Business · Companies · 5 hrs ago
South Bow reports US$99-million third-quarter profit
South Bow reported US$99-million in third-quarter profit, up from US$93-million in the same quarter a year earlier.
Revenue also rose, reaching US$503-million compared with US$461-million.
The Calgary-based crude oil pipeline operator spun off from TC Energy in late 2024.
South Bow and U.S. partner Bridger Pipeline are developing a cross-border system that would use some dormant infrastructure from the defunct Keystone XL project.
South Bow expects to spend US$65-million on predevelopment this year and another US$65-million next year.
The companies expect to make a final investment decision in mid-2027.
South Bow says it may speed up spending as regulatory certainty and permit durability improve.
South Bow Corp. reported third-quarter net income of US$99-million, up from US$93-million a year earlier.
Profit was 47 US cents per share, compared with 45 US cents per share in the same quarter of 2025.
Revenue rose to US$503-million from US$461-million year-over-year.
South Bow and its U.S. partner Bridger Pipeline expect to make a final investment decision in mid-2027 on a proposed cross-border pipeline system.
The proposed system would use some dormant infrastructure from the defunct Keystone XL project.
- Who
- South Bow Corp., a crude oil pipeline operator.
- What
- It reported third-quarter net income of US$99-million, compared with US$93-million a year earlier.
- When
- The third quarter; the article was published on Nov. 4, 2026.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
South Bow spun off from TC Energy Corp.
South Bow reported net income of US$93-million.
South Bow reported net income of US$99-million.
South Bow and Bridger Pipeline expect to make a final investment decision on the proposed cross-border pipeline system.
- Third-quarter net income
- US$99-million
- Year-earlier net income
- US$93-million
- Earnings per share
- 47 US cents, compared with 45 US cents in the same 2025 quarter
- Revenue
- US$503-million, up from US$461-million year-over-year
- Expected investment decision
- Mid-2027
What people are saying
greater regulatory certainty and permit durability are achieved