Latest news with #SOBO
Mint
23-07-2025
- Lifestyle
- Mint
The Gateway: Luxury living finally has an address in Mumbai.
A home is a home. Unless it's at The Gateway. In which case, it also becomes an expression of your indisputable taste, stature and standard of life. Driven by a relentless pursuit of excellence and a commitment to redefining luxury living, The Gateway by L&T Realty is setting new benchmarks in the Mumbai realty landscape, seamlessly blending cutting-edge technology, sustainable practices, and timeless design principles. Here, sophistication meets serenity. It's a place where the classic SOBO lifestyle meets unending sea-views. Where the sun wakes you gently and the moon lulls you to sleep in ultra-spacious 4 and 4.5 bed homes designed for the who's who of Mumbai. Designed by one of India's foremost architects, the design of The Gateway is at the centre point of art and science. Rising 660 feet into the sky, this iconic marvel is bound to add a new touch to the Eastern shore of Mumbai. The cross beams in the midst of the structure allied to the awe-inspiring glass façade of the two-storey clubhouse at the top ensure that The Gateway dominates the cityscape. Looks without substance mean nothing. Your home at The Gateway comes fully-loaded with amenities designed to offer you active time as well as passive down time in a balanced manner, through curated amenities which add to the quality of life of the residents. The podium has active amenities, both indoor and outdoor, while the clubhouse offers relaxation privileges that are the last word in opulence. Together, the spatial design and landscaping offer that rarity in the urban chaos – serenity. They say that space is at a premium in this city. That's not true at The Gateway. The luxury of space begins at the extravagantly finished and furnished entrance lobby. The 4 & 4.5 bed residences are spacious, both inside and out. The large living areas and bedrooms within with the large decks attached, allow to enjoy the ocean (literally) of space right outside, your home will always be your repose from the daily hustle of the city. Actually, it's not just space, but space allied to Avant Garde design. The Gateway is a mere 5 minutes from the Atal Setu, making sure you're connected to the upcoming international airport in Navi Mumbai, the Nhava Sheva port. Of course, the upcoming Sewri-Worli Connector will connect you to every inch of the city be it east, west or central Mumbai. With the eastern seafront being developed shortly, and infrastructure investments in the area, The Gateway is right at the junction of the present and the future. Which means, that while it offers you the finest lifestyle in the city today at a cost that's within reach, this is an investment that's bound to grow over time. Added to this, usage of sustainability technology and construction processes will make sure that it endures for future generations. And keeps the world safe for them as well. For decades now, L&T have been amongst the finest developers of infrastructure projects across the globe. Established in 2011, L&T Realty, the real estate arm of Larsen & Toubro has leveraged this global expertise to become one of India's top developers. With a pan India footprint, design excellence and timely delivery it has become a byword for customer satisfaction and trust.
Yahoo
17-05-2025
- Business
- Yahoo
South Bow Corp (SOBO) Q1 2025 Earnings Call Highlights: Strong Start Despite Operational Challenges
Normalized EBITDA: $266 million for the first quarter. Quarterly Dividend: $0.50 per share, payable on July 15th. EBITDA Guidance: Reaffirmed at $1.01 billion for 2025. Contracted EBITDA: 90% contracted over the next 7 years. Net Debt to EBITDA Ratio: Expected to be approximately 4.8 times by the end of 2025. System Operating Factor: 98% in the first quarter. Keystone Contractual Commitments: 585,000 barrels per day. Warning! GuruFocus has detected 7 Warning Signs with SOBO. Release Date: May 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. South Bow Corp (NYSE:SOBO) reported a strong financial start to 2025 with a normalized EBITDA of $266 million in the first quarter. The company successfully maintained its debt metrics despite a volatile market backdrop. SOBO declared a quarterly dividend of $0.50 per share, demonstrating its commitment to returning value to shareholders. Approximately 90% of SOBO's EBITDA is contracted over the next 7 years, providing financial stability and reducing exposure to commodity price risks. The company has made significant progress on its Blackrod Connection Project, which is expected to contribute to future growth. SOBO experienced an incident at milepost 171 in North Dakota, which required a system-wide shutdown and pressure restrictions. The incident has led to limitations on transporting uncommitted or spot volumes on the Keystone system. There is uncertainty regarding the duration of pressure restrictions and the full financial impact of the incident. The company faces headwinds from additional pipeline egress capacity and potential tariff impacts, affecting uncontracted volumes. SOBO's leverage ratio is expected to increase modestly through 2025 as it advances its Blackrod Connection Project and completes spinoff activities. Q: Can you elaborate on the potential financial and operational impacts following the recent incident? A: Bevin Wirzba, President and CEO, emphasized that 90% of South Bow's EBITDA is contracted, minimizing risk to the base business. The company is working closely with regulators and has modeled various scenarios to assess potential impacts. The focus is on maintaining operations and adjusting maintenance activities as needed. Q: What measures are being taken to prevent future incidents and ensure pipeline integrity? A: Bevin Wirzba highlighted that pipeline integrity and safety are top priorities. South Bow has invested significantly in inline inspections and plans to conduct more tests. The company is evaluating new and historical data to enhance safety and reliability. Q: Regarding the pressure restrictions, how do they affect your ability to transport volumes, and what is the expected duration? A: Richard Prior, COO, stated that it's too early to predict the duration of pressure restrictions. The company is conducting a root cause failure analysis and expects to complete it by summer. South Bow aims to meet its contractual commitments of 585,000 barrels per day despite restrictions. Q: How does the incident affect South Bow's financial outlook and leverage ratio for 2025? A: Van Dafoe, CFO, confirmed that all costs related to the incident are expected to be covered by insurance or through variable tolls. The company's debt to EBITDA ratio for year-end remains unchanged at 4.8 times. Q: What is the outlook for uncommitted volumes and the potential for future growth? A: Bevin Wirzba noted that while there are headwinds due to additional egress capacity and tariff uncertainties, the base business remains strong. The company is optimistic about supply growth and expects contributions from the Blackrod project to support future EBITDA growth. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
17-05-2025
- Business
- Yahoo
South Bow Corporation (SOBO) Announces its Q1 2025 Results
South Bow Corporation (NYSE:SOBO) released its Q1 2025 results on May 16th. Let's take a brief look at how the company performed during the quarter. South Bow Corporation (NYSE:SOBO) is an energy infrastructure company that operates over 3,000 miles of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast. South Bow Corporation (NYSE:SOBO) reported an adjusted EPS of $0.47 for the first quarter, beating market expectations by $0.03, despite down 14.5% from the same period last year. The company's revenue also declined by 8.5% YoY to $498 million, mostly owing to the market volatility. The energy infrastructure firm faced operational challenges during the quarter, including an oil release on its Keystone Pipeline on April 8, 2025. The pipeline was restarted on April 15th with certain operating pressure restrictions. Still, South Bow recorded Q1 throughput of approximately 613,000 barrels per day (bbl/d) on the Keystone Pipeline and approximately 726,000 bbl/d on the U.S. Gulf Coast segment of the Keystone Pipeline System. The company also declared a quarterly dividend of $0.5 per share, in-line with the previous. South Bow Corporation (NYSE:SOBO) reaffirmed its 2025 normalized EBITDA guidance of $1.01 billion, plus or minus 2%, despite lower demand for uncommitted capacity on its pipeline systems. As of the writing of this piece, the stock has surged by more than 11% over the last year. While we acknowledge the potential of SOBO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOBO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
17-05-2025
- Business
- Yahoo
South Bow Corporation (SOBO) Announces its Q1 2025 Results
South Bow Corporation (NYSE:SOBO) released its Q1 2025 results on May 16th. Let's take a brief look at how the company performed during the quarter. South Bow Corporation (NYSE:SOBO) is an energy infrastructure company that operates over 3,000 miles of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast. South Bow Corporation (NYSE:SOBO) reported an adjusted EPS of $0.47 for the first quarter, beating market expectations by $0.03, despite down 14.5% from the same period last year. The company's revenue also declined by 8.5% YoY to $498 million, mostly owing to the market volatility. The energy infrastructure firm faced operational challenges during the quarter, including an oil release on its Keystone Pipeline on April 8, 2025. The pipeline was restarted on April 15th with certain operating pressure restrictions. Still, South Bow recorded Q1 throughput of approximately 613,000 barrels per day (bbl/d) on the Keystone Pipeline and approximately 726,000 bbl/d on the U.S. Gulf Coast segment of the Keystone Pipeline System. The company also declared a quarterly dividend of $0.5 per share, in-line with the previous. South Bow Corporation (NYSE:SOBO) reaffirmed its 2025 normalized EBITDA guidance of $1.01 billion, plus or minus 2%, despite lower demand for uncommitted capacity on its pipeline systems. As of the writing of this piece, the stock has surged by more than 11% over the last year. While we acknowledge the potential of SOBO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOBO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
