South Bow CorporationSOBO.TO
Energy · Energy · TSX · Canada · southbow.com
South Bow Corporation is a Calgary-based liquids midstream energy company formed through the spin-off of TC Energy's liquids pipelines business in October 2024. The company primarily operates the Keystone Pipeline System, transporting crude oil from Hardisty, Alberta, to key U.S. markets including Wood River and Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast. South Bow is dual-listed on both the TSX and NYSE.
Key ratios
FCF / Sales
27.1%TTM
2025
27.1%2024
19.2%2023
37.0%
Net margin
21.8%TTM
2025
21.8%2024
14.9%2023
22.0%
ROA
4.0%TTM
2025
4.0%2024
4.1%
ROE
16.3%TTM
2025
16.3%2024
11.6%
Recent news
South Bow Reports Second-quarter 2026 Results and Declares Dividend
South Bow Announces Successful Open Season
South Bow Reports First-quarter 2026 Results and Declares Dividend
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