Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 127

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 127
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 impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives |

| • | $8 million net unrealized gains on commodity derivatives |

Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation on our monetary positions in Mexico and net unrealized gains and losses on commodity and interest rate derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra’s business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP.

| (1) | This description and reconciliation are different than the predefined adjustments to earnings for annual bonus plan purposes. Please see Appendix B for information about those adjustments. |

| 100 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Appendix A

| RECONCILIATION OF ADJUSTED EARNINGS TO GAAP EARNINGS AND ADJUSTED EPS TO GAAP EPS                                  
 (Dollars in millions, except EPS; shares in thousands)                                                             
 Year ended December 31, 2024                                                                                       |     |                       Pretax 
                       amount |     | Income tax 
  (benefit) 
 expense(1) |     |        Non- 
 controlling 
   interests |     | Earnings |     | Diluted EPS |
|:-------------------------------------------------------------------------------------------------------------------|:----|-----------------------------:|:----|-----------:|:----|------------:|:----|---------:|:----|------------:|
| Sempra GAAP Earnings and GAAP EPS                                                                                  |     |                              |     |            |     |             |     |   $2,817 |     |       $4.42 |
| Excluded items:                                                                                                    |     |                              |     |            |     |             |