South Bow

A proposed settlement would require South Bow to pay a $26.9m civil penalty, spend about $40m on prevention measures and pay Kansas more than $3m for restoration to resolve EPA and state allegations over the December 2022 Keystone pipeline rupture that spilled nearly 13,000 barrels of heavy crude. The agreement follows findings of improperly compacted soil and an overstressed pipe bend at the rupture site and would be finalized by a judge after a 30-day public comment period. South Bow says it completed comprehensive remediation in February 2024 and has since increased inspections and repairs across its system. » More on theguardian.com

South Bow reported Q1 2026 earnings per share of $0.44 and revenue of $491 million, meeting expectations. Normalized EBITDA was $257 million, distributable cash flow rose to $168 million, and the net debt/EBITDA ratio stands at 4.7x. The company announced a quarterly dividend of $0.50 and confirmed the annual guidance of around $1.03 billion in normalized EBITDA and $655 million in distributable cash flow. The successful start of the "Blackrod Connection Project" is expected to improve growth prospects; the stock reacted slightly positively in after-hours trading. » More on de.investing.com

South Bow reported Q1 2026 earnings per share of $0.44 on revenue of $491 million and normalized EBITDA of CAD 257 million. The Blackrod Connection Project was placed into commercial operation and is expected to generate higher cash flows going forward. The company confirmed its full-year guidance of roughly CAD 1.03 billion normalized EBITDA (±2%) and distributable cash flow of CAD 655 million; net debt stands at 4.7x EBITDA. South Bow approved a quarterly dividend of CAD 0.50; the stock rose premarket to $35.11, near its 52-week high. » More on de.investing.com