NYSE$SOBO

South Bow Corp · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

South Bow reported Q1 2026 revenues of $491M and net income of $77M ($0.37 diluted EPS).

South Bow Corporation generated Q1 2026 revenues of $491 million versus $498 million a year ago and net income of $77 million, or $0.37 basic and diluted EPS, compared with $88 million and $0.42. Pipeline transportation operations produced income before tax of $100 million; the company paid a $0.50 per share dividend in April.

  • Revenues $491M; net income $77M.
  • Diluted EPS $0.37 vs $0.42 prior year.
  • Pipeline operations core earnings driver.
  • Quarterly dividend $0.50 per share declared.
  • Foreign exchange impacted comprehensive income.

Headline financials

Total Revenue

$491M

Previous: $498M-1.4%
EPS (adj)

$0.37

Previous: $0.42-11.9%
Net Income

$77M

Previous: $88M-12.5%

Revenue & EPS history

South Bow Corp · Revenue · Quarterly

$491M

Q1 2026-1.4%vs Q1 2025

Forward guidance

Midstream company discusses throughput, tolls, and capital allocation; no quarterly EPS guidance typical for pipelines.

Tailwinds

  • Stable cash flows from contracted pipeline assets.
  • Dividend supported by fee-based model.

Headwinds

  • Slight revenue and earnings decline YoY.
  • Regulatory and recontracting risk on long-lived assets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.7%

Avg return

Earnings day

+2.5%

Avg return

5 days after

+3.6%

Avg return

30 days after

80%

4 / 5 earnings

Positive

+5.2%

Q3 2025

Best reaction

-4.2%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.1%+4.3%+6.2%
Q4 2025+0.1%-0.8%-0.5%
Q3 2025+5.2%+7.2%+4.3%
Q2 2025+1.1%+1.7%+2.6%
Q1 2025-4.2%+0.0%+5.2%

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