SOBO
South Bow Corporation
NYSEUSDEQUITY
Energy
DELAYED
Neutral
+7/100
Last price
34.37
▲ 0.22 (0.64%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
34.15
Prev close
34.15
Day high
34.32
Day low
33.93
Volume
11.91K
Market cap
$7.17B
P/E (TTM)
15.62
52W range
25.02 – 39.02
Day trading desk
Gap from prior close
0.00%
Prior close 34.15
VWAP
34.09
+0.81% from price
Relative volume
0.01×
Quiet session
Session range
1.30%
33.93 – 34.37
Position in range
100%
Near session high
ATR (14D)
0.71
2.07% of price
Prior day high
34.56
PDH
Prior day low
33.68
PDL
Bid / ask spread
—
Quote not published
Session volume
7.28K
Avg 643.36K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+3.74%
+2.0%
1M
-9.05%
-10.3%
3M
-5.50%
-8.7%
6M
+2.63%
-12.1%
YTD
+25.12%
+11.3%
1Y
+18.80%
+3.3%
3Y
—
-81.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on SOBO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
150.18K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 29, 26 | Kvisle (Harold N.) Director of Issuer |
BUY | 1.00K | $33.31K | Direct |
| Sep 29, 26 | Kvisle (Harold N.) Director of Issuer |
BUY | 1.00K | $33.48K | Direct |
| Sep 28, 26 | Prior (Richard) Senior Officer of Issuer |
BUY | 3.00K | $102.00K | Direct |
| Sep 25, 26 | Prior (Richard) Senior Officer of Issuer |
BUY | 5.00K | $169.60K | Direct |
| Sep 24, 26 | Prior (Richard) Senior Officer of Issuer |
BUY | 5.00K | $171.25K | Direct |
| Sep 23, 26 | Kvisle (Harold N.) Director of Issuer |
BUY | 2.00K | $69.15K | Direct |
| Sep 1, 26 | Prior (Richard) Senior Officer of Issuer |
EXERCISE | 64.88K | $1.45M | Direct |
| Sep 1, 26 | Prior (Richard) Senior Officer of Issuer |
SELL | 64.88K | $2.45M | Direct |
| Jun 22, 26 | Salomone (Mary Patricia) Director of Issuer |
BUY | 250 | $8.93K | Direct |
| Jun 9, 26 | Muratta (Lori Michelle) Senior Officer of Issuer |
BUY | 1.10K | $39.60K | Direct |
| Mar 26, 26 | Joung (Chansoo) Director of Issuer |
BUY | 50.00K | $1.71M | Direct |
| Mar 10, 26 | Wirzba (Bevin Mark) Senior Officer of Issuer |
BUY | 22.06K | $736.39K | Direct |
| Mar 9, 26 | Dafoe (P Van R) Senior Officer of Issuer |
— | 117 | — | Direct |
| Mar 9, 26 | Prior (Richard) Senior Officer of Issuer |
EXERCISE | 50.84K | $994.65K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Dafoe (P Van R) |
Senior Officer of Issuer | 36.30K | Acquisition or disposition under a purchase/ownership plan |
Joung (Chansoo) |
Director of Issuer | 50.00K | Acquisition or disposition in the public market |
Kvisle (Harold N.) |
Director of Issuer | 33.00K | Acquisition or disposition in the public market |
Muratta (Lori Michelle) |
Senior Officer of Issuer | 35.60K | Acquisition or disposition in the public market |
Phillips (Robert Glenn) |
Director of Issuer | 2.00K | Acquisition or disposition in the public market |
Prior (Richard) |
Senior Officer of Issuer | 48.55K | Acquisition or disposition in the public market |
Salomone (Mary Patricia) |
Director of Issuer | 1.15K | Acquisition or disposition in the public market |
Salsman (Gary M) |
Senior Officer of Issuer | 3.25K | Acquisition or disposition under a purchase/ownership plan |
Trout (Blaine M.) |
Senior Officer of Issuer | 5.50K | Acquisition or disposition under a purchase/ownership plan |
Wirzba (Bevin Mark) |
Senior Officer of Issuer | 110.37K | Acquisition or disposition in the public market |
Fundamentals
Market cap$7.17B
Enterprise value$12.16B
Revenue (TTM)$2.00B
Gross profit$1.00B
EBITDA$1.00B
Net income$460.00M
EPS (TTM)$2.20
Free cash flow$337.98M
Total cash$726.00M
Total debt$5.76B
Book value / share$12.78
Shares outstanding208.59M
Float207.98M
Short % of float—
Dividend yield5.86%
Beta (5Y)0.99
Valuation & profitability ratios
Trailing P/E15.62
Forward P/E17.60
PEG ratio—
Price / sales—
Price / book2.69
EV / revenue6.08
EV / EBITDA12.14
Gross margin50.18%
Operating margin43.77%
Profit margin22.99%
Return on equity17.35%
Return on assets4.10%
Debt / equity216.10
Current ratio1.52
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Total revenue | $1.99B | $2.12B | $2.00B | -6.3% |
| Operating revenue | $1.87B | $2.12B | $2.00B | -11.7% |
| Cost of revenue | $560.00M | $622.00M | $595.00M | -10.0% |
| Gross profit | $1.43B | $1.50B | $1.41B | -4.8% |
| Total operating expense | $711.00M | $753.00M | $710.00M | -5.6% |
| Operating income | $715.00M | $745.00M | $700.00M | -4.0% |
| Net interest income | -$290.00M | -$376.00M | -$188.00M | +22.9% |
| Pre-tax income | $497.00M | $418.00M | $562.00M | +18.9% |
| Tax provision | $64.00M | $102.00M | $120.00M | -37.3% |
| Net income | $433.00M | $316.00M | $442.00M | +37.0% |
| Net income to common | $433.00M | $316.00M | $442.00M | +37.0% |
| Basic EPS | 1.52 | 1.52 | 2.13 | 0.0% |
| Diluted EPS | 1.52 | 1.52 | 2.13 | -0.1% |
| EBIT | $828.00M | $806.00M | $782.00M | +2.7% |
| EBITDA | $1.07B | $1.05B | $1.03B | +2.2% |
| Basic shares | 208.00M | 207.60M | 207.60M | +0.2% |
| Diluted shares | 208.20M | 208.20M | 207.60M | 0.0% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $549.00M | $397.00M | $262.00M | +38.3% |
| Cash & short-term investments | $549.00M | $397.00M | $262.00M | +38.3% |
| Accounts receivable | $1.11B | $1.19B | $1.34B | -7.0% |
| Inventory | $100.00M | $207.00M | $160.00M | -51.7% |
| Total current assets | $2.02B | $2.20B | $2.61B | -8.3% |
| Property, plant & equipment | $8.21B | $8.21B | $8.43B | +0.0% |
| Total assets | $11.19B | $11.33B | $12.03B | -1.2% |
| Total current liabilities | $1.34B | $1.76B | $2.08B | -23.9% |
| Long-term debt | $5.77B | $5.72B | $5.97B | +0.9% |
| Total debt | $5.79B | $5.74B | $5.97B | +0.9% |
| Total liabilities | $8.48B | $8.72B | $9.19B | -2.7% |
| Retained earnings | -$32.00M | -$49.00M | $0 | +34.7% |
| Shareholder equity | $2.71B | $2.61B | $2.84B | +3.8% |
| Working capital | $674.00M | $437.00M | $539.00M | +54.2% |
| Net tangible assets | $2.71B | $2.61B | $2.84B | +3.8% |
| Shares issued | 208.25M | 208.04M | 207.57M | +0.1% |
| Line item | 2025 | 2024 | 2023 | YoY |
|---|---|---|---|---|
| Net income | $433.00M | $316.00M | $442.00M | +37.0% |
| Depreciation & amortisation | $247.00M | $246.00M | $244.00M | +0.4% |
| Change in working capital | -$35.00M | -$62.00M | -$34.00M | +43.5% |
| Operating cash flow | $717.00M | $529.00M | $779.00M | +35.5% |
| Capital expenditure | -$178.00M | -$122.00M | -$37.00M | -45.9% |
| Investing cash flow | -$175.00M | -$80.00M | $62.00M | -118.8% |
| Dividends paid | -$416.00M | $0 | — | — |
| Financing cash flow | -$411.00M | -$307.00M | -$577.00M | -33.9% |
| Free cash flow | $539.00M | $407.00M | $742.00M | +32.4% |
| End cash position | $549.00M | $397.00M | $262.00M | +38.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $546.00M | $491.00M | $503.00M | $461.00M | $524.00M | +11.2% |
| Operating revenue | $545.00M | $490.00M | $512.00M | $336.00M | $522.00M | +11.2% |
| Cost of revenue | $126.00M | $138.00M | $128.00M | $144.00M | $142.00M | -8.7% |
| Gross profit | $420.00M | $353.00M | $375.00M | $317.00M | $382.00M | +19.0% |
| Total operating expense | $181.00M | $193.00M | $171.00M | $170.00M | $196.00M | -6.2% |
| Operating income | $239.00M | $160.00M | $204.00M | $147.00M | $186.00M | +49.4% |
| Net interest income | -$79.00M | -$73.00M | -$65.00M | -$75.00M | -$73.00M | -8.2% |
| Pre-tax income | $174.00M | $100.00M | $153.00M | $104.00M | $126.00M | +74.0% |
| Tax provision | $40.00M | $23.00M | -$3.00M | $11.00M | $30.00M | +73.9% |
| Net income | $134.00M | $77.00M | $156.00M | $93.00M | $96.00M | +74.0% |
| Net income to common | $134.00M | $77.00M | $156.00M | $93.00M | $96.00M | +74.0% |
| Basic EPS | 0.64 | 0.37 | 0.26 | 0.45 | 0.46 | +73.0% |
| Diluted EPS | 0.64 | 0.37 | 0.26 | 0.45 | 0.46 | +73.0% |
| EBIT | $258.00M | $184.00M | $236.00M | $188.00M | $207.00M | +40.2% |
| EBITDA | $323.00M | $248.00M | $294.00M | $252.00M | $270.00M | +30.2% |
| Basic shares | 208.60M | 208.30M | 208.00M | 208.20M | 208.20M | +0.1% |
| Diluted shares | 208.80M | 208.50M | 208.40M | 208.80M | 208.80M | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $726.00M | $599.00M | $549.00M | $501.00M | $452.00M | +21.2% |
| Cash & short-term investments | $726.00M | $599.00M | $549.00M | $501.00M | $452.00M | +21.2% |
| Accounts receivable | $1.07B | $977.00M | $1.11B | $1.09B | $1.12B | +9.2% |
| Inventory | $129.00M | $192.00M | $100.00M | $127.00M | $151.00M | -32.8% |
| Total current assets | $2.40B | $2.18B | $2.02B | $2.33B | $2.30B | +10.3% |
| Property, plant & equipment | $8.04B | $8.12B | $8.21B | $8.18B | $8.29B | -1.0% |
| Total assets | $11.38B | $11.24B | $11.19B | $11.46B | $11.48B | +1.3% |
| Total current liabilities | $1.58B | $1.44B | $1.34B | $1.71B | $1.79B | +9.1% |
| Long-term debt | $5.73B | $5.75B | $5.77B | $5.75B | $5.77B | -0.3% |
| Total debt | $5.73B | $5.75B | $5.79B | $5.75B | $5.77B | -0.3% |
| Total liabilities | $8.72B | $8.58B | $8.48B | $8.84B | $8.85B | +1.6% |
| Retained earnings | -$29.00M | -$59.00M | -$32.00M | -$84.00M | -$73.00M | +50.8% |
| Shareholder equity | $2.67B | $2.66B | $2.71B | $2.62B | $2.64B | +0.2% |
| Working capital | $825.00M | $733.00M | $674.00M | $615.00M | $505.00M | +12.6% |
| Net tangible assets | $2.67B | $2.66B | $2.71B | $2.62B | $2.64B | +0.2% |
| Shares issued | 208.59M | 208.58M | 208.25M | 208.25M | 208.22M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $134.00M | $77.00M | $156.00M | $93.00M | $96.00M | +74.0% |
| Depreciation & amortisation | $65.00M | $64.00M | $58.00M | $64.00M | $63.00M | +1.6% |
| Change in working capital | $81.00M | -$9.00M | $7.00M | -$15.00M | $23.00M | +1,000.0% |
| Operating cash flow | $255.00M | $186.00M | $194.00M | $204.00M | $194.00M | +37.1% |
| Capital expenditure | -$18.00M | -$27.00M | -$60.00M | -$52.00M | -$34.00M | +33.3% |
| Investing cash flow | -$18.00M | -$26.00M | -$60.00M | -$52.00M | -$31.00M | +30.8% |
| Dividends paid | -$104.00M | -$104.00M | -$104.00M | -$104.00M | -$104.00M | 0.0% |
| Financing cash flow | -$104.00M | -$97.00M | -$104.00M | -$103.00M | -$104.00M | -7.2% |
| Free cash flow | $237.00M | $159.00M | $134.00M | $152.00M | $160.00M | +49.1% |
| End cash position | $726.00M | $599.00M | $549.00M | $501.00M | $452.00M | +21.2% |
Options analytics
Put / call volume
0.04
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
35.00
+1.8% from spot
ATM implied vol
25.0%
Nearest strike to spot
Skew (10% OTM)
-25.0%
Calls bid over puts
Call volume
67
Contracts, this expiry
Put volume
3
Contracts, this expiry
Heaviest call OI
40.00
3.45K contracts
Heaviest put OI
35.00
11 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.43 | 0.50 | +15.3% |
| Mar 2026 | 0.43 | 0.44 | +3.4% |
| Dec 2025 | 0.40 | 0.61 | +52.3% |
| Sep 2025 | 0.38 | 0.47 | +22.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.43 | 9 | $467.48M | +1.4% |
| Next quarter | 0.44 | 9 | $495.14M | -1.6% |
| Current year | 1.82 | 12 | $1.99B | +0.1% |
| Next year | 1.95 | 12 | $2.02B | +1.7% |
Analyst targets & ownership
Mean target$35.44
High target$39.09
Low target$32.00
Implied upside3.12%
Analyst count7
ConsensusBUY
Strong buy / Buy2 / 2
Hold3
Sell / Strong sell0 / 0
Held by insiders0.07%
Held by institutions65.74%
Institutions holding438
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
33.85
+1.54% from price
SMA 20
34.67
-0.88% from price
SMA 50
36.06
-4.70% from price
SMA 100
36.47
-5.77% from price
SMA 200
33.82
+1.63% from price
EMA 12
34.24
+0.39% from price
EMA 26
34.97
-1.71% from price
EMA 50
35.59
-3.43% from price
RSI (14)
42.1
Neutral
MACD (12,26,9)
-0.73
Hist 0.04
ATR (14)
0.71
2.07% of price
Realised vol 30D
18.7%
Annualised
Bollinger upper
36.61
20, 2σ
Bollinger lower
32.74
20, 2σ
50 / 200 cross
Golden
36.06 vs 33.82
Trend bias
Above 200
+1.63%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.13
Less volatile than market
Correlation to SPY
-0.08
Largely independent
Realised vol 30D
18.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-14.3%
Peak to trough
Max drawdown 5Y
-20.2%
Peak to trough
ATR 14
0.71
2.07% of price
Beta (reported)
0.99
5Y monthly, from filing
Short interest
Shares short
11.11M
Prior 11.28M
Change vs prior
-1.4%
Shorts covering
% of float
—
—
% of shares out
5.33%
Against total outstanding
Days to cover
18.2
Crowded exit
Float
207.98M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 7, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 21, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| May 26, 26 | CIBC | MAINTAINED | Neutral | Neutral |
| May 21, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 8, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Apr 20, 26 | Goldman Sachs | INITIATED | — | Sell |
| Mar 9, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Mar 6, 26 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Jan 14, 26 | Wolfe Research | DOWNGRADE | Peer Perform | Underperform |
| Dec 8, 25 | Barclays | INITIATED | — | Equal-Weight |
| Oct 20, 25 | Scotiabank | MAINTAINED | Sector Perform | Sector Perform |
| Aug 21, 25 | JP Morgan | DOWNGRADE | Neutral | Underweight |
Dividends & splits
Forward rate$2.00 / yr
Forward yield5.86%
5-year avg yield—
Payout ratio90.91%
Ex-dividend dateSep 29, 2026
Next pay dateOct 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-05
Corporate Changes & Voting Matters
6-K · 2026-07-08
Annual report of employee stock purchase
11-K · 2026-06-29
Corporate Changes & Voting Matters
6-K · 2026-05-29
Corporate Changes & Voting Matters
6-K · 2026-05-08
Corporate Changes & Voting Matters
6-K · 2026-05-07
Corporate Changes & Voting Matters
6-K · 2026-04-09
Corporate Changes & Voting Matters
6-K · 2026-04-02
Headlines
Is South Bow (TSX:SOBO) Cheap On Raised Cash Flow Guidance?
Simply Wall St. · 3d ago
Higher Cash Flow and Steady Dividend Could Be A Game Changer For South Bow (TSX:SOBO)
Simply Wall St. · 4d ago
South Bow (SOBO): Pipeline Operator Cashes In On Global Crude Chaos
Insider Monkey · 20d ago
South Bow (TSX:SOBO) On Strong Earnings And New Contracts While Fair Value Stays In View
Simply Wall St. · 54d ago
South Bow (SOBO) Q2 2026 Earnings Call Transcript
Motley Fool · 56d ago
South Bow Q2 Earnings Call Highlights
MarketBeat · 59d ago
South Bow Corp (SOBO) (Q2 2026) Earnings Call Highlights: Record Customer Commitments and ...
GuruFocus.com · 62d ago
South Bow Corporation Q2 2026 Earnings Call Summary
Moby · 62d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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