$SOBO

South Bow Corp (SOBO) held its Q2 2026 earnings call, reporting first-half revenue of $1,037 million and net income of $211 million. Management raised full-year guidance to normalized EBITDA of $1.04 billion and distributable cash flow of $665 million. Leverage fell to 4.4x; quarterly dividend is $0.50. Open season secured 465,000 bpd over 20 years.

South Bow Corporation (TSX:SOBO) reported Q2 2026 results with US$546 million sales and US$134 million net income, plus a US$0.50/share dividend payable Oct. 15, 2026. The company raised 2026 normalized EBITDA and distributable cash flow targets, citing 465,000 bpd 20-year Prairie Connector commitments and progress on Keystone remediation. Guidance includes C$1.04B EBITDA and C$665M distributable cash flow.

South Bow Corp. (SOBO-T) said it is on track to reach a final investment decision for its Prairie Connector pipeline by mid-2027 after securing shipper commitments. The open season secured 20-year contracts from nine customers totaling 465,000 bpd. In Q2, South Bow reported net income of $134 million, EPS 64 cents, and revenue of $546 million.

ATCO Ltd. hit a 52-week high after Alberta approved ATCO subsidiary Canadian Utilities’ Yellowhead natural gas pipeline project, a $2.9 billion build. ARC Resources also hit a high as Shell agreed to acquire it. Bombardier Defense, CN, Keyera, Logan Energy, Mullen Group, Ovintiv, South Bow, and Tidewater Midstream also reached 52-week highs on company or deal updates.

The U.S. Justice Department reached a settlement with South Bow Corp. over a 2022 Keystone pipeline rupture in Kansas that spilled nearly 13,000 barrels. South Bow will pay a US$26.9 million civil penalty, spend about US$40 million on preventive work, and pay US$3 million to Kansas for restoration. The spill covered Mill Creek and harmed wildlife, according to the DOJ. (TSX:SOBO)

The Canadian Press reports revived oil-pipeline proposals in Canada. Ontario Premier Doug Ford backs Northern Shield Energy Corridor (initial 500,000 bpd from Hardisty to Sarnia), while Alberta Premier Danielle Smith supports a west-coast route using existing Trans Mountain corridors. Enbridge’s Northern Gateway was previously cancelled after court rulings. South Bow (SOBO) is exploring Prairie Connector using Keystone XL pipe; final investment decision planned for next year.

After the 2014-15 oil price crash, major firms including BP, Chevron and TotalEnergies exited Canada’s oil sands, citing high costs and weak profitability, and shifted capital to US shale. A Canadian Energy Centre/Enverus report says oil sands have since cut sustaining break-even costs to about WTI $43.10–$40.85 (BMO), while Texas shale averages about $65/bbl.

Iran is reviewing a new U.S. ceasefire proposal, with Mehr Agency saying it is being assessed, helping cap Brent upside at about $95/bbl for now. Separately, Ukraine says it struck 15 Russian refineries from January-May, while Reuters reports Russian seaborne crude exports averaged 3.46m b/d in 2026 to date. OPEC+ is expected to raise output by 188,000 b/d.

Iran is reviewing a new U.S. ceasefire proposal, with Mehr agency saying authorities are considering it, which has capped Brent upside around $95/bbl. Separately, Ukraine’s strikes on Russian refineries are reportedly boosting Russian crude export loadings; 2026 seaborne exports average 3.46m b/d. Reuters says Venezuela exports rose to 1.25m b/d in May.

South Bow Corp. (TSX/NYSE: SOBO) said its open season closed March 30, 2026 with 20-year binding commitments for firm transportation from Hardisty, Alta., to U.S. delivery points. The company will continue advancing its Prairie Connector project toward a mid-2027 final investment decision, subject to completing permits, government assurances, cost estimates, stakeholder engagement and financing.