XML 20 R2.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues      
Total operating revenues (Note 4) $ 65,194 $ 53,473 $ 43,649
Operating expenses      
Operating and administrative 9,969 9,427 8,600
Depreciation and amortization 5,661 5,167 4,613
Impairment of long-lived assets 570 190 419
Total operating expenses 54,236 43,824 34,998
Operating income 10,958 9,649 8,651
Income from equity investments (Note 13) 2,224 2,304 1,816
Gain on disposition of equity investments (Note 13) 0 1,091 0
Other income/(expense) (Note 27) 1,634 (1,326) 1,224
Interest expense (Note 17) (5,023) (4,419) (3,812)
Earnings before income taxes 9,793 7,299 7,879
Income tax expense (Note 24) (2,004) (1,668) (1,821)
Earnings 7,789 5,631 6,058
(Earnings)/loss attributable to noncontrolling interests and redeemable noncontrolling interest (298) (190) 133
Earnings attributable to controlling interests 7,491 5,441 6,191
Preference share dividends (419) (388) (352)
Earnings attributable to common shareholders $ 7,072 $ 5,053 $ 5,839
Earnings per common share attributable to common shareholders (Note 6) $ 3.23 $ 2.34 $ 2.84
Diluted earnings per common share attributable to common shareholders (Note 6) $ 3.22 $ 2.34 $ 2.84
Commodity sales / costs      
Operating revenues      
Total operating revenues (Note 4) $ 35,181 $ 27,018 $ 18,981
Operating expenses      
Commodity costs and Gas distribution costs 34,358 26,556 18,526
Gas distribution sales / costs      
Operating revenues      
Total operating revenues (Note 4) 9,769 6,802 5,442
Operating expenses      
Commodity costs and Gas distribution costs 3,678 2,484 2,840
Transportation and other services      
Operating revenues      
Total operating revenues (Note 4) $ 20,244 $ 19,653 $ 19,226