SaskEnergy Third Quarter Report - December 31, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Income

For the Three Months Ended December 31, 2024

For the Three Months Ended December 31, 2023

Income before Unrealized Market Value Adjust- ments

Income before Unrealized Market Value Adjust- ments

Unrealized Market Value Adjust- ments (Note 11)

Unrealized Market Value Adjust- ments (Note 11)

Total

Total

(millions)

Notes

REVENUE Natural gas sales

12 13 14

$

96 96 64 12

$

(2)

$

94 96 64 12

$

96 90 60

$

2

$

98 90 60

Delivery

- - -

- - -

Transportation and storage Customer capital contributions

7

7

268

(2)

266

253

2

255

EXPENSES Natural gas purchases (net of change in inventory)

12

78 30 55 35

(4)

74 30 55 35

84 28 53 35

26

110

Employee benefits

- - - -

- - - -

28 53 35

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

4

4

4

4

Loss (recovery) on trade and other receivables

2

-

2

(3)

-

(3)

204

(4)

200

201

26

227

NET INCOME BEFORE THE FOLLOWING Net finance expenses

64

2

66

52

(24)

28

15

(19)

- -

(19)

(21)

- -

(21)

Other losses

-

-

(3)

(3)

TOTAL NET INCOME

$

45

$

2

$

47

$

28

$

(24)

$

4

ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME Change in fair value of debt retirement funds designated as FVOCI (1)

-

(3)

(3)

-

14

14

COMPREHENSIVE INCOME

$

45

$

(1)

$

44

$

28

$

(10)

$

18

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

17

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