Financial Highlights Q2 2020

    THREE MONTHS ENDED JUNE 30, 2020
      2020 2019

    Operating

    Daily average gas delivered and sold (MMscfd) 50.6 56.6
    Industrial 12.6 13.1
    Power 38.0 43.5
    THREE MONTHS ENDED JUNE 30, 2020
      2020 2019

    Average Price ($/mcf)

    Industrial 7.35 8.32
    Power 3.44 3.35
    Weighted Average 4.41 4.50
    Operating netback ($/mcf) 2.74 2.81
    THREE MONTHS ENDED JUNE 30, 2020
      2020 2019

    Financial ($000's unless sated otherwise)

    Revenue 17,320 20,994
    Net cash flows from operating activities
       per share - basic and diluted ($)    		 13,515
    0.51    		 8,978
    0.25
    Net income
      attributable to shareholders
      per share - basic and diluted ($)    		 6,254
    0.24    		 6,718
    0.19
    Adjusted funds flow from operations
      per share - basic and diluted ($)    		 7,367
    0.28    		 10,490
    0.30
    Capital expenditures (excluding transfers) 1,005 1,413

    ($000's unless sated otherwise)

    As at June 30, 2020

    As at December 31, 2019
    Working Capital (including cash) 85,402 106,972
    Cash and cash equivalents 101,113 93,899
    Investments in short-term bonds 4,963 44,756
    Long-term loan 54,159 54,057
    Outstanding shares (000's)
      Class A
      Class B
    1,750
    24,388
    1,750
    32,557
    Total shares outstanding (000's) 26,138 34,307
    Weighted average Class A
    and Class B shares    		 29,516 34,931