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South Bow Corporation (SOBO)
NYSE: SOBO · Real-Time Price · USD
33.17
+0.77 (2.38%)
At close: Apr 2, 2026, 4:00 PM EDT
33.45
+0.28 (0.84%)
After-hours: Apr 2, 2026, 7:36 PM EDT

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
Dec '25 Dec '24 Dec '23
Keystone Pipeline System Segment Revenue
1.57B1.64B
Keystone Pipeline System Segment Revenue Growth
-4.75%5.59%
Marketing Segment Revenue
403.00M453.00M
Marketing Segment Revenue Growth
-11.04%4.86%
Intra-Alberta & Other Segment Revenue
18.00M24.00M
Intra-Alberta & Other Segment Revenue Growth
-25.00%41.18%
Revenue (Total)
1.99B2.12B
Revenue (Total) Growth
-6.32%5.74%

Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
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)
1.99B2.12B
Revenue (Total) Growth
-6.32%5.74%

EBITDA

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
Dec '25 Dec '24 Dec '23
Keystone Pipeline System Segment Normalized EBITDA
970.00M1.03B
Keystone Pipeline System Segment Normalized EBITDA Growth
-5.64%4.79%
Marketing Segment Normalized EBITDA
-10.00M12.00M
Marketing Segment Normalized EBITDA Growth
--71.43%
Intra-Alberta & Other Segment Normalized EBITDA
62.00M51.00M
Intra-Alberta & Other Segment Normalized EBITDA Growth
21.57%-
Operating Income (Other)
-307.00M-346.00M
Operating Income (Total)
715.00M745.00M
Operating Income (Total) Growth
-4.03%6.43%

EBT

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023
Period Ending
Dec '25 Dec '24 Dec '23
Keystone Pipeline System Income Before Income Taxes
741.00M778.00M
Keystone Pipeline System Income Before Income Taxes Growth
-4.76%13.25%
Marketing Income Before Income Taxes
27.00M6.00M
Marketing Income Before Income Taxes Growth
350.00%-68.42%
Intra-Alberta & Other Income Before Income Taxes
-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 Dec 31, 2025. Data Source: Fiscal.ai.