SaskEnergy Third Quarter Report - December 31, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Income (Loss)

For the Nine Months Ended December 31, 2024

For the Nine 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

$

168 205 187

$

(1)

$

167 205 187

$

229 190 177

$

(5)

$

224 190 177

Delivery

- - -

- - -

Transportation and storage Customer capital contributions

27

27

18

18

587

(1)

586

614

(5)

609

EXPENSES Natural gas purchases (net of change in inventory)

12

138

2

140

191

33

224

Employee benefits

90

- - - -

90

82

- - - -

82

Operating and maintenance Depreciation and amortization

157 104

157 104

148 105

148 105

Saskatchewan taxes

15

15

15

15

Recovery on trade and other receivables

-

-

-

(2)

-

(2)

504

2

506

539

33

572

NET INCOME BEFORE THE FOLLOWING Net finance expenses

83

(3)

80

75

(38)

37

15

(57)

- -

(57)

(59)

- -

(59)

Other losses

(2)

(2)

(2)

(2)

TOTAL NET INCOME (LOSS)

$

24

$

(3)

$

21

$

14

$

(38)

$

(24)

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

-

4

4

-

4

4

COMPREHENSIVE INCOME (LOSS)

$

24

$

1

$

25

$

14

$

(34)

$

(20)

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

18

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