South Bow Corporation (SOBO) Announces its Q1 2025 Results

South Bow Corporation (NYSE:SOBO) released its Q1 2025 results on May 16th. Let's take a brief look at how the company performed during the quarter.

South Bow Corporation (NYSE:SOBO) is an energy infrastructure company that operates over 3,000 miles of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast.

South Bow Corporation (NYSE:SOBO) reported an adjusted EPS of $0.47 for the first quarter, beating market expectations by $0.03, despite down 14.5% from the same period last year. The company's revenue also declined by 8.5% YoY to $498 million, mostly owing to the market volatility.  The energy infrastructure firm faced operational challenges during the quarter, including an oil release on its Keystone Pipeline on April 8, 2025. The pipeline was restarted on April 15th with certain operating pressure restrictions. Still, South Bow recorded Q1 throughput of approximately 613,000 barrels per day (bbl/d) on the Keystone Pipeline and approximately 726,000 bbl/d on the U.S. Gulf Coast segment of the Keystone Pipeline System. The company also declared a quarterly dividend of $0.5 per share, in-line with the previous.

South Bow Corporation (NYSE:SOBO) reaffirmed its 2025 normalized EBITDA guidance of $1.01 billion, plus or minus 2%, despite lower demand for uncommitted capacity on its pipeline systems. As of the writing of this piece, the stock has surged by more than 11% over the last year.

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Disclosure: None.