South Bow revenue and financials

SOBO · TSX · CAD

$48.65+0.70%+$0.34

Close · October 6, 2026

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%.

Annual revenue · 2025: $1.99B

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023
Total assets	11,382	11,240	11,193	11,463	11,483	11,175	11,329	16,810	11,956	12,734	12,032
Current assets	2,401	2,177	2,015	2,329	2,297	2,067	2,198	7,436	2,657	3,411	2,614
Cash and equivalents	726	599	549	501	452	390	397	623	346	522	262
Receivables	1,067	977	1,184	1,097	1,138	1,154	1,253	1,275	1,692	1,828	1,548
Inventory	129	192	100	127	151	144	207	209	186	267	160
Net property, plant and equipment	8,036	8,121	8,210	8,183	8,287	8,208	8,206	8,320	8,298	8,343	8,428
Long-term investments	726	727	743	741	726	726	732	784	780	788	813
Current liabilities	1,576	1,444	1,341	1,714	1,792	1,607	1,761	6,891	1,945	2,572	2,075
Accounts payable	1,088	1,027	754	1,191	1,214	1,117	1,062	1,183	1,485	1,668	1,229
Long-term debt	5,734	5,751	5,768	5,751	5,774	5,719	5,716	5,778	5,906	5,921	5,967
Total debt	5,734	5,751	5,791	5,751	5,774	—	—	—	—	—	—
Total liabilities	8,717	8,579	8,484	8,839	8,846	8,575	8,719	13,985	9,032	9,657	9,192
Total equity (incl. minority)	2,665	2,661	2,709	2,624	2,637	2,600	2,610	2,825	2,924	3,077	2,840
Retained earnings	-29.0	-59.0	-32.0	-84.0	-73.0	-65.0	-49.0	—	—	—	—