UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 | | | | | | Former name, former address | | --- | --- | --- | --- | --- | --- | | | | | | I.R.S. | and former | | | | | | Employer | fiscal year, if | | Commission File No. | | Exact Name of Registrant as Specified in its Charter, Address of Principal Executive Office and Teleph ...

Financial Data and Key Metrics Changes - The company reported third quarter 2023 GAAP earnings of $721 million or $1.14 per share, compared to $485 million or $0.77 per share in the same quarter of 2022 [39] - Adjusted earnings for the third quarter 2023 were $685 million or $1.08 per share, up from $622 million or $0.98 per share in the third quarter of 2022 [39] - Year-to-date 2023 adjusted earnings per share reached $3.48, with expectations to be at or above the high end of the 2023 adjusted EPS guidance range [24][39] Business Line Data and Key Metrics Changes - At Sempra Texas, there was a $49 million increase in equity earnings driven by weather-related consumption, new base rates, and customer growth [40] - Sempra Infrastructure saw a $21 million decrease in net interest expense due to higher capitalization of interest on projects under construction [40] - Oncor connected around 20,000 additional premises and managed a 34% increase in active transmission interconnection requests compared to last year [14][26] Market Data and Key Metrics Changes - Foreign direct investment in North America rose sharply by approximately 40% over the prior year, with Mexico surpassing China as America's largest trading partner [11] - The load demand in the Permian Basin is projected to increase from 4.2 gigawatts to roughly 17.2 gigawatts over the next decade [16] Company Strategy and Development Direction - The company aims to build North America's premier energy infrastructure, focusing on attractive markets with strong economic growth and constructive regulation [1] - The five-year capital plan is expected to increase by 10% to 20%, primarily driven by regulated utility investments, especially in Texas [55][133] - The company is pursuing innovative technologies, including utility-owned energy storage, to enhance reliability and support the energy transition [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities in Texas, highlighting the state's pro-business climate and diversified job creation [57][59] - The company anticipates significant growth in multiple areas of Oncor's service territory, supported by new legislation aimed at improving grid resiliency [59][66] - Management reaffirmed the long-term EPS growth rate of 6% to 8%, emphasizing the company's ability to deliver competitive returns [55][147] Other Important Information - The company is considering resegmentation of its California operations to simplify its business model, which may enhance operational efficiency [72][127] - The company has received regulatory approvals for key projects, including Port Arthur LNG Phase 2, which is expected to double the total capacity of the facility [68][70] Q&A Session Summary Question: What are the sources of funding for the increased CapEx? - Management indicated that they would consider all financing options, including common equity, to support the anticipated 10% to 20% increase in the capital plan [46][47] Question: What factors could dictate the range of CapEx increase? - Management noted that the final decisions regarding the capital plan would be made in consultation with the Oncor Board, with expectations of significant increases based on current growth trends [48][49] Question: How does the company view its LNG strategy? - Management expressed confidence in the LNG strategy, highlighting progress in development projects and the potential for significant commercial opportunities [52][54] Question: What is the goal of the resegmentation in California? - The resegmentation aims to simplify the business structure and improve operational efficiency, while still providing detailed financial information for individual segments [127][137] Question: How does the company plan to manage regulatory lag? - Management emphasized the importance of legislative changes that reduce regulatory lag, which will support earnings growth as the rate base expands [120][143]

Third Quarter 2023 Earnings Results Statements Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: California wildfires, including potential liability for damages regardless of fault and any inability to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, rates from customers or a combination thereof; decisions, investigations, ...

August 3, 2023 In this presentation, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expres ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) | | | | | | Former name, former address | | --- | --- | --- | --- | --- | --- | | | | | | I.R.S. | and former | | Commission | | Exact Name of Registrant as Specified in its Charter, | State of | Employer Identification | fiscal year, if changed since | | File No. | | Address of Principal Executive Office and Telephone Number | Incorporation | No. | last report | | 1-14201 | SEMPRA | | California | 33-0732627 | No c ...

Sempra (NYSE:SRE) Q2 2023 Earnings Conference Call August 3, 2023 12:00 PM ET Company Participants Glen Donovan - VP, IR Jeffrey Martin - Chairman, President & CEO Trevor Mihalik - CFO & EVP Justin Bird - CEO Allen Nye - CEO & Director Faisel Khan - Former SVP, Finance Kevin Sagara - EVP & Group President, California Utilities Conference Call Participants Shahriar Pourreza - Guggenheim Securities Durgesh Chopra - Evercore ISI Julien Dumoulin-Smith - Bank of America Merrill Lynch Nicholas Campanella - Crédit ...

Financial Data and Key Metrics Changes - For Q1 2023, the company reported GAAP earnings of $969 million, or $3.07 per share, compared to $612 million, or $1.93 per share in Q1 2022. Adjusted earnings were $922 million, or $2.92 per share, slightly down from $924 million, or $2.91 per share in the same period last year [87][88]. Business Line Data and Key Metrics Changes - Oncor's updated 5-year capital plan increased from approximately $15 billion to $19 billion, reflecting strong demand growth and the need for additional capital investments in transmission and distribution [40][73]. - Sempra Infrastructure's new capital plan includes $3.6 billion, which incorporates Sempra's proportionate share of Port Arthur LNG Phase 1 [56][82]. Market Data and Key Metrics Changes - The company anticipates a 9% average annual growth rate in its rate base over the next five years, with over 70% dedicated to electric infrastructure [63]. - Oncor experienced a 41% increase in active and retail transmission interconnection requests compared to the previous year, indicating robust premise growth [76]. Company Strategy and Development Direction - The company announced a new 5-year capital plan of $40 billion, focusing on building leading transmission and distribution infrastructure in attractive North American markets [42][91]. - The strategy includes a three-pronged approach to affordability, emphasizing cost control, sourcing external funding, and advocating for meaningful rate reform [16][19]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a 6% to 8% compounded annual EPS growth rate, supported by a robust capital plan and favorable macroeconomic conditions [43][94]. - The company is focused on creating value for shareholders while supporting customers, with an emphasis on safety, reliability, and sustainability in its operations [94][70]. Other Important Information - The company is actively pursuing net-zero solutions, including carbon capture and hydrogen hub projects, which are expected to play a significant role in its future growth [4][49]. - The company has committed to maintaining low costs for consumers amid rising living costs and inflation, highlighting affordability as a top priority [9][66]. Q&A Session Summary Question: Are Texas legislation outcomes included in the 2023 or 2024 numbers? - Management confirmed that the current plan does not include Texas legislation outcomes but expects constructive outcomes that could benefit the plan [98][100]. Question: What is the growth rate outlook for 2025? - Management indicated that growth in 2025 will largely depend on the outcomes of ongoing rate cases in California and the expected commercial operation date for ECA Phase 1 [122][123]. Question: Can you elaborate on the funding plan for the higher CapEx? - The CFO outlined a multi-faceted funding strategy, including selling non-core assets, project-level debt and equity, and raising capital at operating companies [109][112]. Question: Will there be equity issuance through 2027? - Management stated that while there are no current plans for equity issuance, the situation is dynamic and will be evaluated as needed [134][136].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Former name, former address I.R.S. and former Employer fiscal year, if Commission Exact Name of Registrant as Specified in its Charter, State of Identifica ...

February 28, 2023 | 2 • Executive Summary • Closing Remarks Fourth Quarter 2022 Earnings Results Statements Table of Contents • Business Updates | 3 | 4 Sempra California is investing in infrastructure to create an increasingly safe and reliable system, support electrification, and deliver cleaner fuels Sempra Infrastructure is delivering global solutions to customers supporting energy security and the energy transition • Affirming FY-2023 EPS guidance range of $8.60 – $9.20 1. Based on midpoint of 2023 EPS ...

Sempra (NYSE:SRE) Q4 2022 Earnings Conference Call February 28, 2023 12:00 PM ET Company Participants Glen Donovan - Investor Relations Jeff Martin - Chairman and Chief Executive Officer Trevor Mihalik - Executive Vice President and Chief Financial Officer Kevin Sagara - Executive Vice President and Group President Justin Bird - Chief Executive Officer, Sempra Infrastructure Allen Nye - Chief Executive Officer, Oncor Peter Wall - Senior Vice President, Controller and Chief Accounting Officer Conference Call ...