SaskEnergy 2024-25 Annual Report

Financial and Operating Highlights

Quarterly Financial and Operating Highlights 2023-24 CONSOLIDATED FINANCIAL INFORMATION ($ millions)

March 31, 2024

Q1

Q2

Q3

Q4

114 $

304 236

Delivery

$

57 $

43 $

90 $

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

59 15

58

60

59 14

42 12 28

5 5 7

8 4 7

1 4

2

10

Total revenue and margins

136

118

169

199

622 119 206 140

Employee benefits

28 48 35

26 47 35

28 53 35

37 58 35

Operating and maintenance Depreciation and amortization

19

Saskatchewan taxes

5

6 1

4

4 2

-

Loss (recovery) on trade and other receivables

-

(3)

78

Net finance expenses Other net losses (gains)

19

19

21

19

5

1

(2)

3

3

Total expenses

136

132

141

158

567

CONSOLIDATED INCOME (LOSS) before unrealized market value adjustments

$ $

- $ 4 $

(14) $

28 $

41 $

55 21

6 $

Dividends declared

6 $

5 $

345

Cash provided by operating activities Cash used in investing activities Cash used in financing activities Property, plant and equipment additions

84

58

67

136

(269)

(32) (33)

(79)

(85) (14)

(73) (15)

(62)

-

246

29

78

75

64

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

35 31

5 5

2 2

11 10 49 70

17 14 53 84

Commercial

192 258

Industrial

45 55

45 49

TOTAL

13% warmer 33% warmer 15% warmer 1% warmer 9% warmer

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

389

85

82

104

118

11

Export

4

5

2

-

TOTAL

89

87

106

118

400

20

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