20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
South Bow Corporation (SOBO) operates in the OIL & GAS MIDSTREAM industry and is headquartered in Calgary, Canada. Its market capitalization is roughly $7 billion. In the fiscal year ended 2025-12-31, SOBO reported $1.6B in revenue and $441M in net income.
South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Interactive charts & full statements → Open the SOBO valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Total Revenue | $1.6B | $1.6B | $2.1B | $2.7B |
| Gross Profit | $654M | $309M | $1.5B | $2.2B |
| Gross Margin % | 39.7% | 19.2% | 70.7% | 82.5% |
| Operating Income (EBIT) | $485M | $317M | $745M | $928M |
| Operating Margin % | 29.4% | 19.7% | 35.1% | 34.9% |
| Net Income | $435M | $441M | $316M | $586M |
| Net Margin % | 26.4% | 27.4% | 14.9% | 22.0% |
| EBITDA | $923M | $1.1B | $1.1B | $1.4B |
| Earnings Per Share (EPS) | $2.08 | $2.11 | $1.52 | $2.82 |
| Shares Outstanding (M) | 209M | 209M | 208M | 208M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $546M | $417M | $419M | $264M | $524M | $498M | $577M | $539M |
| Gross Profit | $420M | $92M | $103M | $39M | $382M | $414M | $194M | $439M |
| Gross Margin % | 76.9% | 22.0% | 24.5% | 15.0% | 72.9% | 83.1% | 33.6% | 81.5% |
| Operating Income (EBIT) | $239M | $92M | $116M | $38M | $186M | $178M | $191M | $182M |
| Operating Margin % | 43.8% | 22.0% | 27.6% | 14.4% | 35.5% | 35.7% | 33.1% | 33.8% |
| Net Income | $134M | $76M | $158M | $67M | $96M | $88M | $71M | $61M |
| Net Margin % | 24.5% | 18.2% | 37.8% | 25.3% | 18.3% | 17.7% | 12.2% | 11.3% |
| EBITDA | $323M | $245M | $175M | $181M | $270M | $259M | $242M | $268M |
| Earnings Per Share (EPS) | $0.64 | $0.36 | $0.76 | $0.32 | $0.46 | $0.42 | $0.34 | $0.29 |
| Shares Outstanding (M) | 209M | 208M | 209M | 209M | 209M | 209M | 208M | 208M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash from Operations (CFO) | $840M | $730M | $504M | $1.0B |
| Capital Expenditures (CapEx) | $158M | $181M | $116M | $49M |
| Free Cash Flow (FCF) | $682M | $548M | $387M | $984M |
| FCF Margin % | 41.4% | 34.1% | 18.3% | 37.0% |
| Dividends Paid | $416M | $423M | $121M | — |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $255M | $183M | $349M | $53M | $198M | $125M | ($38M) | $352M |
| Capital Expenditures (CapEx) | $18M | $27M | $95M | $18M | $35M | $32M | $28M | $61M |
| Free Cash Flow (FCF) | $237M | $157M | $254M | $35M | $164M | $93M | ($66M) | $290M |
| FCF Margin % | 43.4% | 37.6% | 60.5% | 13.2% | 31.3% | 18.6% | -11.4% | 53.8% |
| Dividends Paid | $104M | $103M | $196M | $14M | $106M | $104M | $18M | $21M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Total Assets | $11.4B | $11.2B | $11.3B | $15.9B |
| Cash & Cash Equivalents | $726M | $574M | $397M | $347M |
| Total Liabilities | $8.7B | $8.5B | $8.7B | $12.2B |
| Total Debt (Short + Long-Term) | $5.7B | $5.8B | $5.7B | $6.0B |
| Total Shareholders' Equity | $2.7B | $2.7B | $2.6B | $3.8B |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SOBO viewer.
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