357 $6,574 $— $2,485 $(187)$13,229 
Cost of sales and other expenses(2,555)(5,137)(5)(981)135 (8,543)
Depreciation and amortization(810)(625)— (210)(6)(1,651)
Other income (expense), net75 (9)— 11 (2)75 
Income (loss) before interest and tax(1)
1,067 803 (5)1,305 (60)3,110 
Net interest expense(355)(203)— (102)(275)(935)
Income tax benefit (expense)(68)— (555)120 (499)
Equity earnings— — 553 533 — 1,086 
Earnings attributable to noncontrolling interests— — — (435)— (435)
Preferred dividends— (1)— — (33)(34)
Earnings (losses) attributable to common shares$716 $531 $548 $746 $(248)$2,293 
Nine months ended September 30, 2022SDG&ESoCalGasSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$4,413 $4,879 $— $1,810 $(118)$10,984 
Cost of sales and other expenses(2,599)(3,504)(4)(1,257)74 (7,290)
Aliso Canyon litigation and regulatory matters— (259)— — — (259)
Depreciation and amortization(730)(565)— (199)(6)(1,500)
Other income (expense), net68 (5)— (4)(62)(3)
Income (loss) before interest and tax(1)
1,152 546 (4)350 (112)1,932 
Net interest expense(330)(131)— (61)(216)(738)
Income tax (expense) benefit(141)(75)(1)(219)(435)
Equity earnings— — 609 509 — 1,118 
Earnings attributable to noncontrolling interests— — — (187)— (187)
Preferred dividends— (1)— — (33)(34)
Earnings (losses) attributable to common shares$681 $339 $604 $392 $(360)$1,656 
(1)     Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.