South Bow Corp ( (TSE:SOBO) ) just unveiled an announcement.
South Bow Corp reported strong financial and operational results for the fourth quarter and year-end 2024, highlighting a successful spinoff from TC Energy and a significant notes offering. The company achieved record safety and operational performance, with increased throughput on the Keystone Pipeline and advancements in the Blackrod Connection Project. The approval of a remedial work plan and lifting of pressure restrictions on a pipeline segment further underscore its operational improvements. These developments position South Bow favorably within the industry, indicating robust demand for its services and a positive outlook for 2025.
More about South Bow Corp
South Bow Corp is a company operating in the energy sector, primarily focused on pipeline transportation of crude oil and natural gas. It was launched as an independent entity following a spinoff from TC Energy Corp. The company is known for its Keystone Pipeline System, which plays a significant role in transporting oil across North America.
YTD Price Performance: 10.92%
Average Trading Volume: 1,482,052
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$7.97B
See more data about SOBO stock on TipRanks’ Stock Analysis page.