Free Trial
→ I was right about SpaceX (From Brownstone Research) (Ad)tc pixel Free SOBO Stock Alerts

South Bow (SOBO) Financials

South Bow logo
$37.26 +0.67 (+1.82%)
Closing price 03:59 PM Eastern
Extended Trading
$37.16 -0.11 (-0.28%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for South Bow

Annual Income Statements for South Bow

This table shows South Bow's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 442 316 433
Consolidated Net Income / (Loss)		 442 316 433
Net Income / (Loss) Continuing Operations		 442 316 433
Total Pre-Tax Income 		562 418 497
Total Operating Income		 700 745 715
Total Gross Profit		 1,654 1,744 1,673
Total Revenue		 2,005 2,120 1,986
Operating Revenue		 2,005 2,120 1,986
Total Cost of Revenue		 351 376 313
Operating Cost of Revenue		 351 376 313
Total Operating Expenses		 954 999 958
Selling, General & Admin Expense		 710 738 719
Depreciation Expense		 244 246 247
Other Operating Expenses / (Income)		 - 15 -8.00
Total Other Income / (Expense), net		 -138 -327 -218
Interest Expense		 220 388 331
Interest & Investment Income		 50 49 52
Other Income / (Expense), net		 32 12 61
Income Tax Expense		 120 102 64
Basic Earnings per Share		 $2.13 $1.52 $2.08
Weighted Average Basic Shares Outstanding		 207.60M 207.60M 208.20M
Diluted Earnings per Share		 $2.13 $1.52 $2.07
Weighted Average Diluted Shares Outstanding		 207.60M 208.20M 208.80M
Weighted Average Basic & Diluted Shares Outstanding		 - 208.04M 208.25M

Quarterly Income Statements for South Bow

No quarterly income statements for South Bow are available.

Annual Cash Flow Statements for South Bow

This table details how cash moves in and out of South Bow's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 258 135 152
Net Cash From Operating Activities		 779 529 717
Net Cash From Continuing Operating Activities		 779 529 717
Net Income / (Loss) Continuing Operations		 442 316 433
Consolidated Net Income / (Loss)		 442 316 433
Depreciation Expense		 244 246 247
Non-Cash Adjustments To Reconcile Net Income		 60 -30 -8.00
Changes in Operating Assets and Liabilities, net		 33 -3.00 45
Net Cash From Investing Activities		 62 -80 -175
Net Cash From Continuing Investing Activities		 62 -80 -175
Acquisitions		 -37 -122 -178
Sale of Property, Plant & Equipment		 93 38 0.00
Other Investing Activities, net		 6.00 4.00 3.00
Net Cash From Financing Activities		 -577 -307 -411
Net Cash From Continuing Financing Activities		 -577 -307 -411
Repayment of Debt		 -971 -4,722 0.00
Payment of Dividends		 -227 -8.00 -416
Issuance of Debt		 621 4,535 0.00
Issuance of Common Equity		 0.00 9.00 5.00
Other Financing Activities, net		 - -121 0.00
Effect of Exchange Rate Changes		 -6.00 -7.00 21
Cash Interest Paid		 - 0.00 342
Cash Income Taxes Paid		 34 49 38

Quarterly Cash Flow Statements for South Bow

No quarterly cash flow statements for South Bow are available.

Annual Balance Sheets for South Bow

This table presents South Bow's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 12,032 11,329 11,193
Total Current Assets		 2,614 2,198 2,015
Cash & Equivalents		 262 397 549
Accounts Receivable		 1,344 1,190 1,107
Inventories, net		 160 207 100
Other Current Assets		 848 404 259
Plant, Property, & Equipment, net		 8,428 8,206 8,210
Total Noncurrent Assets		 990 925 968
Long-Term Investments		 813 732 743
Noncurrent Deferred & Refundable Income Taxes		 - 16 23
Other Noncurrent Operating Assets		 177 177 202
Total Liabilities & Shareholders' Equity		 12,032 11,329 11,193
Total Liabilities		 9,192 8,719 8,484
Total Current Liabilities		 2,075 1,761 1,341
Accounts Payable		 2,075 1,544 1,135
Dividends Payable		 0.00 104 104
Other Current Nonoperating Liabilities		 0.00 113 102
Total Noncurrent Liabilities		 7,117 6,958 7,143
Long-Term Debt		 5,967 5,716 5,768
Noncurrent Deferred & Payable Income Tax Liabilities		 1,040 1,102 1,196
Other Noncurrent Operating Liabilities		 110 140 179
Total Equity & Noncontrolling Interests		 2,840 2,610 2,709
Total Preferred & Common Equity		 2,840 2,610 2,709
Total Common Equity		 2,840 2,610 2,709
Common Stock		 0.00 2,857 2,862
Retained Earnings		 0.00 -49 -32
Accumulated Other Comprehensive Income / (Loss)		 -128 -198 -121

Quarterly Balance Sheets for South Bow

No quarterly balance sheets for South Bow are available.

Annual Metrics And Ratios for South Bow

This table displays calculated financial ratios and metrics derived from South Bow's official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - 208,250,512.00
DEI Adjusted Shares Outstanding		 - - 208,250,512.00
DEI Earnings Per Adjusted Shares Outstanding		 - - 2.08
Growth Metrics		 - - -
Profitability Metrics		 - - -
Net Operating Profit after Tax (NOPAT)		 551 563 623
Return On Investment Capital (ROIC_SIMPLE)		 6.25% 6.76% 7.35%
Earnings before Interest and Taxes (EBIT)		 732 757 776
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 976 1,003 1,023
Valuation Ratios		 - - -
Leverage & Solvency		 - - -
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 881 646
Efficiency Ratios		 - - -
Capital & Investment Metrics		 - - -
Invested Capital		 7,732 7,414 7,391
Increase / (Decrease) in Invested Capital		 0.00 -318 -23
Book Value per Share		 $13.68 $12.57 $13.02
Tangible Book Value per Share		 $13.68 $12.57 $13.02
Total Capital		 8,807 8,326 8,477
Total Debt		 5,967 5,716 5,768
Total Long-Term Debt		 5,967 5,716 5,768
Net Debt		 4,892 4,587 4,476
Capital Expenditures (CapEx)		 -93 -38 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 277 40 125
Debt-free Net Working Capital (DFNWC)		 539 437 674
Net Working Capital (NWC)		 539 437 674
Net Nonoperating Expense (NNE)		 109 247 190
Net Nonoperating Obligations (NNO)		 4,892 4,804 4,682
Total Depreciation and Amortization (D&A)		 244 246 247
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $1.52 $2.08
Adjusted Weighted Average Basic Shares Outstanding		 0.00 207.60M 208.20M
Adjusted Diluted Earnings per Share		 $0.00 $1.52 $2.07
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 208.20M 208.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 208.04M 208.25M
Normalized Net Operating Profit after Tax (NOPAT)		 551 563 623
Debt Service Ratios		 - - -
Payout Ratios		 - - -

Quarterly Metrics And Ratios for South Bow

No quarterly metrics and ratios for South Bow are available.


Financials Breakdown Chart

South Bow Financials - Frequently Asked Questions

According to the most recent income statement we have on file, South Bow's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

In the past 2 years, South Bow's net income has ranged from $316 million in 2024 to $442 million in 2023, and is currently $433 million as of their latest financial filing in 2025. See where experts think South Bow is headed by visiting South Bow's forecast page.

South Bow's total operating income in 2025 was $715 million, based on the following breakdown:
  • Total Gross Profit: $1.67 billion
  • Total Operating Expenses: $958 million

Over the last 2 years, South Bow's total revenue changed from $2.01 billion in 2023 to $1.99 billion in 2025, a change of -0.9%.

South Bow's total liabilities were at $8.48 billion at the end of 2025, a 2.7% decrease from 2024, and a 7.7% decrease since 2023.

In the past 2 years, South Bow's cash and equivalents has ranged from $262 million in 2023 to $549 million in 2025, and is currently $549 million as of their latest financial filing in 2025.

Over the last 2 years, South Bow's book value per share changed from 13.68 in 2023 to 13.02 in 2025, a change of -4.8%.


Related Companies

Financial statements for NYSE:SOBO last updated on 3/19/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
$30 stock to buy before Starlink goes public (WATCH NOW!)
In the next 3 minutes… James Altucher – legendary investor and venture capitalist… And someone who’s kno...
Paradigm Press | Sponsoredtc pixel
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Iran War Shock: What I Was Told In That Private Meeting
You’re Being LIED To About The Iran War Forget EVERYTHING you’ve heard about the Iran war. Especially th...
Banyan Hill Publishing | Sponsoredtc pixel
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Why this tiny stock may move before the SpaceX IPO drops
The projected SpaceX and xAI S-1 filing hits the SEC on June 1st - and analyst Dylan Jovine says $1.75 trillio...
Behind the Markets | Sponsoredtc pixel