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South Bow Corporation logo

South Bow Corporation

SOBO

NYSEEnergyOil & Gas Midstream

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Regular session

$36.9239

−$0.7961 · -2.11%

Aug 24, 11:19 AM ET

SOBO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

76

Undervalued

Momentum

52

Neutral

Sentiment

51

Mixed

Risk resilience

79

Moderate Risk

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Company profile

Company website

South Bow Corporation (SOBO) operates within the energy infrastructure sector, specializing in the creation and ongoing management of pipeline networks. These vital systems are responsible for conveying crude oil and various other liquid hydrocarbons across extensive regions of both Canada and the United States. The company was established on December 15, 2023, and its primary corporate base is located in Calgary, Canada.

Industry
Oil & Gas Midstream
Sector
Energy
Headquarters
CA
CEO
Bevin Mark Wirzba
Listed since
Oct 8, 2024
Employees
536

Market position

Day range

Current $36.9239

52-week range

Current $36.9239

Open
$37.31
Previous close
$37.72
Volume
220.41K
0.27× average
Average volume
817.41K
Average daily volume
Market cap
7.7B USD
Beta
0.23
Market reference 1
50-day average
$36.7356
+0.51% above average
200-day average
$32.4394
+13.82% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.63×
P/B (TTM)
2.89×
P/S (TTM)
4.02×
Dividend yield
5.46%

Profitability & efficiency

Gross margin
55.52%
Operating margin
30.94%
Net margin
24.12%

Financial health

Debt / equity
2.15×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends89%62%35%8%Gross margin, FY2023: 82.49%Gross margin, FY2024: 70.66%Gross margin, FY2025: 19.20%Operating margin, FY2023: 34.91%Operating margin, FY2024: 35.14%Operating margin, FY2025: 19.71%Net margin, FY2023: 22.04%Net margin, FY2024: 14.91%Net margin, FY2025: 27.35%FY2023FY2024FY2025
Gross margin FY2023 82.49%. Gross margin FY2024 70.66%. Gross margin FY2025 19.20%. Operating margin FY2023 34.91%. Operating margin FY2024 35.14%. Operating margin FY2025 19.71%. Net margin FY2023 22.04%. Net margin FY2024 14.91%. Net margin FY2025 27.35%.

Income trends

Revenue

1.61B USD-24.02%

Operating income

317.46M USD-57.39%

Net income

440.58M USD+39.42%
Income trends across reported periods2.89B USD1.96B USD1.02B USD81.84M USDRevenue, FY2023: 2.66B USDRevenue, FY2024: 2.12B USDRevenue, FY2025: 1.61B USDOperating income, FY2023: 927.84M USDOperating income, FY2024: 745M USDOperating income, FY2025: 317.46M USDNet income, FY2023: 585.87M USDNet income, FY2024: 316M USDNet income, FY2025: 440.58M USDFY2023FY2024FY2025
Revenue FY2023 2.66B USD. Revenue FY2024 2.12B USD. Revenue FY2025 1.61B USD. Operating income FY2023 927.84M USD. Operating income FY2024 745M USD. Operating income FY2025 317.46M USD. Net income FY2023 585.87M USD. Net income FY2024 316M USD. Net income FY2025 440.58M USD.
Metric (USD)FY2025FY2024FY2023
Revenue1.61B USD2.12B USD2.66B USD
Cost of goods sold1.3B USD622M USD465.25M USD
Gross profit309.32M USD1.5B USD2.19B USD
Operating expenses−8.14M USD753M USD1.26B USD
Interest income40.7M USD12M USD42.42M USD
Interest expense336.79M USD388M USD291.61M USD
Depreciation and amortization251.32M USD246M USD323.42M USD
Operating income317.46M USD745M USD927.84M USD
Net income440.58M USD316M USD585.87M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
75%
6 beats, 2 misses, 0 met estimates
Average EPS surprise
+13.50%
8 comparable reports
Latest EPS result
0.5
Estimate 0.45 · Beat by 11.11%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.650.550.440.34Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 0.54, estimate 0.42, surprise +28.57%, Beat. Q2 2025, reported May 15, 2025: actual 0.47, estimate 0.42, surprise +11.90%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.42, estimate 0.38, surprise +10.53%, Beat. Q4 2025, reported Nov 13, 2025: actual 0.47, estimate 0.38, surprise +23.68%, Beat. Q1 2026, reported Mar 5, 2026: actual 0.61, estimate 0.42, surprise +45.24%, Beat. Q2 2026, reported May 7, 2026: actual 0.44, estimate 0.46, surprise -4.35%, Miss. Q3 2026, reported Aug 5, 2026: actual 0.5, estimate 0.45, surprise +11.11%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.43, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates568.6M459.37M350.14M240.91MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 5, 2025: actual 476.87M USD, estimate 449M USD, surprise +6.21%, Beat. Q2 2025, reported May 15, 2025: actual 498M USD, estimate 527M USD, surprise -5.50%, Miss. Q3 2025, reported Aug 6, 2025: actual 524M USD, estimate 453M USD, surprise +15.67%, Beat. Q4 2025, reported Nov 13, 2025: actual 263.51M USD, estimate 500.57M USD, surprise -47.36%, Miss. Q1 2026, reported Mar 5, 2026: actual 503M USD, estimate 504.59M USD, surprise -0.31%, Miss. Q2 2026, reported May 7, 2026: actual 491M USD, estimate 491.21M USD, surprise -0.04%, Miss. Q3 2026, reported Aug 5, 2026: actual 546M USD, estimate 496.87M USD, surprise +9.89%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 470.94M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

6 ratings
Strong buy00%
Buy117%
Hold350%
Sell233%
Strong sell00%

SOBO peers

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XOM

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$164.22

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Chevron Corporation logo

CVX

Chevron Corporation

$204.14

-0.55%

Shell plc logo

SHEL

Shell plc

$93.37

+0.04%

TotalEnergies SE logo

TTE

TotalEnergies SE

$88.9984

-0.99%

ConocoPhillips logo

COP

ConocoPhillips

$134.99

+0.09%

Petróleo Brasileiro S.A. - Petrobras logo

PBR

Petróleo Brasileiro S.A. - Petrobras

$18.51

-3.34%

ETFs holding SOBO

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - MLP & Energy Infrastructure ETF logoGlobal X - MLP & Energy Infrastructure ETFMLPX
Market value
82.81M
Weight
2.30%
AUM
3.6B USD
Expense ratio
0.45%
Price / 1D
$73.885-0.64%
Westwood Salient Enhanced Midstream Income ETF logoWestwood Salient Enhanced Midstream Income ETFMDST
Market value
13.96M
Weight
4.74%
AUM
152.76M USD
Expense ratio
0.80%
Price / 1D
$29.245-0.63%
Dimensional - International Small Cap Value ETF logoDimensional - International Small Cap Value ETFDISV
Market value
12.84M
Weight
0.25%
AUM
5.23B USD
Expense ratio
0.42%
Price / 1D
$44.445-0.10%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
10.54M
Weight
0.07%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.295-0.29%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
9.67M
Weight
0.16%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.44-0.28%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
5.25M
Weight
0.04%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$37.895-0.69%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
4.27M
Weight
0.02%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.235-0.27%
Invesco SteelPath MLP & Energy Infrastructure ETF logoInvesco SteelPath MLP & Energy Infrastructure ETFPIPE
Market value
2.56M
Weight
3.83%
AUM
66.73M USD
Expense ratio
0.75%
Price / 1D
$30.67220.00%

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