South Bow Corp
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Bevin Wirzba
- Full Time Employees
- 536
- Sector
- Industrial services
- Industry
- Oil & gas pipelines
- Address
- 707 - 5 Street SW Calgary AB Canada T2P 1V8
- IPO Date
- Sep 25, 2024
- Website
- southbow.com
- Similar Companies
- Business
- South Bow Corporation South Bow Corporation (SOBO.TO) operates as a critical energy infrastructure company that owns and operates an extensive network of liquids pipelines and facilities spanning approximately 4,900 kilometres across Canada and the United States, primarily transporting crude oil from western Canadian supplies, including Alberta's oil sands, to key refining markets in the U.S. Midwest and Gulf Coast; its core assets include the Keystone Pipeline System, which delivers hundreds of thousands of barrels daily under long-term take-or-pay contracts, alongside a Marketing segment providing crude oil marketing services such as transportation, storage, and logistics, and ancillary services like terminal storage. Headquartered in Calgary, Alberta, Canada, and incorporated in 2023, the company generates approximately 30% of its revenue in Canada and 70% in the U.S., serving producers and refiners in North America's high-demand energy corridor with a focus on safe, secure, and efficient delivery. South Bow originated as the Liquids Pipelines business spun off from TC Energy Corporation on October 1, 2024, marking its establishment as an independent publicly traded entity listed on the Toronto Stock Exchange and New York Stock Exchange. In recent developments, South Bow safely restarted the Keystone Pipeline following a prior incident, completed exchange offers for outstanding notes issued by its subsidiaries to optimize its capital structure, transitioned to a new supervisory control and data acquisition system by late 2025, and outlined an ambitious growth strategy at its November 2025 investor day to more than double enterprise value to over $30 billion within five years through $4 billion in organic investments, such as the Blackrod Connection Project linking new crude oil production to its Grand Rapids Pipeline System, and disciplined acquisitions of rival oil pipelines and terminals potentially valued at $3 billion to $8 billion, including evaluations of targets like Gibson Energy assets while engaging private equity divestitures.
Company News
South Bow: A 6% Yield With 20 Years Of Growth Potential
South Bow Corporation (SOBO) Upgraded to Buy: What Does It Mean for the Stock?
South Bow Announces Timing of Third-quarter 2026 Results and Conference Call and Webcast
South Bow Corporation (NYSE:SOBO) Stock Rated “Hold” by Wall Street Brokerages
486,641 Shares in South Bow Corporation $SOBO Bought by BlackRock Inc.
First Trust Advisors LP Acquires New Stake in South Bow Corporation $SOBO
South Bow Q2 Earnings Call Highlights
Compared to Estimates, South Bow Corporation (SOBO) Q2 Earnings: A Look at Key Metrics
South Bow Corporation (SOBO) Earnings Expected to Grow: Should You Buy?
South Bow Announces Timing of Second-quarter 2026 Results and Conference Call and Webcast
South Bow targets 2027 decision on Canada-US oil pipeline revival
South Bow Announces Successful Open Season
Canada's South Bow delays Keystone XL restart until US permit assured
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
South Bow Corporation (SOBO) Q1 Earnings and Revenues Miss Estimates
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