SaskEnergy Second Quarter Report - September 30, 2024

Notes to the Consolidated Financial Statements (unaudited)

12.

Natural Gas Sales and Purchases

2023 For the Three Months Ended September 30,

Asset 2024

Asset

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales

$

$

19

$

-

19

$

22

$

-

$

22

Realized on natural gas derivative instruments

-

14

14

-

38

38

Change in fair value of natural gas derivative instruments

(1)

(1)

(2)

-

(3)

(3)

18

13

31

22

35

57

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments

(16)

(12)

(28)

(17)

(33)

(50)

1

(1)

-

5

1

6

Change in revaluation of natural gas in storage to net realizable value

-

1

1

-

-

-

(15)

(12)

(27)

(12)

(32)

(44)

$

3

$

1

$

4

$

10

$

3

$

13

2023 For the Six Months Ended September 30,

Asset 2024

Asset

Commodity Optimization Total

(millions)

Commodity Optimization Total

NATURAL GAS SALES Natural gas sales

$

$

45

$

-

45

$

58

$

-

$

58

Realized on natural gas derivative instruments

-

27

27

-

75

75

Change in fair value of natural gas derivative instruments

-

1

1

-

(7)

(7)

45

28

73

58

68

126

NATURAL GAS PURCHASES Realized on natural gas derivative instruments Change in fair value of natural gas derivative instruments

(36)

(24)

(60)

(38)

(69)

(107)

(5)

(1)

(6)

(11) (49)

4

(7)

(41)

(25)

(66)

(65)

(114)

$

4

$

3

$

7

$

9

$

3

$

12

29

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