SaskEnergy Second Quarter Report - September 30, 2024

Financial and Operating Highlights

Three months ended September 30,

Six months ended September 30,

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

2024

2023

2024

2023

48 61

109 123

Delivery

43 58

100 117

Transportation and storage Realized commodity margin

3 2

9 3

5 5 7

20

Realized asset optimization margin Customer capital contributions Total revenue and margins

6

12

15

11

126

259

118

254

28 53 35

60

Employee benefits

26 47 35

54 95 70 11

102

Operating and maintenance Depreciation and amortization

69 11

6

Saskatchewan taxes

6 1

(2)

(2)

Loss (recovery) on trade and other receivables

1

19

38

Net finance expense Other net losses (gains)

19

38

2

2

(2)

(1)

Total expenses

141

280

132

268

(15)

(21)

Net loss before unrealized market value adjustments

(14)

(14) (14) (28)

(1)

(5)

Market value adjustments CONSOLIDATED NET LOSS

3

(16)

(26)

(11)

60 73

139 109

Cash provided by operating activities Cash used in investing activities Cash used in financing activities

58 79

142 111

(13)

48

-

33 10

4

8

Dividends declared

6

3,623 1,840 60.1%

Total assets Total net debt

3,498 1,829 60.0%

Debt/Equity ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

2 2

7 7

2 2

7 7

Commercial

45 49

90

Industrial

45 49

90

Total

104

104

50% warmer 33% warmer 16% warmer 18% warmer

Weather (compared to last 30 years) Transmission energy (petajoules) Domestic

80

162

82

167

1

1

Export

5

9

Total

81

163

87

176

Cash used in Investing Activities $ millions

(Loss) Income before MVA $ millions

Cash from Operations $ millions

142

139

10

100 150

(30) (15) 0 15

100 150

109

111

96

99

0 50

0 50

(14)

(21) 2024

2024

2023

2022

2023

2022

2024

2023

2022

3

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