South Bow Corp. reported second-quarter 2026 revenue of $546 million and net income of $134 million, or $0.64 a share, as disrupted global crude flows drove shippers to its US Gulf Coast system. Throughput on the US Gulf Coast segment of the Keystone Pipeline System averaged roughly 800,000 barrels per day, up from 709,000 bbl/d in the first quarter and 760,000 bbl/d a year earlier, lifting normalized EBITDA to $280 million, a 9% increase from the first quarter, and distributable cash flow to $175 million, up 4% sequentially. The board declared a quarterly dividend of $0.50 a share, payable October 15, to shareholders of record as of September 29, and management raised full-year guidance to $1.04 billion in normalized EBITDA and $665 million in distributable cash flow. An open season closed with 20-year binding commitments from nine customers for 465,000 bbl/d of firm transportation service from Hardisty, Alta., to US delivery points. South Bow warned that third-quarter normalized EBITDA will land about 10% below the second quarter's $280 million as declining crude inventories at Cushing, Okla., tighten pricing differentials, and it raised growth capital spending guidance to approximately $80 million, largely for $65 million of pre-final investment decision costs tied to the proposed Prairie Connector and Liberty Bridge Pipeline projects, with a final investment decision not targeted until mid-2027.
South Bow CorporationSouth Bow posted $134M Q2 profit, raised 2026 EBITDA/DCF guidance, and declared a $0.50 dividend.
Dalipal Holdings Ltd
