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Consolidated Statements of Earnings (Loss) (unaudited) - CAD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues            
Gross Sales $ 15,712,000     $ 18,697,000 $ 41,438,000 $ 56,827,000
Less: Royalties 1,135,000     1,226,000 2,368,000 3,993,000
Revenue 14,577,000     17,471,000 39,070,000 52,834,000
Expenses            
Purchased Product 6,620,000 [1] $ 5,728,000 $ 5,809,000 10,052,000 [1] 18,157,000 [1] 27,038,000 [1]
Transportation and Blending 2,164,000 [1] 2,563,000 2,752,000 2,579,000 [1] 7,479,000 [1] 8,406,000 [1]
Operating 1,553,000 [1] $ 1,600,000 $ 1,636,000 1,504,000 [1] 4,789,000 [1] 4,360,000 [1]
(Gain) Loss on Risk Management 72,000     (28,000) 89,000 1,540,000
Depreciation, Depletion and Amortization 1,197,000     1,047,000 3,374,000 3,209,000
Exploration Expense 2,000     73,000 10,000 99,000
(Income) Loss From Equity-Accounted Affiliates (11,000)     (9,000) (23,000) (11,000)
General and Administrative 292,000     128,000 617,000 545,000
Finance Costs 106,000     207,000 493,000 631,000
Interest Income (33,000)     (21,000) (100,000) (44,000)
Integration and Transaction Costs 12,000     27,000 49,000 79,000
Foreign Exchange (Gain) Loss, Net 133,000     316,000 7,000 406,000
Revaluation (Gain) Loss 0     (549,000) 33,000 (549,000)
Re-measurement of Contingent Payments 67,000     (109,000) 83,000 142,000
(Gain) Loss on Divestiture of Assets 0     60,000 (11,000) (244,000)
Other (Income) Loss, Net (22,000)     (59,000) (42,000) (467,000)
Earnings (Loss) Before Income Tax 2,425,000     2,253,000 4,066,000 7,694,000
Income Tax Expense (Recovery) 561,000     644,000 700,000 2,028,000
Net Earnings (Loss) $ 1,864,000     $ 1,609,000 $ 3,366,000 $ 5,666,000
Net Earnings (Loss) Per Common Share ($)            
Net earnings (loss) per share — basic (CAD per share) $ 0.98     $ 0.83 $ 1.76 $ 2.87
Net earnings (loss) per share — diluted (CAD per share) $ 0.97     $ 0.81 $ 1.72 $ 2.79
[1] Comparative periods reflect certain revisions. See Note 26