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South Bow Corporation (SOBO)

35.96 +0.02 (+0.06%)
At close: October 30 at 4:00:02 PM EDT
36.25 +0.29 (+0.81%)
Pre-Market: 3:29:27 AM EST
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Chart Range Bar
Loading chart for SOBO
  • Previous Close 35.94
  • Open 36.06
  • Bid 35.60 x 30000
  • Ask 36.50 x 30000
  • Day's Range 35.76 - 36.14
  • 52 Week Range 25.01 - 39.02
  • Volume 295,065
  • Avg. Volume 680,753
  • Market Cap (intraday) 7.501B
  • Beta (5Y Monthly) 0.98
  • PE Ratio (TTM) 16.35
  • EPS (TTM) 2.20
  • Earnings Date Nov 4, 2026
  • Forward Dividend & Yield 2.00 (5.56%)
  • 1y Target Est 34.50
  • Zacks Rating Bearish

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.

www.southbow.com

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Full Time Employees

December 31

Fiscal Year Ends

Energy

Sector

Recent News

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Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index (^GSPTSE) .

YTD Return

SOBO
32.26%
S&P/TSX Composite index (^GSPTSE)
11.78%

1-Year Return

SOBO
45.41%
S&P/TSX Composite index (^GSPTSE)
18.03%

3-Year Return

SOBO
57.03%
S&P/TSX Composite index (^GSPTSE)
88.90%

5-Year Return

SOBO
57.03%
S&P/TSX Composite index (^GSPTSE)
69.32%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q2 FY26
Revenue 546M
Earnings 134M
Profit Margin 24.54%

Q3

FY25

Q4

FY25

Q1

FY26

Q2

FY26

0
100M
200M
300M
400M
500M
0.0%
10.0%
20.0%
30.0%

Analyst Insights

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Analyst Price Targets

30.00 Low
34.50 Average
35.96 Current
39.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 10/22/2026
Analyst CIBC
Rating Action Maintains
Rating Neutral
Price Action Lowers
Price Target 36 -> 35

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (current)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    22.99%

  • Return on Assets (ttm)

    4.10%

  • Return on Equity (ttm)

    17.35%

  • Revenue (ttm)

    2B

  • Net Income Avi to Common (ttm)

    460M

  • Diluted EPS (ttm)

    2.20

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    726M

  • Total Debt/Equity (mrq)

    216.10%

  • Levered Free Cash Flow (ttm)

    337.98M

Company Insights

Research Reports

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