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StockVS

NYSE · Oil & Gas Midstream · USD

South Bow Corporation (SOBO) Stock Analysis

South Bow Corporation (SOBO) is a Oil & Gas Midstream stock listed on NYSE and quoted in US Dollar.

SOBO

$37.05

−$0.32 (−0.86%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SOBO Key Statistics

As of Sep 4, 2026
Trading
Open
$37.16
Previous Close
$37.37
Day's Range
36.65–37.16
52-Week Range
25.02–39.02
Volume
1.05M
Valuation
Market Cap
$7.73B
P/E Ratio
16.84
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
18.98
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.86
EPS (ttm)Profit attributable to each share over the last twelve months.
2.20
Financials (FY)
Revenue (FY)
$1.99B−6.32%
Net Income (FY)
$433.00M+37.03%
Profit marginThe share of revenue left as profit after all costs and taxes.
22.99%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
208.59M
1-Year Return
+38.45%
Dividend and dates
Dividend
$2.00+5.35%
Ex-Dividend Date
September 29, 2026
Earnings Date
November 4, 2026
Avg Volume
735.98K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SOBO Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+38.81%
2025+21.15%
2024 (partial year)+7.99%

As of September 4, 2026.

SOBO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$1.99B$433.00M21.8%
2024$2.12B$316.00M14.9%
2023$2.01B$442.00M22.0%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$1.99B$1.43B$715.00M$433.00M21.8%
2024$2.12B$1.50B$745.00M$316.00M14.9%
2023$2.01B$1.41B$700.00M$442.00M22.0%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SOBO Dividend History

$1.00+100.0% vs 2024

Dividends per share, 2025 · 2 payments

YearDividends per sharePaymentsChange
2026*$1.002—
2025$1.002+100.0%
2024$0.501—

Most recent payment: $0.50 per share, ex-dividend June 30, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

SOBO Valuation vs Oil & Gas Midstream Median

Median of 65 stocks
MetricSOBOOil & Gas Midstream medianvs median
P/E16.8415.548% above
P/S ratio3.862.6546% above
Profit margin22.99%20.00%3.0 pts above

Medians across 65 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 10 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

South Bow Corporation (SOBO) carries a market capitalisation of $7.73B. It is classified in the Oil & Gas Midstream industry, within the Energy sector.

The most recent close on file for SOBO is $37.05, dated September 4, 2026. That is −$0.32 (−0.86%) against the previous close. Over the past 52 weeks the price has ranged from $25.02 to $39.02. The latest close sits 48.11% above that 52-week low.

Financial Health

In fiscal 2025, South Bow Corporation reported revenue of $1.99B. That is −6.32% against the prior fiscal year, when revenue was $2.12B. The same year closed with net income of $433.00M. That is +37.03% against the prior fiscal year. Profit margin runs at 22.99%. That is 3 percentage points above the Oil & Gas Midstream median of 20%. Earnings per share on a trailing basis come to 2.2.

Across the 3 fiscal years on file, revenue moves from $2.01B in 2023 to $1.99B in 2025. Of those 3 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 16.84. That is 8.37% above the Oil & Gas Midstream median of 15.54. The forward P/E on file is 18.98. The price-to-sales ratio is 3.86. On price-to-sales that is 45.64% above the Oil & Gas Midstream median of 2.65. The medians here are taken across 65 Oil & Gas Midstream companies that report the metric.

Daily returns over the trailing 1 year annualize to a volatility of 22.09%. Over the trailing twelve months the price has returned +38.45%. The stored price history starts on October 3, 2024, and the total return since then is +81.61%.

Growth & Income

The trailing dividend yield is 5.35%. At the indicated rate that is $2.00 a share a year. The ex-dividend date on file is September 29, 2026. Dividends are recorded for 3 calendar years; 2026 shows 2 payments totalling $1.00 a share. The year before, 2025, totalled $1.00 a share.

The record holds one complete calendar year, 2025, which returned +21.15%. 2026 is still running; the price is +38.81% year to date.

Peer Comparison

South Bow Corporation (SOBO) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
South Bow Corporation SOBO $7.73B 16.8
Enbridge Inc. ENB $109.40B 26.9
The Williams Companies, Inc. WMB $90.70B 29.5
Enterprise Products Partners L.P. EPD $84.09B 13.6

The Oil & Gas Midstream industry average P/E ratio is 15.5x. South Bow Corporation trades at a P/E of 16.8.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About South Bow Corporation

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.

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