South Bow Corporation (SOBO) Releases Q4 2025 Earnings: Improved Profitability and Stronger Cash Position

South Bow Corporation (SOBO) reported Q4 2025 results showing improved profitability and a stronger cash position.

Total revenues: $503 million (+3.07% year-over-year).

Gross profit: $433 million (+9.62% year-over-year).

Operating profit: $204 million (+24.01% year-over-year).

Net income attributable to common shareholders: $156 million (+183.64% year-over-year).

Diluted earnings per share: $0.74 (+184.62% year-over-year).

Key cash-flow and balance-sheet highlights:

Cash from operating activities: $194 million (change: -670.59% year-over-year).

Capital expenditures (purchases of property, plant and equipment): $60 million (up 114.29% year-over-year).

Cash and cash equivalents: $549 million (up 38.29% year-over-year).

Cost of sales: $70 million (down 24.73% year-over-year).

Total liabilities: $8.48 billion (down 2.7% year-over-year).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

South Bow Corporation Hedge Fund Activity

We have seen 116 institutional investors add shares of South Bow Corporation stock to their portfolio, and 153 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ROYAL BANK OF CANADA removed 5,994,200 shares (-26.5%) from their portfolio in Q4 2025, for an estimated $164,660,674
FMR LLC removed 3,570,347 shares (-26.2%) from their portfolio in Q4 2025, for an estimated $98,077,432
PRICE T ROWE ASSOCIATES INC /MD/ removed 2,676,370 shares (-29.3%) from their portfolio in Q4 2025, for an estimated $73,519,883
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 1,950,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $53,566,500
BLACKSTONE INC. removed 1,461,311 shares (-67.3%) from their portfolio in Q4 2025, for an estimated $40,142,213
GOLDMAN SACHS GROUP INC removed 1,246,885 shares (-54.3%) from their portfolio in Q4 2025, for an estimated $34,251,930
MURCHINSON LTD. removed 1,231,600 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $34,841,964

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

South Bow Corporation Analyst Ratings

Wall Street analysts have issued reports on $SOBO in the last several months. We have seen 0 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Wolfe Research issued a "Underperform" rating on 01/14/2026
Wells Fargo issued a "Underweight" rating on 11/20/2025

To track analyst ratings and price targets for South Bow Corporation, check out Quiver Quantitative's $SOBO forecast page.

South Bow Corporation Price Targets

Multiple analysts have issued price targets for $SOBO recently. We have seen 7 analysts offer price targets for $SOBO in the last 6 months, with a median target of $37.0.

Here are some recent targets:

Praneeth Satish from Wells Fargo set a target price of $37.0 on 03/13/2026
Maurice Choy from RBC Capital set a target price of $48.0 on 03/09/2026
Theresa Chen from Barclays set a target price of $33.0 on 03/09/2026
Robert Hope from Scotiabank set a target price of $34.0 on 03/06/2026
Burke Sansiviero from Wolfe Research set a target price of $24.0 on 01/14/2026
Sam Burwell from Jefferies set a target price of $45.0 on 12/15/2025
An analyst from UBS set a target price of $39.0 on 12/11/2025