secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CALIFORNIA GAS CO (SOCGM)
CIK:        0000092108
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000092108-22-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sempra Q1 GAAP EPS drops to $1.93 from $2.87; adjusted EPS $2.91 vs $2.95
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- GAAP net income $612M ($1.93/diluted share) vs $874M ($2.87) in Q1 2021; revenue $3.82B up 17%.
- Adjusted net income $924M ($2.91/diluted share) vs $900M ($2.95); flat on higher diluted share count of 317M vs 308M.
- Aliso Canyon litigation charge of $66M after tax from settlement of four of five property developer claims.
- Deferred tax expense of $120M booked due to change in indefinite reinvestment assertion related to pending sale of non-controlling interest to ADIA.
- SoCalGas segment earnings $334M vs $407M; revenues rose 32% to $1.99B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000009/0000092108-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000009/socalgas-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000092108-22-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer