South Bow (SOBO) reported Q4 normalized earnings late Wednesday of $0.54 per diluted share, up from $0.45 a year earlier.
Analysts polled by FactSet expected $0.43.
Revenue for the quarter that ended Dec. 31 was $488 million, down from $540 million a year earlier.
One analyst surveyed by FactSet expected $530.3 million.
South Bow's board approved a quarterly dividend of $0.50 per share, payable April 15 to shareholders of record March 31.
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