SaskEnergy First Quarter Report - June 30, 2025

Notes to the Consolidated Financial Statements (unaudited)

11.

Natural Gas Sales and Purchases

For the Three Months Ended June 30,

Asset 2025

Asset 2024

(millions)

Commodity Optimization Total

Commodity Optimization Total

NATURAL GAS SALES Realized sales

$

25

$

33

$

58

$

26

$

13

$

39

Change in fair value of natural gas derivative instruments

-

4

4

1

2

3

25

37

62

27

15

42

NATURAL GAS PURCHASES Realized purchases (net of change in inventory) Change in fair value of natural gas derivative instruments

(20)

(27)

(47)

(20)

(12)

(32)

(7)

(3)

(10)

(6)

-

(6)

Change in revaluation of natural gas in storage to net realizable value

-

-

-

-

(1)

(1)

(27)

(30)

(57)

(26)

(13)

(39)

$

(2)

$

7

$

5

$

1

$

2

$

3

12.

Delivery Revenue

For the Three Months Ended June 30,

(millions)

2025

2024

Basic monthly charge Delivery revenue

$

36 23

$

36 23

Other

2

2

$

61

$

61

13.

Transportation and Storage Revenue

For the Three Months Ended June 30,

(millions)

2025

2024

Transportation Firm Interruptible

$

60

$

57

2

2

62

59

Storage

3

3

$

65

$

62

25

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