Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 59

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 59
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 withholding is considered a share repurchase for accounting purposes.

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Table of Contents

NONCONTROLLING INTERESTSOwnership interests in a consolidated entity that are held by unconsolidated owners are accounted for and reported as NCI.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 March 31, 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 March 31, 20252024Sempra:Numerator:  Earnings attributable to common shares$906 $801 Denominator:  Weighted-average common shares outstanding for basic EPS(1)651,992 632,821 Dilutive effect of common shares sold forward— 673 Dilutive effect of stock options and RSUs(2)1,026 1,860 Weighted-average common shares outstanding for diluted EPS653,018 635,354 EPS:Basic$1.39 $1.27 Diluted$1.39 $1.26 (1)    Includes 516 and 624 fully vested RSUs held in our Deferred Compensation Plan for the three months ended March 31, 2025 and 2024, respectively. These fully vested RSUs are included in weighted-average common shares outstanding for basic EPS because there are no conditions under which the corresponding shares will not be issued.(2)    Due to market fluctuations of both Sempra common stock and the comparative indices used to determine the vesting percentage of our total shareholder return performance-based RSUs, which we discuss in Note