• South Bow outlined a $12.1 billion enterprise value, $7.7 billion market capitalization, 208.6 million shares outstanding, $2 annual base dividend, ~5.5% yield.
• Q2 2026 normalized EBITDA of $280 million; distributable cash flow of $175 million; net debt-to-normalized EBITDA ratio of 4.4.
• Secured 20-year binding commitments for 465,000 bbl/d of firm service from Hardisty to U.S. delivery points.
• Targets mid-2027 final investment decisions for Prairie Connector and Liberty Bridge; expects about $65 million of 2026 pre-FID costs.
• Keystone Pipeline System footprint of 4,300 km; 1.25 million bbl/d delivered; 7.7 million bbl of terminal storage capacity.

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.