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

31.75 2.30 −6.75%
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

South Bow Corporation (SOBO) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, South Bow Corporation (SOBO) trades at a EV/EBITDA of 10.5×. Over the past ten years it has ranged from 0.0× (December 2024) to 12.5× (May 2026); the current reading is higher than 40% of that period. That is above the Oil & Gas Midstream industry median of 9.0× and above the Energy sector median of 6.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.3× 6.81%
FY2024 9.6× —
FY2023 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 11.2× (3.06%)
Mar 2026 11.5× 12.24%
Dec 2025 10.3× (6.97%)
Sep 2025 11.0× 5.60%
6 more quarters

Against its own ten years

Low 0.0× High 12.5×
Ten-year median 10.7×
Current reading's percentile 40

EV/EBITDA against peers

Company EV/EBITDA
STNG Scorpio Tankers Inc. compare 2.0×
INSW International Seaways Inc. compare 5.1×
HESM Hess Midstream Partners LP compare 6.1×
CMBT CMB.TECH nv compare 7.3×
FRO Frontline PLC compare 7.4×
AM Antero Midstream Corporation compare 9.5×
SOBO South Bow Corporation 10.5×
KNTK Kinetik Holdings Inc. compare 12.8×
GLNG Golar LNG Limited compare 20.5×
Oil & Gas Midstream industry median 9.0×
Energy sector median 6.2×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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