Can you look at the numbers behind SOBO

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It reported earnings and took a big drop.

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Asked on March 6, 2025 1:52 pm
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It was mostly a guidance thing. Operational results weren't all that bad but the company lowered its EBITDA outlook for next year due to the overall demand for uncommitted capacity and then also increased its leverage ratio targets for the year, likely as a result of the lower EBITDA.

Overall, distributable cash flow is expected to decline on the year and the company is expected to ramp up its growth capital expenditures.

The guidance wasn't the best, but to be honest considering the current environment, both economy and politically, I'm really not all that surprised.

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Posted by Dan Kent
Answered on March 9, 2025 9:27 am