Southern California Gas Company PFD SER A 6% (SOCGP) 8-K Sempra Reports Second-quarter 2021 Earnings Results

Exhibit 99.2

SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended June 30, 2021	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Mexico		Sempra LNG		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,318	$	1,124	$	—	$	404	$	52	$	(157)	$	2,741
Cost of sales and other expenses	(800)		(799)		(1)		(215)		(159)		148		(1,826)
Depreciation and amortization	(220)		(180)		—		(57)		(2)		(4)		(463)
Other income (expense), net	22		(2)		—		33		—		19		72
Income (loss) before interest and tax(1)	320		143		(1)		165		(109)		6		524
Net interest (expense) income	(101)		(40)		—		(29)		5		(78)		(243)
Income tax (expense) benefit	(33)		(8)		—		(113)		19		(4)		(139)
Equity earnings (losses), net	—		—		139		(9)		133		50		313
(Earnings) losses attributable to noncontrolling interests	—		—		—		(10)		(1)		1		(10)
Preferred dividends	—		(1)		—		—		—		(20)		(21)
Earnings (losses) attributable to common shares	$	186	$	94	$	138	$	4	$	47	$	(45)	$	424
Three months ended June 30, 2020	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Mexico		Sempra LNG		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,235	$	1,010	$	—	$	275	$	69	$	(63)	$	2,526
Cost of sales and other expenses	(690)		(611)		1		(111)		(74)		24		(1,461)
Depreciation and amortization	(197)		(162)		—		(47)		(3)		(3)		(412)
Other income (expense), net	18		(2)		—		36		—		10		62
Income (loss) before interest and tax(1)	366		235		1		153		(8)		(32)		715
Net interest (expense) income	(103)		(39)		—		(17)		3		(96)		(252)
Income tax (expense) benefit	(70)		(49)		—		(54)		(18)		23		(168)
Equity earnings, net	—		—		143		6		84		—		233
(Earnings) losses attributable to noncontrolling interests	—		—		—		(27)		—		1		(26)
Preferred dividends	—		(1)		—		—		—		(37)		(38)
Earnings (losses) from continuing operations	$	193	$	146	$	144	$	61	$	61	$	(141)	464
Earnings from discontinued operations(2)													1,775
Earnings attributable to common shares													$	2,239

(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.

(2)     Includes $1,754 million gain on the sale of our South American businesses in the second quarter of 2020.

SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Six months ended June 30, 2021	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Mexico		Sempra LNG		Consolidating Adjustments, Parent & Other		Total
Revenues	$	2,655	$	2,632	$	—	$	771	$	248	$	(306)	$	6,000
Cost of sales and other expenses	(1,601)		(1,633)		(3)		(410)		(298)		275		(3,670)
Depreciation and amortization	(433)		(353)		—		(108)		(5)		(6)		(905)
Other income (expense), net	57		37		—		(10)		—		23		107
Income (loss) before interest and tax(1)	678		683		(3)		243		(55)		(14)		1,532
Net interest (expense) income	(202)		(79)		—		(55)		11		(158)		(483)
Income tax (expense) benefit	(78)		(102)		—		(121)		(30)		34		(297)
Equity earnings, net	—		—		276		38		267		50		631
(Earnings) losses attributable to noncontrolling interests	—		—		—		(44)		—		1		(43)
Preferred dividends	—		(1)		—		—		—		(41)		(42)
Earnings (losses) attributable to common shares	$	398	$	501	$	273	$	61	$	193	$	(128)	$	1,298
Six months ended June 30, 2020	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Mexico		Sempra LNG		Consolidating Adjustments, Parent & Other		Total
Revenues	$	2,504	$	2,405	$	—	$	584	$	192	$	(130)	$	5,555
Cost of sales and other expenses	(1,369)		(1,483)		—		(248)		(161)		87		(3,174)
Depreciation and amortization	(398)		(321)		—		(94)		(5)		(6)		(824)
Other income (expense), net	49		28		—		(247)		—		(22)		(192)
Income (loss) before interest and tax(1)	786		629		—		(5)		26		(71)		1,365
Net interest (expense) income	(203)		(78)		—		(31)		9		(202)		(505)
Income tax (expense) benefit	(128)		(101)		—		253		(41)		56		39
Equity earnings (losses), net	—		—		249		206		141		(100)		496
(Earnings) losses attributable to noncontrolling interests	—		—		—		(171)		1		1		(169)
Preferred dividends	—		(1)		—		—		—		(73)		(74)
Earnings (losses) from continuing operations	$	455	$	449	$	249	$	252	$	136	$	(389)	1,152
Earnings from discontinued operations(2)													1,847
Earnings attributable to common shares													$	2,999

(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.

(2)     Includes $1,754 million gain on the sale of our South American businesses in the second quarter of 2020.