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<div>
<div>
<p style="margin-top:0pt; margin-left:13.5pt; margin-bottom:0pt; text-indent:-13.5pt; padding-left:13pt; font-size:12pt">
<span style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Basis</span><span style="font-family:Arial; font-weight:bold; font-style:italic"> </span><span style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">for</span><span style="font-family:Arial; font-weight:bold; font-style:italic"> </span><span style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Presentation</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial">The accompanying unaudited interim financial statements have been prepared in accordance with the accounting requirements of the Federal Energy Regulatory Commission (“FERC USA”), as set forth in its applicable Uniform System of Accounts and published accounting releases for quarterly reporting, which is a comprehensive basis of accounting other than accounting principles accepted in the United States of America (“GAAP”). Accordingly, they do not include all the information and footnotes required by FERC USA in the annual report. In accordance with FERC USA guidelines</span><span style="font-family:Arial">, prior year</span><span style="font-family:Arial"> quarterly information </span><span style="font-family:Arial">is</span><span style="font-family:Arial"> included in </span><span style="font-family:Arial">the FERC</span><span style="font-family:Arial"> 6Q. In the opinion of management, they contain all adjustments, consisting only of normal recurring adjustments, which management considers necessary to present fairly the financial position as of March 31, 2025 and December 31, 2024; the results of operations for the three months ended March 31, 2025 and March 31, 2024; and cash flows for the three months ended March 31, 2025 and March 31, 2024, in accordance with the accounting requirements of FERC USA. The results of operations for the three months </span><span style="font-family:Arial">ended</span><span style="font-family:Arial"> March 31, </span><span style="font-family:Arial">2025</span><span style="font-family:Arial"> and March 31, </span><span style="font-family:Arial">2024</span><span style="font-family:Arial"> should not be taken as indicative of the results to be expected for the full year, due to seasonality, maintenance activities and other factors. The interim financial statements should be read in conjunction with the financial statements and notes thereto of Express Pipeline LLC, presented in Form No. 6 Annual Report files for 2024.</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial">Certain comparative figures in our financial statements have been reclassified to conform to the current year’s presentation:</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial">- Page 120: $518,289 related to the amortization of intangible assets has been reclassified from Row 4 (Depreciation) to Row 5 (Amortization).</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt">
<span style="font-family:Arial; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:8pt; font-size:8pt">
<span style="font-family:Arial; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
</div>
</div>
2025/Q1
2025
Q1
<div>
<div>
<p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-indent:-18pt; padding-left:18pt; font-size:11pt">
<span style="font-family:Arial">1.</span><span style="font-family:Arial; font-size:10pt">None</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-indent:-18pt; padding-left:18pt; font-size:11pt">
<span style="font-family:Arial">2.</span><span style="font-family:Arial; font-size:10pt">None</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-indent:-18pt; padding-left:18pt; font-size:11pt">
<span style="font-family:Arial">3.</span><span style="font-family:Arial; font-size:10pt">None</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-indent:-18pt; padding-left:18pt; font-size:11pt">
<span style="font-family:Arial">4.</span><span style="font-family:Arial; font-size:10pt">None</span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-left:18pt; margin-bottom:0pt; text-indent:-18pt; padding-left:18pt; font-size:11pt">
<span style="font-family:Arial">5.</span><span style="font-family:Arial; font-size:10pt">N/A</span>
</p>
<p style="margin-top:0pt; margin-bottom:8pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
<p style="margin-top:0pt; margin-bottom:0pt; font-size:12pt">
<span style="font-family:'Times New Roman'; "> </span>
</p>
</div>
</div>
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177105044
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229135059
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245959730
10411016
215786743
10175868
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480
202653
49958561
49958561
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248745304
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Nafeesa Kassam
Vice President - Finance
Nafeesa Kassam
2025-06-07
Express Pipeline LLC
915 North Eldridge Parkway, Suite 1100, Houston, Texas, 77079
Alan McCoy
Manager, Accounting
Suite 200, 425 - 1st Street SW, Calgary, Alberta, Canada T2P 3L8
403-231-5937
O
N/A
N/A
17163178
28348989
3608101
619575
377536
50117379
558938581
383393052
175545529
175545529
9775630
4643704
293716
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231088550
18792647
1058227
20832524
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228222
228222
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34410948
34410948
34410948
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17163178
Prepaids
Other Long-term Assets
18224
3410934
Other Long-term Liabilities
-8071
-24773
Construction Payables
-74486
-223435
Others
1218381
-2928123
Capital Contributions from Partner
-164000000
Cash Distributions to Partners
-40000000
-181000000
56465551
56465551
946376
946376
40140
40140
57452067
82946
82946
82946
2230527
2230527
2230527
5228653
5228653
5228653
-80103
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-80103
32056
32056
32056
322
322
322
7494401
7494401
7494401
2739413
2739413
2739413
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5234697
5234697
318089
318089
318089
7525078
7525078
7525078
14759
14759
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15832036
15832036
23326437
23326437
20668976
20668976
20330971
20330971
20668976
20668976
20330971
20330971
Montana
20668976
20668976
6696266
6696266
Wyoming
13634705
13634705
518289
1
1
2
1
2
1
1
1
2