Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 86

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 86
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Us and exercise of stock options in an amount sufficient to satisfy minimum statutory tax withholding requirements. Such share withholding is considered a share repurchase for accounting purposes.

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NONCONTROLLING INTERESTSOwnership interests in a consolidated entity that are held by unconsolidated owners are accounted for and reported as NCI.The following table summarizes net income attributable to Sempra and transfers (to) from NCI, which shows the effects of changes in Sempra’s ownership interest in its subsidiaries on Sempra’s shareholders’ equity.NET INCOME ATTRIBUTABLE TO SEMPRA AND TRANSFERS (TO) FROM NCI(Dollars in millions)Three months endedNine months ended September 30, 2025Sempra: Net income attributable to Sempra$95 $1,485 Transfers (to) from NCI:Increase in shareholders’ equity from investor equity subscription 16 16 Increase in shareholders’ equity from allocation of interests(1)635 635 Net transfers (to) from NCI651 651 Change from net income attributable to Sempra and transfers (to) from NCI$746 $2,136 (1)    We describe the allocation of interests in Note 10.SI Partners SubsidiariesBoth SI Partners and ConocoPhillips have provided guarantees relating to their respective affiliate’s commitment to make its pro rata equity share of capital contributions to fund 110% of the development budget of the PA LNG Phase 1 project, in an aggregate amount of up to $9.0 billion. SI Partners’ guarantee covers 70% of this amount plus enforcement costs of its guarantee. As of September 30, 2025, an aggregate amount of $2.7 billion has been paid by SI Partners’ subsidiary in satisfaction of its commitment to fund its portion of the development budget of the PA LNG Phase 1 project.

EARNINGS PER COMMON SHARE Basic EPS is calculated by dividing earnings attributable to common shares by the weighted-average number of common shares outstanding for the period. Diluted EPS includes the potential dilution of common stock equivalent shares that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.EARNINGS PER COMMON SHARE COMPUTATIONS(Dollars in millions, except per share amounts; shares in thousands) Three months ended September 30,Nine months ended September 30, 2025202420252024Sempra:Numerator:    Earnings attributable to common shares$77 $