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South Bow Corporation (TSX:SOBO)
Canada flag Canada · Delayed Price · Currency is CAD
51.50
+0.25 (0.49%)
May 19, 2026, 4:00 PM EST

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23
Keystone Pipeline System Segment Revenue
1.60B1.57B1.64B
Keystone Pipeline System Segment Revenue Growth
2.36%-4.75%5.59%
Marketing Segment Revenue
358.00M403.00M453.00M
Marketing Segment Revenue Growth
-11.17%-11.04%4.86%
Intra-Alberta & Other Segment Revenue
19.00M18.00M24.00M
Intra-Alberta & Other Segment Revenue Growth
5.56%-25.00%41.18%
Revenue (Total)
1.98B1.99B2.12B
Revenue (Total) Growth
-0.35%-6.32%5.74%

Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23
U.S. Revenue
-1.57B1.68B
U.S. Revenue Growth
--6.51%7.58%
Canada - Export Revenue
-401.00M427.00M
Canada - Export Revenue Growth
--6.09%-0.93%
Canada - Domestic Revenue
-19.00M18.00M
Canada - Domestic Revenue Growth
-5.56%5.88%
Revenue (Total)
1.98B1.99B2.12B
Revenue (Total) Growth
-0.35%-6.32%5.74%

EBITDA

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23
Keystone Pipeline System Segment Normalized EBITDA
968.00M970.00M1.03B
Keystone Pipeline System Segment Normalized EBITDA Growth
-0.21%-5.64%4.79%
Marketing Segment Normalized EBITDA
-17.00M-10.00M12.00M
Marketing Segment Normalized EBITDA Growth
---71.43%
Intra-Alberta & Other Segment Normalized EBITDA
62.00M62.00M51.00M
Intra-Alberta & Other Segment Normalized EBITDA Growth
-21.57%-
Operating Income (Other)
-316.00M-307.00M-346.00M
Operating Income (Total)
697.00M715.00M745.00M
Operating Income (Total) Growth
-2.52%-4.03%6.43%

EBT

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23
Keystone Pipeline System Income Before Income Taxes
763.00M741.00M778.00M
Keystone Pipeline System Income Before Income Taxes Growth
2.97%-4.76%13.25%
Marketing Income Before Income Taxes
-4.00M27.00M6.00M
Marketing Income Before Income Taxes Growth
-350.00%-68.42%
Intra-Alberta & Other Income Before Income Taxes
-276.00M-271.00M-366.00M

Capital Expenditures

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
Dec '25 Dec '24 Dec '23
Keystone Pipeline System Capital Expenditures
36.00M35.00M
Keystone Pipeline System Capital Expenditures Growth
2.86%-12.50%
Intra-Alberta & Other Capital Expenditures
152.00M106.00M
Intra-Alberta & Other Capital Expenditures Growth
43.40%1666.67%

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
Dec '25 Dec '24 Dec '23
Keystone Pipeline System Operating Factor (SOF)
94.00%95.00%
Keystone Pipeline Throughput (Mbbl/d)
584.00626.00
Keystone Pipeline Throughput (Mbbl/d) Growth
-6.71%5.21%
U.S. Gulf Coast Segment of Keystone Pipeline System Throughput (Mbbl/d)
718.00795.00
U.S. Gulf Coast Segment of Keystone Pipeline System Throughput (Mbbl/d) Growth
-9.69%14.55%
Marketlink Throughput (Mbbl/d)
563.00614.00
Marketlink Throughput (Mbbl/d) Growth
-8.31%14.34%
Updated May 7, 2026. Data Source: Fiscal.ai.