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South Bow Corporation (SOBO) is an energy company in the raw oil transport and holding industry, based in Calgary, Canada.
It reported revenue of $1.99 billion for fiscal year 2025, down 6.3% from fiscal year 2024, and net income of $433.00 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $546.00 million, up 4.2% from a year before. Its largest business segment, Keystone Pipeline System, brought in 79% of segment revenue in fiscal year 2025; U.S. was the largest region with 79%. Its market capitalization was $6.93 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast.
South Bow reported $1.99 billion in revenue for fiscal year 2025, down 6.3% from $2.12 billion in fiscal year 2024. In Q2 2026 revenue was $546.00 million.
Keystone Pipeline System, with $1.57 billion or 79% of segment revenue in fiscal year 2025. Next: Marketing (20%) and Intra-Alberta & Other (1%).
U.S.: 79% of revenue by region in fiscal year 2025, followed by Export (20%).
$6.93 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (raw oil transport and holding) include Enbridge Inc. (ENB), Plains All American Pipeline, L.p. (PAA), Plains GP Holdings, L.p. (PAGP).