| Schedule of Major Products and Services |
Major Products and Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
2,720 |
|
|
1,462 |
|
|
73 |
|
|
— |
|
|
— |
|
|
4,255 |
|
Storage and other revenue |
|
66 |
|
|
173 |
|
|
147 |
|
|
— |
|
|
— |
|
|
386 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
1,830 |
|
|
— |
|
|
— |
|
|
1,830 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
77 |
|
|
— |
|
|
77 |
|
Commodity sales |
|
— |
|
|
36 |
|
|
8 |
|
|
— |
|
|
— |
|
|
44 |
|
Total revenue from contracts with customers |
|
2,786 |
|
|
1,671 |
|
|
2,058 |
|
|
77 |
|
|
— |
|
|
6,592 |
|
Commodity sales |
|
22,361 |
|
|
44 |
|
|
— |
|
|
— |
|
|
136 |
|
|
22,541 |
|
Other revenue1,2 |
|
74 |
|
|
— |
|
|
24 |
|
|
87 |
|
|
— |
|
|
185 |
|
Intersegment revenue |
|
— |
|
|
5 |
|
|
(1 |
) |
|
— |
|
|
(4 |
) |
|
— |
|
Total revenue |
|
25,221 |
|
|
1,720 |
|
|
2,081 |
|
|
164 |
|
|
132 |
|
|
29,318 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
2,895 |
|
|
1,349 |
|
|
63 |
|
|
— |
|
|
— |
|
|
4,307 |
|
Storage and other revenue |
|
75 |
|
|
162 |
|
|
152 |
|
|
— |
|
|
— |
|
|
389 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
1,735 |
|
|
— |
|
|
— |
|
|
1,735 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
52 |
|
|
— |
|
|
52 |
|
Commodity sales |
|
— |
|
|
28 |
|
|
— |
|
|
— |
|
|
— |
|
|
28 |
|
Total revenue from contracts with customers |
|
2,970 |
|
|
1,539 |
|
|
1,950 |
|
|
52 |
|
|
— |
|
|
6,511 |
|
Commodity sales |
|
7,787 |
|
|
29 |
|
|
— |
|
|
— |
|
|
280 |
|
|
8,096 |
|
Other revenue1,2 |
|
80 |
|
|
32 |
|
|
67 |
|
|
90 |
|
|
— |
|
|
269 |
|
Intersegment revenue |
|
— |
|
|
4 |
|
|
(1 |
) |
|
3 |
|
|
(6 |
) |
|
— |
|
Total revenue |
|
10,837 |
|
|
1,604 |
|
|
2,016 |
|
|
145 |
|
|
274 |
|
|
14,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
5,515 |
|
|
2,933 |
|
|
136 |
|
|
— |
|
|
— |
|
|
8,584 |
|
Storage and other revenue |
|
128 |
|
|
360 |
|
|
302 |
|
|
— |
|
|
— |
|
|
790 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
5,943 |
|
|
— |
|
|
— |
|
|
5,943 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
154 |
|
|
— |
|
|
154 |
|
Commodity sales |
|
— |
|
|
74 |
|
|
15 |
|
|
— |
|
|
— |
|
|
89 |
|
Total revenue from contracts with customers |
|
5,643 |
|
|
3,367 |
|
|
6,396 |
|
|
154 |
|
|
— |
|
|
15,560 |
|
Commodity sales |
|
34,900 |
|
|
93 |
|
|
— |
|
|
— |
|
|
695 |
|
|
35,688 |
|
Other revenue1,2 |
|
140 |
|
|
30 |
|
|
76 |
|
|
181 |
|
|
— |
|
|
427 |
|
Intersegment revenue |
|
— |
|
|
11 |
|
|
17 |
|
|
3 |
|
|
(31 |
) |
|
— |
|
Total revenue |
|
40,683 |
|
|
3,501 |
|
|
6,489 |
|
|
338 |
|
|
664 |
|
|
51,675 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
6,000 |
|
|
2,829 |
|
|
125 |
|
|
— |
|
|
— |
|
|
8,954 |
|
Storage and other revenue |
|
143 |
|
|
335 |
|
|
309 |
|
|
— |
|
|
— |
|
|
787 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
5,401 |
|
|
— |
|
|
— |
|
|
5,401 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
94 |
|
|
— |
|
|
94 |
|
Commodity sales |
|
— |
|
|
52 |
|
|
— |
|
|
— |
|
|
— |
|
|
52 |
|
Total revenue from contracts with customers |
|
6,143 |
|
|
3,216 |
|
|
5,835 |
|
|
94 |
|
|
— |
|
|
15,288 |
|
Commodity sales |
|
16,721 |
|
|
66 |
|
|
— |
|
|
— |
|
|
834 |
|
|
17,621 |
|
Other revenue1,2 |
|
157 |
|
|
25 |
|
|
120 |
|
|
167 |
|
|
— |
|
|
469 |
|
Intersegment revenue |
|
— |
|
|
12 |
|
|
17 |
|
|
4 |
|
|
(33 |
) |
|
— |
|
Total revenue |
|
23,021 |
|
|
3,319 |
|
|
5,972 |
|
|
265 |
|
|
801 |
|
|
33,378 |
|
1Includes realized and unrealized gains and losses from our hedging program which for the three months ended June 30, 2026 were a net $7 million gain (2025 - $33 million gain) and for the six months ended June 30, 2026 were a net $7 million gain (2025 - $132 million gain). 2Includes revenues from lease contracts for the three months ended June 30, 2026 and 2025 of $156 million and $141 million, respectively, and for the six months ended June 30, 2026 and 2025 of $322 million and $299 million, respectively. Recognition and Measurement of Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
Revenues from products transferred at a point in time |
|
— |
|
|
36 |
|
|
56 |
|
|
11 |
|
|
103 |
|
Revenues from products and services transferred over time1 |
|
2,786 |
|
|
1,635 |
|
|
2,002 |
|
|
66 |
|
|
6,489 |
|
Total revenue from contracts with customers |
|
2,786 |
|
|
1,671 |
|
|
2,058 |
|
|
77 |
|
|
6,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
Revenues from products transferred at a point in time |
|
— |
|
|
28 |
|
|
31 |
|
|
7 |
|
|
66 |
|
Revenues from products and services transferred over time1 |
|
2,970 |
|
|
1,511 |
|
|
1,919 |
|
|
45 |
|
|
6,445 |
|
Total revenue from contracts with customers |
|
2,970 |
|
|
1,539 |
|
|
1,950 |
|
|
52 |
|
|
6,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
Revenues from products transferred at a point in time |
|
— |
|
|
74 |
|
|
92 |
|
|
33 |
|
|
199 |
|
Revenues from products and services transferred over time1 |
|
5,643 |
|
|
3,293 |
|
|
6,304 |
|
|
121 |
|
|
15,361 |
|
Total revenue from contracts with customers |
|
5,643 |
|
|
3,367 |
|
|
6,396 |
|
|
154 |
|
|
15,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
Revenues from products transferred at a point in time |
|
— |
|
|
52 |
|
|
67 |
|
|
15 |
|
|
134 |
|
Revenues from products and services transferred over time1 |
|
6,143 |
|
|
3,164 |
|
|
5,768 |
|
|
79 |
|
|
15,154 |
|
Total revenue from contracts with customers |
|
6,143 |
|
|
3,216 |
|
|
5,835 |
|
|
94 |
|
|
15,288 |
|
1Revenue from crude oil and natural gas pipeline transportation, storage, natural gas gathering, compression and treating, natural gas distribution, natural gas storage services and electricity sales.
|