EX-99.2 3 ex99_2q22024earningstablef.htm EX-99.2 Document
Exhibit 99.2

SEMPRA
Table F
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended June 30, 2024Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$2,625 $— $409 $(23)$3,011 
Cost of sales and other expenses(1,568)(2)(270)(1,836)
Depreciation and amortization(528)— (73)(2)(603)
Other income (expense), net36 — (8)30 
Income (loss) before interest and tax(1)
565 (2)68 (29)602 
Net interest (expense) income(204)— (97)(294)
Income tax (expense) benefit(44)— 133 41 130 
Equity earnings— 204 229 — 433 
Earnings attributable to noncontrolling interests— — (146)— (146)
Preferred dividends(1)— — (11)(12)
Earnings (losses) attributable to common shares$316 $202 $291 $(96)$713 

Three months ended June 30, 2023Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$2,700 $— $660 $(25)$3,335 
Cost of sales and other expenses(1,735)(2)(270)13 (1,994)
Depreciation and amortization(476)— (70)(3)(549)
Other income, net23 — 31 
Income (loss) before interest and tax(1)
512 (2)323 (10)823 
Net interest expense(189)— (19)(92)(300)
Income tax benefit (expense)17 — (201)(175)
Equity earnings— 162 226 — 388 
Earnings attributable to noncontrolling interests— — (121)— (121)
Preferred dividends(1)— — (11)(12)
Earnings (losses) attributable to common shares$339 $160 $208 $(104)$603 
(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 (Continued)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Six months ended June 30, 2024Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,766 $— $928 $(43)$6,651 
Cost of sales and other expenses(3,401)(4)(580)(3,984)
Depreciation and amortization(1,049)— (145)(3)(1,197)
Other income, net116 — 129 
Income (loss) before interest and tax(1)
1,432 (4)209 (38)1,599 
Net interest (expense) income(406)— 12 (192)(586)
Income tax (expense) benefit(127)— 24 61 (42)
Equity earnings— 389 392 — 781 
Earnings attributable to noncontrolling interests— — (215)— (215)
Preferred dividends(1)— — (22)(23)
Earnings (losses) attributable to common shares$898 $385 $422 $(191)$1,514 
Six months ended June 30, 2023Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$8,115 $— $1,856 $(76)$9,895 
Cost of sales and other expenses(5,801)(3)(625)44 (6,385)
Depreciation and amortization(944)— (139)(5)(1,088)
Other income, net43 — 13 16 72 
Income (loss) before interest and tax(1)
1,413 (3)1,105 (21)2,494 
Net interest expense(371)— (99)(172)(642)
Income tax (expense) benefit(84)— (531)64 (551)
Equity earnings— 246 361 — 607 
Earnings attributable to noncontrolling interests— — (313)— (313)
Preferred dividends(1)— — (22)(23)
Earnings (losses) attributable to common shares$957 $243 $523 $(151)$1,572 
(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.