v3.25.4
Financing and additional notes and loans payable information
12 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Financing and additional notes and loans payable information Financing and additional notes and loans payable information
millions of Canadian dollars2025 2024 2023 
Debt-related interest (a)
131 192 203 
Capitalized interest(105)(155)(141)
Net interest expense26 37 62 
Other interest(14)4 7 
Total financing
12 41 69 
(a)Includes related party interest with ExxonMobil.

During the fourth quarter of 2025, the company extended the maturity dates of its two existing $250 million committed lines of credit to November 2026 and November 2027, respectively.

The company has not drawn on any of its outstanding $500 million of available credit facilities.
At December 31, 2025 and at December 31, 2024, the company had no short-term borrowings outstanding.