Segment Information |
Results of Operations (For the three months ended September 30) Segment and Geographic Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
|
Canadian Operations |
|
|
Market Optimization |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
$ |
1,545 |
|
|
$ |
1,762 |
|
|
$ |
505 |
|
|
$ |
893 |
|
|
$ |
863 |
|
|
$ |
988 |
|
Gains (losses) on risk management, net |
|
|
(3 |
) |
|
|
(324 |
) |
|
|
13 |
|
|
|
(497 |
) |
|
|
- |
|
|
|
- |
|
Sublease revenues |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Revenues |
|
|
1,542 |
|
|
|
1,438 |
|
|
|
518 |
|
|
|
396 |
|
|
|
863 |
|
|
|
988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
84 |
|
|
|
106 |
|
|
|
5 |
|
|
|
3 |
|
|
|
- |
|
|
|
- |
|
Transportation and processing |
|
|
124 |
|
|
|
170 |
|
|
|
265 |
|
|
|
257 |
|
|
|
44 |
|
|
|
41 |
|
Operating |
|
|
208 |
|
|
|
187 |
|
|
|
28 |
|
|
|
34 |
|
|
|
7 |
|
|
|
7 |
|
Purchased product |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
846 |
|
|
|
973 |
|
Depreciation, depletion and amortization |
|
|
409 |
|
|
|
225 |
|
|
|
72 |
|
|
|
61 |
|
|
|
- |
|
|
|
- |
|
Total Operating Expenses |
|
|
825 |
|
|
|
688 |
|
|
|
370 |
|
|
|
355 |
|
|
|
897 |
|
|
|
1,021 |
|
Operating Income (Loss) |
|
$ |
717 |
|
|
$ |
750 |
|
|
$ |
148 |
|
|
$ |
41 |
|
|
$ |
(34 |
) |
|
$ |
(33 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate & Other |
|
|
Consolidated |
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
2,913 |
|
|
$ |
3,643 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
|
|
(292 |
) |
|
|
710 |
|
|
|
(282 |
) |
|
|
(111 |
) |
Sublease revenues |
|
|
|
|
|
|
|
|
18 |
|
|
|
17 |
|
|
|
18 |
|
|
|
17 |
|
Total Revenues |
|
|
|
|
|
|
|
|
(274 |
) |
|
|
727 |
|
|
|
2,649 |
|
|
|
3,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
89 |
|
|
|
109 |
|
Transportation and processing |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
433 |
|
|
|
468 |
|
Operating |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
243 |
|
|
|
228 |
|
Purchased product |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
846 |
|
|
|
973 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
|
|
5 |
|
|
|
5 |
|
|
|
486 |
|
|
|
291 |
|
Accretion of asset retirement obligation |
|
|
|
|
|
|
|
|
5 |
|
|
|
4 |
|
|
|
5 |
|
|
|
4 |
|
Administrative |
|
|
|
|
|
|
|
|
80 |
|
|
|
103 |
|
|
|
80 |
|
|
|
103 |
|
Total Operating Expenses |
|
|
|
|
|
|
|
|
90 |
|
|
|
112 |
|
|
|
2,182 |
|
|
|
2,176 |
|
Operating Income (Loss) |
|
|
|
|
|
|
|
$ |
(364 |
) |
|
$ |
615 |
|
|
|
467 |
|
|
|
1,373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98 |
|
|
|
83 |
|
Foreign exchange (gain) loss, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(22 |
) |
|
|
19 |
|
Other (gains) losses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2 |
) |
|
|
(3 |
) |
Total Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
74 |
|
|
|
99 |
|
Net Earnings (Loss) Before Income Tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
393 |
|
|
|
1,274 |
|
Income tax expense (recovery) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13 |
) |
|
|
88 |
|
Net Earnings (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
406 |
|
|
$ |
1,186 |
|
Results of Operations (For the nine months ended September 30) Segment and Geographic Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
|
Canadian Operations |
|
|
Market Optimization |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
$ |
3,912 |
|
|
$ |
5,234 |
|
|
$ |
1,663 |
|
|
$ |
2,633 |
|
|
$ |
2,282 |
|
|
$ |
3,197 |
|
Gains (losses) on risk management, net |
|
|
4 |
|
|
|
(926 |
) |
|
|
(65 |
) |
|
|
(1,149 |
) |
|
|
- |
|
|
|
- |
|
Sublease revenues |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Total Revenues |
|
|
3,916 |
|
|
|
4,308 |
|
|
|
1,598 |
|
|
|
1,484 |
|
|
|
2,282 |
|
|
|
3,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
237 |
|
|
|
311 |
|
|
|
12 |
|
|
|
10 |
|
|
|
- |
|
|
|
- |
|
Transportation and processing |
|
|
419 |
|
|
|
464 |
|
|
|
800 |
|
|
|
741 |
|
|
|
121 |
|
|
|
122 |
|
Operating |
|
|
545 |
|
|
|
478 |
|
|
|
59 |
|
|
|
96 |
|
|
|
20 |
|
|
|
22 |
|
Purchased product |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,239 |
|
|
|
3,154 |
|
Depreciation, depletion and amortization |
|
|
1,039 |
|
|
|
642 |
|
|
|
215 |
|
|
|
176 |
|
|
|
- |
|
|
|
- |
|
Total Operating Expenses |
|
|
2,240 |
|
|
|
1,895 |
|
|
|
1,086 |
|
|
|
1,023 |
|
|
|
2,380 |
|
|
|
3,298 |
|
Operating Income (Loss) |
|
$ |
1,676 |
|
|
$ |
2,413 |
|
|
$ |
512 |
|
|
$ |
461 |
|
|
$ |
(98 |
) |
|
$ |
(101 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate & Other |
|
|
Consolidated |
|
|
|
|
|
|
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Product and service revenues |
|
|
|
|
|
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
7,857 |
|
|
$ |
11,064 |
|
Gains (losses) on risk management, net |
|
|
|
|
|
|
|
|
(132 |
) |
|
|
211 |
|
|
|
(193 |
) |
|
|
(1,864 |
) |
Sublease revenues |
|
|
|
|
|
|
|
|
53 |
|
|
|
52 |
|
|
|
53 |
|
|
|
52 |
|
Total Revenues |
|
|
|
|
|
|
|
|
(79 |
) |
|
|
263 |
|
|
|
7,717 |
|
|
|
9,252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Production, mineral and other taxes |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
249 |
|
|
|
321 |
|
Transportation and processing |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
1,340 |
|
|
|
1,327 |
|
Operating |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
624 |
|
|
|
596 |
|
Purchased product |
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
|
2,239 |
|
|
|
3,154 |
|
Depreciation, depletion and amortization |
|
|
|
|
|
|
|
|
15 |
|
|
|
15 |
|
|
|
1,269 |
|
|
|
833 |
|
Accretion of asset retirement obligation |
|
|
|
|
|
|
|
|
14 |
|
|
|
14 |
|
|
|
14 |
|
|
|
14 |
|
Administrative |
|
|
|
|
|
|
|
|
306 |
|
|
|
318 |
|
|
|
306 |
|
|
|
318 |
|
Total Operating Expenses |
|
|
|
|
|
|
|
|
335 |
|
|
|
347 |
|
|
|
6,041 |
|
|
|
6,563 |
|
Operating Income (Loss) |
|
|
|
|
|
|
|
$ |
(414 |
) |
|
$ |
(84 |
) |
|
|
1,676 |
|
|
|
2,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
249 |
|
|
|
248 |
|
Foreign exchange (gain) loss, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
21 |
|
Other (gains) losses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(16 |
) |
|
|
(30 |
) |
Total Other (Income) Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
233 |
|
|
|
239 |
|
Net Earnings (Loss) Before Income Tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,443 |
|
|
|
2,450 |
|
Income tax expense (recovery) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
214 |
|
|
|
148 |
|
Net Earnings (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,229 |
|
|
$ |
2,302 |
|
|
Schedule of Marketing Intersegment Eliminations |
Intersegment Information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market Optimization |
|
|
|
|
|
|
|
|
|
Marketing Sales |
|
|
Upstream Eliminations |
|
|
Total |
|
For the three months ended September 30, |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
2,811 |
|
|
$ |
4,109 |
|
|
$ |
(1,948 |
) |
|
$ |
(3,121 |
) |
|
$ |
863 |
|
|
$ |
988 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation and processing |
|
|
183 |
|
|
|
164 |
|
|
|
(139 |
) |
|
|
(123 |
) |
|
|
44 |
|
|
|
41 |
|
Operating |
|
|
7 |
|
|
|
7 |
|
|
|
- |
|
|
|
- |
|
|
|
7 |
|
|
|
7 |
|
Purchased product |
|
|
2,655 |
|
|
|
3,972 |
|
|
|
(1,809 |
) |
|
|
(2,999 |
) |
|
|
846 |
|
|
|
973 |
|
Operating Income (Loss) |
|
$ |
(34 |
) |
|
$ |
(34 |
) |
|
$ |
- |
|
|
$ |
1 |
|
|
$ |
(34 |
) |
|
$ |
(33 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Market Optimization |
|
|
|
|
|
|
|
|
|
Marketing Sales |
|
|
Upstream Eliminations |
|
|
Total |
|
For the nine months ended September 30, |
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
8,821 |
|
|
$ |
11,878 |
|
|
$ |
(6,539 |
) |
|
$ |
(8,681 |
) |
|
$ |
2,282 |
|
|
$ |
3,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation and processing |
|
|
528 |
|
|
|
477 |
|
|
|
(407 |
) |
|
|
(355 |
) |
|
|
121 |
|
|
|
122 |
|
Operating |
|
|
20 |
|
|
|
22 |
|
|
|
- |
|
|
|
- |
|
|
|
20 |
|
|
|
22 |
|
Purchased product |
|
|
8,371 |
|
|
|
11,480 |
|
|
|
(6,132 |
) |
|
|
(8,326 |
) |
|
|
2,239 |
|
|
|
3,154 |
|
Operating Income (Loss) |
|
$ |
(98 |
) |
|
$ |
(101 |
) |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(98 |
) |
|
$ |
(101 |
) |
|
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 |
|
|
|
September 30, |
|
|
December 31, |
|
|
September 30, |
|
|
December 31, |
|
|
September 30, |
|
|
December 31, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
USA Operations |
|
$ |
1,938 |
|
|
$ |
1,938 |
|
|
$ |
13,103 |
|
|
$ |
8,259 |
|
|
$ |
16,077 |
|
|
$ |
11,043 |
|
Canadian Operations |
|
|
647 |
|
|
|
646 |
|
|
|
1,256 |
|
|
|
1,044 |
|
|
|
2,198 |
|
|
|
2,075 |
|
Market Optimization |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
320 |
|
|
|
446 |
|
Corporate & Other |
|
|
- |
|
|
|
- |
|
|
|
156 |
|
|
|
165 |
|
|
|
1,305 |
|
|
|
1,492 |
|
|
|
$ |
2,585 |
|
|
$ |
2,584 |
|
|
$ |
14,515 |
|
|
$ |
9,468 |
|
|
$ |
19,900 |
|
|
$ |
15,056 |
|
|