Quarterly ResultAug 5, 2026, 05:05 PM
South Bow Q2 Net Income Up 39.6% to $134M; Raises 2026 Guidance
AI Summary
South Bow Corp reported strong second-quarter 2026 financial results, with net income climbing 39.6% to $134 million and revenue increasing 4% to $546 million, driven by higher throughput on its Keystone Pipeline System. The company also raised its full-year 2026 guidance for normalized EBITDA to $1,040 million and distributable cash flow to $665 million, reflecting better-than-expected performance. Additionally, South Bow announced a successful open season for its proposed Prairie Connector project, securing significant long-term commitments.
Key Highlights
- Q2 2026 net income increased 39.6% year-over-year to $134 million.
- Q2 2026 revenue rose 4% year-over-year to $546 million.
- Q2 2026 normalized EBITDA grew 12% year-over-year to $280 million.
- Raised 2026 normalized EBITDA guidance to $1,040 million.
- Increased 2026 distributable cash flow guidance to $665 million.
- Keystone Pipeline throughput increased 9.6% to 596 Mbbl/d in Q2 2026.
- Prairie Connector project secured 465,000 bbl/d commitments in open season.
- Net debt-to-normalized EBITDA ratio improved to 4.4 times from 4.7 times.
Price Impact
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