Total Revenue

+13% (up from $3,572m to $4,042m)

Total Revenue grew by 13% due to a robust surge in natural gas sales (up nearly 80%) and a strong 27% jump in Natural Gas Pipelines revenue, which more than offset the decline in product sales; this continued the momentum seen in prior periods where higher commodity prices and volume gains boosted revenue. " "

Natural Gas Pipelines Revenue

+27% (from $1,993m to $2,536m)

Natural Gas Pipelines revenue increased by 27% as higher transport volumes driven by favorable cold weather and expansion contributions improved throughput on key pipelines, echoing earlier period trends of increased capacity and operational enhancements. " "

Natural Gas Sales

+80% (from $490m to $879m)

Natural Gas Sales surged nearly 80% as higher commodity prices and record demand vastly increased sales revenue, reflecting a continued upward trajectory from previous periods where similar market conditions and expansion projects set the stage for stronger performance. " "

Product Sales

–16% (declined from $883m to $740m)

Product Sales fell by 16% YoY mainly due to lower crude oil prices and reduced sales volumes, a challenge noted in previous periods where asset divestitures and market pricing pressures negatively affected revenue in this segment. " "

Firm Services Revenue

+9% (up from $1,183m to $1,293m)

Firm Services revenue increased by 9% as higher volumes and rate escalations, along with benefits from earlier acquisitions and operational improvements, drove steady performance compared to the previous year. " "

Derivatives Adjustments

Swing from –$25m to +$23m

Derivatives Adjustments improved dramatically with the swing from a $25 million loss to a $23 million gain, reflecting more favorable market conditions and derivative valuations compared to prior periods where unfavorable energy commodity and foreign currency movements had driven significant losses. " "