South Bow Corporation (T:SOBO*CA)

Business Focus: Oil & Gas Transportation Services (NEC)

Sector:  Energy Industry:  Oil & Gas Transportation Services
 
Company Contact
Address: 450 - 1St Street S.W
CALGARY AB T2P 5H1
Tel: N/A
Website: N/A
IR: N/A
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Key People
Hal Kvisle
Chairman of the Board 		Bevin Wirzba
President, Chief Executive Officer, Director 		Van Dafoe
Chief Financial Officer, Senior Vice President
Richard Prior
Chief Operating Officer, Senior Vice President 		Tamara Loewen
Chief Information Officer, Vice President - Information Services 		 
Business Overview
South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. The Company connects Canadian crude oil supply to the strongest demand and refining markets in the United States Midwest and Gulf Coast. Its pipeline infrastructure, approximately 4,900 kilometers (km) (3,000 m), connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma and the United States Gulf Coast. The Canadian portion of the pipeline runs from Hardisty, Alberta, east through Manitoba where it turns south and crosses the border into North Dakota. In Alberta, its Grand Rapids Pipeline System (460 kilometers/287 mi) connects producing areas northwest of Fort McMurray, to terminals in the Edmonton/Heartland regions, including the TransMountain Terminal. Its White Spruce Pipeline System (72 km/45 mi) transports crude oil produced at the Canadian Natural Resources Limited Horizon Oil Sands Facility to the Grand Rapids Pipeline.
Financial Overview
For the nine months ended 30 September 2024, South Bow Corp revenues increased 13% to C$2.22B. Net income decreased 22% to C$353M. Revenues reflect Keystone Pipeline System segment increase of 12% to C$2.06B, Unallocated segment increase of 20% to C$139M. Net income was offset by Interest Exp-Net of Capitalized Interest increase from C$148M to C$368M (expense), Other interest and amortization expense increase from C$2M to C$46M (expense).
Reporting Currency: Canadian Dollars
Enterprise value: N/A
Annual revenue (TTM): N/A
EBITDA (TTM): N/A
Net annual income (TTM): N/A
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $13,286M as of Sep 30, 2024
Shares outstanding: 207,570,409 as of Oct 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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