South Bow Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Bevin Mark Wirzba
- Full Time Employees
- 536
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- 707 - 5 Street SW Calgary AB Canada T2P 1V8
- IPO Date
- Oct 8, 2024
- CIK
- 0002019061
- Website
- southbow.com
- Similar Companies
- Business
- South Bow Corporation (SOBO:TSX, SOBO:NYSE) operates as an energy infrastructure company focused on the transportation and storage of crude oil. The company owns and operates approximately 4,900 kilometres of pipeline infrastructure, including the Keystone Pipeline System, which transports crude oil from Hardisty, Alberta, to refining and demand markets in the U.S. Midwest, Illinois, Oklahoma, and Gulf Coast; the Intra-Alberta pipelines segment, comprising the Grand Rapids Pipeline and White Spruce Pipeline, which provide crude oil transportation from Alberta's oil sands region to terminals in the Edmonton and Heartland refining and market regions; and a marketing segment offering crude oil marketing services, including transportation, storage, logistics, and ancillary terminal storage services. South Bow serves producers, refiners, and marketers in the North American energy sector, with operations spanning Canada and the United States. Incorporated in 2023 and headquartered at 707 - 5th Street SW, Suite 900, Calgary, Alberta, Canada, South Bow was spun off from TC Energy Corporation on October 1, 2024, following shareholder approval in June 2024 and the establishment of a CAD 7.9 billion independent debt capital structure, including senior notes and a CAD 2.0 billion revolving credit facility. Recent developments include the achievement of mechanical completion on the CAD 1.2 billion Blackrod Connection Project, a Keystone Pipeline expansion featuring a 6-mile crude oil pipeline and 16-mile natural gas lateral to connect International Petroleum's Blackrod project to the Grand Rapids Pipeline, with final activities on track for commercial service in early 2026 and expected incremental annual cash flows of CAD 150 million; a 2025 pipeline rupture response at milepost 171 demonstrating operational resilience with a 7-day restart and CAD 58 million in largely insured costs; the transition to a new supervisory control and data acquisition (SCADA) system in Q4 2025, completing exit from the transition services agreement with TC Energy; and deleveraging efforts targeting 4.5x net debt/EBITDA by 2027 amid 90% contract-backed EBITDA stability.
Company News
486,641 Shares in South Bow Corporation $SOBO Bought by BlackRock Inc.
First Trust Advisors LP Acquires New Stake in South Bow Corporation $SOBO
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South Bow Q1 Earnings Call Highlights
South Bow Corporation (SOBO:CA) Q1 2026 Earnings Call Transcript
South Bow working to secure required permitting for Canada-US oil pipeline proposal
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South Bow Announces Approval of Resolutions at Annual General Meeting of Shareholders
South Bow Reports First-quarter 2026 Results and Declares Dividend
South Bow Corporation (SOBO:CA) Shareholder/Analyst Call Prepared Remarks Transcript
South Bow Corporation (SOBO) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
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South Bow: Nice Company, Solid Assets, But Wrong Time To Buy
South Bow Announces Timing of First-quarter 2026 Results, Conference Call and Webcast, and Annual General Meeting