SaskEnergy Third Quarter Report - December 31, 2024

Financial and Operating Highlights

Three months ended December 31,

Nine months ended December 31,

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

2024

2023

2024

2023

96 64 12

205 187

Delivery

90 60

190 177

Transportation and storage Net commodity sales realized Realized asset optimization margin Customer capital contributions

21

8 4 7

28 10 18

6

9

12

27

Total revenue and margins

190

449

169

423

30 55 35

90

Employee benefits

28 53 35

82

157 104

Operating and maintenance Depreciation and amortization

148 105

4 2

15

Saskatchewan taxes

4

15

-

Loss (recovery) on trade and other receivables

(3)

(2)

19

57

Net finance expense

21

59

-

2

Other net losses Total expenses

3

2

145

425

141

409

45

24

Net income before unrealized market value adjustments

28

14

2

(3)

Market value adjustments CONSOLIDATED NET LOSS

(24)

(38) (24)

47 87

21

4

226

Cash provided by operating activities Cash used in investing activities

67

209

(106)

(215)

(85)

(196)

18

(30)

Cash (used in) provided by financing activities

14

(19)

7

15

Dividends declared

5

15

3,766 1,896 60.0%

Total assets Total net debt

3,616 1,867 60.5%

Debt/Equity ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

13 11 52 76

20 18

11 10 49 70

18 17

Commercial

142 180

Industrial

139 174

Total

1% warmer 15% warmer

6% warmer 16% warmer

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

110

272

104

271

1

2

Export

2

11

Total

111

274

106

282

Cash used in Investing Activities $ millions

Income before MVA $ millions

Cash from Operations $ millions

180 270

0 30 60 90

180 270

226

72

215

209

196

162

161

24

0 90

0 90

14

2024

2023

2022

2024

2023

2022

2024

2023

2022

3

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