Company Overview - South Bow Corporation has officially listed on the Toronto Stock Exchange (TSX) [1] - The company was previously part of TC Energy's liquid pipelines business and became a standalone entity in 2024 [2] Operational Highlights - South Bow delivers 1.25 million barrels of crude oil daily through its pipeline infrastructure [2] - The company connects Alberta crude oil supplies to U.S. refining markets located in Illinois, Oklahoma, and the U.S. Gulf Coast [2] - South Bow emphasizes safe and reliable transportation to North America's highest demand markets [2]

South Bow (SOBO) Q4 2024 Earnings Call March 07, 2025 10:11 PM ET Company Participants Martha Wilmot - Director - IRBevin Wirzba - President & CEOVan Dafoe - SVP & CFORobert Hope - MD - Equity ResearchRichard Prior - SVP & COOAJ O’Donnell - Director - Equity ResearchKeith Stanley - DirectorJames Fracas - VP - Equity Research Conference Call Participants Maurice Choy - Research Analyst - Energy InfrastructureAaron MacNeil - Director, Equity Research AnalystPatrick Kenny - Managing Director, Research AnalystR ...

Corporate Presentation MARCH 2025 South Bow at a Glance A strategic liquids pipelines franchise connecting resilient supply to the strongest demand markets in North America OPERATIONAL HIGHLIGHTS | 4,900 | km | Pipeline footprint | | --- | --- | --- | | 1.25 | MMbbl/d | Delivered safely and reliably | | 7.6 | MMbbl/d | Terminal storage capacity | FINANCIAL HIGHLIGHTS1 | 208 million | Shares outstanding | | --- | --- | | $5.5 billion | Market capitalization | | $11.0 billion | Enterprise value2 | | $2.00 /sh ...

South Bow Corporation (NYSE:SOBO) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET Company Participants Martha Wilmot - Director of Investor Relations Bevin Wirzba - President and Chief Executive Officer Van Dafoe - Senior Vice-President and Chief Financial Officer Richard Prior - Senior Vice-President and Chief Operating Officer Conference Call Participants Maurice Choy - RBC Capital Markets Aaron MacNeil - TD Cowen Robert Hope - Scotiabank Patrick Kenny - MBS Robert Catellier - CIBC Capital Mark ...

EXHIBIT 99.1 NEWS RELEASE South Bow Reports Fourth-quarter and Year-end 2024 Results, Provides 2025 Outlook, and Declares Dividend CALGARY, Alberta, March 05, 2025 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its fourth-quarter and year-end 2024 financial and operational results and provides its 2025 outlook. Unless otherwise noted, all financial figures in this news release are in U.S. dollars. Highlights Spinoff transaction Safety and operational performance Fi ...

Core Viewpoint - South Bow Corp. reports strong financial and operational results for 2024, highlighting its successful spinoff from TC Energy and providing an optimistic outlook for 2025, despite anticipated challenges in the market. Spinoff Transaction - South Bow launched as an independent company on October 1, 2024, completing its separation from TC Energy Corp. [5] - The company raised approximately $5.8 billion through an initial notes offering on August 28, 2024, and repaid outstanding long-term debt to TC Energy affiliates on the spinoff date [5]. Safety and Operational Performance - South Bow achieved record occupational and process safety performance in 2024 [5]. - The Keystone Pipeline recorded an annual System Operating Factor (SOF) of 95%, with average throughput of approximately 626,000 barrels per day (bbl/d), a 5% increase from 2023 [5]. - The U.S. Gulf Coast segment of the Keystone Pipeline System averaged approximately 795,000 bbl/d, increasing by 15% relative to 2023 [5]. Financial Performance - South Bow generated revenue of $488 million and $2,120 million for the three months and year ended December 31, 2024, respectively [11]. - The company recognized net income of $55 million ($0.26/share) and $316 million ($1.52/share) for the same periods [11]. - Normalized EBITDA for the year ended December 31, 2024, was $1,091 million, a 2% increase from 2023 [11]. - Distributable cash flow was $183 million and $608 million for the three months and year ended December 31, 2024, respectively [11]. Capital Expenditures and Debt - South Bow exited 2024 with total long-term debt of $5.7 billion and net debt of $4.9 billion, with a net debt-to-normalized EBITDA ratio of 4.5 times [11]. - The company expects its net debt-to-normalized EBITDA ratio to increase modestly in 2025 due to investments in the Blackrod Connection Project and one-time spinoff costs [6]. Returns to Shareholders - South Bow declared its inaugural quarterly dividend of $104 million ($0.50/share) on November 7, 2024, and plans to pay a similar dividend on April 15, 2025 [12]. 2025 Guidance - The company projects normalized EBITDA of approximately $1.01 billion for 2025, with about 90% secured through committed arrangements [20]. - Distributable cash flow is expected to be approximately $535 million, which will fund the anticipated annual dividend of $416 million ($2.00/share) [20]. - Capital expenditures for growth are estimated at $110 million for the Blackrod Connection Project in 2025 [20].

Group 1 - South Bow Corporation (TSX: SOBO:CA) (NYSE: SOBO) shares are expected to provide significant upside for investors in the current uncertain environment influenced by US tariffs on other countries [1] - The analyst has over twenty years of experience in sell-side equity research, corporate and project finance, M&A, and valuations, with a focus on Canadian electric utilities and infrastructure sectors [1] - The analyst has been recognized as a top-rated equity research analyst by Institutional Investor and Extel surveys, indicating a strong reputation in the field [1] Group 2 - The article emphasizes the importance of actionable investment ideas and the value of clear arguments in making informed investment decisions [1]

Company Overview - South Bow Corp. operates 4,900 kilometres (3,045 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 [6] - The company is based in Calgary, Alberta, and is a spinoff from TC Energy, officially becoming a standalone entity on October 1, 2024 [6] Financial Results Announcement - South Bow Corp. will release its fourth-quarter and year-end 2024 financial and operational results after the close of markets on March 5, 2025 [1] - A conference call and webcast to discuss these results and the 2025 outlook will be held on March 6, 2025, at 8 a.m. MT (10 a.m. ET) [2] Conference Call Details - Participants can register for the conference call via a provided link to receive a unique PIN for access [3] - The conference call will also be available for replay on the company's investor relations website following the event [4]

Group 1 - The article emphasizes the importance of dividend growth investing, highlighting that it involves identifying high-quality companies with competitive advantages that ensure future cash flow growth [1] - It suggests that a core portfolio of dividend-paying equities can help investors achieve retirement goals without taking on unnecessary risks [1] - The author references Warren Buffet's philosophy on making money while resting, underscoring the need for fundamental analysis and patience in building a comfortable retirement portfolio [1] Group 2 - The author has over 20 years of market experience and holds a B.Mgt and an MBA, indicating a strong educational background in corporate and personal finance [1] - The article does not provide specific investment recommendations or tax advice, encouraging investors to consult specialists for personalized planning [2][3]

Company Overview - South Bow Corp. operates 4,900 kilometers (3,045 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 [7] - The company is based in Calgary, Alberta, and is a spinoff from TC Energy, officially becoming a standalone entity on October 1, 2024 [7] Dividend Announcement - South Bow's board of directors has declared its inaugural quarterly dividend of U.S.$0.50 per share, which will be payable on January 31, 2025, to shareholders of record as of December 31, 2024 [1] - The dividends will be designated as eligible dividends for Canadian income tax purposes [1] Forward-Looking Statements - The news release includes forward-looking statements regarding South Bow's expectations for future dividend declarations and payments [3] - These statements are based on assumptions related to oil and gas industry activity, market conditions, capital availability, and regulatory approvals [4] - South Bow acknowledges that while the assumptions are deemed reasonable, there is no guarantee that they will prove correct, and actual results may differ due to various risks and uncertainties [5][6]