Quarterly ResultMay 7, 2026, 05:02 PM
South Bow Q1 Revenue $491M, Net Income $77M; Declares $0.50 Dividend
AI Summary
South Bow Corp. reported its first-quarter 2026 financial and operational results, with revenue of $491 million and net income of $77 million ($0.37 per share). The company delivered stable financial results, with normalized EBITDA increasing to $257 million and distributable cash flow rising to $168 million compared to the previous quarter. South Bow also declared a quarterly dividend of $0.50 per share. Operationally, the Blackrod Connection Project was placed into commercial service on schedule and budget, and the company reaffirmed its 2026 annual guidance for normalized EBITDA at approximately $1.03 billion.
Key Highlights
- Q1 2026 Revenue was $491 million.
- Q1 2026 Net Income was $77 million, or $0.37 per share.
- Normalized EBITDA increased to $257 million, up $5 million from Q4 2025.
- Distributable cash flow rose to $168 million, up $19 million from Q4 2025.
- A quarterly dividend of $0.50 per share was declared, payable July 15, 2026.
- Keystone Pipeline average throughput was 616,000 bbl/d with a 95% System Operating Factor.
- Blackrod Connection Project commenced operations, expected to add $10 million normalized EBITDA in 2026.
- 2026 Normalized EBITDA guidance reaffirmed at approximately $1.03 billion.