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Home CompaniesSouth Bow Corporation

South Bow Corporation

Energy Oil & Gas Midstream
PortfolioPortfolio WatchlistWatchlist
Company price
44.47 CAD -3.11 ( 6.54%)
Last update at 2026-11-05T20:45:00Z
VOLUME
1177941
Market Cap
8932.59M
P/E
15.08

Momentum Score

…

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.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
44.10
Low
47.64
High
52 Week Price Range
31.53
Low
47.88
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

South Bow Corporation (SOBO.TO) is a Toronto-listed company for which public sources provide little detail on core operations or assets. With identifiable long-term growth drivers not evident from available disclosures, the stock may primarily offer small-cap exposure and potential upside linked to future strategic or corporate developments.

Key investment risks include low market liquidity, thin analyst coverage, governance and execution risks typical of small-cap issuers, and sensitivity to financing needs or corporate actions.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
47.58
Dividend Yield
4.65%
Revenue TTM
1986.00M
Revenue Per Share
9.54
Gross Profit TTM
974.00M
Debt / Equity
2.14
ROE
16.28%
Net Debt
5206.51M
ROCE
3.23%
Diluted EPS TTM
2.84

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Income before tax 505.70M 418.00M 562.00M
Net income 440.58M 316.00M 442.00M
Gross profit 309.32M 1006.00M 944.00M
Reconciled depreciation 247.00M - -
Ebit 317.46M - -
Ebitda 568.79M - -
Depreciation and amortization 251.32M - -
Operating income 317.46M 794.00M 750.00M
Other operating expenses 1293.25M - -
Interest expense 336.79M 49.00M 50.00M
Tax provision 64.00M 102.00M 120.00M
Interest income 41.00M 258.00M 179.00M
Net interest income -290.00M - -
Income tax expense 65.12M - -
Total revenue 1610.71M 2120.00M 2005.00M
Total operating expenses -8.14M - -
Cost of revenue 1301.39M 1114.00M 1061.00M
Total other income expense net 188.24M - -
Net income from continuing ops 433.00M - -
Net income applicable to common shares - 316.00M 442.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Total assets 11172.63M 11329.00M 12032.00M
Other current assets 159.71M 376.00M 845.00M
Total liab 8468.56M 8719.00M 9192.00M
Total stockholder equity 2704.07M 2610.00M 2840.00M
Other current liab 569.96M - -
Common stock 2196.99M 2196.00M 2968.00M
Capital stock 2201.00M - -
Retained earnings -31.94M -49.00M 0.00M
Other assets - 193.00M 177.00M
Cash 573.95M - -
Cash and equivalents - 397.00M 262.00M
Total current liabilities 1338.56M 1761.00M 2075.00M
Current deferred revenue 15.97M - -
Net debt 5206.51M - -
Short term debt - 0.00M 0.00M
Short long term debt total 5780.46M - -
Other stockholder equity 659.80M -198.00M -128.00M
Property plant equipment - 8206.00M 8428.00M
Total current assets 2011.33M 2198.00M 2614.00M
Long term investments 743.00M - -
Net receivables 1177.85M 1190.00M 1344.00M
Long term debt 5768.00M 5716.00M 5967.00M
Inventory 99.82M 207.00M 160.00M
Accounts payable 752.63M - -
Accumulated other comprehensive income -120.78M - -
Non currrent assets other 73.87M - -
Non current assets total 9161.30M - -
Capital lease obligations 23.00M - -
Long term debt total - 5716.00M 5967.00M
Breakdown 2025-12-31 2024-12-31 2023-12-31
Type yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31
Total cashflows from investing activities -178.06M -81.00M 62.00M
Net borrowings 0.00M - -
Total cash from financing activities -418.19M -307.00M -577.00M
Net income 440.58M 316.00M 442.00M
Change in cash 89.05M 135.00M 258.00M
Begin period cash flow 484.90M - -
End period cash flow 573.95M - -
Total cash from operating activities 729.55M 529.00M 779.00M
Depreciation 251.32M 246.00M 244.00M
Other cashflows from investing activities 3.05M 41.00M 99.00M
Dividends paid 423.28M - -
Change to inventory 108.87M - -
Change to account receivables 84.45M - -
Sale purchase of stock - 966.00M -190.00M
Other cashflows from financing activities - 1.00M -37.00M
Capital expenditures 181.12M 122.00M 37.00M
Change in working capital -35.61M 8.00M 37.00M
Other non cash items -8.14M - -
Free cash flow 548.44M - -

Peer Comparison*

Sector: Energy Industry: Oil & Gas Midstream

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
SOBO
South Bow Corporation		 -3.11
6.54%		 44.47 15.08 17.92 4.50 2.40 5.94 10.97
ENB
Enbridge Inc		 -0.52
0.76%		 67.50 22.18 23.15 2.38 2.80 4.09 13.04
ENB-PJ
Enbridge Inc Pref 7		 0.02
0.08%		 24.51 6.36 - 2.38 - - -
ENB-PP
Enbridge Srs P Cum Red Prf		 -
-%		 24.40 6.30 - 2.38 - - -
ENB-PY
Enbridge Inc Pref 3		 0.13
0.57%		 23.01 5.61 - 2.36 - - -

Profile*

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.

707 - 5 Street SW, Calgary, AB, Canada, T2P 1V8

800 242 3447

https://www.southbow.com

Name Title Year Born
Mr. Bevin Mark Wirzba M.B.A., P.Eng. President, CEO & Director 1972
Mr. P. Van R. Dafoe B.Com., B.Comm, C.M.A., CPA Senior VP & CFO NA
Mr. Richard J. Prior Senior VP & COO NA
Ms. Lori M. Muratta Senior VP & General Counsel 1965
Ms. Tamara Loewen VP of Information Services & Chief Information Officer NA
Mr. Kevin Engel Vice-President of Finance & Marketing NA
Ms. Renate Poole Vice President of Human Resources NA
Mr. Eric Von Engelbrechten VP & Controller NA
Martha Wilmot Director of Investor Relations NA
Mr. Bevin Mark Wirzba M.B.A., P.Eng. President, CEO & Director 1973

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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