South Bow Corporation (SOBO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the South Bow fourth quarter and year-end 2025 earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during the session, you will need to press star 1-1 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's call is being recorded. I want to hand it over to your speaker, Martha Wilmot, Director, Investor Relations. Please go ahead. Thank you, Victor, and welcome everyone to South Pole's fourth quarter in year-end 2025 earnings call. With me today are Bevan Worsba, President and Chief Executive Officer, Van Defoe, Senior Vice President and Chief Financial Officer, and Richard Pryor, Senior Vice President and Chief Operating Officer. Before I turn it over to Bevan, I'd like to remind listeners that today's remarks will include forward-looking information and statements, which are subject to the risks and uncertainties addressed in our public disclosure documents, available under Southbow's CEDAR Plus profile and in Southbow's filings with the SEC. Today's discussion will also include non-GAAP financial measures and ratios that may not be comparable to those presented by other entities. With that, I'll turn it over to Bevan. Thanks Martha and good morning everyone. We appreciate you joining us today. 2025 was an important year for Southbow. It was a year that tested our organization, but ultimately a year that demonstrated the resilience of our business and the discipline of our decision making. We delivered financial results that were slightly ahead of expectations, advanced our first growth initiative to ...