South Bow Corporation (FRA:R8M)

Germany flag Germany · Delayed Price · Currency is EUR
31.34
+0.52 (1.69%)
Last updated: Jun 3, 2026, 8:05 AM CET
Market Cap6.59B +37.2%
Revenue (ttm)1.72B -4.6%
Net Income366.00M +44.5%
EPS1.75 +44.2%
Shares Out n/a
PE Ratio18.01
Forward PE20.54
Dividend1.72 (5.57%)
Ex-Dividend DateMar 31, 2026
Volumen/a
Open31.34
Previous Close30.82
Day's Range31.34 - 31.34
52-Week Range21.60 - 33.00
Betan/a
Analystsn/a
Price Targetn/a
Earnings DateMay 7, 2026

About South Bow

South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company’s main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast. The Marketing segment provides crude oil marketing services, including transportation, storage, and logistics, and engages in physical cru... [Read more]

Industry Pipelines, Except Natural Gas
Founded 2023
Country Canada
Stock Exchange Frankfurt Stock Exchange
Ticker Symbol R8M

Financial Performance

In 2025, South Bow's revenue was $1.99 billion, a decrease of -6.32% compared to the previous year's $2.12 billion. Earnings were $433.00 million, an increase of 37.03%.

Financial numbers in USD Financial Statements

News

South Bow Slides: Corporate presentation

South Bow has posted slides in relation to its latest quarterly earnings report, which was published on June 1, 2026.

2 days ago - Filings

South Bow targets 2027 decision on Canada-US oil pipeline revival

Canada's South ‌Bow will decide whether to proceed with its proposed partial revival of the Keystone XL oil pipeline by mid-2027, the company said on Friday, as it announced it has secured the shipper...

5 days ago - Reuters

South Bow secures 20-year binding commitments for firm transportation service

South Bow (SOBO) announced the successful outcome of its open season, which closed on March 30, securing 20-year binding commitments for firm transportation service from Hardisty, Alta., to U.S. deliv...

5 days ago - TheFly

South Bow Announces Successful Open Season

CALGARY, Alberta, May 29, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces the successful outcome of its open season, which closed on March 30, 2026, se...

5 days ago - GlobeNewsWire

South Bow price target raised to C$57 from C$53 at Jefferies

Jefferies raised the firm’s price target on South Bow (SOBO) to C$57 from C$53 and keeps a Buy rating on the shares. The firm updated its assumptions on the SOBO…

5 days ago - TheFly

Canada's South Bow delays Keystone XL restart until US permit assured

South Bow will not ​proceed with a partial revival of ‌the Keystone XL pipeline until it has proof that a U.S. presidential permit is "durable," ​the pipeline operator's CEO, Bevin Wirzba, ​said on Th...

5 days ago - Reuters

South Bow price target raised to $36 from $33 at CIBC

CIBC analyst Robert Catellier raised the firm’s price target on South Bow (SOBO) to $36 from $33 and keeps a Neutral rating on the shares. The firm updated models in…

8 days ago - TheFly

South Bow price target raised to $34 from $33 at Barclays

Barclays raised the firm’s price target on South Bow (SOBO) to $34 from $33 and keeps an Equal Weight rating on the shares. The firm says its meetings with midstream…

13 days ago - TheFly

South Bow Q1 Earnings Call Highlights

South Bow NYSE: SOBO reported first-quarter 2026 results that management said were supported by stable cash flows, strong system operations and continued progress on key capital and integrity initiati...

19 days ago - MarketBeat

South Bow price target raised to C$49 from C$48 at RBC Capital

RBC Capital raised the firm’s price target on South Bow (SOBO) to C$49 from C$48 and keeps an Outperform rating on the shares.

22 days ago - TheFly

South Bow price target raised to C$47 from C$44 at TD Securities

TD Securities analyst Aaron MacNeil raised the firm’s price target on South Bow (SOBO) to C$47 from C$44 and keeps a Hold rating on the shares.

25 days ago - TheFly

South Bow price target raised to $36 from $34 at Scotiabank

Scotiabank analyst Robert Hope raised the firm’s price target on South Bow (SOBO) to $36 from $34 and keeps a Sector Perform rating on the shares. A lower than expected

25 days ago - TheFly

South Bow price target raised to C$49 from C$45 at BMO Capital

BMO Capital analyst Ben Pham raised the firm’s price target on South Bow (SOBO) to C$49 from C$45 and keeps a Market Perform rating on the shares. Published first on

25 days ago - TheFly

South Bow working to secure required permitting for Canada-US oil pipeline proposal

Canadian crude oil pipeline company South Bow said on Friday it is ​beginning efforts to obtain required permits across ‌the U.S. route of its Prairie Connector project.

26 days ago - Reuters

South Bow Earnings Call Transcript: Q1 2026

Q1 2026 saw strong operational and financial performance, with stable cash flows and progress on strategic projects. Guidance for 2026 was reaffirmed, and leverage remains on track to improve as Blackrod ramps up. Prairie Connector and regional expansions hinge on regulatory clarity and disciplined risk management.

26 days ago - Transcripts

South Bow Earnings release: Q1 2026

South Bow released its Q1 2026 earnings on May 8, 2026, summarizing the period's financial results.

26 days ago - Filings

South Bow Announces Approval of Resolutions at Annual General Meeting of Shareholders

CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) announces that its shareholders approved all resolutions at the Company's annual genera...

26 days ago - GlobeNewsWire

South Bow Reports First-quarter 2026 Results and Declares Dividend

CALGARY, Alberta, May 07, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) reports its first-quarter 2026 financial and operational results. Unless otherwise note...

26 days ago - GlobeNewsWire

South Bow Slides: Corporate presentation

South Bow has posted slides in relation to its latest quarterly earnings report, which was published on May 7, 2026.

27 days ago - Filings

South Bow price target raised to C$44 from C$43 at TD Securities

TD Securities raised the firm’s price target on South Bow (SOBO) to C$44 from C$43 and keeps a Hold rating on the shares. Published first on TheFly – the ultimate

4 weeks ago - TheFly

South Bow price target raised to C$45 from C$44 at BMO Capital

BMO Capital analyst Ben Pham raised the firm’s price target on South Bow (SOBO) to C$45 from C$44 and keeps a Market Perform rating on the shares. Published first on

5 weeks ago - TheFly

South Bow initiated with a Sell at Goldman Sachs

Goldman Sachs analyst John Mackay initiated coverage of South Bow (SOBO) with a Sell rating and $29 price target The firm views the stock’s multiple expansion on Prairie Connector, the

6 weeks ago - TheFly

South Bow Announces Timing of First-quarter 2026 Results, Conference Call and Webcast, and Annual General Meeting

CALGARY, Alberta, April 09, 2026 (GLOBE NEWSWIRE) -- South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) will release its first-quarter 2026 financial and operational results after the close...

7 weeks ago - GlobeNewsWire

South Bow price target raised to C$39 from C$35 at Morgan Stanley

Morgan Stanley raised the firm’s price target on South Bow (SOBO) to C$39 from C$35 and keeps an Underweight rating on the shares. In the firm’s midstream and renewable energy

2 months ago - TheFly

South Bow price target raised to C$42 from C$40 at TD Securities

TD Securities raised the firm’s price target on South Bow (SOBO) to C$42 from C$40 and keeps a Hold rating on the shares. The firm updated the company’s model for

2 months ago - TheFly