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Friday 6 November 2026 Export SOBO’s income statement to Excel — free account

South Bow Corporation

SOBO Energy Oil & Gas Midstream

South Bow Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 6.32% from fiscal 2024.

Revenue
+4.20%
EPS
+39.1%
Free cash flow
+48.8%
Total debt
−0.69%

Quarter to June 2026, against a year earlier

31.43 0.18 −0.57%
Market cap
$6.6B
P/E
14.4×
Fwd P/E
19.5×
Dividend yield
6.30%
F-score
6/9
Altman Z
0.89
Beneish M
−2.63
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

South Bow Corporation (SOBO) Debt to equity

Alert me on Debt to equity

South Bow Corporation's debt to equity at the end of the quarter to 30 June 2026 was 2.2×, up 0.0× from fiscal 2025 (2.1×). That is above the Oil & Gas Midstream industry median of 0.8× and above the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 2.1× (2.78%)
FY2024 2.2× 4.23%
FY2023 2.1× —

Quarterly newest first

Period Debt to equity Change
Jun 2026 2.2× (0.44%)
Mar 2026 2.2× 1.50%
Dec 2025 2.1× (2.85%)
Sep 2025 2.2× 0.10%
7 more quarters

Debt to equity against peers

Company Debt to equity
KNTK Kinetik Holdings Inc. compare −2.9×
STNG Scorpio Tankers Inc. compare 0.1×
INSW International Seaways Inc. compare 0.3×
FRO Frontline PLC compare 0.8×
GLNG Golar LNG Limited compare 1.2×
AM Antero Midstream Corporation compare 1.4×
CMBT CMB.TECH nv compare 1.7×
SOBO South Bow Corporation 2.2×
HESM Hess Midstream Partners LP compare 8.9×
Oil & Gas Midstream industry median 0.8×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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