EX-99.2 3 ex99_2q12024earningstablef.htm EX-99.2 Document
Exhibit 99.2

SEMPRA
Table F
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended March 31, 2024Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$3,141 $— $519 $(20)$3,640 
Cost of sales and other expenses(1,833)(2)(310)(3)(2,148)
Depreciation and amortization(521)— (72)(1)(594)
Other income, net80 — 15 99 
Income (loss) before interest and tax(1)
867 (2)141 (9)997 
Net interest (expense) income(202)— (95)(292)
Income tax (expense) benefit(83)— (109)20 (172)
Equity earnings— 185 163 — 348 
Earnings attributable to noncontrolling interests— — (69)— (69)
Preferred dividends— — — (11)(11)
Earnings (losses) attributable to common shares$582 $183 $131 $(95)$801 
Three months ended March 31, 2023Sempra CaliforniaSempra Texas UtilitiesSempra InfrastructureConsolidating Adjustments, Parent & OtherTotal
Revenues$5,415 $— $1,196 $(51)$6,560 
Cost of sales and other expenses(4,066)(1)(355)31 (4,391)
Depreciation and amortization(468)— (69)(2)(539)
Other income, net20 — 10 11 41 
Income (loss) before interest and tax(1)
901 (1)782 (11)1,671 
Net interest expense(182)— (80)(80)(342)
Income tax (expense) benefit(101)— (330)55 (376)
Equity earnings— 84 135 — 219 
Earnings attributable to noncontrolling interests— — (192)— (192)
Preferred dividends— — — (11)(11)
Earnings (losses) attributable to common shares$618 $83 $315 $(47)$969 
(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.