South Bow publishes corporate presentation on liquids pipeline corridor growth plans

• South Bow outlined a proposed Prairie Connector buildout, a 530-km, 36-inch crude pipeline from Hardisty to the Canada-U.S. border.
• Project planning targets FID in mid-2027; 20-year firm transportation commitments were secured through a binding open season.
• Q1 2026 normalized EBITDA totaled 257 million; distributable cash flow was 168 million; net debt-to-normalized EBITDA ratio stood at 4.7.
• Keystone Pipeline commitments of 585 Mbbl/d were maintained amid Milepost 171 remediation; 11 in-line inspections completed; 76 integrity digs completed.
• Capital allocation priorities reiterated: CAD 2 annual base dividend; net debt-to-normalized EBITDA target of 4x over the medium term.

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