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CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Total operating revenues (Note 3) $ 14,882 $ 9,844 $ 37,256 $ 32,351
Operating expenses        
Operating and administrative 2,281 2,055 6,723 6,120
Depreciation and amortization 1,317 1,164 3,783 3,447
Total operating expenses 12,664 8,050 30,054 25,545
Operating income 2,218 1,794 7,202 6,806
Income from equity investments 479 343 1,664 1,338
Gain on disposition of equity investments (Note 6) 0 0 1,091 0
Other income / (expense) 376 (465) (206) 212
Interest expense (1,314) (921) (3,301) (2,709)
Earnings before income taxes 1,759 751 6,450 5,647
Income tax expense (312) (128) (1,437) (1,157)
Earnings 1,447 623 5,013 4,490
Earnings attributable to noncontrolling interests (56) (2) (167) (117)
Earnings attributable to controlling interests 1,391 621 4,846 4,373
Preference share dividends (98) (89) (286) (260)
Earnings attributable to common shareholders $ 1,293 $ 532 $ 4,560 $ 4,113
Earnings per common share attributable to common shareholders (in Canadian dollars per share) $ 0.59 $ 0.26 $ 2.12 $ 2.02
Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share) $ 0.59 $ 0.26 $ 2.12 $ 2.02
Commodity sales        
Operating revenues        
Total operating revenues (Note 3) $ 8,986 $ 4,652 $ 18,422 $ 14,114
Operating expenses        
Commodity costs and Gas distribution costs 8,865 4,648 18,044 13,833
Gas distribution sales        
Operating revenues        
Total operating revenues (Note 3) 702 516 3,181 3,587
Operating expenses        
Commodity costs and Gas distribution costs 201 183 1,504 2,145
Transportation and other services        
Operating revenues        
Total operating revenues (Note 3) $ 5,194 $ 4,676 $ 15,653 $ 14,650