Sempra (SRE) 8-K Sempra Reports First-Quarter 2022 Earnings Results

Exhibit 99.2

SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended March 31, 2022	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,445	$	1,993	$	—	$	424	$	(42)	$	3,820
Cost of sales and other expenses	(836)		(1,290)		(2)		(279)		17		(2,390)
Aliso Canyon litigation and regulatory matters	—		(92)		—		—		—		(92)
Depreciation and amortization	(239)		(187)		—		(65)		(2)		(493)
Other income (expense), net	34		34		—		(16)		(14)		38
Income (loss) before interest and tax(1)	404		458		(2)		64		(41)		883
Net interest expense	(106)		(40)		—		(6)		(66)		(218)
Income tax expense	(64)		(84)		—		(91)		(95)		(334)
Equity earnings, net	—		—		164		162		—		326
Earnings attributable to noncontrolling interests	—		—		—		(34)		—		(34)
Preferred dividends	—		—		—		—		(11)		(11)
Earnings (losses) attributable to common shares	$	234	$	334	$	162	$	95	$	(213)	$	612
Three months ended March 31, 2021	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,337	$	1,508	$	—	$	449	$	(35)	$	3,259
Cost of sales and other expenses	(801)		(834)		(2)		(220)		13		(1,844)
Depreciation and amortization	(213)		(173)		—		(54)		(2)		(442)
Other income (expense), net	35		39		—		(44)		5		35
Income (loss) before interest and tax(1)	358		540		(2)		131		(19)		1,008
Net interest expense	(101)		(39)		—		(20)		(80)		(240)
Income tax (expense) benefit	(45)		(94)		—		(57)		38		(158)
Equity earnings, net	—		—		137		181		—		318
Earnings attributable to noncontrolling interests	—		—		—		(33)		—		(33)
Preferred dividends	—		—		—		—		(21)		(21)
Earnings (losses) attributable to common shares	$	212	$	407	$	135	$	202	$	(82)	$	874

(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.