secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CALIFORNIA GAS CO (SOCGM)
CIK:        0000092108
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000092108-22-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sempra Q2 2022 adjusted EPS $1.98 vs $1.63 YoY; SoCalGas segment reports $45M Aliso Canyon charge
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- GAAP EPS $1.77 ($559M) vs $1.37 ($424M) YoY; adjusted EPS $1.98 ($626M) vs $1.63 ($504M).
- SoCalGas Q2 revenue $1.5B (+34% YoY) but segment earnings fell to $87M from $94M due to $45M Aliso Canyon litigation charge.
- Six-month adjusted EPS $4.90 vs $4.58; GAAP EPS $3.70 vs $4.24 (impacted by $120M deferred tax on sale of NCI to ADIA).
- Aliso Canyon litigation: $45M charge in Q2 and $137M YTD; four property developer claims settled in Q1 2022.
- No updated guidance provided in the release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000013/0000092108-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000013/socalgas-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000092108-22-000013

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