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South Bow Corporation (SOBO)

Energy | Oil & Gas Midstream | Calgary, Canada | NYSE
31.30 USD -0.17 (-0.540%) ⇩ (April 21, 2026, 4 p.m. EDT)

Short-term:★★★★☆Long-term:★★★☆☆Dividends:★★☆☆☆
Hot Take | April 19, 2026, 1:19 a.m. EDT

South Bow Corporation presents a compelling risk/reward setup for a medium-term momentum play, riding a wave of building technical momentum and analyst upgrades. While the 6.2% yield is enticing, it is fundamentally a trap for long-term holders given the unsustainable 96.6% payout ratio and deteriorating long-term growth trajectory. The recent volume surge and favorable options positioning (heavy call OI at upside targets) suggest the immediate trend is up, offering a slightly better entry point despite the high valuation multiples relative to earnings.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.122663
MSTL0.131746
AutoETS0.132019
AutoARIMA0.152927

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 37%
H-stat 8.69
Ljung-Box p 0.000
Jarque-Bera p 0.031
Excess Kurtosis -0.90
Attribute Value
Sector Energy
Ex Dividend Date 2026-03-30
Last Dividend Date 2026-03-30
Debt to Equity Ratio 213.88
Revenue per Share 9.539
Market Cap 6,547,139,584
Trailing P/E 15.12
Forward P/E 15.76
Profit Margins 21.80%
Website https://www.southbow.com

As of April 19, 2026, 1:19 a.m. EDT: Options flow indicates a distinct bullish bias for the near term, with Calls heavily dominated by out-of-the-money (OTM) open interest at strikes 35.0 ($2M+ OI) and 40.0. This 'call buying in the alley' behavior suggests speculators are betting on a break above recent resistance levels. In contrast, Put positioning is weak with the majority of OI resting at very low strikes (22.5, 25.0), indicating low hedging demand and a belief that downside risk is limited below current levels. Implied Volatility is elevated across the board, supporting a bullish momentum charge.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.50% 3.46%
Dividend History
Date Dividend Yield %
2026-03-31 0.5 1.500600
2025-06-30 0.5 1.958337
2025-03-31 0.5 2.027358
2024-12-31 0.5 2.237808
Additional Data
dividendRate 2.0
dividendYield 6.39
exDividendDate 2026-03-31
trailingAnnualDividendRate 2.0
trailingAnnualDividendYield 0.06355259
lastDividendValue 0.5
lastDividendDate 2026-03-31
dividendDate 2026-04-15

Info Dump

Attribute Value
52 Week Change 0.26209676
Address1 707 - 5 Street SW
Address2 Suite 900
All Time High 34.9
All Time Low 21.12
Ask 0.0
Ask Size 800
Audit Risk 2
Average Analyst Rating 3.2 - Hold
Average Daily Volume10 Day 973,160
Average Daily Volume3 Month 972,229
Average Volume 972,229
Average Volume10Days 973,160
Bid 0.0
Bid Size 600
Board Risk 1
Book Value 13.008
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 31.3
Current Ratio 1.503
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 31.6
Day Low 31.04
Debt To Equity 213.88
Display Name South Bow
Dividend Date 1,776,211,200
Dividend Rate 2.0
Dividend Yield 6.39
Earnings Call Timestamp End 1,778,248,800
Earnings Call Timestamp Start 1,778,248,800
Earnings Growth 1.83
Earnings Quarterly Growth 1.836
Earnings Timestamp 1,778,184,000
Earnings Timestamp End 1,778,184,000
Earnings Timestamp Start 1,778,184,000
Ebitda 971,000,000
Ebitda Margins 0.48891997
Enterprise To Ebitda 12.125
Enterprise To Revenue 5.928
Enterprise Value 11,772,899,328
Eps Current Year 1.75199
Eps Forward 1.98607
Eps Trailing Twelve Months 2.07
Esg Populated 0
Ex Dividend Date 1,774,915,200
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 32.513
Fifty Day Average Change -1.2130013
Fifty Day Average Change Percent -0.03730819
Fifty Two Week Change Percent 26.209677
Fifty Two Week High 34.9
Fifty Two Week High Change -3.6000023
Fifty Two Week High Change Percent -0.103151925
Fifty Two Week Low 24.335
Fifty Two Week Low Change 6.965
Fifty Two Week Low Change Percent 0.28621328
Fifty Two Week Range 24.335 - 34.9
Financial Currency USD
First Trade Date Milliseconds 1,727,962,200,000
Float Shares 208,160,751
Forward Eps 1.98607
Forward P E 15.759766
Free Cashflow 257,224,992
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.49043
Gross Profits 974,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.00082
Held Percent Institutions 0.64876
Implied Shares Outstanding 209,173,795
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 1,774,915,200
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 6,547,139,584
Market State PRE
Max Age 86,400
Message Board Id finmb_1878370658
Most Recent Quarter 1,767,139,200
Net Income To Common 433,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 6,546,244,444
Number Of Analyst Opinions 9
Open 31.56
Operating Cashflow 717,000,000
Operating Margins 0.40557
Overall Risk 1
Payout Ratio 0.96620005
Phone 800 242 3447
Previous Close 31.47
Price Eps Current Year 17.865398
Price Hint 2
Price To Book 2.4062114
Price To Sales Trailing12 Months 3.2966464
Profit Margins 0.21802999
Quick Ratio 1.292
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 3.15789
Region US
Regular Market Change -0.17
Regular Market Change Percent -0.540197
Regular Market Day High 31.6
Regular Market Day Low 31.04
Regular Market Day Range 31.04 - 31.6
Regular Market Open 31.56
Regular Market Previous Close 31.47
Regular Market Price 31.3
Regular Market Time 1,776,801,602
Regular Market Volume 639,914
Return On Assets 0.04018
Return On Equity 0.16281
Revenue Growth 0.031
Revenue Per Share 9.539
Sand P52 Week Change 0.3140242
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 1
Shares Outstanding 208,559,099
Shares Percent Shares Out 0.0639
Shares Short 7,370,376
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 6,600,102
Short Name South Bow Corporation
Short Ratio 12.99
Source Interval 15
State AB
Symbol SOBO
Target High Price 35.163
Target Low Price 27.0
Target Mean Price 31.57367
Target Median Price 32.0
Total Cash 549,000,000
Total Cash Per Share 2.632
Total Debt 5,793,999,872
Total Revenue 1,986,000,000
Tradeable 0
Trailing Annual Dividend Rate 2.0
Trailing Annual Dividend Yield 0.06355259
Trailing Eps 2.07
Trailing P E 15.120773
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 28.5535
Two Hundred Day Average Change 2.7465
Two Hundred Day Average Change Percent 0.09618786
Type Disp Equity
Volume 639,914
Website https://www.southbow.com
Zip T2P 1V8