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CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Total operating revenues (Note 3) $ 14,876 $ 11,336 $ 33,378 $ 22,374
Operating expenses        
Operating and administrative 2,310 2,308 4,781 4,442
Depreciation and amortization 1,391 1,273 2,799 2,466
Impairment of long-lived assets (Note 4) 330 0 330 0
Total operating expenses 12,587 9,063 27,417 17,390
Operating income 2,289 2,273 5,961 4,984
Income from equity investments 510 489 1,239 1,185
Gain on disposition of equity investments (Note 6) 0 1,091 0 1,091
Other income/(expense) (Note 12) 1,369 (31) 1,489 (582)
Interest expense (1,181) (1,082) (2,515) (1,987)
Earnings before income taxes 2,987 2,740 6,174 4,691
Income tax expense (666) (739) (1,363) (1,125)
Earnings 2,321 2,001 4,811 3,566
Earnings attributable to noncontrolling interests (42) (58) (168) (111)
Earnings attributable to controlling interests 2,279 1,943 4,643 3,455
Preference share dividends (102) (95) (205) (188)
Earnings attributable to common shareholders $ 2,177 $ 1,848 $ 4,438 $ 3,267
Earnings per common share attributable to common shareholders (Note 5) $ 1 $ 0.86 $ 2.04 $ 1.53
Diluted earnings per common share attributable to common shareholders (Note 5) $ 1 $ 0.86 $ 2.03 $ 1.53
Commodity sales / costs        
Operating revenues        
Total operating revenues (Note 3) $ 8,124 $ 5,291 $ 17,673 $ 9,436
Operating expenses        
Commodity costs and Gas distribution costs 8,008 5,173 17,343 9,179
Gas distribution sales / costs        
Operating revenues        
Total operating revenues (Note 3) 1,763 1,208 5,462 3,169
Operating expenses        
Commodity costs and Gas distribution costs 548 309 2,164 1,303
Transportation and other services        
Operating revenues        
Total operating revenues (Note 3) $ 4,989 $ 4,837 $ 10,243 $ 9,769