| SEGMENTED INFORMATION |
4. SEGMENTED INFORMATION
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Three months ended March 31, 2026 |
Liquids
Pipelines |
|
Gas
Transmission |
|
Gas
Distribution
and Storage1 |
|
Renewable
Power
Generation |
|
Total
Reportable
Segments |
|
(millions of Canadian dollars) |
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Operating revenues2 |
|
15,462 |
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|
1,781 |
|
|
4,408 |
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|
174 |
|
|
21,825 |
|
Commodity and gas distribution costs |
|
(12,623 |
) |
|
(19 |
) |
|
(1,977 |
) |
|
— |
|
|
(14,619 |
) |
Operating and administrative |
|
(1,107 |
) |
|
(551 |
) |
|
(774 |
) |
|
(86 |
) |
|
(2,518 |
) |
Income from equity investments |
|
225 |
|
|
232 |
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— |
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|
87 |
|
|
544 |
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Other income |
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— |
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|
127 |
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|
52 |
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|
13 |
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|
192 |
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Earnings before interest, income taxes and depreciation and amortization |
|
1,957 |
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|
1,570 |
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|
1,709 |
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|
188 |
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|
5,424 |
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Eliminations and Other |
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(404 |
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Depreciation and amortization |
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(1,433 |
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Interest expense |
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(1,222 |
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Earnings before income taxes |
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2,365 |
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Three months ended March 31, 2025 |
Liquids
Pipelines |
|
Gas
Transmission |
|
Gas
Distribution
and Storage1 |
|
Renewable
Power
Generation |
|
Total
Reportable
Segments |
|
(millions of Canadian dollars) |
|
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Operating revenues2 |
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12,184 |
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|
1,715 |
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|
3,956 |
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|
120 |
|
|
17,975 |
|
Commodity and gas distribution costs |
|
(8,850 |
) |
|
(11 |
) |
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(1,634 |
) |
|
3 |
|
|
(10,492 |
) |
Operating and administrative |
|
(1,128 |
) |
|
(524 |
) |
|
(772 |
) |
|
(78 |
) |
|
(2,502 |
) |
Income from equity investments |
|
368 |
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|
232 |
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|
1 |
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|
132 |
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|
733 |
|
Other income |
|
19 |
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|
61 |
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|
49 |
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|
46 |
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|
175 |
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Earnings before interest, income taxes and depreciation and amortization |
|
2,593 |
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|
1,473 |
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|
1,600 |
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|
223 |
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|
5,889 |
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Eliminations and Other |
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|
40 |
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Depreciation and amortization |
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(1,408 |
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Interest expense |
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(1,334 |
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Earnings before income taxes |
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|
3,187 |
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1 Primarily relates to public utilities that are subject to regulation. 2 Refer to Note 3 - Revenue for a reconciliation of segment Operating revenues to the Consolidated Statements of Earnings. Capital Expenditures1
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Three months ended March 31, |
2026 |
|
2025 |
|
(millions of Canadian dollars) |
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|
Liquids Pipelines |
|
411 |
|
|
309 |
|
Gas Transmission |
|
942 |
|
|
604 |
|
Gas Distribution and Storage |
|
708 |
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|
661 |
|
Renewable Power Generation |
|
424 |
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|
145 |
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Eliminations and Other |
|
— |
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|
35 |
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|
2,485 |
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|
1,754 |
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1Capital expenditures are cash basis plus equity component of the allowance for funds used during construction. Property, Plant and Equipment
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March 31,
2026 |
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December 31,
2025 |
|
(millions of Canadian dollars) |
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Liquids Pipelines |
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52,149 |
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|
51,689 |
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Gas Transmission |
|
36,748 |
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|
35,421 |
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Gas Distribution and Storage |
|
40,277 |
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|
39,644 |
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Renewable Power Generation |
|
4,882 |
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|
4,439 |
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Eliminations and Other |
|
352 |
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|
405 |
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134,408 |
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|
131,598 |
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