CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. ((TSX &amp, NYSE:SOBO) (South Bow or the Company) has safely restarted the Keystone Pipeline (Keystone) after receiving regulatory approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA), following South Bow's response to an oil release at Milepost 171 (MP-171) of Keystone on April 8, 2025, near Fort Ransom, North Dakota. South Bow is actively progressing its response and recovery efforts, having repaired and repla ...

Core Points - South Bow Corp. will release its first-quarter 2025 financial and operational results on May 15, 2025, after market close [1] - A conference call and webcast to discuss these results will be held on May 16, 2025, at 8 a.m. MT (10 a.m. ET) [2] - The annual general meeting of shareholders will take place virtually on May 15, 2025, at 8 a.m. MT (10 a.m. ET) [5] Financial and Operational Results - The first-quarter 2025 financial results will be available after market close on May 15, 2025 [1] - Audited consolidated financial statements for the year ended December 31, 2024, are accessible on South Bow's website and through regulatory filings [7] Conference Call and Meeting Details - The conference call will provide an opportunity for stakeholders to discuss the first-quarter results [2] - Registration is required to access the conference call, and participants will receive a unique PIN [3] - The annual meeting will enable greater shareholder attendance and participation through a live audio webcast [5][6]

Tuesday’s Keystone pipeline spill resulted in roughly 3,500 barrels of crude oil being released in North Dakota.While that might not sound like much, the issue has halted the flow of millions of gallons of crude oil on the way from Canada to U.S. refineries. The $5.2 billion pipeline transported an average of 624,000 barrels, roughly 26 million gallons, in 2024.Here’s the rub — refineries keep a supply of crude on hand — but if the shutdown continues for a couple of more days, gas, and diesel in particular, ...

CALGARY, Alberta, April 09, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. ((TSX &amp, NYSE:SOBO) (South Bow or the Company) has shut down the Keystone Pipeline (Keystone) and is actively responding to an oil release at Milepost 171 (MP-171) of Keystone, near Fort Ransom, North Dakota. Aligned with incident protocols, South Bow initiated a shutdown and response at approximately 7:42 a.m. CT on April 8, 2025, after control centre leak detection systems detected a pressure drop in the system; the system was shut do ...

Company Overview - South Bow Corporation has officially listed on the Toronto Stock Exchange (TSX) [1] - The company was previously part of TC Energy's liquid pipelines business and became a standalone entity in 2024 [2] Operational Highlights - South Bow delivers 1.25 million barrels of crude oil daily through its pipeline infrastructure [2] - The company connects Alberta crude oil supplies to U.S. refining markets located in Illinois, Oklahoma, and the U.S. Gulf Coast [2] - South Bow emphasizes safe and reliable transportation to North America's highest demand markets [2]

South Bow (SOBO) Q4 2024 Earnings Call March 07, 2025 10:11 PM ET Company Participants Martha Wilmot - Director - IRBevin Wirzba - President & CEOVan Dafoe - SVP & CFORobert Hope - MD - Equity ResearchRichard Prior - SVP & COOAJ O’Donnell - Director - Equity ResearchKeith Stanley - DirectorJames Fracas - VP - Equity Research Conference Call Participants Maurice Choy - Research Analyst - Energy InfrastructureAaron MacNeil - Director, Equity Research AnalystPatrick Kenny - Managing Director, Research AnalystR ...

Corporate Presentation MARCH 2025 South Bow at a Glance A strategic liquids pipelines franchise connecting resilient supply to the strongest demand markets in North America OPERATIONAL HIGHLIGHTS | 4,900 | km | Pipeline footprint | | --- | --- | --- | | 1.25 | MMbbl/d | Delivered safely and reliably | | 7.6 | MMbbl/d | Terminal storage capacity | FINANCIAL HIGHLIGHTS1 | 208 million | Shares outstanding | | --- | --- | | $5.5 billion | Market capitalization | | $11.0 billion | Enterprise value2 | | $2.00 /sh ...

EXHIBIT 99.1 NEWS RELEASE South Bow Reports Fourth-quarter and Year-end 2024 Results, Provides 2025 Outlook, and Declares Dividend CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its fourth-quarter and year-end 2024 financial and operational results and provides its 2025 outlook. Unless otherwise noted, all financial figures in this news release are in U.S. dollars. Highlights Spinoff transaction Safety and operational performance Fi ...

Core Viewpoint - South Bow Corp. reports strong financial and operational results for 2024, highlighting its successful spinoff from TC Energy and providing an optimistic outlook for 2025, despite anticipated challenges in the market. Spinoff Transaction - South Bow launched as an independent company on October 1, 2024, completing its separation from TC Energy Corp. [5] - The company raised approximately $5.8 billion through an initial notes offering on August 28, 2024, and repaid outstanding long-term debt to TC Energy affiliates on the spinoff date [5]. Safety and Operational Performance - South Bow achieved record occupational and process safety performance in 2024 [5]. - The Keystone Pipeline recorded an annual System Operating Factor (SOF) of 95%, with average throughput of approximately 626,000 barrels per day (bbl/d), a 5% increase from 2023 [5]. - The U.S. Gulf Coast segment of the Keystone Pipeline System averaged approximately 795,000 bbl/d, increasing by 15% relative to 2023 [5]. Financial Performance - South Bow generated revenue of $488 million and $2,120 million for the three months and year ended December 31, 2024, respectively [11]. - The company recognized net income of $55 million ($0.26/share) and $316 million ($1.52/share) for the same periods [11]. - Normalized EBITDA for the year ended December 31, 2024, was $1,091 million, a 2% increase from 2023 [11]. - Distributable cash flow was $183 million and $608 million for the three months and year ended December 31, 2024, respectively [11]. Capital Expenditures and Debt - South Bow exited 2024 with total long-term debt of $5.7 billion and net debt of $4.9 billion, with a net debt-to-normalized EBITDA ratio of 4.5 times [11]. - The company expects its net debt-to-normalized EBITDA ratio to increase modestly in 2025 due to investments in the Blackrod Connection Project and one-time spinoff costs [6]. Returns to Shareholders - South Bow declared its inaugural quarterly dividend of $104 million ($0.50/share) on November 7, 2024, and plans to pay a similar dividend on April 15, 2025 [12]. 2025 Guidance - The company projects normalized EBITDA of approximately $1.01 billion for 2025, with about 90% secured through committed arrangements [20]. - Distributable cash flow is expected to be approximately $535 million, which will fund the anticipated annual dividend of $416 million ($2.00/share) [20]. - Capital expenditures for growth are estimated at $110 million for the Blackrod Connection Project in 2025 [20].

Group 1 - South Bow Corporation (TSX: SOBO:CA) (NYSE: SOBO) shares are expected to provide significant upside for investors in the current uncertain environment influenced by US tariffs on other countries [1] - The analyst has over twenty years of experience in sell-side equity research, corporate and project finance, M&A, and valuations, with a focus on Canadian electric utilities and infrastructure sectors [1] - The analyst has been recognized as a top-rated equity research analyst by Institutional Investor and Extel surveys, indicating a strong reputation in the field [1] Group 2 - The article emphasizes the importance of actionable investment ideas and the value of clear arguments in making informed investment decisions [1]