Quarterly ResultAug 5, 2026, 05:03 PM
South Bow Q2 Net Income $134M, Revenue $546M; Raises 2026 Guidance
AI Summary
South Bow Corp. reported strong second-quarter 2026 financial and operational results, driven by high demand for capacity on its U.S. Gulf Coast segment. The company posted $546 million in revenue and $134 million in net income ($0.64 per share), alongside a 9% increase in normalized EBITDA to $280 million compared to the previous quarter. South Bow also raised its 2026 normalized EBITDA guidance to $1,040 million and distributable cash flow guidance to $665 million, reflecting stronger-than-expected first-half performance. Additionally, the company announced a leadership change on its Board of Directors, with George Lewis succeeding Hal Kvisle as Chair.
Key Highlights
- Reported Q2 2026 revenue of $546 million.
- Achieved Q2 2026 net income of $134 million ($0.64/share).
- Delivered Q2 2026 normalized EBITDA of $280 million, up 9% from Q1 2026.
- Generated Q2 2026 distributable cash flow of $175 million, up 4% from Q1 2026.
- Net debt-to-normalized EBITDA ratio improved to 4.4 times from 4.7 times.
- Increased 2026 normalized EBITDA guidance to $1,040 million.
- Increased 2026 distributable cash flow guidance to $665 million.
- Hal Kvisle stepped down as Chair of the Board; George Lewis appointed Chair.
Price Impact
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