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Southern California Gas Co (92108) SEC Filing 10-Q Quarterly Report for the period ending Friday, June 30, 2023

SEC Filings

92108 Quarterly Reports

  • 10-Q Quarterly Report August 2023

92108 Corporate News

Southern California Gas Co

HISTORY TOOLS
CIK: 92108

Exhibit 99.1

sempraa.jpg
NEWS RELEASE
Media Contact:Patricia Kakridas
Sempra
(877) 340-8875
media@sempra.com
Financial Contact:Jenell McKay
Sempra
(877) 736-7727
investor@sempra.com
Sempra Reports Second-Quarter 2023 Earnings Results

SAN DIEGO, August 3, 2023 — Sempra (NYSE: SRE) (BMV: SRE) today announced second-quarter 2023 earnings of $603 million, or $1.91 per diluted share, compared to second-quarter 2022 earnings of $559 million, or $1.77 per diluted share. On an adjusted basis, the company’s second-quarter 2023 earnings were $594 million, or $1.88 per diluted share, compared to $626 million, or $1.98 per diluted share, in 2022.

“Today, Sempra is continuing its mission to build North America’s premier energy infrastructure company, and we take a lot of pride in our progress,” said Jeffrey W. Martin, chairman and chief executive officer of Sempra. “We have been successful in simplifying our business model and rotating capital into our three growth platforms — Sempra California, Sempra Texas and Sempra Infrastructure. In combination, these actions have contributed to another strong quarter of financial performance, while also positioning us for continued growth and value creation through the end of the decade.”

Sempra's earnings for the first six months of 2023 were $1.572 billion, or $4.97 per diluted share, compared with earnings of $1.171 billion, or $3.70 per diluted share, in the first six months of 2022. Adjusted earnings for the first six months of 2023 were $1.516 billion, or $4.80 per diluted share, compared to $1.550 billion, or $4.90 per diluted share, in the first six months of 2022.

The reported financial results reflect certain significant items as described on an after-tax basis in the following table of GAAP (generally accepted accounting principles in the United States of America) earnings,

The following information was filed by Southern California Gas Co on Thursday, August 3, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Southern California Gas Co's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover
Condensed Balance Sheets - Sdg&Amp;E
Condensed Balance Sheets - Sdg&Amp;E (Parentheticals)
Condensed Balance Sheets - Socalgas
Condensed Balance Sheets - Socalgas (Parentheticals)
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parentheticals)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
Condensed Statements Of Cash Flows - Sdg&Amp;E
Condensed Statements Of Cash Flows - Socalgas
Condensed Statements Of Changes In Shareholder???S Equity - Sdg&Amp;E
Condensed Statements Of Changes In Shareholders??? Equity - Socalgas
Condensed Statements Of Changes In Shareholders??? Equity - Socalgas (Parenthetical)
Condensed Statements Of Comprehensive Income (Loss) - Sdg&Amp;E
Condensed Statements Of Comprehensive Income (Loss) - Socalgas
Condensed Statements Of Operations - Sdg&Amp;E
Condensed Statements Of Operations - Socalgas
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Changes In Equity (Parenthetical)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Contractual Commitments &Amp; Environmental Issues (Details)
Commitments And Contingencies - Lease Information (Details)
Commitments And Contingencies - Lease Information Narrative (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Other Litigation (Details)
Debt And Credit Facilities
Debt And Credit Facilities (Tables)
Debt And Credit Facilities - Committed Lines Of Credit (Details)
Debt And Credit Facilities - Narrative (Details)
Debt And Credit Facilities - Uncommitted Letters Of Credit (Details)
Debt And Credit Facilities - Weighted-Average Interest Rates And Interest Rate Swaps (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Cash Flow Hedges Narrative (Details)
Derivative Financial Instruments - Derivative Commodity Volumes (Details)
Derivative Financial Instruments - Derivative Impact On Income (Details)
Derivative Financial Instruments - Derivative Instruments On The Condensed Balance Sheet (Details)
Derivative Financial Instruments - Derivative Instruments With Contingent Features (Details)
Derivative Financial Instruments - Derivative Notionals (Details)
Derivative Financial Instruments - Interest Rate Derivatives (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Financial Instruments (Details)
Fair Value Measurements - Recon Of Level 3 Assets (Details)
Fair Value Measurements - Recurring Fair Value Measures (Details)
General Information And Other Financial Data
General Information And Other Financial Data (Policies)
General Information And Other Financial Data (Tables)
General Information And Other Financial Data - Affiliates Revenue And Cost Of Sales (Details)
General Information And Other Financial Data - Capitalized Financing Costs (Details)
General Information And Other Financial Data - Cash, Cash Equivalents And Restricted Cash (Details)
General Information And Other Financial Data - Changes In Accumulated Other Comprehensive Income (Details)
General Information And Other Financial Data - Credit Losses (Details)
General Information And Other Financial Data - Dedicated Assets In Support Of Certain Benefits Plans (Details)
General Information And Other Financial Data - Earnings Per Common Share (Details)
General Information And Other Financial Data - Income Taxes (Details)
General Information And Other Financial Data - Income Taxes Narrative (Details)
General Information And Other Financial Data - Inventories (Details)
General Information And Other Financial Data - Note Receivable (Details)
General Information And Other Financial Data - Other Income, Net (Details)
General Information And Other Financial Data - Pension And Other Postretirement Benefits (Details)
General Information And Other Financial Data - Principles Of Consolidation (Details)
General Information And Other Financial Data - Property, Plant And Equipment (Details)
General Information And Other Financial Data - Reclassification From Accumulated Other Comprehensive Income (Details)
General Information And Other Financial Data - Shareholders??? Equity And Noncontrolling Interests - Other Noncontrolling Interests (Details)
General Information And Other Financial Data - Shareholders??? Equity And Noncontrolling Interests Narrative (Details)
General Information And Other Financial Data - Transactions With Affiliates (Details)
General Information And Other Financial Data - Variable Interest Entities (Details)
Insider Trading Arrangements
Investment In Unconsolidated Entities (Tables)
Investments In Unconsolidated Entities
Investments In Unconsolidated Entities - Narrative (Details)
Investments In Unconsolidated Entities - Summarized Financial Information (Details)
New Accounting Standards
Regulatory Matters
Regulatory Matters (Tables)
Regulatory Matters - Cost Of Capital &Amp; Ferc (Details)
Regulatory Matters - Ferc Rate Matters (Details)
Regulatory Matters - General Rate Case (Details)
Regulatory Matters - Regulatory Accounts (Details)
Revenues
Revenues (Tables)
Revenues - Contract Liabilities (Details)
Revenues - Disaggregation Of Revenue (Details)
Revenues - Performance Obligations (Details)
Revenues - Receivables From Revenues From Contracts With Customers (Details)
San Onofre Nuclear Generating Station
San Onofre Nuclear Generating Station (Tables)
San Onofre Nuclear Generating Station - Narrative (Details)
San Onofre Nuclear Generating Station - Nuclear Decommissioning Trusts (Details)
Segment Information
Segment Information (Tables)
Segment Information - Narrative (Details)
Segment Information - Schedule (Details)
Subsequent Event
Subsequent Event (Tables)
Subsequent Event - Narrative (Details)
Subsequent Event - Pro Forma Stock Split (Details)
CIK: 92108
Form Type: 10-Q Quarterly Report
Accession Number: 0001032208-23-000043
Submitted to the SEC: Thu Aug 03 2023 4:40:28 PM EST
Accepted by the SEC: Thu Aug 03 2023
Period: Friday, June 30, 2023
Industry: Natural Gas Transmission

External Resources:
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