South Bow Corp SOBO
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Market cap
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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 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | 2.08 | 1.52 | 2.13 | — |
| EPS, diluted | 2.07 | 1.52 | 2.13 | — |
| Shares, diluted (wtd. avg.) | $208.8M | $208.2M | $207.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| 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.
Others in SIC 4610
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|---|---|---|---|---|
| ENB | ENBRIDGE INC | $109.40B | — | — |
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| DINO | HF Sinclair Corp | $18.74B | 34.2x | -6.0% |
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| PAGP | PLAINS GP HOLDINGS LP | $5.52B | — | -9.5% |
| DKL | Delek Logistics Partners, LP | $2.96B | — | 7.7% |
| GEL | GENESIS ENERGY LP | $1.94B | — | -1.8% |