South Bow Corporation SOBO

33.99 (0.33) (0.96%) as of 25 Sep
Market cap
$7.2B
P/E
15.4×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.21%

Capital & Financial Ratios

Market Cap 7,160.00
Revenue 2,001.00
Net Income 460.00
Free Cash Flow 683.00
Net Debt 5,008.00
Current Ratio 1.52
Debt/Equity 2.15
P/E ratio 15.38
P/S ratio 3.54
P/B ratio 2.66
Past 5Y EPS Growth —
This Y EPS Growth (7.94%)
Next Y EPS Growth 7.75%
Next 5Y EPS Growth 1.75%
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.00
0.50
0.50
0.50
2025 2.00
0.50
0.50
0.50
0.50
2024 0.50
0.50
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 262 397 549 726
Receivables 1,344 1,190 1,107 1,067
Inventory 160 207 100 129
Other 848 404 259 479
2,614 2,198 2,015 2,401
2023 2024 2025 Q'26
Payables 2,075 1,544 1,135 1,373
ST’ Debt — — — —
Other — — — —
2,075 1,761 1,341 1,576
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Revenue

Mar Jun Sep Dec Year
’26 491 546 — — —
’25 498 524 461 503 1,986
’24 544 554 534 488 2,120
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 186 255 — — —
’25 125 194 204 194 717
’24 112 91 360 (34) 529
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 159 238 — — —
’25 93 160 152 134 539
’24 109 84 298 (46) 445
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.37 0.64 — — —
’25 0.42 0.46 0.45 0.75 2.07
’24 0.54 0.42 0.29 0.26 1.52
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3.1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — — — — 21.12 21.16

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — — — — 27.30 29.19
High Price
— — — — — — — — 600 536
Employees
— — — — — — — 0 4 4
Revenue/Emp
— — — — — — — 2,005 2,120 1,986
Revenue
— — — — — — — 47.08% 47.45% 48.04%
Gross Margin
— — — — — — — 562 418 497
EBT
— — — — — — — 28.03% 19.72% 25.03%
EBT Margin
— — — — — — — 442 316 433
Net Income
— — — — — — — 244 246 247
Depreciation
— — — — — — — 9.64 10.21 9.54
Revenue/Sh
— — — — — — — 2.13 1.52 2.07
Earnings/Sh
— — — — — — — 3.75 2.55 3.44
Cash Flow/Sh
— — — — — — — 0.27 (0.40) (0.85)
Capex/Sh
— — — — — — — 4.01 2.14 2.59
Free CF/Sh
— — — — — — — 13.65 12.57 13.01
Book Value/Sh
— — — — — — — 208 208 208
Shares
— — — — — — — 15.54 15.54 13.21
PE Ratio
— — — — — — — 0.00 2.32 2.88
PS Ratio
— — — — — — — 1.63 1.88 2.11
PB Ratio
— — — — — — — 0.00 4.83 5.51
EV/Sales
— — — — — — — 7.79 22.99 20.29
EV/FCF
— — — — — — — 779 529 717
Op' Cash Flow
— — — — — — — 56 (84) (178)
Capex
— — — — — — — 835 445 539
FCF
— — — — — — — 539 437 674
Working Cap'
— — — — — — — 5,967 5,716 5,768
Total Debt
— — — — — — — 5,705 5,319 5,219
Net Debt
— — — — — — — 2,840 2,610 2,709
Sh' Equity
— — — — — — — 0.00% 2.71% 3.85%
ROA
— — — — — — — 5.49% 6.26% 6.05%
ROIC
— — — — — — — 0.00% 11.60% 16.28%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

South Bow Corporation peers in Oil & Gas Midstream

All 58 Oil & Gas Midstream stocks →

South Bow Corporation (SOBO) key facts

  • South Bow Corporation (SOBO) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • South Bow Corporation’s revenue for fiscal 2025 (year ended December 2025) was CAD 2.0 billion, down 6.32% from fiscal 2024.
  • Net income was CAD 433.0 million, or CAD 2.07 per share (basic), a net margin of 21.8%.
  • As of September 25, 2026, SOBO traded at $33.99, a market capitalization of $7.2 billion.
  • At that price the stock trades at 15.4× trailing-twelve-month earnings and 3.5× sales.
  • Return on equity was 16.3% and debt-to-equity 2.15.

Source: company filings (standardised) and stockrow calculations.

South Bow Corporation (SOBO) Latest News

News by impact score

Fine-tune

17 Sep

3

South Bow Corporation profits from global crude oil volatility through its pipeline operations. Global crude disruptions provide revenue gains and market positioning for South Bow pipelines.

14 Aug

3

South Bow reports strong earnings and new contracts while fair value remains in view. Strong earnings and new contracts provide positive but limited shifts in financial performance and positioning.

12 Aug

4 transcript

South Bow Corporation released its Q2 2026 earnings call transcript covering financial results, operational updates, and management outlook. Q2 earnings details and forward guidance directly shape investor views and near-term stock movement.

9 Aug

3

South Bow Corporation held its Q2 earnings call, covering financial results, operational updates and forward outlook for the midstream energy firm. Quarterly earnings data and guidance directly inform near-term valuation and sentiment for the company.

6 Aug

4 transcript

South Bow Corp secured record customer commitments in its Q2 2026 earnings call, pointing to strong demand and operational momentum. Record customer commitments signal major revenue growth and strengthened market position ahead.

3 transcript

South Bow Corporation discussed Q2 2026 financial results and outlook during its earnings call. Earnings call details financial metrics and guidance that can shift near-term investor views.

5 Aug

4

South Bow Corporation exceeded Q2 earnings estimates and raised its 2026 EBITDA outlook. Earnings beat plus raised long-term EBITDA guidance signals improved financial trajectory and investor appeal.

3

South Bow Corporation (SOBO) Q2 earnings results are compared to estimates with focus on key metrics. Q2 earnings comparison to estimates can shift near-term investor sentiment and stock movement for SOBO.

3

South Bow Corporation reported second-quarter 2026 results and declared a dividend. Quarterly earnings and dividend declarations update financial performance and can shift short-term market sentiment.

29 Jul

3

South Bow Corporation anticipates earnings growth, prompting investor consideration on potential stock purchases. Expected earnings growth may moderately influence investor sentiment and near-term stock performance.

2 Jun

4

South Bow secures 20-year commitments for Prairie Connector project, triggering valuation reassessment of the company. 20-year commitments for Prairie Connector secure major long-term revenue and strengthen South Bow's market position.

29 May

4

South Bow Corporation completed a successful open season securing capacity commitments for its pipeline infrastructure. Successful open season secures long-term contracts that directly strengthen South Bow revenue visibility and project execution.

19 May

4

Keystone pipeline operations resume under South Bow Corporation after prior cancellations and delays, with regulatory and market conditions enabling renewed crude transport volumes and cash flows. Keystone revival restores core revenue and capacity that directly improves South Bow's financial trajectory and competitive standing.

15 May

4

South Bow Corporation (SOBO) Q1 earnings call highlights financial results, operational updates, and forward guidance. Q1 earnings highlights signal major financial and strategic developments shaping SOBO's trajectory and investor sentiment.

8 May

4

South Bow Corporation released Q1 2026 earnings call summary detailing financial results, operational updates, and forward guidance. Q1 earnings call highlights financial performance and strategic outlook, poised to significantly sway SOBO's market trajectory and investor confidence.

4

South Bow (TSX:SOBO) missed Q1 earnings expectations but made pipeline progress, potentially reshaping investor views on its future. Q1 earnings miss offset by pipeline advancements could significantly alter SOBO's trajectory and investor sentiment.

3

South Bow (TSX:SOBO) missed Q1 earnings expectations amid progress on Blackrod connection, triggering valuation reassessment. Q1 earnings miss creates short-term pressure while Blackrod progress offers moderate long-term upside.

7 May

4

South Bow Corporation reported first-quarter 2026 results and declared a dividend. Quarterly earnings release and dividend declaration signal financial health and influence investor sentiment and stock trajectory significantly.

3

South Bow Corporation (SOBO) Q1 earnings and revenues missed analyst estimates. Q1 earnings and revenue shortfalls signal weaker financial performance, moderately impacting investor sentiment and stock price.

30 Apr

5

President Trump signed a permit approving South Bow Corporation (SOBO)'s oil pipeline project, drawing comparisons to the Keystone XL initiative. Pipeline permit approval fundamentally enables SOBO's major infrastructure expansion and long-term revenue growth.

5

President Trump signed a Presidential Permit authorizing South Bow Corporation (SOBO)'s Bridger pipeline project, which repurposes Keystone XL pipeline assets. Presidential permit unlocks major pipeline development using Keystone XL assets, poised to transform SOBO's operations and market position.

3

South Bow Corporation (SOBO) is expected to surpass earnings estimates, prompting speculation on potential stock price gains. Expected earnings beat signals moderately positive financial outlook, influencing short-term stock sentiment and performance.

29 Apr

3

South Bow Corporation (SOBO) may beat earnings estimates again in its next report, building on past successes amid analyst scrutiny of financial performance and growth outlook. Earnings beat anticipation influences financial performance expectations and short-term investor sentiment.

26 Apr

3

Analysts deem South Bow (TSE:SOBO) well worth watching due to strong fundamentals, attractive valuation, and promising growth prospects. Analyst endorsement highlights moderate potential to boost investor sentiment and stock performance without transformative changes.

11 Apr

4

Analysts set C$39 price target for South Bow Corporation (SOBO) as valuations undergo notable changes. C$39 price target reflects shifting valuations poised to significantly influence investor sentiment and stock trajectory.

31 Mar

4

South Bow (SOBO) shares gain on news of Keystone Pipeline revival, boosting the company's prospects in oil transport. Keystone Pipeline revival represents a major shift in energy market dynamics directly benefiting SOBO's operations and investor sentiment.

16 Mar

4

South Bow Corporation (TSX:SOBO) reports stronger profitability despite lower sales, questioning if this efficiency reshapes the bullish investment case. Stronger profitability on lower sales demonstrates improved margins and operational efficiency, significantly enhancing investor sentiment and future performance outlook.

12 Mar

3

TPH maintains Hold rating on South Bow Corporation (SOBO) after Q4 results, raising price target to C$46.00. Post-Q4 Hold rating with raised price target indicates moderately positive financial outlook without major trajectory shift.

11 Mar

4

Keystone XL revival gains momentum with emergence of new pipeline plan, positioning South Bow Corporation (SOBO) for major involvement. Keystone XL revival and new pipeline plan signal major strategic shift boosting SOBO's pipeline operations and investor sentiment.

7 Mar

3

South Bow Corporation achieves milestone, prompting concerns over dividend sustainability and risk management effectiveness. Dividend sustainability doubts and risk management questions could moderately influence financial performance and investor sentiment.

stockrow.com/SOBO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com