SaskEnergy First Quarter Report June 30, 2024

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Loss

For the Three Months Ended June 30, 2024

For the Three Months Ended June 30, 2023

Income (Loss) 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

$

39 61 62

$

3

$

42 61 62

$

73 57 59

$

(4)

$

69 57 59

Delivery

- - -

- - -

Transportation and storage Customer capital contributions

3

3

4

4

165

3

168

193

(4)

189

EXPENSES Natural gas purchases (net of change in inventory)

12

32 32 49 34

7

39 32 49 34

57 28 48 35

13

70 28 48 35

Employee benefits

- - - -

- - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

5

5

5

5

152

7

159

173

13

186

NET INCOME BEFORE THE FOLLOWING Net finance expenses

13

(4)

9

20

(17)

3

15

(19)

- -

(19)

(19)

- -

(19)

Other net losses TOTAL NET LOSS

-

-

(1)

(1)

$

(6)

$

(4)

$

(10)

$

-

$

(17)

$

(17)

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

-

-

-

-

(1)

(1)

COMPREHENSIVE LOSS

$

(6)

$

(4)

$

(10)

$

-

$

(18)

$

(18)

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

16

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