South Bow Corp SOBO

Energy SIC 4610 - Pipe Lines (No Natural Gas) NAICS Transportation and Warehousing › Pipeline Transportation › Other Pipeline Transportation derived NYSE

Last close —
Market cap —
52-week range — - —

No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS2.07

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022
Revenue $1.99B$2.12B$2.00B—
Cost of revenue $313.0M$376.0M$351.0M—
Gross profit $1.67B$1.74B$1.65B—
Total operating expenses $1.27B$1.38B$1.30B—
Operating income —$1.09B$1.07B—
Interest expense $331.0M$388.0M$220.0M—
Pre-tax income $497.0M$418.0M$562.0M—
Income tax $64.0M$102.0M$120.0M—
Net income $433.0M$316.0M$442.0M—
EPS, basic 2.081.522.13—
EPS, diluted 2.071.522.13—
Shares, diluted (wtd. avg.) 208.8M208.2M207.6M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022
Cash and equivalents $549.0M$397.0M$262.0M$4.0M
Receivables $1.11B$1.19B$1.34B—
Inventory $100.0M$207.0M$160.0M—
Total current assets $2.02B$2.20B$2.61B—
Property, plant and equipment $8.21B$8.21B$8.43B—
Total assets $11.19B$11.33B$12.03B—
Total current liabilities $1.34B$1.76B$2.08B—
Total liabilities $8.48B$8.72B$9.19B—
Retained earnings -$32.0M-$49.0M$0—
Total equity $2.71B$2.61B$2.84B$7.52B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022
Operating cash flow $717.0M$529.0M$779.0M—
Depreciation and amortisation $247.0M$246.0M$244.0M—
Capital expenditure —$141.0M$47.0M—
Investing cash flow -$175.0M-$80.0M$62.0M—
Financing cash flow -$411.0M-$307.0M-$577.0M—
Dividends paid $416.0M$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002019061-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2023: 2B Gross profit, FY2023: 1.7B Net income, FY2023: 442M Revenue, FY2024: 2.1B Gross profit, FY2024: 1.7B Net income, FY2024: 316M Revenue, FY2025: 2B Gross profit, FY2025: 1.7B Net income, FY2025: 433M FY2022 FY2023 FY2024 FY2025
Fiscal year FY2022FY2023FY2024FY2025
Revenue — $2.00B $2.12B $1.99B
Gross profit — $1.65B $1.74B $1.67B
Net income — $442.0M $316.0M $433.0M

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GEL GENESIS ENERGY LP $1.72B — -1.8%