South Bow Reports Q3 2026 Results with Increased Annual Cash Flow Guidance
South Bow (SOBO) reported third-quarter revenue of $503 million, a 9% year-over-year increase driven by higher Keystone Pipeline System contributions and the absence of prior toll dispute charges. While normalized EBITDA saw a slight decline to $248 million due to lower uncommitted volumes on the Marketlink system, the company raised its full-year 2026 distributable cash flow guidance by 4% to approximately $690 million. The company is actively managing its balance sheet, repurchasing $320 million in senior unsecured notes during the quarter and maintaining a net debt of $4.4 billion. Looking ahead to 2027, management provided normalized EBITDA guidance of approximately $1.07 billion, bolstered by anticipated contributions from the Blackrod project lateral.
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Topics: distributable cash flow EBITDA guidance financial results revenue growth