South Bow publishes corporate presentation outlining Keystone pipeline operations and growth projects

• South Bow outlined a growth-led strategy anchored by the Keystone liquids corridor, targeting 2% to 3% long-term normalized EBITDA growth.
• Prairie Connector advanced toward a mid-2027 targeted FID, backed by 20-year firm transportation commitments from Hardisty to U.S. delivery points.
• Keystone Milepost 171 remediation remained ongoing under a PHMSA corrective action order; the system is meeting contractual commitments of 585 Mbbl/d.
• Q1 2026 normalized EBITDA totaled 257 million; distributable cash flow was 168 million; net debt-to-normalized EBITDA ratio was 4.7.
• Base dividend set at 2 per share annually; 208 million shares outstanding; market capitalization 7.1 billion; enterprise value 12.4 billion.

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