Southern California Gas Company PFD SER A 6% (SOCGP) 8-K Sempra Reports 2024 Financial

Exhibit 99.2

SEMPRA
Table F
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Three months ended December 31, 2024	Sempra California		Sempra Texas Utilities(1)		Sempra Infrastructure		Segment Totals		Consolidating Adjustments, Parent & Other		Total
Revenues	$	3,360			$	416	$	3,776	$	(18)	$	3,758
Depreciation and amortization	(548)				(76)		(624)		(2)		(626)
Interest income	2				6		8		6		14
Interest expense(2)	(221)				243		22		(127)		(105)
Income tax (expense) benefit	(94)				97		3		(285)		(282)
Equity earnings	—		$	136	219		355		19		374
Earnings attributable to noncontrolling interests	—		—		(313)		(313)		—		(313)
Other segment items(3)	(1,798)		(1)		(333)		(2,132)		(23)		(2,155)
Earnings (losses) attributable to common shares	$	701	$	135	$	259	$	1,095	$	(430)	$	665
Three months ended December 31, 2023	Sempra California		Sempra Texas Utilities(1)		Sempra Infrastructure		Segment Totals		Consolidating Adjustments, Parent & Other		Total
Revenues	$	2,920			$	586	$	3,506	$	(15)	$	3,491
Depreciation and amortization	(502)				(71)		(573)		(3)		(576)
Interest income	5				18		23		6		29
Interest expense(2)	(205)				(2)		(207)		(107)		(314)
Income tax benefit (expense)	95				(118)		(23)		32		9
Equity earnings	—		$	148	207		355		40		395
Earnings attributable to noncontrolling interests	—		—		(108)		(108)		—		(108)
Other segment items(3)	(1,813)		(2)		(381)		(2,196)		7		(2,189)
Earnings (losses) attributable to common shares	$	500	$	146	$	131	$	777	$	(40)	$	737

(1)    Substantially all earnings attributable to common shares are from equity earnings.

(2)    Sempra Infrastructure includes net unrealized gains (losses) from undesignated interest rate swaps related to the PA LNG Phase 1 project.

(3)    Includes cost of natural gas, cost of electric fuel and purchased power, operation and maintenance expense (O&M), franchise fees and other taxes, and other income (expense), net, for Sempra California; O&M, interest expense, and income tax (expense) benefit for Sempra Texas Utilities related to activities at the holding company; and cost of natural gas, energy-related businesses cost of sales, O&M, franchise fees and other taxes, and other income (expense), net, for Sempra Infrastructure.

SEMPRA
Table F (Continued)
STATEMENTS OF OPERATIONS DATA BY SEGMENT
(Dollars in millions)
Year ended December 31, 2024(1)	Sempra California		Sempra Texas Utilities(2)		Sempra Infrastructure		Segment Totals		Consolidating Adjustments, Parent & Other		Total
Revenues	$	11,382			$	1,882	$	13,264	$	(79)	$	13,185
Depreciation and amortization	(2,133)				(297)		(2,430)		(7)		(2,437)
Interest income	14				25		39		22		61
Interest expense(3)	(848)				243		(605)		(444)		(1,049)
Income tax (expense) benefit	(184)				164		(20)		(199)		(219)
Equity earnings	—		$	788	802		1,590		19		1,609
Earnings attributable to noncontrolling interests	—		—		(638)		(638)		—		(638)
Other segment items(4)	(6,385)		(7)		(1,270)		(7,662)		(33)		(7,695)
Earnings (losses) attributable to common shares	$	1,846	$	781	$	911	$	3,538	$	(721)	$	2,817
Year ended December 31, 2023(1)	Sempra California		Sempra Texas Utilities(2)		Sempra Infrastructure		Segment Totals		Consolidating Adjustments, Parent & Other		Total
Revenues	$	13,761			$	3,071	$	16,832	$	(112)	$	16,720
Depreciation and amortization	(1,937)				(281)		(2,218)		(9)		(2,227)
Interest income	24				43		67		22		89
Interest expense(3)	(782)				(129)		(911)		(398)		(1,309)
Income tax benefit (expense)	31				(673)		(642)		152		(490)
Equity earnings	—		$	701	740		1,441		40		1,481
Earnings attributable to noncontrolling interests	—		—		(543)		(543)		—		(543)
Other segment items(4)	(9,350)		(7)		(1,351)		(10,708)		17		(10,691)
Earnings (losses) attributable to common shares	$	1,747	$	694	$	877	$	3,318	$	(288)	$	3,030

(1)     Derived from audited financial statements.

(2)    Substantially all earnings attributable to common shares are from equity earnings.

(3)    Sempra Infrastructure includes net unrealized gains (losses) from undesignated interest rate swaps related to the PA LNG Phase 1 project.

(4)    Includes cost of natural gas, cost of electric fuel and purchased power, O&M, franchise fees and other taxes, other income (expense), net, and preferred dividends for Sempra California; O&M, interest expense, and income tax (expense) benefit for Sempra Texas Utilities related to activities at the holding company; and cost of natural gas, energy-related businesses cost of sales, O&M, franchise fees and other taxes, and other income (expense), net, for Sempra Infrastructure.