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South Bow beat Q4 earnings forecasts but missed revenue targets, causing its stock to drop midday.
South Bow, a liquids pipeline company, reported Q4 earnings of $0.54 per share, surpassing analysts' expectations by $0.12, though its revenue of $488 million fell short of forecasts.
The company's shares decreased during midday trading.
Despite mixed analyst ratings, South Bow highlighted strong operational performance and a successful separation from TC Energy Corp. in 2024.
It also declared its first dividend and is advancing the Blackrod Connection Project, expected to be in service by 2026.
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South Bow superó los pronósticos de ganancias Q4, pero perdió los objetivos de ingresos, causando que su stock baje al mediodía.