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South Bow Corp (TSE:SOBO)
TSX:SOBO
Canadian Market
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South Bow Corp (SOBO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 05, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
0.53
Last Year’s EPS
0.76
Same Quarter Last Year
Based on 9 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 13, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
South Bow demonstrated stable earnings and executed key projects successfully, achieving tax optimization benefits and resolving legal issues. However, operational challenges remain, particularly with Keystone's pressure restrictions and ongoing remedial actions, which may impact future earnings.
Company Guidance
During South Bow's third quarter 2025 earnings call, the company provided guidance highlighting several key metrics. The company reported normalized EBITDA of $250 million for the quarter, with expectations for the full year 2025 to reach $1.01 billion. Distributable cash flow was noted at $236 million, benefiting from a $71 million tax recovery, leading to a revised outlook of approximately $700 million for the year. Looking ahead to 2026, South Bow forecasts normalized EBITDA of $1.03 billion, with distributable cash flow expected to be around $655 million. The company emphasized its strategic priorities, including maintaining safe operations, executing on its growth portfolio, and optimizing capital allocation. The Blackrod project was a focal point, with the company achieving mechanical completion and remaining on schedule for service in early 2026. Additionally, South Bow is focused on exiting transition services with TC Energy by the end of 2025, which is expected to enhance efficiencies and reduce costs. The company's board approved a quarterly dividend of $0.50 per share, underscoring its commitment to shareholder returns.
Stable Earnings and Financial Strength
South Bow reported a normalized EBITDA of $250 million and distributable cash flow of $236 million in Q3 2025, with a full-year forecast for normalized EBITDA reaffirmed at $1.01 billion.
Successful Execution of Blackrod Project
The Blackrod project achieved overall mechanical completion and placed a 25-kilometer natural gas lateral into service on schedule and within budget.
Dividend and Shareholder Returns
The Board approved a quarterly dividend of $0.50 per share, reinforcing the importance of dividends in South Bow's total return proposition.
Tax Optimization Wins
A $71 million tax recovery was achieved due to changes in U.S. tax legislation and optimization efforts, improving distributable cash flow.
Indemnification and Legal Resolution
Legal proceedings related to variable toll disputes were resolved, and South Bow was indemnified up to USD 22 million for pre-spin issues.

South Bow Corp (TSE:SOBO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

TSE:SOBO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 05, 2026
2025 (Q4)
0.53 / -
0.756
Nov 13, 2025
2025 (Q3)
0.54 / 0.66
0.41259.86% (+0.25)
Aug 06, 2025
2025 (Q2)
0.59 / 0.59
0.565.00% (+0.03)
May 15, 2025
2025 (Q1)
0.61 / 0.66
0
Mar 06, 2025
2024 (Q4)
0.60 / 0.76
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

TSE:SOBO Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 13, 2025
C$36.58C$38.45+5.11%
Aug 06, 2025
C$36.29C$36.72+1.18%
May 15, 2025
C$34.83C$33.38-4.16%
Mar 06, 2025
C$37.10C$33.24-10.40%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does South Bow Corp (TSE:SOBO) report earnings?
South Bow Corp (TSE:SOBO) is schdueled to report earning on Mar 05, 2026, Before Open (Confirmed).
    What is South Bow Corp (TSE:SOBO) earnings time?
    South Bow Corp (TSE:SOBO) earnings time is at Mar 05, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is TSE:SOBO EPS forecast?
          TSE:SOBO EPS forecast for the fiscal quarter 2025 (Q4) is 0.53.
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