US EditionPipeline operator South Bow says tariffs could create challenges in its marketing segment
- South Bow Corp. States its marketing segment may face challenges due to a 10 percent tariff on U.S. Energy exports, which was imposed this week.
- The company has reduced its 2025 earnings outlook by about $30 million, partly because of market uncertainty from the tariffs.
- During Q4 2024, South Bow reported a normalized net income of $112 million, up from $94 million a year earlier.
- CEO Bevin Wirzba noted a change in customer behavior due to potential tariffs, as customers are reconsidering where to send their barrels.
12 Articles
12 Articles
Tariff War! Volatility hurts the oil pipeline operator South Bow
South Bow, TC Energy's split pipeline operator last year, states that its marketing segment, which provides transportation, storage and logistics services, could be under pressure if US tariffs of 10% on energy exports are actually applied.
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South Bow says tariffs could create challenges in its marketing segment
CALGARY — South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment could come under pressure if a 10 per cent tariff on U.S. energy exports persists.
Oil pipeline operator South Bow says tariffs could create challenges in its marketing segment
South Bow Corp., the oil pipeline operator spun off from TC Energy Corp. last year, says its marketing segment, which provides transportation, storage and logistics services, could come under pressure if a 10 per cent tariff on U.S. energy exports persists. The levy imposed this week, and Canadian counter-tariffs against the U.S., have caused volatility in the price difference between heavy Canadian and light U.S. crude prices, said the Calgary-…
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