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Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Segment Information | Results of Operations Segment Information
|  |  |  |  |  |  |  | USA Operations |  |  | Canadian Operations |
For the years ended December 31 |  |  |  |  |  |  |  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2025 |  |  | 2024 |  |  | 2023 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product and service revenues (1) |  |  |  |  |  |  |  | $ | 4,573 |  |  | $ | 5,612 |  |  | $ | 5,586 |  |  | $ | 2,603 |  |  | $ | 1,746 |  |  | $ | 2,226 |
Sales of purchased product |  |  |  |  |  |  |  |  | 1,311 |  |  |  | 1,449 |  |  |  | 2,590 |  |  |  | 176 |  |  |  | 136 |  |  |  | 259 |
Gains (losses) on risk management, net |  |  |  |  |  |  |  |  | 51 |  |  |  | 119 |  |  |  | 10 |  |  |  | 115 |  |  |  | 152 |  |  |  | (53 | )
Sublease revenues |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total Revenues |  |  |  |  |  |  |  |  | 5,935 |  |  |  | 7,180 |  |  |  | 8,186 |  |  |  | 2,894 |  |  |  | 2,034 |  |  |  | 2,432 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production, mineral and other taxes |  |  |  |  |  |  |  |  | 265 |  |  |  | 319 |  |  |  | 327 |  |  |  | 21 |  |  |  | 14 |  |  |  | 15 |
Transportation and processing |  |  |  |  |  |  |  |  | 453 |  |  |  | 560 |  |  |  | 683 |  |  |  | 1,271 |  |  |  | 1,079 |  |  |  | 1,083 |
Operating |  |  |  |  |  |  |  |  | 701 |  |  |  | 810 |  |  |  | 757 |  |  |  | 161 |  |  |  | 121 |  |  |  | 102 |
Purchased product |  |  |  |  |  |  |  |  | 1,310 |  |  |  | 1,446 |  |  |  | 2,587 |  |  |  | 137 |  |  |  | 100 |  |  |  | 228 |
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  | 1,475 |  |  |  | 1,971 |  |  |  | 1,519 |  |  |  | 683 |  |  |  | 297 |  |  |  | 286 |
Impairments |  |  |  |  |  |  |  |  | 49 |  |  |  | - |  |  |  | - |  |  |  | 871 |  |  |  | 450 |  |  |  | - |
Total Operating Expenses |  |  |  |  |  |  |  |  | 4,253 |  |  |  | 5,106 |  |  |  | 5,873 |  |  |  | 3,144 |  |  |  | 2,061 |  |  |  | 1,714 |
Operating Income (Loss) |  |  |  |  |  |  |  | $ | 1,682 |  |  | $ | 2,074 |  |  | $ | 2,313 |  |  | $ | (250 | ) |  | $ | (27 | ) |  | $ | 718 |
|  |  |  |  |  |  |  | Corporate & Other |  |  | Consolidated |
|  |  |  |  |  |  |  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2025 |  |  | 2024 |  |  | 2023 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product and service revenues (1) |  |  |  |  |  |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 7,176 |  |  | $ | 7,358 |  |  | $ | 7,812 |
Sales of purchased product |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,487 |  |  |  | 1,585 |  |  |  | 2,849 |
Gains (losses) on risk management, net |  |  |  |  |  |  |  |  | 6 |  |  |  | (136 | ) |  |  | 194 |  |  |  | 172 |  |  |  | 135 |  |  |  | 151 |
Sublease revenues |  |  |  |  |  |  |  |  | 73 |  |  |  | 74 |  |  |  | 71 |  |  |  | 73 |  |  |  | 74 |  |  |  | 71 |
Total Revenues |  |  |  |  |  |  |  |  | 79 |  |  |  | (62 | ) |  |  | 265 |  |  |  | 8,908 |  |  |  | 9,152 |  |  |  | 10,883 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Production, mineral and other taxes |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 286 |  |  |  | 333 |  |  |  | 342 |
Transportation and processing |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,724 |  |  |  | 1,639 |  |  |  | 1,766 |
Operating |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 862 |  |  |  | 931 |  |  |  | 859 |
Purchased product |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,447 |  |  |  | 1,546 |  |  |  | 2,815 |
Depreciation, depletion and amortization |  |  |  |  |  |  |  |  | 21 |  |  |  | 22 |  |  |  | 20 |  |  |  | 2,179 |  |  |  | 2,290 |  |  |  | 1,825 |
Impairments |  |  |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 920 |  |  |  | 450 |  |  |  | - |
Accretion of asset retirement obligation |  |  |  |  |  |  |  |  | 28 |  |  |  | 19 |  |  |  | 19 |  |  |  | 28 |  |  |  | 19 |  |  |  | 19 |
Administrative |  |  |  |  |  |  |  |  | 331 |  |  |  | 365 |  |  |  | 393 |  |  |  | 331 |  |  |  | 365 |  |  |  | 393 |
Total Operating Expenses |  |  |  |  |  |  |  |  | 380 |  |  |  | 406 |  |  |  | 432 |  |  |  | 7,777 |  |  |  | 7,573 |  |  |  | 8,019 |
Operating Income (Loss) |  |  |  |  |  |  |  | $ | (301 | ) |  | $ | (468 | ) |  | $ | (167 | ) |  |  | 1,131 |  |  |  | 1,579 |  |  |  | 2,864 |
Other (Income) Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 376 |  |  |  | 412 |  |  |  | 355 |
Foreign exchange (gain) loss, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 31 |  |  |  | (19 | ) |  |  | 19 |
Other (gains) losses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (46 | ) |  |  | (165 | ) |  |  | (20 | )
Total Other (Income) Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 361 |  |  |  | 228 |  |  |  | 354 |
Net Earnings (Loss) Before Income Tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 770 |  |  |  | 1,351 |  |  |  | 2,510 |
Income tax expense (recovery) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (472 | ) |  |  | 226 |  |  |  | 425 |
Net Earnings (Loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,242 |  |  | $ | 1,125 |  |  | $ | 2,085 |
(1) Product and service revenues are split by product in Note 3.
Revenue by Geographic Region | Revenues by Geographic Region
|  | United States |  |  | Canada |  |  | Total |
For the years ended December 31 | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2025 |  |  | 2024 |  |  | 2023 |  |  | 2025 |  |  | 2024 |  |  | 2023 |
Corporate & Other Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gains (losses) on risk |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
management, net |  | $ | 75 |  |  | $ | (133 | ) |  | $ | 94 |  |  | $ | (69 | ) |  | $ | (3 | ) |  | $ | 100 |  |  | $ | 6 |  |  | $ | (136 | ) |  | $ | 194 |
Sublease revenues |  |  | 8 |  |  |  | 8 |  |  |  | 8 |  |  |  | 65 |  |  |  | 66 |  |  |  | 63 |  |  |  | 73 |  |  |  | 74 |  |  |  | 71 |
|  | $ | 83 |  |  | $ | (125 | ) |  | $ | 102 |  |  | $ | (4 | ) |  | $ | 63 |  |  | $ | 163 |  |  | $ | 79 |  |  | $ | (62 | ) |  | $ | 265 |
Capital Expenditures by Segment | Capital Expenditures by Segment
For the years ended December 31 |  |  |  |  |  |  |  | 2025 |  |  | 2024 |  |  | 2023 |
USA Operations |  |  |  |  |  |  |  | $ | 1,537 |  |  | $ | 1,868 |  |  | $ | 2,189 |
Canadian Operations |  |  |  |  |  |  |  |  | 606 |  |  |  | 428 |  |  |  | 549 |
Corporate & Other |  |  |  |  |  |  |  |  | 4 |  |  |  | 7 |  |  |  | 6 |
|  |  |  |  |  |  |  | $ | 2,147 |  |  | $ | 2,303 |  |  | $ | 2,744 |
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 December 31 |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
USA Operations |  | $ | 1,938 |  |  | $ | 1,938 |  |  | $ | 11,613 |  |  | $ | 13,263 |  |  | $ | 14,393 |  |  | $ | 16,233 |
Canadian Operations |  |  | 638 |  |  |  | 608 |  |  |  | 2,522 |  |  |  | 970 |  |  |  | 3,921 |  |  |  | 1,917 |
Corporate & Other |  |  | - |  |  |  | - |  |  |  | 109 |  |  |  | 131 |  |  |  | 2,076 |  |  |  | 1,104 |
|  | $ | 2,576 |  |  | $ | 2,546 |  |  | $ | 14,244 |  |  | $ | 14,364 |  |  | $ | 20,390 |  |  | $ | 19,254 |
Goodwill, Property, Plant and Equipment and Total Assets by Geographical Region | Goodwill, Property, Plant and Equipment and Total Assets by Geographic Region
|  | Goodwill |  |  | Property, Plant and Equipment |  |  | Total Assets |
As at December 31 |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
United States |  | $ | 1,938 |  |  | $ | 1,938 |  |  | $ | 11,635 |  |  | $ | 13,302 |  |  | $ | 14,517 |  |  | $ | 16,320 |
Canada |  |  | 638 |  |  |  | 608 |  |  |  | 2,609 |  |  |  | 1,062 |  |  |  | 5,873 |  |  |  | 2,934 |
|  | $ | 2,576 |  |  | $ | 2,546 |  |  | $ | 14,244 |  |  | $ | 14,364 |  |  | $ | 20,390 |  |  | $ | 19,254 |

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