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Sempra Energy
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Q2 2026 Earnings Presentation
| Jeffrey W. Martin | Page 17 of 11 |
September 22, 2026
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"Q2 2026 Earnings Presentation"
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31 97 249 138 197 238 60 138 230 193 242 253 Sempra Texas Sempra California Sempra Infrastructure Parent Sempra Texas Q2-2026 earnings are higher than Q2-2025 earnings primarily due to higher equity earnings from Oncor Holdings driven by: ? overall higher revenues primarily attributable to: ? the surcharge resulting from the comprehensive base rate review, reflecting the difference between newly approved rates and previously effective rates for the period from January 1, 2026 to June 1, 2026, ? increase due to the UTM and SRP , ? new base rates implemented in June 2026, ? rate updates to reflect increases in invested capital, and ? customer growth, partially offset by ? higher depreciation expense and interest expense associated with increases in invested capital, and ? higher O&M. Three months ended June 30, Six months ended June 30, (Dollars in millions) 2026 2025 2026 2025 Sempra Texas Utilities GAAP Earnings $ 346 $ 208 $ 5 $ 354