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South Bow Corporation (SOBO)

Energy | Oil & Gas Midstream | Calgary, Canada | NYSE
37.23 USD +1.11 (3.073%) ⇧ (July 13, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take | July 11, 2026, 4:41 a.m. EDT

The immediate outlook is murky due to a severe disconnect between the company's aggressive capital allocation and its deteriorating financial health. While the 5.5% dividend yield is attractive on paper, the payout ratio of 99% signals that nearly every dollar of earnings is being distributed, leaving no cushion for operational volatility or growth. This is exacerbated by negative earnings growth (-12%) and a massive debt load relative to equity, which creates a fragile balance sheet in the volatile energy sector. Technically, the stock is hovering near its 50-day moving average, showing indecision rather than a clear breakout. The options market confirms this hesitation, with traders buying protection at lower levels while offering very little upside exposure. Although the statistical model suggests a slight upward drift over the next month, this is likely noise given the fundamental headwinds. The recent news of regulatory penalties adds further uncertainty to the midstream operations. Until the debt burden is reduced and earnings growth turns positive, the risk of a 'value trap'—where the high yield masks a declining business—outweighs the potential for a rally.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.041622
MSTL0.047143
AutoETS0.049814
AutoARIMA0.049898

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 52%
H-stat 0.21
Ljung-Box p 0.000
Jarque-Bera p 0.478
Excess Kurtosis -0.34
Attribute Value
Sector Energy
Ex Dividend Date 2026-06-29
Last Dividend Date 2026-06-29
Debt to Equity Ratio 217.061
Revenue per Share 9.503
Market Cap 7,765,605,376
Trailing P/E 18.43
Forward P/E 19.00
Profit Margins 21.32%
Website https://www.southbow.com

As of July 11, 2026, 4:41 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest at lower strikes ($30-$35), creating a significant floor. Call activity is sparse and concentrated at out-of-the-money strikes ($40), suggesting limited bullish conviction despite some recent price strength. Implied volatility is elevated on near-term puts, indicating fear of a downside correction.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.42% 2.92%
Dividend History
Date Dividend Yield %
2026-06-30 0.5 1.418842
2026-03-31 0.5 1.500600
2025-06-30 0.5 1.929757
2025-03-31 0.5 1.959248
2024-12-31 0.5 2.121341
Additional Data
dividendRate 2.0
dividendYield 5.37
exDividendDate 2026-06-30
trailingAnnualDividendRate 2.0
trailingAnnualDividendYield 0.055370986
lastDividendValue 0.5
lastDividendDate 2026-06-30
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change 0.3922962
Address1 707 - 5 Street SW
Address2 Suite 900
All Time High 38.45
All Time Low 21.12
Ask 0.0
Ask Size 300
Audit Risk 2
Average Analyst Rating 3.1 - Hold
Average Daily Volume10 Day 1,025,390
Average Daily Volume3 Month 964,181
Average Volume 964,181
Average Volume10Days 1,025,390
Bid 36.8
Bid Size 1,000
Board Risk 1
Book Value 12.757
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 4
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 37.23
Current Ratio 1.508
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 37.45
Day Low 36.47
Debt To Equity 217.061
Display Name South Bow
Dividend Date 1,784,073,600
Dividend Rate 2.0
Dividend Yield 5.37
Earnings Call Timestamp End 1,786,046,400
Earnings Call Timestamp Start 1,786,046,400
Earnings Growth -0.12
Earnings Quarterly Growth -0.125
Earnings Timestamp 1,785,960,000
Earnings Timestamp End 1,785,960,000
Earnings Timestamp Start 1,785,960,000
Ebitda 953,000,000
Ebitda Margins 0.48156
Enterprise To Ebitda 13.581
Enterprise To Revenue 6.54
Enterprise Value 12,942,605,312
Eps Current Year 1.75605
Eps Forward 1.95944
Eps Trailing Twelve Months 2.02
Esg Populated 0
Ex Dividend Date 1,782,777,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 36.3338
Fifty Day Average Change 0.8961983
Fifty Day Average Change Percent 0.02466569
Fifty Two Week Change Percent 39.229618
Fifty Two Week High 38.45
Fifty Two Week High Change -1.2200012
Fifty Two Week High Change Percent -0.03172955
Fifty Two Week Low 25.015
Fifty Two Week Low Change 12.215
Fifty Two Week Low Change Percent 0.48830703
Fifty Two Week Range 25.015 - 38.45
Financial Currency USD
First Trade Date Milliseconds 1,727,962,200,000
Float Shares 208,186,230
Forward Eps 1.95944
Forward P E 19.000326
Free Cashflow 275,100,000
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.48156
Gross Profits 953,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00072999997
Held Percent Institutions 0.67537004
Implied Shares Outstanding 208,584,627
Industry Oil & Gas Midstream
Industry Disp Oil & Gas Midstream
Industry Key oil-gas-midstream
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,777,600
Last Dividend Value 0.5
Last Fiscal Year End 1,767,139,200
Long Business Summary 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 crude oil trading and hedging activities. The Intra-Alberta & Other segment comprises pipelines such as the Grand Rapids Pipeline and White Spruce Pipeline, offering crude oil transportation from Alberta's oil sands to refining and market regions, and includes corporate and financing activities. The company also operates 4,900 kilometres of crude oil pipeline infrastructure connecting Alberta crude oil supplies to the U.S. refining markets in the U.S. Midwest and Gulf Coast. In addition, the company offers ancillary services, including storage at terminals. The company was incorporated in 2023 and is based in Calgary, Canada.
Long Name South Bow Corporation
Market us_market
Market Cap 7,765,605,376
Market State PRE
Max Age 86,400
Message Board Id finmb_1878370658
Most Recent Quarter 1,774,915,200
Net Income To Common 422,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 7,736,892,623
Number Of Analyst Opinions 8
Open 36.63
Operating Cashflow 778,000,000
Operating Margins 0.32790002
Overall Risk 1
Payout Ratio 0.9901
Phone 800 242 3447
Pre Market Change 0.77000046
Pre Market Change Percent 2.0682259
Pre Market Price 38.0
Pre Market Time 1,784,029,711
Previous Close 36.12
Price Eps Current Year 21.20099
Price Hint 2
Price To Book 2.9183977
Price To Sales Trailing12 Months 3.9240046
Profit Margins 0.21324
Quick Ratio 1.091
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.1
Region US
Regular Market Change 1.11
Regular Market Change Percent 3.07309
Regular Market Day High 37.45
Regular Market Day Low 36.47
Regular Market Day Range 36.47 - 37.45
Regular Market Open 36.63
Regular Market Previous Close 36.12
Regular Market Price 37.23
Regular Market Time 1,783,972,802
Regular Market Volume 880,260
Return On Assets 0.03926
Return On Equity 0.16043
Revenue Growth -0.014
Revenue Per Share 9.503
Sand P52 Week Change 0.20365608
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 1
Shares Outstanding 208,584,627
Shares Percent Shares Out 0.037
Shares Short 7,994,593
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 7,433,823
Short Name South Bow Corporation
Short Ratio 7.6
Source Interval 15
State AB
Symbol SOBO
Target High Price 36.0
Target Low Price 30.0
Target Mean Price 33.34375
Target Median Price 34.0
Total Cash 599,000,000
Total Cash Per Share 2.872
Total Debt 5,776,000,000
Total Revenue 1,979,000,064
Tradeable 0
Trailing Annual Dividend Rate 2.0
Trailing Annual Dividend Yield 0.055370986
Trailing Eps 2.02
Trailing P E 18.430693
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 31.0034
Two Hundred Day Average Change 6.2265987
Two Hundred Day Average Change Percent 0.20083599
Type Disp Equity
Volume 880,260
Website https://www.southbow.com
Zip T2P 1V8