| Schedule of Major Products and Services |
Major Products and Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
2,772 |
|
|
1,435 |
|
|
67 |
|
|
— |
|
|
— |
|
|
4,274 |
|
Storage and other revenue |
|
66 |
|
|
172 |
|
|
130 |
|
|
— |
|
|
— |
|
|
368 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
1,344 |
|
|
— |
|
|
— |
|
|
1,344 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
84 |
|
|
— |
|
|
84 |
|
Commodity sales |
|
— |
|
|
40 |
|
|
9 |
|
|
— |
|
|
— |
|
|
49 |
|
Total revenue from contracts with customers |
|
2,838 |
|
|
1,647 |
|
|
1,550 |
|
|
84 |
|
|
— |
|
|
6,119 |
|
Commodity sales |
|
14,530 |
|
|
59 |
|
|
— |
|
|
— |
|
|
213 |
|
|
14,802 |
|
Other revenue1,2 |
|
52 |
|
|
15 |
|
|
24 |
|
|
65 |
|
|
— |
|
|
156 |
|
Intersegment revenue |
|
— |
|
|
5 |
|
|
2 |
|
|
2 |
|
|
(9 |
) |
|
— |
|
Total revenue |
|
17,420 |
|
|
1,726 |
|
|
1,576 |
|
|
151 |
|
|
204 |
|
|
21,077 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
2,934 |
|
|
1,361 |
|
|
62 |
|
|
— |
|
|
— |
|
|
4,357 |
|
Storage and other revenue |
|
77 |
|
|
158 |
|
|
119 |
|
|
— |
|
|
— |
|
|
354 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
1,295 |
|
|
— |
|
|
— |
|
|
1,295 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
72 |
|
|
— |
|
|
72 |
|
Commodity sales |
|
— |
|
|
32 |
|
|
22 |
|
|
— |
|
|
— |
|
|
54 |
|
Total revenue from contracts with customers |
|
3,011 |
|
|
1,551 |
|
|
1,498 |
|
|
72 |
|
|
— |
|
|
6,132 |
|
Commodity sales |
|
8,101 |
|
|
23 |
|
|
— |
|
|
— |
|
|
218 |
|
|
8,342 |
|
Other revenue1,2 |
|
71 |
|
|
20 |
|
|
18 |
|
|
56 |
|
|
— |
|
|
165 |
|
Intersegment revenue |
|
— |
|
|
3 |
|
|
(3 |
) |
|
2 |
|
|
(2 |
) |
|
— |
|
Total revenue |
|
11,183 |
|
|
1,597 |
|
|
1,513 |
|
|
130 |
|
|
216 |
|
|
14,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2026 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
8,287 |
|
|
4,368 |
|
|
203 |
|
|
— |
|
|
— |
|
|
12,858 |
|
Storage and other revenue |
|
194 |
|
|
532 |
|
|
432 |
|
|
— |
|
|
— |
|
|
1,158 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
7,287 |
|
|
— |
|
|
— |
|
|
7,287 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
238 |
|
|
— |
|
|
238 |
|
Commodity sales |
|
— |
|
|
114 |
|
|
24 |
|
|
— |
|
|
— |
|
|
138 |
|
Total revenue from contracts with customers |
|
8,481 |
|
|
5,014 |
|
|
7,946 |
|
|
238 |
|
|
— |
|
|
21,679 |
|
Commodity sales |
|
49,430 |
|
|
152 |
|
|
— |
|
|
— |
|
|
908 |
|
|
50,490 |
|
Other revenue1,2 |
|
192 |
|
|
45 |
|
|
100 |
|
|
246 |
|
|
— |
|
|
583 |
|
Intersegment revenue |
|
— |
|
|
16 |
|
|
19 |
|
|
5 |
|
|
(40 |
) |
|
— |
|
Total revenue |
|
58,103 |
|
|
5,227 |
|
|
8,065 |
|
|
489 |
|
|
868 |
|
|
72,752 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 30, 2025 |
Liquids Pipelines |
|
Gas Transmission |
|
Gas Distribution
and Storage |
|
Renewable Power Generation |
|
Eliminations and Other |
|
Consolidated |
|
(millions of Canadian dollars) |
|
|
|
|
|
|
|
|
|
|
|
|
Transportation revenue |
|
8,934 |
|
|
4,190 |
|
|
187 |
|
|
— |
|
|
— |
|
|
13,311 |
|
Storage and other revenue |
|
220 |
|
|
493 |
|
|
428 |
|
|
— |
|
|
— |
|
|
1,141 |
|
Gas distribution sales |
|
— |
|
|
— |
|
|
6,696 |
|
|
— |
|
|
— |
|
|
6,696 |
|
Electricity revenue |
|
— |
|
|
— |
|
|
— |
|
|
166 |
|
|
— |
|
|
166 |
|
Commodity sales |
|
— |
|
|
84 |
|
|
22 |
|
|
— |
|
|
— |
|
|
106 |
|
Total revenue from contracts with customers |
|
9,154 |
|
|
4,767 |
|
|
7,333 |
|
|
166 |
|
|
— |
|
|
21,420 |
|
Commodity sales |
|
24,822 |
|
|
89 |
|
|
— |
|
|
— |
|
|
1,052 |
|
|
25,963 |
|
Other revenue1,2 |
|
228 |
|
|
45 |
|
|
138 |
|
|
223 |
|
|
— |
|
|
634 |
|
Intersegment revenue |
|
— |
|
|
15 |
|
|
14 |
|
|
6 |
|
|
(35 |
) |
|
— |
|
Total revenue |
|
34,204 |
|
|
4,916 |
|
|
7,485 |
|
|
395 |
|
|
1,017 |
|
|
48,017 |
|
1Includes realized and unrealized gains and losses from our hedging program which for the three months ended September 30, 2026 were a net $35 million loss (2025 - $13 million gain) and for the nine months ended September 30, 2026 were a net $28 million loss (2025 - $145 million gain). 2Includes revenues from lease contracts for the three months ended September 30, 2026 and 2025 of $106 million and $116 million, respectively, and for the nine months ended September 30, 2026 and 2025 of $428 million and $415 million, respectively. Recognition and Measurement of Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 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 |
|
— |
|
|
40 |
|
|
38 |
|
|
15 |
|
|
93 |
|
Revenues from products and services transferred over time1 |
|
2,838 |
|
|
1,607 |
|
|
1,512 |
|
|
69 |
|
|
6,026 |
|
Total revenue from contracts with customers |
|
2,838 |
|
|
1,647 |
|
|
1,550 |
|
|
84 |
|
|
6,119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended September 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 |
|
— |
|
|
32 |
|
|
42 |
|
|
22 |
|
|
96 |
|
Revenues from products and services transferred over time1 |
|
3,011 |
|
|
1,519 |
|
|
1,456 |
|
|
50 |
|
|
6,036 |
|
Total revenue from contracts with customers |
|
3,011 |
|
|
1,551 |
|
|
1,498 |
|
|
72 |
|
|
6,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 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 |
|
— |
|
|
114 |
|
|
130 |
|
|
48 |
|
|
292 |
|
Revenues from products and services transferred over time1 |
|
8,481 |
|
|
4,900 |
|
|
7,816 |
|
|
190 |
|
|
21,387 |
|
Total revenue from contracts with customers |
|
8,481 |
|
|
5,014 |
|
|
7,946 |
|
|
238 |
|
|
21,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine months ended September 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 |
|
— |
|
|
84 |
|
|
109 |
|
|
38 |
|
|
231 |
|
Revenues from products and services transferred over time1 |
|
9,154 |
|
|
4,683 |
|
|
7,224 |
|
|
128 |
|
|
21,189 |
|
Total revenue from contracts with customers |
|
9,154 |
|
|
4,767 |
|
|
7,333 |
|
|
166 |
|
|
21,420 |
|
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.
|