• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Bow Corporation published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.