Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Comprehensive Loss
For the Three Months Ended September 30, 2025
For the Three Months Ended September 30, 2024
Loss before Unrealized Market Value Adjust- ments
Loss 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
$
32 47 65 11
$
- - - - -
$
32 47 65 11
$
33 48 61 12
$
(2)
$
31 48 61 12
Delivery
- - -
Transportation and storage Customer capital contributions
155
155
154
( 2)
152
EXPENSES Natural gas purchases (net of change in inventory)
11
27 29 59 36
1
28 29 59 36
28 28 53 35
( 1)
27 28 53 35
Employee benefits
- - - -
- - - -
Operating and maintenance Depreciation and amortization
Saskatchewan taxes
7
7
6
6
Recovery on trade and other receivables
-
-
-
( 2)
-
(2)
158
1
159
148
( 1)
147
NET (LOSS) INCOME BEFORE THE FOLLOWING
(3)
(1)
(4)
6
( 1)
5
Net finance expenses
14
(18)
- -
(18)
(19)
- -
(19)
Other losses
(4)
(4)
( 2)
(2)
TOTAL NET LOSS
$
(25)
$
(1)
$
(26)
$
(15)
$
(1)
$
(16)
ITEMS THAT MAY BE RECLASSIFIED TO NET LOSS Change in fair value of debt retirement funds designated as FVOCI (1)
-
(4)
(4)
-
7
7
COMPREHENSIVE LOSS
$
(25)
$
(5)
$
(30)
$
(15)
$
6
$
(9)
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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