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SOBO earnings date & Q2 2026 results · South Bow
US GAAP · US$M · vs Q2 2025 · reported 08/05/2026
Key growth driver: Marketing — the fastest-growing revenue line: US$119, +12% y/y. · by the Q2 2026 report
Next report: Nov 4, 2026, after market close (Q3 2026) — announced by the company (Company IR). · Canadian earnings calendar
Listed on the TSX as SOBO and in the U.S. as SOBO; files an annual 40-F and quarterly results on Form 6-K with the SEC. Amounts as reported, no currency conversion.
All figures in US$M.
Revenue
US$546
+4.2%
Operating income
US$239
+28.5%
Revenues less operating and other expenses
Net income
US$134
+39.6%
EPS diluted US$0.64
Verdict: a strong quarter — net income up 39.6% to US$134M as the U.S. Gulf Coast segment of the Keystone system ran at about 800,000 bbl/d and lower plant and commodity costs widened the operating margin; US$37M of the profit is an unrealized derivative gain.
Diluted EPS US$0.64 (2025: US$0.46) · normalized (non-GAAP) EBITDA US$280M · distributable cash flow US$175M · dividend declared US$0.50 per share · net debt US$4,594M, 4.4x normalized EBITDA.
Source and notation
≈ — derived line (remainder between reported totals). Source: South Bow Q2 2026 news release and interim financial statements (6-K, SEC EDGAR). Amounts in U.S. dollars, as reported.
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South Bow (SOBO) earnings: FAQ
When is South Bow's next earnings date?
South Bow (SOBO) has announced it will report Q3 2026 results on Nov 4, 2026, after market close. Source: Company IR.
When did SOBO last report earnings?
South Bow filed its Q2 2026 results with the SEC on Aug 5, 2026 (Form 6-K).
What was South Bow's revenue in Q2 2026?
US$546 million (+4.2% year over year), reported in US dollars; net income was US$134 million.
Why are South Bow's figures in US dollars?
We show amounts exactly as South Bow reports them to the SEC, without converting currencies. Its financial statements are prepared under US GAAP in US dollars.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 10/13/2026. How we make the breakdowns · Report an error
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