SOBO
South Bow Corporation
Price Chart
Latest Quote
$35.87
-0.25 (-0.69%)
Current Price
| Previous Close | $36.12 |
| Open | $36.10 |
| Day High | $36.15 |
| Day Low | $35.14 |
| Volume | 1,364,665 |
Stock Information
| Quarterly Dividend / Yield | $2.00 / 5.41% |
| Shares Outstanding | 208.58M |
| Quarterly Dividend Yield | 5.41% |
| Quarterly Dividend | $2.00 |
| Total Debt | $5.78B |
| Cash Equivalents | $599.00M |
| Revenue | $1.98B |
| Net Income | $422.00M |
| Sector | Energy |
| Industry | Oil & Gas Midstream |
| Market Cap | $7.48B |
| P/E Ratio | 17.76 |
| EPS (TTM) | $2.02 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $12.88B |
| Sales | $1.98B |
| Income | $422.00M |
| Book/sh | $12.76 |
| Cash/sh | $2.87 |
Financial Ratios
| Quick Ratio | 1.09 |
| Current Ratio | 1.51 |
| Debt/Eq | 217.06 |
| EPS Growth TTM | -12.50% |
Returns & Margins
| ROA | 3.93% |
| ROE | 16.04% |
| Gross Margin | 48.16% |
| Operating Margin | 32.79% |
| Profit Margin | 21.32% |
Ownership
| Insider Ownership | 0.07% |
| Institutional Ownership | 67.65% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 18.24 |
| P/S | 3.78 |
| P/B | 2.81 |
Analyst Data
| Recommendation | hold |
| Target Price | $34.75 |
Technical Indicators
| SMA20 | $37.03 |
| SMA50 | $35.28 |
| SMA200 | $30.11 |
| RSI | 49.39 |
| ATR | 0.9569 |
| Shares Float | 208.19M |
| Short Ratio | 9.05 |
| Rel Volume | 1.60 |
Performance History
| Week | -5.01% |
| Month | -4.30% |
| Quarter | +8.40% |
| 6 Months | +32.85% |
| YTD | +30.52% |
| Year | +38.86% |
| 10 Years | +73.37% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $35.87 | 1,568,000 |
| 2026-06-17 | $36.12 | 1,375,900 |
| 2026-06-16 | $36.95 | 540,700 |
| 2026-06-15 | $37.63 | 784,500 |
| 2026-06-12 | $38.17 | 1,360,400 |
| 2026-06-11 | $37.76 | 1,293,400 |
| 2026-06-10 | $37.69 | 916,600 |
| 2026-06-09 | $36.09 | 753,200 |
| 2026-06-08 | $36.28 | 1,434,000 |
| 2026-06-05 | $36.86 | 469,200 |
| 2026-06-04 | $37.43 | 1,151,500 |
| 2026-06-03 | $36.73 | 1,313,400 |
| 2026-06-02 | $36.82 | 1,113,600 |
| 2026-06-01 | $36.36 | 498,200 |
| 2026-05-29 | $35.96 | 1,431,300 |
| 2026-05-28 | $37.06 | 816,900 |
| 2026-05-27 | $37.32 | 827,800 |
| 2026-05-26 | $37.59 | 691,400 |
| 2026-05-22 | $38.18 | 639,600 |
| 2026-05-21 | $37.75 | 626,800 |
| 2026-05-20 | $37.50 | 540,100 |
| 2026-05-19 | $37.48 | 458,100 |
About South Bow Corporation
South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company's main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast. The Marketing segment provides crude oil marketing services, including transportation, storage, and logistics, and engages in physical crude oil trading and hedging activities. The Intra-Alberta & Other segment comprises pipelines such as the Grand Rapids Pipeline and White Spruce Pipeline, offering crude oil transportation from Alberta's oil sands to refining and market regions, and includes corporate and financing activities. The company also operates 4,900 kilometres of crude oil pipeline infrastructure connecting Alberta crude oil supplies to the U.S. refining markets in the U.S. Midwest and Gulf Coast. In addition, the company offers ancillary services, including storage at terminals. The company was incorporated in 2023 and is based in Calgary, Canada.
đ° Latest News
Raymond James Initiates Coverage of South Bow (SOBO) with Outperform Rating
Insider Monkey âĸ 2026-06-12T04:31:09Z
South Bow Initiated at Outperform, $60 Price Target at Raymond James
MT Newswires âĸ 2026-06-10T11:50:27ZCanada's pipeline industry at a turning point?
Financial Post âĸ 2026-06-03T12:04:49Z
South Bow (TSX:SOBO) Valuation Check As Prairie Connector Secures 20 Year Commitments
Simply Wall St. âĸ 2026-06-02T06:07:58Z
South Bow Maintained at Hold at TPH Following Prairie Connector Open Season; Price Target at C$52.00
MT Newswires âĸ 2026-05-29T15:19:59ZHow Keystone came back from the dead
Financial Post âĸ 2026-05-19T14:19:08Z
South Bow Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-15T09:11:49Z
South Bow Corporation Q1 2026 Earnings Call Summary
Moby âĸ 2026-05-08T12:30:00Z
A Look At South Bow (TSX:SOBO) Valuation After Q1 Earnings Miss And Blackrod Connection Progress
Simply Wall St. âĸ 2026-05-08T09:16:35Z
How South Bowâs Q1 Miss and Pipeline Progress Could Reshape South Bow (TSX:SOBO) Investorsâ View
Simply Wall St. âĸ 2026-05-08T04:34:36Z
Period:
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | |||
| Reconciled Cost Of Revenue | $560,000,000 | $622,000,000 | $595,000,000 |
| Cost Of Revenue | $560,000,000 | $622,000,000 | $595,000,000 |
| Total Revenue | $1,986,000,000 | $2,120,000,000 | $2,005,000,000 |
| Operating Revenue | $1,868,000,000 | $2,115,000,000 | $2,000,000,000 |
| Expenses | |||
| Interest Expense | $331,000,000 | $388,000,000 | $220,000,000 |
| Total Expenses | $1,271,000,000 | $1,375,000,000 | $1,305,000,000 |
| Other Income Expense | $72,000,000 | $49,000,000 | $50,000,000 |
| Net Non Operating Interest Income Expense | $-290,000,000 | $-376,000,000 | $-188,000,000 |
| Interest Expense Non Operating | $331,000,000 | $388,000,000 | $220,000,000 |
| Operating Expense | $711,000,000 | $753,000,000 | $710,000,000 |
| Other Operating Expenses | $711,000,000 | $753,000,000 | $710,000,000 |
| Income & Earnings | |||
| Net Income From Continuing Operation Net Minority Interest | $433,000,000 | $316,000,000 | $442,000,000 |
| Net Interest Income | $-290,000,000 | $-376,000,000 | $-188,000,000 |
| Interest Income | $41,000,000 | $12,000,000 | $32,000,000 |
| Normalized Income | $415,560,000 | $316,000,000 | $442,000,000 |
| Net Income From Continuing And Discontinued Operation | $433,000,000 | $316,000,000 | $442,000,000 |
| Net Income Common Stockholders | $433,000,000 | $316,000,000 | $442,000,000 |
| Net Income | $433,000,000 | $316,000,000 | $442,000,000 |
| Net Income Including Noncontrolling Interests | $433,000,000 | $316,000,000 | $442,000,000 |
| Net Income Continuous Operations | $433,000,000 | $316,000,000 | $442,000,000 |
| Pretax Income | $497,000,000 | $418,000,000 | $562,000,000 |
| Special Income Charges | $20,000,000 | $0 | - |
| Earnings From Equity Interest | $52,000,000 | $49,000,000 | $50,000,000 |
| Interest Income Non Operating | $41,000,000 | $12,000,000 | $32,000,000 |
| Operating Income | $715,000,000 | $745,000,000 | $700,000,000 |
| Gross Profit | $1,426,000,000 | $1,498,000,000 | $1,410,000,000 |
| Depreciation Amortization Depletion Income Statement | - | $246,000,000 | $244,000,000 |
| Depreciation And Amortization In Income Statement | - | $246,000,000 | $244,000,000 |
| Per Share | |||
| Diluted EPS | $1.52 | $1.52 | $2.13 |
| Basic EPS | $1.52 | $1.52 | $2.13 |
| Other | |||
| Tax Effect Of Unusual Items | $2,560,000 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $1,055,000,000 | $1,052,000,000 | $1,026,000,000 |
| Total Unusual Items | $20,000,000 | $0 | - |
| Total Unusual Items Excluding Goodwill | $20,000,000 | $0 | - |
| Reconciled Depreciation | $247,000,000 | $246,000,000 | $244,000,000 |
| EBITDA (Bullshit earnings) | $1,075,000,000 | $1,052,000,000 | $1,026,000,000 |
| EBIT | $828,000,000 | $806,000,000 | $782,000,000 |
| Diluted Average Shares | $208,200,000 | $208,200,000 | $207,600,000 |
| Basic Average Shares | $208,000,000 | $207,600,000 | $207,600,000 |
| Diluted NI Availto Com Stockholders | $433,000,000 | $316,000,000 | $442,000,000 |
| Tax Provision | $64,000,000 | $102,000,000 | $120,000,000 |
| Gain On Sale Of Business | $20,000,000 | $0 | - |
Fetched: 2026-06-15
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Assets | |||
| Net Tangible Assets | $2,709,000,000 | $2,610,000,000 | $2,840,000,000 |
| Total Assets | $11,193,000,000 | $11,329,000,000 | $12,032,000,000 |
| Total Non Current Assets | $9,188,000,000 | $9,138,000,000 | $9,417,000,000 |
| Other Non Current Assets | $122,000,000 | $145,000,000 | $164,000,000 |
| Non Current Deferred Assets | $23,000,000 | $16,000,000 | $6,000,000 |
| Non Current Deferred Taxes Assets | $23,000,000 | $16,000,000 | $6,000,000 |
| Non Current Accounts Receivable | $63,000,000 | $22,000,000 | $7,000,000 |
| Current Assets | $2,015,000,000 | $2,198,000,000 | $2,614,000,000 |
| Other Current Assets | $95,000,000 | $59,000,000 | $141,000,000 |
| Hedging Assets Current | $34,000,000 | $188,000,000 | $527,000,000 |
| Restricted Cash | $26,000,000 | $66,000,000 | $70,000,000 |
| Prepaid Assets | $27,000,000 | $28,000,000 | $3,000,000 |
| Inventory | $100,000,000 | $207,000,000 | $160,000,000 |
| Receivables | $1,184,000,000 | $1,253,000,000 | $1,407,000,000 |
| Other Receivables | $11,000,000 | $63,000,000 | $63,000,000 |
| Taxes Receivable | $66,000,000 | $0 | - |
| Accounts Receivable | $1,107,000,000 | $1,190,000,000 | $1,344,000,000 |
| Cash Cash Equivalents And Short Term Investments | $549,000,000 | $397,000,000 | $262,000,000 |
| Cash And Cash Equivalents | $549,000,000 | $397,000,000 | $262,000,000 |
| Assets Held For Sale Current | - | $0 | $44,000,000 |
| Debt | |||
| Net Debt | $5,219,000,000 | $5,319,000,000 | $5,705,000,000 |
| Total Debt | $5,791,000,000 | $5,738,000,000 | $5,967,000,000 |
| Long Term Debt And Capital Lease Obligation | $5,791,000,000 | $5,738,000,000 | $5,967,000,000 |
| Long Term Debt | $5,768,000,000 | $5,716,000,000 | $5,967,000,000 |
| Liabilities | |||
| Total Liabilities Net Minority Interest | $8,484,000,000 | $8,719,000,000 | $9,192,000,000 |
| Total Non Current Liabilities Net Minority Interest | $7,143,000,000 | $6,958,000,000 | $7,117,000,000 |
| Other Non Current Liabilities | $122,000,000 | $85,000,000 | $110,000,000 |
| Non Current Deferred Liabilities | $1,220,000,000 | $1,121,000,000 | $1,040,000,000 |
| Non Current Deferred Taxes Liabilities | $1,196,000,000 | $1,102,000,000 | $1,040,000,000 |
| Current Liabilities | $1,341,000,000 | $1,761,000,000 | $2,075,000,000 |
| Other Current Liabilities | $302,000,000 | $366,000,000 | - |
| Current Deferred Liabilities | $16,000,000 | $63,000,000 | - |
| Payables And Accrued Expenses | $1,017,000,000 | $1,315,000,000 | $2,075,000,000 |
| Interest Payable | $102,000,000 | $113,000,000 | $0 |
| Payables | $866,000,000 | $1,166,000,000 | $2,075,000,000 |
| Dividends Payable | $104,000,000 | $104,000,000 | $0 |
| Total Tax Payable | $8,000,000 | $0 | - |
| Income Tax Payable | $8,000,000 | $0 | - |
| Accounts Payable | $754,000,000 | $1,062,000,000 | $2,075,000,000 |
| Equity | |||
| Common Stock Equity | $2,709,000,000 | $2,610,000,000 | $2,840,000,000 |
| Total Equity Gross Minority Interest | $2,709,000,000 | $2,610,000,000 | $2,840,000,000 |
| Stockholders Equity | $2,709,000,000 | $2,610,000,000 | $2,840,000,000 |
| Gains Losses Not Affecting Retained Earnings | $-121,000,000 | $-198,000,000 | $-128,000,000 |
| Other Equity Adjustments | $-121,000,000 | $-198,000,000 | $-128,000,000 |
| Retained Earnings | $-32,000,000 | $-49,000,000 | $0 |
| Long Term Equity Investment | $743,000,000 | $732,000,000 | $813,000,000 |
| Other | |||
| Ordinary Shares Number | $208,250,512 | $208,041,109 | $207,570,409 |
| Share Issued | $208,250,512 | $208,041,109 | $207,570,409 |
| Tangible Book Value | $2,709,000,000 | $2,610,000,000 | $2,840,000,000 |
| Invested Capital | $8,477,000,000 | $8,326,000,000 | $8,807,000,000 |
| Working Capital | $674,000,000 | $437,000,000 | $539,000,000 |
| Capital Lease Obligations | $23,000,000 | $22,000,000 | - |
| Total Capitalization | $8,477,000,000 | $8,326,000,000 | $8,807,000,000 |
| Additional Paid In Capital | $661,000,000 | $661,000,000 | $0 |
| Capital Stock | $2,201,000,000 | $2,196,000,000 | $2,968,000,000 |
| Common Stock | $2,201,000,000 | $2,196,000,000 | $2,968,000,000 |
| Non Current Deferred Revenue | $24,000,000 | $19,000,000 | - |
| Long Term Capital Lease Obligation | $23,000,000 | $22,000,000 | - |
| Long Term Provisions | $10,000,000 | $14,000,000 | - |
| Current Deferred Revenue | $16,000,000 | $63,000,000 | - |
| Current Provisions | $6,000,000 | $17,000,000 | - |
| Current Accrued Expenses | $151,000,000 | $149,000,000 | $0 |
| Defined Pension Benefit | $27,000,000 | $17,000,000 | $0 |
| Investments And Advances | $743,000,000 | $732,000,000 | $813,000,000 |
| Net PPE | $8,210,000,000 | $8,206,000,000 | $8,427,000,000 |
| Accumulated Depreciation | $-3,092,000,000 | $-2,817,000,000 | $-2,634,000,000 |
| Gross PPE | $11,302,000,000 | $11,023,000,000 | $11,061,000,000 |
| Construction In Progress | $226,000,000 | $122,000,000 | $45,000,000 |
| Other Properties | $11,076,000,000 | $10,901,000,000 | $11,016,000,000 |
| Raw Materials | $100,000,000 | $207,000,000 | $160,000,000 |
Fetched: 2026-06-15
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Free Cash Flow | |||
| Free Cash Flow | $539,000,000 | $407,000,000 | $742,000,000 |
| Operating Activities | |||
| Operating Cash Flow | $717,000,000 | $529,000,000 | $779,000,000 |
| Cash Flow From Continuing Operating Activities | $717,000,000 | $529,000,000 | $779,000,000 |
| Operating Gains Losses | $-53,000,000 | $-118,000,000 | $-50,000,000 |
| Investing Activities | |||
| Capital Expenditure | $-178,000,000 | $-122,000,000 | $-37,000,000 |
| Investing Cash Flow | $-175,000,000 | $-80,000,000 | $62,000,000 |
| Cash Flow From Continuing Investing Activities | $-175,000,000 | $-80,000,000 | $62,000,000 |
| Net Other Investing Changes | $3,000,000 | $42,000,000 | $99,000,000 |
| Capital Expenditure Reported | $-178,000,000 | $-122,000,000 | $-37,000,000 |
| Financing Activities | |||
| Financing Cash Flow | $-411,000,000 | $-307,000,000 | $-577,000,000 |
| Cash Flow From Continuing Financing Activities | $-411,000,000 | $-307,000,000 | $-577,000,000 |
| Cash Dividends Paid | $-416,000,000 | $0 | - |
| Common Stock Dividend Paid | $-416,000,000 | $0 | - |
| Dividend Received Cfo | $74,000,000 | $70,000,000 | $71,000,000 |
| Net Other Financing Charges | - | $-129,000,000 | $-227,000,000 |
| Other | |||
| Repayment Of Debt | $0 | $-4,722,000,000 | $-971,000,000 |
| Issuance Of Debt | $0 | $4,535,000,000 | $621,000,000 |
| Interest Paid Supplemental Data | $342,000,000 | $0 | - |
| Income Tax Paid Supplemental Data | $38,000,000 | $49,000,000 | $34,000,000 |
| End Cash Position | $549,000,000 | $397,000,000 | $262,000,000 |
| Beginning Cash Position | $397,000,000 | $262,000,000 | $4,000,000 |
| Effect Of Exchange Rate Changes | $21,000,000 | $-7,000,000 | $-6,000,000 |
| Changes In Cash | $131,000,000 | $142,000,000 | $264,000,000 |
| Proceeds From Stock Option Exercised | $5,000,000 | $9,000,000 | $0 |
| Net Issuance Payments Of Debt | $0 | $-187,000,000 | $-350,000,000 |
| Net Long Term Debt Issuance | $0 | $-187,000,000 | $-350,000,000 |
| Long Term Debt Payments | $0 | $-4,722,000,000 | $-971,000,000 |
| Long Term Debt Issuance | $0 | $4,535,000,000 | $621,000,000 |
| Change In Working Capital | $-35,000,000 | $-62,000,000 | $-34,000,000 |
| Change In Other Current Assets | $-22,000,000 | $-32,000,000 | $274,000,000 |
| Change In Payables And Accrued Expense | $-203,000,000 | $-81,000,000 | $-120,000,000 |
| Change In Payable | $-203,000,000 | $-81,000,000 | $-120,000,000 |
| Change In Account Payable | $-203,000,000 | $-81,000,000 | $-120,000,000 |
| Change In Inventory | $107,000,000 | $-50,000,000 | $63,000,000 |
| Change In Receivables | $83,000,000 | $101,000,000 | $-251,000,000 |
| Changes In Account Receivables | $83,000,000 | $101,000,000 | $-251,000,000 |
| Other Non Cash Items | $7,000,000 | $5,000,000 | $13,000,000 |
| Unrealized Gain Loss On Investment Securities | $-36,000,000 | $6,000,000 | $26,000,000 |
| Asset Impairment Charge | $0 | $7,000,000 | $0 |
| Deferred Tax | $80,000,000 | $59,000,000 | $67,000,000 |
| Deferred Income Tax | $80,000,000 | $59,000,000 | $67,000,000 |
| Depreciation Amortization Depletion | $247,000,000 | $246,000,000 | $244,000,000 |
| Depreciation And Amortization | $247,000,000 | $246,000,000 | $244,000,000 |
| Earnings Losses From Equity Investments | $-52,000,000 | $-49,000,000 | $-50,000,000 |
| Net Foreign Currency Exchange Gain Loss | $-1,000,000 | $-69,000,000 | $0 |
| Net Income From Continuing Operations | $433,000,000 | $316,000,000 | $442,000,000 |
| Depreciation | - | $246,000,000 | $244,000,000 |
| Gain Loss On Investment Securities | - | $-49,000,000 | $-50,000,000 |
Fetched: 2026-06-15