South Bow Q2 2026 earnings rise on higher Keystone throughput, lower operating costs, company says - SOBO News | RalliesSouth Bow Q2 2026 earnings rise on higher Keystone throughput, lower operating costs, company says
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SOBO• Q2 2026 earnings and operating drivers
- South Bow posted Q2 2026 revenue of USD 546 million, normalized EBITDA of USD 280 million, net income of USD 134 million.
- Keystone Pipeline System results improved on higher throughput tied to stronger demand for heavy crude to the U.S. Gulf Coast.
- Lower Keystone operating costs supported earnings, reflecting optimization efforts, lower power prices.
- Marketing contributed from higher unrealized gains on risk management instruments, higher physical volumes, higher average sales prices, partly offset by realized losses.
- Net debt fell to USD 4.59 billion at June 30, 2026 as cash rose to USD 726 million; net debt-to-normalized EBITDA eased to 4.4x.
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