South Bow Reports Third-quarter 2026 Results, Provides 2027 Outlook, and Declares Dividend
Key Highlights
- ➤Q3 net income $99 million, or $0.47/share
- ➤Q3 normalized EBITDA $248 million, down 11% from Q2
- ➤2027 normalized EBITDA projected at $1,070 million, within 2%
- ➤2026 distributable cash flow guidance raised 4% to $690 million
- ➤Quarterly dividend of $0.50/share payable Jan. 15, 2027
CALGARY, Alberta, Nov. 04, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its third-quarter 2026 financial and operational results and provides its 2027 outlook. Unless otherwise noted, all financial figures in this news release are presented in U.S. dollars.
Safety and operational performance * Recorded third-quarter 2026 average throughput of approximately 586,000 barrels per day (bbl/d) on the Keystone Pipeline. Average throughput on the U.S. Gulf Coast segment of the Keystone Pipeline System was approximately 663,000 bbl/d, with pricing differentials tightening and demand for capacity moderating as the disruptions to global crude oil trade flows observed in the second quarter of 2026 eased. * Throughput on the Keystone Pipeline and the U.S. Gulf Coast segment of the Keystone Pipeline System averaged approximately 599,000 bbl/d and 724,000 bbl/d, respectively, for the nine months ended Sept. 30, 2026.
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