EX-99.2 3 ex99_2q22024earningstablef.htm EX-99.2

Exhibit 99.2

SEMPRA
Table F
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended June 30, 2024			Sempra California						Sempra Texas Utilities						Sempra Infrastructure						Consolidating Adjustments, Parent & Other									Total
Revenues			$	2,625					$	—					$	409					$	(23)								$	3,011
Cost of sales and other expenses			(1,568)						(2)						(270)						4									(1,836)
Depreciation and amortization			(528)						—						(73)						(2)									(603)
Other income (expense), net			36						—						2						(8)									30
Income (loss) before interest and tax(1)			565						(2)						68						(29)									602
Net interest (expense) income			(204)						—						7						(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, 2023			Sempra California						Sempra Texas Utilities						Sempra Infrastructure						Consolidating Adjustments, Parent & Other									Total
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, net			23						—						3						5									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)						9									(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.

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SEMPRA
Table F (Continued)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Six months ended June 30, 2024			Sempra California						Sempra Texas Utilities						Sempra Infrastructure						Consolidating Adjustments, Parent & Other									Total
Revenues			$	5,766					$	—					$	928					$	(43)								$	6,651
Cost of sales and other expenses			(3,401)						(4)						(580)						1									(3,984)
Depreciation and amortization			(1,049)						—						(145)						(3)									(1,197)
Other income, net			116						—						6						7									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, 2023			Sempra California						Sempra Texas Utilities						Sempra Infrastructure						Consolidating Adjustments, Parent & Other									Total
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, net			43						—						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.