Company research
South Bow Corp
CIK 2019061Updated Oct 8, 2026
SecuritiesSOBO · NYSE · equitySOBO · TSX · equity
SOBO price & chart
Loading TradingView…
NYSE:SOBO on TradingView ↗In the news
South Bow Reports Second-quarter 2026 Results and Declares Dividend ↗
South Bow Announces Timing of Second-quarter 2026 Results and Conference Call and Webcast ↗
NYSE Content Advisory: Pre-Market Update + Berkshire Hathaway Makes $4.3 Billion Tech Investment USA - English APAC - English News provided by New York Stock Exchange Nov 18, 2025, 09:25 ET Share this article Share to X Share this article Share to X NEW YORK , Nov. 18, 2025 /PRNewswire/ -- The New Y ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 11,193,000,000Source | 11,329,000,000Source | 12,032,000,000Source |
| Property, Plant and Equipment, NetUSD | 8,210,000,000Source | 8,206,000,000Source | 8,428,000,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 549,000,000Source | 397,000,000Source | 262,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,107,000,000Source | 1,190,000,000Source | 1,344,000,000Source |
| Inventory, NetUSD | 100,000,000Source | 207,000,000Source | 160,000,000Source |
| Assets, CurrentUSD | 2,015,000,000Source | 2,198,000,000Source | 2,614,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 18,000,000Source | 22,000,000Source | 10,000,000Source |
| Other Assets, NoncurrentUSD | 202,000,000Source | 177,000,000Source | 171,000,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 8,484,000,000Source | 8,719,000,000Source | 9,192,000,000Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 2,201,000,000Source | 2,196,000,000Source | 0Source |
| Additional Paid in CapitalUSD | 661,000,000Source | 661,000,000Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | -32,000,000Source | -49,000,000Source | 0Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -121,000,000Source | -198,000,000Source | -128,000,000Source |
| Liabilities and EquityUSD | 11,193,000,000Source | 11,329,000,000Source | 12,032,000,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 1,341,000,000Source | 1,761,000,000Source | 2,075,000,000Source |
| Operating Lease, Liability, CurrentUSD | 3,000,000Source | 0Source | 4,000,000Source |
| Operating Lease, Liability, NoncurrentUSD | 23,000,000Source | 22,000,000Source | 6,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 1,196,000,000Source | 1,102,000,000Source | 1,040,000,000Source |
| Other Liabilities, NoncurrentUSD | 179,000,000Source | 140,000,000Source | 110,000,000Source |
| Additional Financial Items | |||
| Deferred Tax Liabilities, NetUSD | 1,173,000,000Source | 1,086,000,000Source | 1,034,000,000Source |
| Dividends PayableUSD | 104,000,000Source | 104,000,000Source | 0Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 433,000,000Source | 316,000,000Source | 442,000,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and AmortizationUSD | 247,000,000Source | 246,000,000Source | 244,000,000Source |
| Changes in operating assets and liabilities: | |||
| Increase (Decrease) in Accounts ReceivableUSD | -83,000,000Source | -101,000,000Source | 251,000,000Source |
| Increase (Decrease) in InventoriesUSD | -107,000,000Source | 50,000,000Source | -63,000,000Source |
| Deferred Income Tax Expense (Benefit)USD | 80,000,000Source | 59,000,000Source | 67,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 717,000,000Source | 529,000,000Source | 779,000,000Source |
| Cash flows from investing activities: | |||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -175,000,000Source | -80,000,000Source | 62,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 0Source | 1,000,000Source | 2,000,000Source |
| Cash flows from financing activities: | |||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -411,000,000Source | -307,000,000Source | -577,000,000Source |
| Dividends paid | — | — | — |
| Repayments of Long-term DebtUSD | 0Source | 4,722,000,000Source | 971,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 152,000,000Source | 135,000,000Source | 258,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 549,000,000Source | 397,000,000Source | 262,000,000Source |
| Supplemental disclosure of cash flow information: | |||
| Income Taxes Paid, NetUSD | 38,000,000Source | 49,000,000Source | 34,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 21,000,000Source | -7,000,000Source | -6,000,000Source |
| Additional Financial Items | |||
| Amortization of Debt Issuance Costs and DiscountsUSD | 10,000,000Source | 7,000,000Source | 9,000,000Source |
| Dividends PayableUSD | 104,000,000Source | 104,000,000Source | 0Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 36,000,000Source | -6,000,000Source | -26,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 52,000,000Source | 49,000,000Source | 50,000,000Source |
| Income Tax Expense (Benefit)USD | 64,000,000Source | 102,000,000Source | 120,000,000Source |
| InterestExpenseNonoperatingUSD | 331,000,000Source | 388,000,000Source | 220,000,000Source |
| Inventory Write-downUSD | 0Source | — | — |
| Operating Costs and ExpensesUSD | 719,000,000Source | 738,000,000Source | 710,000,000Source |
| Other Nonoperating Income (Expense)USD | 41,000,000Source | 12,000,000Source | 32,000,000Source |
| Proceeds from Issuance of Common StockUSD | 5,000,000Source | 9,000,000Source | 0Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 |
|---|---|---|
| Total RevenueUSD | 2,120,000,000Source | 2,005,000,000Source |
| Cost of RevenueUSD | 376,000,000Source | 351,000,000Source |
| Gross Profit (Calculated) · Derived | — | — |
| Operating Income (Loss)USD | — | 1,074,000,000Source |
| Other Nonoperating Income (Expense)USD | 12,000,000Source | 32,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 418,000,000Source | 562,000,000Source |
| Income Tax Expense (Benefit)USD | 102,000,000Source | 120,000,000Source |
| Earnings Per Share, BasicUSD per share | 1.52Source | 2.13Source |
| Earnings Per Share, DilutedUSD per share | 1.52Source | 2.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 207,600,000Source | 207,600,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 208,200,000Source | 207,600,000Source |
| Interest Expense (non-operating)USD | 388,000,000Source | 220,000,000Source |
| Additional Financial Items | ||
| Costs and ExpensesUSD | 1,375,000,000Source | 1,305,000,000Source |
| Current Income Tax Expense (Benefit)USD | 43,000,000Source | 53,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 83,000,000Source | 100,000,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | 49,000,000Source | 50,000,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | -376,000,000Source | -188,000,000Source |
| Interest Income, OtherUSD | 41,000,000Source | 34,000,000Source |
| Operating Costs and ExpensesUSD | 738,000,000Source | 710,000,000Source |
| Other Cost and Expense, OperatingUSD | — | 0Source |
| Other IncomeUSD | — | 5,000,000Source |
Filing attachments
d86234dex991.htm · 6-K · 2026-04-02
Table of Contents Exhibit 99.1 Table of Contents 2026 Management Information Circular This management information circular (the “Circular”) has been prepared by the management of the Company (“Management”) for the holders (the “Shareholders”) of common shares (“Shares”) of South Bow Corporation (“South Bow” or the “Company”) in connection with South Bow’s Annual General Meeting of Shareholders to be held on May 7, 2026 at 8:00 a.m. Mountain time (the “Meeting”). References in this Circular …
Read attachment ↗d86234dex992.htm · 6-K · 2026-04-02
Exhibit 99.2 Notice of 2026 Annual General Meeting By Mail By Telephone Online www.southbow.com/investors/shareholder-meeting 1-866-732-VOTE (8683) Toll-free www.investorvote.com ───────────────────────────────────────────────────────────────────────────────────────────────────────────────── Date and Time May 7, 2026 at 8:00 a.m. Mountain time. Location The Meeting will be held virtually using the LUMI…
Read attachment ↗