Sempra (SRE) Q2 2023 Earnings Call Transcript

For the period ending June 30, 2023

August 3, 2023 12:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, and welcome to Sempra's Second Quarter Earnings Call. Today's conference is being recorded. At this time, I'd like to turn it over to Glen Donovan. Please go ahead.

Glen Donovan

Good morning, and welcome to Sempra's Second Quarter 2023 Earnings Call. A live webcast of this teleconference and slide presentation are available on our website under our Events and Presentations section.

We have several members of our management team with us today, including Jeff Martin, Chairman and Chief Executive Officer; Trevor Mihalik, Executive Vice President and Chief Financial Officer; Kevin Sagara, Executive Vice President and Group President; Justin Bird, Chief Executive Officer of Sempra Infrastructure; Allen Nye, Chief Executive Officer of Oncor; Peter Wall, Senior Vice President, Controller and Chief Accounting Officer; and other members of our senior management team.

Before starting, I'd like to remind everyone that we'll be discussing forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in any forward-looking statements we make today. The factors that could cause our actual results to differ materially are discussed in the company's most recent 10-K and 10-Q filed with the SEC.

Earnings per share amounts in our presentation are shown on a diluted basis, and we'll be discussing certain non-GAAP financial measures. Please refer to the presentation slides that accompany this call for a reconciliation to GAAP measures. We also encourage you to review our 10-Q for the quarter ended June 30, 2023.

Please note that these earnings per share amounts do not reflect the 2-for-1 stock split in the form of a 100% stock dividend that we announced earlier this morning. These amounts will be updated when we announce our third quarter and full year 2023 financial results.

I'd also like to mention that the forward-looking statements contained in this presentation speak only of today, August 3, 2023, and it's important to note that the company does not assume any obligation to update or revise any of these forward-looking statements in the future. With that, please turn to Slide 4, and let me hand the call over to Jeff.

Jeffrey Martin

Thank you all for joining us today. Earlier this summer, Sempra celebrated its 25th anniversary. While the company was founded in 1998, our operational routes at San Diego Gas & Electric and SoCalGas date back to the late 1800s. Over that time, we've embraced a strong commitment to serving others, delivering energy with purpose and bettering our communities.