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CONSOLIDATED STATEMENTS OF EARNINGS
$ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
CAD ($)
$ / shares
Dec. 31, 2023
CAD ($)
$ / shares
Dec. 31, 2022
CAD ($)
$ / shares
Operating revenues      
Total operating revenues (Note 4) $ 53,473 $ 43,649 $ 53,309
Operating expenses      
Operating and administrative 9,427 8,600 8,219
Depreciation and amortization 5,167 4,613 4,317
Impairment of long-lived assets 190 419 541
Impairment of goodwill 0 0 2,465
Total operating expenses 43,824 34,998 48,131
Operating income 9,649 8,651 5,178
Income from equity investments (Note 13) 2,304 1,816 2,056
Gain on disposition of equity investments (Note 13) 1,091 0 0
Gain on joint venture merger transaction (Note 13) 0 0 1,076
Other income/(expense) (Note 27) (1,326) 1,224 (589)
Interest expense (Note 17) (4,419) (3,812) (3,179)
Earnings before income taxes 7,299 7,879 4,542
Income tax expense (Note 24) (1,668) (1,821) (1,604)
Earnings 5,631 6,058 2,938
(Earnings)/loss attributable to noncontrolling interests (190) 133 65
Earnings attributable to controlling interests 5,441 6,191 3,003
Preference share dividends (388) (352) (414)
Earnings attributable to common shareholders $ 5,053 $ 5,839 $ 2,589
Earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ / shares $ 2.34 $ 2.84 $ 1.28
Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ / shares $ 2.34 $ 2.84 $ 1.28
Commodity sales      
Operating revenues      
Total operating revenues (Note 4) $ 27,018 $ 18,981 $ 29,150
Operating expenses      
Commodity costs and Gas distribution costs 26,556 18,526 28,942
Gas distribution sales      
Operating revenues      
Total operating revenues (Note 4) 6,802 5,442 6,237
Operating expenses      
Commodity costs and Gas distribution costs 2,484 2,840 3,647
Transportation and other services      
Operating revenues      
Total operating revenues (Note 4) $ 19,653 $ 19,226 $ 17,922