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SOBO Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
33.205
Open
32.780
VWAP
32.98
Vol
1.45M
Mkt Cap
6.92B
Low
32.550
Amount
47.79M
EV/EBITDA(TTM)
12.63
Total Shares
208.56M
EV
12.15B
EV/OCF(TTM)
16.94
P/S(TTM)
3.49
South Bow Corp is an energy infrastructure company, which owns and operates critical liquids pipelines and facilities extending across Canada and the United States. Its segments include Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the Company's liquid pipeline system, which connects crude oil production in Hardisty, Alberta to key refining and demand markets in the United States Midwest and Gulf Coast. It provides crude oil transportation service from Hardisty, Alberta, to various delivery points in the United States Midwest and Gulf Coast. Marketing segment provides customers with a variety of crude oil marketing services, including transportation, storage, and logistics. Intra-Alberta pipelines segment is comprised of the Grand Rapids Pipeline and White Spruce Pipeline, which provide crude oil transportation from Alberta’s oil sands region to terminals in the Edmonton and Heartland refining and market regions.
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Events Timeline

(ET)
2026-03-05
17:10:00
Sees 2026 Growth CapEx at $10M
select
2026-03-05
17:10:00
Q4 Revenue Reaches $503 Million
select

News

seekingalpha
8.5
03-25seekingalpha
Canada Discusses Keystone XL Pipeline Revival with U.S. Officials
  • Cross-Border Pipeline Talks: Canada's Natural Resources Minister Tim Hodgson revealed discussions with Trump administration representatives in Houston about reviving parts of the canceled Keystone XL pipeline, indicating Canada's proactive stance on energy security.
  • Energy Security Strategy: Hodgson highlighted that while the U.S. is the world's largest oil producer at 12-13 million barrels per day, it consumes 20 million barrels, with Canada supplying approximately 63% of that gap, underscoring the importance of U.S.-Canada energy cooperation.
  • Export Expansion Plans: He also mentioned Canada's aggressive efforts to expand oil exports to non-U.S. markets, with plans to increase the Trans Mountain pipeline's capacity by 300,000 barrels per day to meet rising international demand.
  • Permit Process Advancement: Although the Keystone XL project is fully permitted on the Canadian side, it requires a presidential permit and state regulatory approvals in the U.S., with the Trump administration's energy team working diligently with Canadian partners to navigate this permitting process.
NASDAQ.COM
2.0
03-06NASDAQ.COM
South Bow (SOBO) Q4 2025 Earnings Call Transcript
NASDAQ.COM
9.5
03-06NASDAQ.COM
South Bow Corporation Reports Q4 Earnings Growth
  • Earnings Growth: South Bow Corporation reported a net income of $93 million for Q4, translating to an earnings per share (EPS) of $0.45, which marks a significant increase from last year's $55 million and $0.26, indicating improved profitability.
  • Adjusted Earnings: Excluding special items, the company reported adjusted earnings of $99 million, or $0.47 per share, demonstrating stability in its core business performance despite revenue challenges.
  • Revenue Decline: Despite the earnings growth, South Bow's quarterly revenue fell by 5.5%, from $488 million last year to $461 million, reflecting challenges in the market environment.
  • Market Impact: The revenue decline may exert pressure on the company's future growth prospects; while profitability has improved, the ongoing revenue drop could affect investor confidence.
seekingalpha
8.5
03-06seekingalpha
South Bow Launches Open Season for Keystone XL Pipeline Revival
  • Open Season Initiation: South Bow announced on Thursday the launch of a formal open season to solicit long-term shipping commitments for the revival of part of the Keystone XL pipeline, which could increase Canadian crude exports to the U.S. by at least 12%.
  • Transportation Commitment Solicitation: The open season will remain open until March 30, aiming to gather transportation commitments from Hardisty, Alberta, to multiple U.S. delivery points, including the Cushing hub in Oklahoma and destinations on the U.S. Gulf Coast.
  • Project Review Process: Following the open season, South Bow will conduct a 60-day review of the results to determine if sufficient commercial support exists to advance the proposed project, although it still requires approval from the Trump administration.
  • Financial Performance Analysis: South Bow reported that its Q4 adjusted earnings fell from the prior year but exceeded analyst estimates, with throughput from the Keystone pipeline declining from 621K bbl/day to 594K bbl/day, while the U.S. Gulf Coast segment's throughput fell from 784K bbl/day to 680K bbl/day.
seekingalpha
9.5
03-05seekingalpha
South Bow Corporation Q4 Earnings Beat Expectations
  • Earnings Highlights: South Bow Corporation reported a Q4 GAAP EPS of $0.45, beating expectations by $0.05, indicating stability in profitability despite a revenue miss of $461 million, down 5.5% year-over-year, reflecting market demand fluctuations.
  • Financial Outlook Reaffirmed: The company reaffirmed its 2026 guidance with projected normalized EBITDA of approximately $1.03 billion, with about 90% of cash flows secured through committed arrangements, demonstrating resilience and stability against commodity price volatility.
  • Segment Performance: The normalized EBITDA for the Keystone Pipeline System is expected to decrease by $15 million in 2026 compared to 2025, while the Marketing segment is projected to increase by $15 million, reflecting the company's adaptability in response to market recovery.
  • Project Progress and Capital Expenditures: South Bow has placed the Blackrod Connection Project into commercial service and will update its growth capital expenditure outlook once its next development project is sanctioned, showcasing the company's proactive approach to business expansion and capital optimization.
seekingalpha
2.0
02-25seekingalpha
South Bow Corp. Considers Pipeline Expansion Reviving Keystone XL
  • Pipeline Expansion Plan: South Bow Corp. is considering an expansion of its pipeline system that may revive the canceled Keystone XL project, as Bridger Pipeline filed an application last month to build and operate a 550K bbl/day pipeline to transport Canadian crude through Montana to Wyoming.
  • Infrastructure Utilization: The company aims to leverage existing infrastructure and permitted corridors to connect with downstream pipelines in the U.S., which could enhance transport capacity by repurposing parts of the Keystone XL project, thereby reducing the costs associated with constructing new pipelines.
  • Early Project Stage: The expansion concept is still in its early stages, and the company plans to collaborate with prospective customers and stakeholders before sharing further details, indicating a cautious approach in its strategic planning.
  • Steel Resource Reutilization: The Bridger project would allow the
Wall Street analysts forecast SOBO stock price to rise
11 Analyst Rating
Wall Street analysts forecast SOBO stock price to rise
2 Buy
6 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
25.19
Averages
28.18
High
32.39
Current: 0.000
sliders
Low
25.19
Averages
28.18
High
32.39
Morgan Stanley
Underweight
maintain
$35 -> $39
AI Analysis
2026-04-01
New
Reason
Morgan Stanley
Price Target
$35 -> $39
AI Analysis
2026-04-01
New
maintain
Underweight
Reason
Morgan Stanley raised the firm's price target on South Bow to C$39 from C$35 and keeps an Underweight rating on the shares. In the firm's midstream and renewable energy infrastructure weekly update, the analyst argues that while midstream has received attention relative to higher torque energy subsectors since the start of the Iran war, investors have "started to sharpen their pencils on potential midstream estimate revisions."
TD Securities
Hold
maintain
$40 -> $42
2026-03-18
Reason
TD Securities
Price Target
$40 -> $42
2026-03-18
maintain
Hold
Reason
TD Securities raised the firm's price target on South Bow to C$42 from C$40 and keeps a Hold rating on the shares. The firm updated the company's model for Prairie Connector. The project is early stage, with a longer- dated in-service date and "several practical obstacles to overcome and execution challenges," the analyst tells investors in a research note.
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Valuation Metrics

The current forward P/E ratio for South Bow Corp (SOBO.N) is 19.65, compared to its 5-year average forward P/E of 15.86. For a more detailed relative valuation and DCF analysis to assess South Bow Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
15.86
Current PE
19.65
Overvalued PE
17.12
Undervalued PE
14.60

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
10.92
Current EV/EBITDA
11.34
Overvalued EV/EBITDA
11.35
Undervalued EV/EBITDA
10.48

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.87
Current PS
3.33
Overvalued PS
3.11
Undervalued PS
2.63

Financials

AI Analysis
Annual
Quarterly

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Whales Holding SOBO

R
Recurrent Investment Advisors LLC
Holding
SOBO
+19.68%
3M Return
H
Harvest Fund Advisors LLC
Holding
SOBO
+19.11%
3M Return
T
Tortoise Capital Advisors, L.L.C.
Holding
SOBO
+17.58%
3M Return
N
Ninepoint Partners LP
Holding
SOBO
+16.67%
3M Return
C
Cushing Asset Management, LP
Holding
SOBO
+15.54%
3M Return
C
ClearBridge Investments Limited
Holding
SOBO
+11.53%
3M Return

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Frequently Asked Questions

What is South Bow Corp (SOBO) stock price today?

The current price of SOBO is 33.17 USD — it has increased 2.38

What is South Bow Corp (SOBO)'s business?

South Bow Corp is an energy infrastructure company, which owns and operates critical liquids pipelines and facilities extending across Canada and the United States. Its segments include Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the Company's liquid pipeline system, which connects crude oil production in Hardisty, Alberta to key refining and demand markets in the United States Midwest and Gulf Coast. It provides crude oil transportation service from Hardisty, Alberta, to various delivery points in the United States Midwest and Gulf Coast. Marketing segment provides customers with a variety of crude oil marketing services, including transportation, storage, and logistics. Intra-Alberta pipelines segment is comprised of the Grand Rapids Pipeline and White Spruce Pipeline, which provide crude oil transportation from Alberta’s oil sands region to terminals in the Edmonton and Heartland refining and market regions.

What is the price predicton of SOBO Stock?

Wall Street analysts forecast SOBO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOBO is28.18 USD with a low forecast of 25.19 USD and a high forecast of 32.39 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is South Bow Corp (SOBO)'s revenue for the last quarter?

South Bow Corp revenue for the last quarter amounts to 503.00M USD, increased 3.16

What is South Bow Corp (SOBO)'s earnings per share (EPS) for the last quarter?

South Bow Corp. EPS for the last quarter amounts to 0.74 USD, increased 174.07

How many employees does South Bow Corp (SOBO). have?

South Bow Corp (SOBO) has 600 emplpoyees as of April 03 2026.

What is South Bow Corp (SOBO) market cap?

Today SOBO has the market capitalization of 6.92B USD.