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South Bow, a newly separated pipeline firm, beat Q4 earnings estimates but faced a stock downgrade.
South Bow, a Canadian strategic liquids pipeline company, reported Q4 earnings of $0.54 per share, beating estimates by $0.12, with revenue at $488 million.
The company recently separated from TC Energy and secured $5.8 billion in an initial notes offering.
Despite strong operational and financial performance, including a record average throughput of 626,000 barrels per day, the stock faced a "strong sell" downgrade but remains rated "Hold" with a target price of $25.50.
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South Bow, una empresa de oleoductos recientemente separada, superó las estimaciones de ganancias del Q4, pero se enfrentó a una bajada de existencias.