South Bow revenue and financials
$48.65Change from previous close: +0.70%Absolute change: +$0.34
In the fiscal year ended December 2025, South Bow reported revenue of $1.99B (−6.32% year over year). Net income was $433M, a net margin of 21.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −6.32%
- 2025 vs 2024
- Net income growth
- +37.03%
- 2025 vs 2024
- Net margin
- 21.8%
- 2024: 14.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 11,193 | 11,329 | 12,032 |
| Current assets | 2,015 | 2,198 | 2,614 |
| Cash and equivalents | 549 | 397 | 262 |
| Receivables | 1,184 | 1,253 | 1,548 |
| Inventory | 100 | 207 | 160 |
| Net property, plant and equipment | 8,210 | 8,206 | 8,428 |
| Long-term investments | 743 | 732 | 813 |
| Current liabilities | 1,341 | 1,761 | 2,075 |
| Accounts payable | 754 | 1,062 | 1,229 |
| Long-term debt | 5,768 | 5,716 | 5,967 |
| Total debt | 5,791 | 5,738 | 5,967 |
| Total liabilities | 8,484 | 8,719 | 9,192 |
| Total equity (incl. minority) | 2,709 | 2,610 | 2,840 |
| Retained earnings | -32.0 | -49.0 | 0.0 |