| Segment Information |
Results of Operations (For the three months ended June 30) Segment Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
|
Canadian Operations |
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
$ |
1,270 |
|
|
$ |
1,118 |
|
|
$ |
1,027 |
|
|
$ |
646 |
|
Sales of purchased product |
|
|
|
|
|
|
506 |
|
|
|
396 |
|
|
|
69 |
|
|
|
54 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
(103 |
) |
|
|
9 |
|
|
|
35 |
|
|
|
24 |
|
Sublease revenues |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Revenues |
|
|
|
|
|
|
1,673 |
|
|
|
1,523 |
|
|
|
1,131 |
|
|
|
724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
71 |
|
|
|
67 |
|
|
|
10 |
|
|
|
6 |
|
Transportation and processing |
|
|
|
|
|
|
90 |
|
|
|
115 |
|
|
|
450 |
|
|
|
320 |
|
Operating |
|
|
|
|
|
|
135 |
|
|
|
177 |
|
|
|
48 |
|
|
|
42 |
|
Purchased product |
|
|
|
|
|
|
506 |
|
|
|
395 |
|
|
|
57 |
|
|
|
45 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
282 |
|
|
|
370 |
|
|
|
233 |
|
|
|
180 |
|
Impairments |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Operating Expenses |
|
|
|
|
|
|
1,084 |
|
|
|
1,124 |
|
|
|
798 |
|
|
|
593 |
|
Operating Income (Loss) |
|
|
|
|
|
$ |
589 |
|
|
$ |
399 |
|
|
$ |
333 |
|
|
$ |
131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate & Other |
|
|
Consolidated |
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,297 |
|
|
$ |
1,764 |
|
Sales of purchased product |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
575 |
|
|
|
450 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
190 |
|
|
|
54 |
|
|
|
122 |
|
|
|
87 |
|
Sublease revenues |
|
|
|
|
|
|
19 |
|
|
|
17 |
|
|
|
19 |
|
|
|
17 |
|
Total Revenues |
|
|
|
|
|
|
209 |
|
|
|
71 |
|
|
|
3,013 |
|
|
|
2,318 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
81 |
|
|
|
73 |
|
Transportation and processing |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
540 |
|
|
|
435 |
|
Operating |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
183 |
|
|
|
219 |
|
Purchased product |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
563 |
|
|
|
440 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
4 |
|
|
|
6 |
|
|
|
519 |
|
|
|
556 |
|
Impairments |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Accretion of asset retirement obligation |
|
|
|
|
|
|
7 |
|
|
|
8 |
|
|
|
7 |
|
|
|
8 |
|
Administrative |
|
|
|
|
|
|
126 |
|
|
|
76 |
|
|
|
126 |
|
|
|
76 |
|
Total Operating Expenses |
|
|
|
|
|
|
137 |
|
|
|
90 |
|
|
|
2,019 |
|
|
|
1,807 |
|
Operating Income (Loss) |
|
|
|
|
|
$ |
72 |
|
|
$ |
(19 |
) |
|
|
994 |
|
|
|
511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
|
100 |
|
|
|
95 |
|
Foreign exchange (gain) loss, net |
|
|
|
|
|
|
|
|
|
|
|
|
23 |
|
|
|
22 |
|
(Gain) loss on divestitures, net |
|
|
|
|
|
|
|
|
|
|
|
|
337 |
|
|
|
- |
|
Other (gains) losses, net |
|
|
|
|
|
|
|
|
|
|
|
|
(5 |
) |
|
|
(5 |
) |
Total Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
455 |
|
|
|
112 |
|
Net Earnings (Loss) Before Income Tax |
|
|
|
|
|
|
|
|
|
|
|
|
539 |
|
|
|
399 |
|
Income tax expense (recovery) |
|
|
|
|
|
|
|
|
|
|
|
|
83 |
|
|
|
92 |
|
Net Earnings (Loss) |
|
|
|
|
|
|
|
|
|
|
|
$ |
456 |
|
|
$ |
307 |
|
Results of Operations (For the six months ended June 30) Segment Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
|
Canadian Operations |
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
$ |
2,499 |
|
|
$ |
2,430 |
|
|
$ |
2,019 |
|
|
$ |
1,299 |
|
Sales of purchased product |
|
|
|
|
|
|
773 |
|
|
|
764 |
|
|
|
158 |
|
|
|
96 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
(126 |
) |
|
|
9 |
|
|
|
48 |
|
|
|
54 |
|
Sublease revenues |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Revenues |
|
|
|
|
|
|
3,146 |
|
|
|
3,203 |
|
|
|
2,225 |
|
|
|
1,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
142 |
|
|
|
150 |
|
|
|
18 |
|
|
|
10 |
|
Transportation and processing |
|
|
|
|
|
|
205 |
|
|
|
227 |
|
|
|
806 |
|
|
|
606 |
|
Operating |
|
|
|
|
|
|
311 |
|
|
|
346 |
|
|
|
99 |
|
|
|
78 |
|
Purchased product |
|
|
|
|
|
|
773 |
|
|
|
763 |
|
|
|
134 |
|
|
|
79 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
618 |
|
|
|
745 |
|
|
|
453 |
|
|
|
345 |
|
Impairments |
|
|
|
|
|
|
1,111 |
|
|
|
- |
|
|
|
374 |
|
|
|
730 |
|
Total Operating Expenses |
|
|
|
|
|
|
3,160 |
|
|
|
2,231 |
|
|
|
1,884 |
|
|
|
1,848 |
|
Operating Income (Loss) |
|
|
|
|
|
$ |
(14 |
) |
|
$ |
972 |
|
|
$ |
341 |
|
|
$ |
(399 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate & Other |
|
|
Consolidated |
|
|
|
|
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
4,518 |
|
|
$ |
3,729 |
|
Sales of purchased product |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
931 |
|
|
|
860 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
137 |
|
|
|
8 |
|
|
|
59 |
|
|
|
71 |
|
Sublease revenues |
|
|
|
|
|
|
37 |
|
|
|
35 |
|
|
|
37 |
|
|
|
35 |
|
Total Revenues |
|
|
|
|
|
|
174 |
|
|
|
43 |
|
|
|
5,545 |
|
|
|
4,695 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
160 |
|
|
|
160 |
|
Transportation and processing |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
1,011 |
|
|
|
833 |
|
Operating |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
410 |
|
|
|
424 |
|
Purchased product |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
907 |
|
|
|
842 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
9 |
|
|
|
11 |
|
|
|
1,080 |
|
|
|
1,101 |
|
Impairments |
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
1,485 |
|
|
|
730 |
|
Accretion of asset retirement obligation |
|
|
|
|
|
|
14 |
|
|
|
14 |
|
|
|
14 |
|
|
|
14 |
|
Administrative |
|
|
|
|
|
|
238 |
|
|
|
169 |
|
|
|
238 |
|
|
|
169 |
|
Total Operating Expenses |
|
|
|
|
|
|
261 |
|
|
|
194 |
|
|
|
5,305 |
|
|
|
4,273 |
|
Operating Income (Loss) |
|
|
|
|
|
$ |
(87 |
) |
|
$ |
(151 |
) |
|
|
240 |
|
|
|
422 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
|
204 |
|
|
|
192 |
|
Foreign exchange (gain) loss, net |
|
|
|
|
|
|
|
|
|
|
|
|
21 |
|
|
|
32 |
|
(Gain) loss on divestitures, net |
|
|
|
|
|
|
|
|
|
|
|
|
337 |
|
|
|
- |
|
Other (gains) losses, net |
|
|
|
|
|
|
|
|
|
|
|
|
(34 |
) |
|
|
(8 |
) |
Total Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
528 |
|
|
|
216 |
|
Net Earnings (Loss) Before Income Tax |
|
|
|
|
|
|
|
|
|
|
|
|
(288 |
) |
|
|
206 |
|
Income tax expense (recovery) |
|
|
|
|
|
|
|
|
|
|
|
|
(114 |
) |
|
|
58 |
|
Net Earnings (Loss) |
|
|
|
|
|
|
|
|
|
|
|
$ |
(174 |
) |
|
$ |
148 |
|
|
| Goodwill, Property, Plant and Equipment and Total Assets by Segment |
Goodwill, Property, Plant and Equipment and Total Assets by Segment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
|
Property, Plant and Equipment |
|
|
Total Assets |
|
|
|
As at |
|
|
As at |
|
|
As at |
|
|
|
June 30, |
|
|
December 31, |
|
|
June 30, |
|
|
December 31, |
|
|
June 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
$ |
1,436 |
|
|
$ |
1,938 |
|
|
$ |
7,960 |
|
|
$ |
11,613 |
|
|
$ |
10,220 |
|
|
$ |
14,393 |
|
Canadian Operations |
|
|
888 |
|
|
|
638 |
|
|
|
5,143 |
|
|
|
2,522 |
|
|
|
6,972 |
|
|
|
3,921 |
|
Corporate & Other |
|
|
- |
|
|
|
- |
|
|
|
100 |
|
|
|
109 |
|
|
|
2,088 |
|
|
|
2,076 |
|
|
|
$ |
2,324 |
|
|
$ |
2,576 |
|
|
$ |
13,203 |
|
|
$ |
14,244 |
|
|
$ |
19,280 |
|
|
$ |
20,390 |
|
|