# South Bow Corp: overview

SOBO · NYSE · CIK 2019061 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/sobo.md) · [Financials](/companies/sobo/financials.md) · [Filings](/companies/sobo/filings.md) · [Insiders](/companies/sobo/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: |
| Revenue | $m | [2,005](/filings/0001628280-25-010681.md) | [2,120](/filings/0002019061-26-000006.md) | [1,986](/filings/0002019061-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported |
| Operating margin | % | [53.6%](/filings/0001628280-25-010681.md) | [51.5%](/filings/0001628280-25-010681.md) | not reported |
| Net margin | % | [22.0%](/filings/0001628280-25-010681.md) | [14.9%](/filings/0002019061-26-000006.md) | [21.8%](/filings/0002019061-26-000006.md) |
| Diluted EPS | $ per share | [2.13](/filings/0001628280-25-010681.md) | [1.52](/filings/0002019061-26-000006.md) | [2.07](/filings/0002019061-26-000006.md) |
| Free cash flow | $m | [732](/filings/0001628280-25-010681.md) | [388](/filings/0002019061-26-000006.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/sobo/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $771.3m | 21,894,771 |  | Added +12,223,172 |
| [ROYAL BANK OF CANADA](/funds/1000275.md) | 2026-06-30 | $513.4m | 14,568,356 |  | Reduced −1,835,027 |
| [Clearbridge Investments, LLC](/funds/1348883.md) | 2026-06-30 | $312.1m | 8,855,108 |  | Added +185,151 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $213.1m | 6,048,601 |  | Added +80,602 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $195.5m | 5,554,724 |  | Reduced −1,038,025 |
| [THORNBURG INVESTMENT MANAGEMENT INC](/funds/1145020.md) | 2026-06-30 | $131.0m | 3,721,332 |  | Added +88,457 |
| [MACKENZIE FINANCIAL CORP](/funds/919859.md) | 2026-06-30 | $126.7m | 2,535,573 |  | Added +2,039,298 |
| [CIBC WORLD MARKET INC.](/funds/1421224.md) | 2026-06-30 | $119.8m | 3,403,902 |  | Reduced −35,358 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $107.2m | 3,043,017 |  | Added +128,403 |
| [Connor, Clark & Lunn Investment Management Ltd.](/funds/1596800.md) | 2026-06-30 | $97.8m | 2,779,943 |  | Reduced −13,614 |

## Recent filings

[All 82 filings](/companies/sobo/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-07 | 21:06 ET | [6-K](/filings/0001171843-26-006504.md) | Report of a foreign private issuer, period 2026-10-07 | 0001171843-26-006504 |
| 2026-08-05 | 21:12 ET | [6-K](/filings/0002019061-26-000032.md) | Report of a foreign private issuer, period 2026-06-30 | 0002019061-26-000032 |
| 2026-08-05 | 21:02 ET | [6-K](/filings/0002019061-26-000031.md) | Report of a foreign private issuer, period 2026-06-30 | 0002019061-26-000031 |
| 2026-08-05 | 21:01 ET | [6-K](/filings/0001171843-26-005254.md) | Report of a foreign private issuer, period 2026-08-05 | 0001171843-26-005254 |
| 2026-07-08 | 21:00 ET | [6-K](/filings/0001171843-26-004539.md) | Report of a foreign private issuer, period 2026-07-08 | 0001171843-26-004539 |
| 2026-05-29 | 11:30 ET | [6-K](/filings/0001171843-26-003774.md) | Report of a foreign private issuer, period 2026-05-29 | 0001171843-26-003774 |
| 2026-05-08 | 21:32 ET | [6-K](/filings/0002019061-26-000024.md) | Report of a foreign private issuer, period 2026-03-31 | 0002019061-26-000024 |
| 2026-05-07 | 21:01 ET | [6-K](/filings/0002019061-26-000021.md) | Report of a foreign private issuer, period 2026-03-31 | 0002019061-26-000021 |
| 2026-05-07 | 21:01 ET | [6-K](/filings/0001171843-26-003166.md) | Report of a foreign private issuer, period 2026-05-07 | 0001171843-26-003166 |
| 2026-05-07 | 21:00 ET | [6-K](/filings/0001171843-26-003165.md) | Report of a foreign private issuer, period 2026-05-07 | 0001171843-26-003165 |

## Latest annual report

[Form 40-F for the fiscal year ended Dec 31, 2025](/filings/0002019061-26-000006.md), filed Mar 16, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 2019061
- Tickers: SOBO
- Exchange: NYSE
- SIC code: 4610 Pipe Lines (No Natural Gas)
- State of incorporation: Z4
- Filer category: not reported

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. No prices; not investment advice.
