SEDAR Interim Financial Statements

[
  {
    "companyName": "Rockpoint Gas Storage",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 22.2,
      "tradeAndAccruedReceivables": 73.1,
      "naturalGasInventory": 56.6,
      "shortTermRiskManagementAssets": 32.6,
      "marginDeposits": 0.9,
      "prepaidExpensesAndOtherCurrentAssets": 5.0,
      "dueFromAffiliates": 106.3,
      "totalCurrentAssets": 296.7,
      "propertyPlantAndEquipmentNet": 890.7,
      "goodwill": 117.2,
      "longTermRiskManagementAssets": 17.4,
      "otherAssets": 6.3,
      "totalLongTermAssets": 1031.6,
      "totalAssets": 1328.3,
      "tradePayablesAndAccruedLiabilities": 53.4,
      "shortTermDebt": 12.2,
      "shortTermRiskManagementLiabilities": 13.0,
      "shortTermLeaseLiabilities": 8.4,
      "shortTermGasStorageObligations": 1.4,
      "marginDeposits": 6.5,
      "deferredRevenue": 0.5,
      "totalCurrentLiabilities": 95.4,
      "longTermDebt": 1203.0,
      "longTermRiskManagementLiabilities": 7.2,
      "longTermLeaseLiabilities": 92.0,
      "longTermGasStorageObligations": 13.7,
      "decommissioningObligations": 6.4,
      "otherLongTermLiabilities": 3.7,
      "deferredIncomeTaxes": 85.4,
      "totalLongTermLiabilities": 1411.4,
      "ownersEquity": -178.5,
      "totalLiabilitiesAndEquity": 1328.3,
      "cashPerShare": null,
      "workingCapitalPerShare": null
    },
    "incomeStatement": {
      "feeForServiceRevenue": 96.6,
      "optimizationNet": 50.6,
      "totalRevenues": 147.2,
      "costOfGasStorageServices": 2.3,
      "operating": 11.8,
      "generalAndAdministrative": 5.1,
      "depreciationAndAmortization": 9.4,
      "financingCosts": 20.8,
      "gainLossOnGasStorageObligationsNet": -0.5,
      "otherIncomeExpenses": -0.2,
      "totalExpenses": 48.7,
      "earningsBeforeIncomeTaxes": 98.5,
      "incomeTaxExpenseCurrent": 3.1,
      "incomeTaxExpenseDeferred": 7.0,
      "totalIncomeTaxExpense": 10.1,
      "netEarnings": 88.4,
      "otherComprehensiveIncomeLossNetOfTax": 0.7,
      "netEarningsAndComprehensiveEarnings": 89.1,
      "weightedAverageSharesOutstanding": null
    },
    "cashFlowStatement": {
      "netEarnings": 88.4,
      "deferredIncomeTaxExpenseBenefit": 7.0,
      "unrealizedRiskManagementGains": -16.1,
      "depreciationAndAmortization": 9.4,
      "amortizationOfDeferredFinancingCosts": 2.6,
      "other": 0.6,
      "changesInNonCashWorkingCapital": -6.9,
      "netCashProvidedByOperatingActivities": 85.0,
      "propertyPlantAndEquipmentExpenditures": -7.4,
      "netCashUsedInInvestingActivities": -7.4,
      "proceedsFromRevolvingCreditFacilities": 115.6,
      "paymentsOfRevolvingCreditFacilities": -120.6,
      "proceedsFromTermLoan": 0.0,
      "paymentsOfTermLoans": -3.1,
      "proceedsFromRepaymentsOfAffiliatedNotes": 135.6,
      "notesExtendedToRelatedParties": -69.3,
      "paymentsOfFinancingCosts": -5.6,
      "paymentsOfLeaseLiabilities": -0.1,
      "distributions": -138.5,
      "netCashUsedInFinancingActivities": -86.0,
      "effectOfTranslationOnForeignCurrencyCashAndCashEquivalents": 0.1,
      "netChangesInCashAndCashEquivalents": -8.3,
      "cashAndCashEquivalentsBeginningOfPeriod": 30.5,
      "cashAndCashEquivalentsEndOfPeriod": 22.2
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Property, plant and equipment includes cushion gas, pipelines and interconnects, wells, land and storage formations, facilities and other.",
        "ownershipPercentage": null,
        "value": 890.7,
        "notes": "Net book value as of December 31, 2025."
      },
      {
        "type": "Marketable Securities",
        "description": "Risk management assets (commodity, currency, and interest rate derivatives).",
        "ownershipPercentage": null,
        "value": 50.0,
        "notes": "Fair value of Level 2 assets as of December 31, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": null,
      "classesOfShares": ["Class A common shares", "Class B non-public voting shares"],
      "warrants": [],
      "options": [
        {
          "number": 132844,
          "exercisePrice": 18.37,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "USD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "shareBasedCompensation": null
        },
        "nineMonthsEndedDec312025": {
          "shareBasedCompensation": null
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Brookfield parent entities and Rockpoint",
          "description": "Advances in exchange for unsecured, non-interest-bearing promissory notes due on demand.",
          "amount": 29.3,
          "period": "December 30, 2025"
        },
        {
          "counterparty": "Brookfield parent entities",
          "description": "Advances in exchange for unsecured, non-interest-bearing promissory notes due on demand.",
          "amount": 77.0,
          "period": "October 10, 2025 and May 29, 2025"
        },
        {
          "counterparty": "Related utility company",
          "description": "Market-based contracts for purchase of electricity and risk management contracts.",
          "amount": 0.1,
          "period": "Nine months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Brookfield and certain officers, employees and former employees under Brookfield’s long-term incentive plan agreements ('legacy incentive plans') have been in discussions to amend the plans to facilitate partial payment of amounts thereunder. The partial payment is expected to be $39.4 million once amendments are finalized. The payments are not obligations of the Company.",
        "impactValue": 39.4
      }
    ]
  }
]