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South Bow Earnings Calls
| Release date | May 07, 2026 |
| EPS estimate | $0.611 |
| EPS actual | $0.612 |
| EPS Surprise | 0.164% |
| Revenue estimate | 683.263M |
| Revenue actual | 682.969M |
| Revenue Surprise | -0.0431% |
| Release date | Mar 09, 2026 |
| EPS estimate | $0.553 |
| EPS actual | $0.84 |
| EPS Surprise | 51.54% |
| Revenue estimate | 692.921M |
| Revenue actual | 690.744M |
| Revenue Surprise | -0.314% |
| Release date | Nov 13, 2025 |
| EPS estimate | $0.538 |
| EPS actual | $0.659 |
| EPS Surprise | 22.49% |
| Revenue estimate | 731.723M |
| Revenue actual | 642.971M |
| Revenue Surprise | -12.13% |
| Release date | Aug 06, 2025 |
| EPS estimate | $0.387 |
| EPS actual | $0.626 |
| EPS Surprise | 61.59% |
| Revenue estimate | 660.393M |
| Revenue actual | 713.913M |
| Revenue Surprise | 8.10% |
Last 4 Quarters for South Bow
Below you can see how SOBO.TO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 06, 2025 |
| Price on release | $36.94 |
| EPS estimate | $0.387 |
| EPS actual | $0.626 |
| EPS surprise | 61.59% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $35.81 |
| Jul 31, 2025 | $36.39 |
| Aug 01, 2025 | $36.36 |
| Aug 05, 2025 | $36.76 |
| Aug 06, 2025 | $36.94 |
| Aug 07, 2025 | $37.38 |
| Aug 08, 2025 | $37.68 |
| Aug 11, 2025 | $38.32 |
| Aug 12, 2025 | $37.82 |
| 4 days before | 3.16% |
| 4 days after | 2.38% |
| On release day | 1.19% |
| Change in period | 5.61% |
| Release date | Nov 13, 2025 |
| Price on release | $36.58 |
| EPS estimate | $0.538 |
| EPS actual | $0.659 |
| EPS surprise | 22.49% |
| Date | Price |
|---|---|
| Nov 07, 2025 | $36.41 |
| Nov 10, 2025 | $36.74 |
| Nov 11, 2025 | $36.81 |
| Nov 12, 2025 | $37.33 |
| Nov 13, 2025 | $36.58 |
| Nov 14, 2025 | $38.45 |
| Nov 17, 2025 | $38.78 |
| Nov 18, 2025 | $38.98 |
| Nov 19, 2025 | $39.38 |
| 4 days before | 0.467% |
| 4 days after | 7.65% |
| On release day | 5.11% |
| Change in period | 8.16% |
| Release date | Mar 09, 2026 |
| Price on release | $45.31 |
| EPS estimate | $0.553 |
| EPS actual | $0.84 |
| EPS surprise | 51.54% |
| Date | Price |
|---|---|
| Mar 03, 2026 | $45.17 |
| Mar 04, 2026 | $45.44 |
| Mar 05, 2026 | $45.55 |
| Mar 06, 2026 | $45.47 |
| Mar 09, 2026 | $45.31 |
| Mar 10, 2026 | $44.90 |
| Mar 11, 2026 | $45.44 |
| Mar 12, 2026 | $45.07 |
| Mar 13, 2026 | $46.01 |
| 4 days before | 0.310% |
| 4 days after | 1.54% |
| On release day | -0.90% |
| Change in period | 1.86% |
| Release date | May 07, 2026 |
| Price on release | $47.92 |
| EPS estimate | $0.611 |
| EPS actual | $0.612 |
| EPS surprise | 0.164% |
| Date | Price |
|---|---|
| May 01, 2026 | $47.23 |
| May 04, 2026 | $47.91 |
| May 05, 2026 | $48.15 |
| May 06, 2026 | $47.36 |
| May 07, 2026 | $47.92 |
| May 08, 2026 | $47.50 |
| May 11, 2026 | $48.44 |
| May 12, 2026 | $49.62 |
| May 13, 2026 | $49.33 |
| 4 days before | 1.46% |
| 4 days after | 2.94% |
| On release day | -0.88% |
| Change in period | 4.45% |
South Bow Earnings Call Transcript Summary of Q1 2026
South Bow Corporation reported solid Q1 2026 results driven by strong operational performance and stable cash flows. Key operational highlights included placing the BlackRock Connection project into service, continued remedial integrity work on the Keystone system with phased pressure-restriction removals expected to begin later this year, and a successful open season for the Prairie Connector now in a 60-day evaluation period. Q1 normalized EBITDA was $257 million, in line with expectations, and the company reaffirmed full-year normalized EBITDA guidance of $1.03 billion (+/−2%). Distributable cash flow was $168 million for the quarter and full-year DCF guidance of $655 million was maintained. Net debt-to-normalized-EBITDA remained 4.7x at quarter end, with modest leverage improvement anticipated as BlackRock cash flows ramp in H2. The board approved a quarterly dividend of $0.50 per share. Management emphasized disciplined capital allocation and willingness to use a range of financing options for large projects, prioritizing dividend sustainability, investment-grade credit profile, and leverage neutrality. For Keystone, remedial efforts continue with new phased-array ultrasonic inspection tools showing promising results; full removal of pressure restrictions is expected to extend into 2027. Management is taking a conservative, risk-allocated approach to advancing Prairie Connector and will use the full 60-day evaluation period before announcing next steps.
