South Bow generated $503 million in revenue during the fourth quarter of 2025, producing $156 million in net income and $252 million in normalized EBITDA. Distributable cash flow totaled $149 million as the company maintained strong contracted pipeline cash flows despite tighter pricing differentials and operational constraints earlier in the year.

South Bow generated revenue of $524 million and net income of $96 million ($0.46 per share), produced normalized EBITDA of $250 million and distributable cash flow of $167 million, maintained net debt of $4.903 billion and declared $104 million in dividends.

South Bow delivered $498 million in revenue and $88 million in net income during Q1 2025, with adjusted EPS of $0.47. Normalized EBITDA reached $266 million, and distributable cash flow totaled $151 million. The company maintained its leverage position while investing in strategic infrastructure and addressing operational incidents responsibly.