SOBO

South Bow Corporation

SOBO.US southbow.com + Research + Basket
CIK 0002019061
ISIN CA83671M1059
Employees 0
Phone 800 242 3447
Fiscal year end December
IPO Oct 03, 2024
Address 707 - 5 Street SW, Calgary, AB, Canada, T2P 1V8
34.05
-0.78 (-2.24%)
USD · NYSE
52-week range
23.92
38.45
Trading at 70% of the 52-week range
Market Cap
7.27B
P/E Ratio
15.98
Forward P/E
17.83
Book Value
12.78
Div. Yield
5.70%
% Institutions
65.96%
% Insiders
0.072%

1 Year

+43.3%

3 Year

+75.5%

10 Year

+75.5%
Description

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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People

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Directors & Officers

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 & Chief Commercial Officer NA
Mr. Heather Krislock Senior VP & COO NA
Martha Wilmot Director of Investor Relations NA
Ms. Kate Fischer Associate General Counsel & Corporate Secretary NA

Shareholders

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Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
FMR Inc 21.89M Jun 30, 2026 10.50% $0.03 126.38%
Royal Bank of Canada 14.57M Jun 30, 2026 6.98% $0.08 -11.19%
ClearBridge Advisors, LLC 8.86M Jun 30, 2026 4.25% $0.26 2.14%
Vanguard Capital Management, LLC 6.05M Jun 30, 2026 2.90% $0.00 1.35%
Bank of Montreal 5.55M Jun 30, 2026 2.66% $0.06 -15.74%
BMO Capital Markets Corp. 5.55M Jun 30, 2026 2.66% $0.06 -15.74%
T. Rowe Price Associates, Inc. 5.24M Jun 30, 2026 2.51% $0.02 0.14%
Thornburg Investment Management Inc 3.72M Jun 30, 2026 1.78% $1.25 2.43%
CIBC World Markets Inc. 3.40M Jun 30, 2026 1.63% $0.19 -1.03%
Dimensional Fund Advisors, Inc. 3.04M Jun 30, 2026 1.46% $0.02 4.41%
Connor Clark & Lunn Inv Mgmt Ltd 2.78M Jun 30, 2026 1.33% $0.19 -0.49%
Bank of America Corp 2.76M Jun 30, 2026 1.32% $0.01 38.31%
Mackenzie Investments 2.54M Jun 30, 2026 1.22% $0.13 410.92%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 2.16M Jun 30, 2026 1.03% $0.09 -3.43%
American Century Companies Inc 2.13M Jun 30, 2026 1.02% $0.03 134.36%
TD Waterhouse Canada Inc 1.95M Jun 30, 2026 0.93% $0.18 0.83%
Vanguard Fiduciary Trust Co 1.84M Jun 30, 2026 0.88% $0.01 1.20%
Legal & General Group PLC 1.78M Jun 30, 2026 0.86% $0.01 1.34%
The Goldman Sachs Group Inc 1.78M Jun 30, 2026 0.85% $0.01 26.38%
Scotia Capital Inc 1.75M Jun 30, 2026 0.84% $0.23 -1.98%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Fidelity Series Canada 5.35M 2.57% ▲ 0.00% Aug 31, 2026
2 Fidelity Canadian Growth Company Sr B 4.55M 2.18% ▲ 7.74% Jun 30, 2026
3 Thornburg Investment Income Builder A 3.42M 1.64% ▲ 0.00% Aug 31, 2026
4 Vanguard Total Intl Stock Index Inv 3.09M 1.48% ▼ 0.44% Sep 30, 2026
5 RBC Canadian Dividend Fund A 2.44M 1.17% ▼ 12.53% Sep 30, 2026
6 Global X MLP & Energy Infrastructure ETF 2.26M 1.08% ▲ 0.06% Oct 29, 2026
7 FTF ClearBridge Global Infras Inc EBAcc 2.20M 1.06% ▲ 1.78% Aug 31, 2026
8 Vanguard Developed Markets Index Admiral 2.03M 0.98% ▼ 0.05% Sep 30, 2026
9 Fidelity Global Innovators Cl F 1.91M 0.92% ▲ 21.36% Jun 30, 2026
10 Fidelity Special Situations Series F 1.86M 0.89% ▲ 43.49% Jun 30, 2026

Financial Highlights

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Market Cap: $7.27B
EBITDA: $1.00B
P/E Ratio: $15.98
Book Value: $12.78
Dividend/Share: $2.00
Dividend Yield: 5.70%
Earnings/Share: $2.18
Profit Margin: 22.99%
Operating Margin: 43.77%
ROA (TTM): 4.10%
ROE (TTM): 17.35%
Revenue (TTM): $2.00B
Revenue/Share (TTM): $9.60
Earnings Growth (YOY): 39.10%
Revenue Growth (YOY): 4.20%

Valuation Metrics

Enterprise Value: $12.33B
Trailing P/E: 15.98
Forward P/E: 17.83

Shares Statistics

Shares Outstanding: 208.59M
Shares Float: 207.97M
% Insiders: 0.072%
% Institutions: 65.96%
Shares Short: 8.74M
Shares Short (Prior Month): 11.11M
Short Ratio: 11.04

Stock Price History

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1 Year Price History

3 Years Price History

10 Years Price History

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Financial Charts

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Open balance sheet Open capital intensity Download Financials (Excel)

Revenue, Net Income & Operating Cash Flow (Yearly)

Change % vs Prior Year

Revenue, Net Income & Operating Cash Flow (Quarterly)

Change % vs Prior Quarter

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

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Open full waterfall Open balance sheet
Line Item
Step Type
Value
Revenue
adjust
$1.99B
Cost of Goods Sold
adjust
$-560.00M
Gross Profit
subtotal
$1.43B
Other Operating Expense
adjust
$-711.00M
Operating Income
subtotal
$715.00M
Other / Non-Operating Items
adjust
$-282.00M
Net Income
subtotal
$433.00M

Earnings Per Share (EPS) History

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Financial Ratios

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📦 Raw API Data (JSON Explorer)

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