Quarterly ResultMay 7, 2026, 05:03 PM
South Bow Q1 Revenue $491M, Net Income $77M, EPS $0.37
AI Summary
South Bow Corp. reported stable first-quarter 2026 financial results, with revenue of $491 million, net income of $77 million ($0.37/share), and normalized EBITDA of $257 million. Distributable cash flow increased to $168 million, driven by lower current taxes. The company also successfully placed the Blackrod Connection Project into commercial service and reaffirmed its 2026 annual normalized EBITDA guidance of approximately $1.03 billion, while maintaining a quarterly dividend of $0.50 per share.
Key Highlights
- Q1 2026 Revenue was $491 million.
- Q1 2026 Net Income was $77 million, or $0.37 per share.
- Q1 2026 Normalized EBITDA reached $257 million, up $5 million from Q4 2025.
- Q1 2026 Distributable Cash Flow was $168 million, up $19 million from Q4 2025.
- Board approved a quarterly dividend of $0.50 per share, payable July 15, 2026.
- Keystone Pipeline average throughput was approximately 616,000 barrels per day.
- Blackrod Connection Project placed into service, expected to add $10 million normalized EBITDA in 2026.
- Reaffirmed 2026 annual normalized EBITDA guidance of approximately $1.03 billion.
Price Impact
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