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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

31.75 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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

South Bow Corporation (SOBO) Gross margin

Alert me on Gross margin

South Bow Corporation's gross margin over the twelve months to 30 June 2026 was 49.5%, up 1.4 percentage points from fiscal 2025 (48.0%). That is below the Oil & Gas Midstream industry median of 54.9% and above the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 48.0% 0.59
FY2024 47.5% 0.37
FY2023 47.1% —

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 55.7% 10.06
Mar 2026 45.6% (3.88)
Dec 2025 49.5% 3.30
Sep 2025 46.2% (1.32)
6 more quarters

Gross margin against peers

Company Gross margin
HESM Hess Midstream Partners LP compare 100.0%
AM Antero Midstream Corporation compare 76.9%
CMBT CMB.TECH nv compare 75.4%
STNG Scorpio Tankers Inc. compare 73.9%
FRO Frontline PLC compare 66.7%
GLNG Golar LNG Limited compare 65.5%
SOBO South Bow Corporation 49.5%
KNTK Kinetik Holdings Inc. compare 41.0%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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