South Bow management commentary attributes Q3 2026 net income growth to lower income taxes, reduced Intra-Alberta & Other loss before taxes

• South Bow management commentary attributed third-quarter 2026 normalized EBITDA's decline to USD 248 million from USD 254 million to Keystone weakness.
• Lower Marketlink revenue contributions and higher operating costs weighed on performance, partly offset by improvements in Marketing and Intra-Alberta operations.
• Net income rose to USD 99 million from USD 93 million, primarily reflecting favorable tax adjustments and lower Intra-Alberta losses.
• Distributable cash flow fell to USD 187 million from USD 236 million, primarily driven by lower current income tax recoveries.
• Nine-month normalized EBITDA increased to USD 785 million from USD 770 million, with Marketing and Intra-Alberta gains offsetting Keystone weakness.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Bow Corporation published the original content used to generate this news brief on November 04, 2026, and is solely responsible for the information contained therein.