Southern California Gas Company PFD SER A 6% (SOCGP) 8-K Sempra Reports Second-Quarter 2022 Earnings Results

Exhibit 99.2

SEMPRA ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended June 30, 2022	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,399	$	1,501	$	—	$	689	$	(42)	$	3,547
Cost of sales and other expenses	(846)		(1,121)		(1)		(453)		41		(2,380)
Aliso Canyon litigation and regulatory matters	—		(45)		—		—		—		(45)
Depreciation and amortization	(244)		(188)		—		(67)		(2)		(501)
Other income (expense), net	22		4		—		7		(34)		(1)
Income (loss) before interest and tax(1)	331		151		(1)		176		(37)		620
Net interest expense	(113)		(44)		—		(23)		(76)		(256)
Income tax (expense) benefit	(42)		(19)		—		(70)		51		(80)
Equity earnings	—		—		187		188		—		375
Earnings attributable to noncontrolling interests	—		—		—		(88)		—		(88)
Preferred dividends	—		(1)		—		—		(11)		(12)
Earnings (losses) attributable to common shares	$	176	$	87	$	186	$	183	$	(73)	$	559
Three months ended June 30, 2021	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	1,318	$	1,124	$	—	$	341	$	(42)	$	2,741
Cost of sales and other expenses	(800)		(799)		(1)		(256)		30		(1,826)
Depreciation and amortization	(220)		(180)		—		(59)		(4)		(463)
Other income (expense), net	22		(2)		—		33		19		72
Income (loss) before interest and tax(1)	320		143		(1)		59		3		524
Net interest expense	(101)		(40)		—		(25)		(77)		(243)
Income tax expense	(33)		(8)		—		(94)		(4)		(139)
Equity earnings	—		—		139		124		50		313
(Earnings) losses attributable to noncontrolling interests	—		—		—		(11)		1		(10)
Preferred dividends	—		(1)		—		—		(20)		(21)
Earnings (losses) attributable to common shares	$	186	$	94	$	138	$	53	$	(47)	$	424

(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 ENERGY
Table F (Unaudited)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Six months ended June 30, 2022	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	2,844	$	3,494	$	—	$	1,113	$	(84)	$	7,367
Cost of sales and other expenses	(1,682)		(2,411)		(3)		(732)		58		(4,770)
Aliso Canyon litigation and regulatory matters	—		(137)		—		—		—		(137)
Depreciation and amortization	(483)		(375)		—		(132)		(4)		(994)
Other income (expense), net	56		38		—		(9)		(48)		37
Income (loss) before interest and tax(1)	735		609		(3)		240		(78)		1,503
Net interest expense	(219)		(84)		—		(29)		(142)		(474)
Income tax expense	(106)		(103)		—		(161)		(44)		(414)
Equity earnings	—		—		351		350		—		701
Earnings attributable to noncontrolling interests	—		—		—		(122)		—		(122)
Preferred dividends	—		(1)		—		—		(22)		(23)
Earnings (losses) attributable to common shares	$	410	$	421	$	348	$	278	$	(286)	$	1,171
Six months ended June 30, 2021	SDG&E		SoCalGas		Sempra Texas Utilities		Sempra Infrastructure		Consolidating Adjustments, Parent & Other		Total
Revenues	$	2,655	$	2,632	$	—	$	790	$	(77)	$	6,000
Cost of sales and other expenses	(1,601)		(1,633)		(3)		(476)		43		(3,670)
Depreciation and amortization	(433)		(353)		—		(113)		(6)		(905)
Other income (expense), net	57		37		—		(11)		24		107
Income (loss) before interest and tax(1)	678		683		(3)		190		(16)		1,532
Net interest expense	(202)		(79)		—		(45)		(157)		(483)
Income tax (expense) benefit	(78)		(102)		—		(151)		34		(297)
Equity earnings	—		—		276		305		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	$	255	$	(129)	$	1,298

(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.