Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Comprehensive Income
For the Three Months Ended December 31, 2025
For the Three Months Ended December 31, 2024
Income before Unrealized Market Value Adjust- ments
Income before Unrealized Market Value Adjust- ments
Unrealized Market Value Adjust- ments (Note 10)
Unrealized Market Value Adjust- ments (Note 10)
Total
Total
(millions)
Notes
REVENUE Natural gas sales
11 12 13
$
117 100
$
(3)
$
114 100
$
96 96 64 12
$
(2)
$
94 96 64 12
Delivery
- - -
- - -
Transportation and storage Customer capital contributions
66 10
66 10
293
(3)
290
268
(2)
266
EXPENSES Natural gas purchases (net of change in inventory)
11
84 33 58 38
(1)
83 33 58 38
78 30 55 35
(4)
74 30 55 35
Employee benefits
- - - - -
- - - - -
Operating and maintenance Depreciation and amortization
Saskatchewan taxes
4 1
4 1
4 2
4 2
Loss on trade and other receivables
218
(1)
217
204
(4)
200
NET INCOME BEFORE THE FOLLOWING
75
(2)
73
64
2
66
Net finance expenses
14
(20)
- -
(20)
(19)
- -
(19)
Other losses
(1)
(1)
-
-
TOTAL NET INCOME
$
54
$
(2)
$
52
$
45
$
2
$
47
ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME Change in fair value of debt retirement funds designated as FVOCI (1)
-
3
3
-
(3)
(3)
COMPREHENSIVE INCOME
$
54
$
1
$
55
$
45
$
(1)
$
44
The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)
14
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