Company Overview
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.
Why Investors Should Care
Generates a return on equity of 17.4%, reflecting efficient use of shareholder capital.
Trades at an undemanding P/E of 17.2.
Maintains a net profit margin of 23.0%.
Offers a dividend yield of 5.59%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $1.99B (-6.3% YoY); net profit $433.00M.
- Trailing 12 Months Year-on-year growth — revenue +4.2%, earnings +39.1%.
- 5-Year Trend Long-term compounding — revenue CAGR -0.5%, profit CAGR -1.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | -0.47% |
| 1 Year: | 4.20% |
Compounded Profit Growth
| 5 Years: | -1.02% |
| 1 Year: | 39.10% |
Stock Price Performance
| 1 Year: | +39.50% |
| 6 Months: | +16.51% |
| 3 Months: | +5.63% |
| 1 Month: | +6.09% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)55.63 · Neutral
P/E of 17.18 is above the sector median of 15.76 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 23.0%.
- Attractive dividend yield of 5.59%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -0.5% CAGR over 5 years.
- Earnings shrank at -1.0% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SOBO South Bow Corporation | 37.79 | 17.18 | $7.88B | 5.59% | 7.26% | 17.35% | -0.47% | -1.02% |
| 2 | XOM ExxonMobil Holdings Corporation SPXR3K | 160.66 | 20.68 | $660.62B | 2.52% | 9.01% | 12.58% | 0.48% | -1.99% |
| 3 | CVX Chevron Corporation SPXR3K | 209.80 | 20.19 | $411.54B | 3.39% | - | 12.23% | -1.00% | -2.30% |
| 4 | TTE TotalEnergies SE | 90.10 | 11.28 | $199.03B | 4.63% | 10.04% | 14.48% | -11.53% | -13.84% |
| 5 | COP ConocoPhillips SPXR3K | 135.04 | 17.86 | $162.23B | 2.49% | 10.31% | 14.18% | -9.11% | -24.66% |
| 6 | MPC Marathon Petroleum Corporation SPXR3K | 397.77 | 13.80 | $116.12B | 0.95% | 12.90% | 42.10% | 6.91% | 14.73% |
| 7 | BP BP p.l.c. | 44.88 | 21.47 | $115.58B | 4.49% | 7.99% | 8.87% | -7.78% | - |
| 8 | ENB Enbridge Inc. | 50.48 | 26.99 | $110.25B | 5.55% | 5.84% | 9.22% | 6.94% | 35.62% |
| 9 | VLO Valero Energy Corporation SPXR3K | 369.75 | 15.43 | $106.46B | 1.16% | 9.83% | 27.64% | 6.23% | -4.61% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 498.00M | 524.00M | 461.00M | 503.00M | 491.00M |
| Cost of Revenue | - | 146.00M | 142.00M | 144.00M | 128.00M | 138.00M |
| Gross Profit | - | 352.00M | 382.00M | 317.00M | 375.00M | 353.00M |
| Operating Expenses | - | 174.00M | 196.00M | 170.00M | 171.00M | 193.00M |
| Operating Income | - | 178.00M | 186.00M | 147.00M | 204.00M | 160.00M |
| EBITDA | - | 259.00M | 270.00M | 252.00M | 294.00M | 248.00M |
| Interest Expense | - | 83.00M | 81.00M | 84.00M | 83.00M | 84.00M |
| Pretax Income | - | 114.00M | 126.00M | 104.00M | 153.00M | 100.00M |
| Tax Provision | - | 26.00M | 30.00M | 11.00M | -3.00M | 23.00M |
| Net Income | - | 88.00M | 96.00M | 93.00M | 156.00M | 77.00M |
| Diluted EPS | - | 0.42 | 0.46 | 0.45 | 0.26 | 0.37 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue | 2.00B | 2.12B | 1.99B |
| Cost of Revenue | 595.00M | 622.00M | 560.00M |
| Gross Profit | 1.41B | 1.50B | 1.43B |
| Operating Expenses | 710.00M | 753.00M | 711.00M |
| Operating Income | 700.00M | 745.00M | 715.00M |
| EBITDA | 1.03B | 1.05B | 1.07B |
| Interest Expense | 220.00M | 388.00M | 331.00M |
| Pretax Income | 562.00M | 418.00M | 497.00M |
| Tax Provision | 120.00M | 102.00M | 64.00M |
| Net Income | 442.00M | 316.00M | 433.00M |
| Diluted EPS | 2.13 | 1.52 | 1.52 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Total Assets | 12.03B | 11.33B | 11.19B |
| Current Assets | 2.61B | 2.20B | 2.02B |
| Cash & Equivalents | 262.00M | 397.00M | 549.00M |
| Inventory | 160.00M | 207.00M | 100.00M |
| Receivables | 1.34B | 1.19B | 1.11B |
| Total Liabilities | 9.19B | 8.72B | 8.48B |
| Current Liabilities | 2.08B | 1.76B | 1.34B |
| Long Term Debt | 5.97B | 5.72B | 5.77B |
| Total Debt | 5.97B | 5.74B | 5.79B |
| Total Equity | 2.84B | 2.61B | 2.71B |
| Shares Outstanding | 207.57M | 208.04M | 208.25M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Operating Cash Flow | 779.00M | 529.00M | 717.00M |
| Investing Cash Flow | 62.00M | -80.00M | -175.00M |
| Financing Cash Flow | -577.00M | -307.00M | -411.00M |
| Capital Expenditure | -37.00M | -122.00M | -178.00M |
| Free Cash Flow | 742.00M | 407.00M | 539.00M |
| Net Change in Cash | 264.00M | 142.00M | 131.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Gross Margin % | 70.3% | 70.7% | 71.8% |
| Operating Margin % | 34.9% | 35.1% | 36.0% |
| Net Margin % | 22.0% | 14.9% | 21.8% |
| ROE % | 15.6% | 12.1% | 16.0% |
| ROCE % | 7.0% | 7.8% | 7.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | FMR, LLC | 10.50% | 21.89M | $785.58M |
| 2 | Royal Bank of Canada | 6.98% | 14.57M | $522.71M |
| 3 | ClearBridge Investments, LLC | 4.25% | 8.86M | $317.72M |
| 4 | Vanguard Capital Management LLC | 2.90% | 6.05M | $217.02M |
| 5 | Bank of Montreal /CAN/ | 2.66% | 5.55M | $199.30M |
| 6 | Price (T.Rowe) Associates Inc | 2.51% | 5.24M | $188.18M |
| 7 | Thornburg Investment Management Inc. | 1.78% | 3.72M | $133.52M |
| 8 | CIBC World Market, Inc. | 1.63% | 3.40M | $122.13M |
| 9 | Dimensional Fund Advisors LP | 1.46% | 3.04M | $109.18M |
| 10 | Connor Clark & Lunn Investment Management Ltd | 1.33% | 2.78M | $99.74M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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South Bow Corporation (SOBO) Stock Price Today: $36.96 - Gotrade
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SOBO — Frequently Asked Questions
What is the current share price of South Bow Corporation (SOBO)?
As of 2026-09-19 21:16 PDT, South Bow Corporation (SOBO) trades at $37.79 on NYSE. Its 52-week range is $24.54 to $38.67.
What is the market capitalisation of SOBO?
South Bow Corporation (SOBO) has a market capitalisation of $7.88B on NYSE.
What is the P/E ratio of SOBO?
SOBO trades at a trailing price-to-earnings (P/E) ratio of 17.18. The industry average P/E is 15.76. Its price-to-book (P/B) ratio is 2.81.
Does SOBO pay a dividend?
South Bow Corporation (SOBO) currently offers a dividend yield of 5.59%.
What is the return on equity (ROE) of SOBO?
SOBO has a return on equity (ROE) of 17.35%. Its return on capital employed (ROCE) is 7.26%.
Is SOBO a good stock to buy?
This page provides a data-driven analysis of South Bow Corporation (SOBO), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.