SOBO
South Bow Corp Energy Pipe Lines (No Natural Gas) Russell 3000
$35.96Close
$7.5BMarket cap
$24.54 – $38.6752-week range
Nov 4, 2026Next report · after the close
Highlights
Cautions
- Trend not confirmed 7 of 8 conditions · 50-day under the 150/200-day
- Results soon Nov 4, 2026, in 3 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
7%
1wk
up 1.5%
price change
1mo
up 8.5%
price change
12-month return
up 43%
market up 11% ·
its own up 31%
F-score
7 / 9
Strong
Altman Z″
1.02
Elevated risk
P/E
17.3×
price / earnings
PEG
0.47
P/E / EPS growth
P/B
2.8×
price / book
Earnings yield
up 3.9%
EBIT / enterprise value
Cheaper than
67%
of the market · cheap
Revenue growth
down 6%
year on year
EPS growth
—
latest quarter
Sales growth
—
latest quarter
ROE
up 16%
return on equity
Free cash margin
up 36%
$717.0M FCF
D/E
2.14
long-term debt / equity
Net debt / EBITDA
7.1×
Interest cover
—EBIT / interest
Piotroski tests
- took on more long-term debt
- assets working less efficiently
- profitable on its assets
- generating cash from operations
- profitability improving
- profits backed by cash
- short-term liquidity improved
- no new shares issued
- gross margin widened
Repair signals
- Gross margin 82.3% → 84.2%
Trade setup
ATR%
1.9%
$0.68 a day · 2×ATR $34.59
RS
71 / 99
vs the universe
Trend
7 / 8
50-day under the 150/200-day
Relative volume
0.5×
vs 50-day average
Up/down volume
1.06
50 sessions
Implied move
—
no option chain · report Nov 4, 2026
Trend template · 7 of 8
- 50-day average above the 150 and 200-day: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Heavily indebted Net debt is 7.1 times EBITDA — roughly 7 years of earnings before interest, tax and depreciation to repay borrowings in full.
- Revenue shrinking Revenue fell 6.3% over the year, from $2.1B to $2.0B.
Financials
- Gross 84%
- Net 22%
- Free cash 36%
- Cash
- Long-term debt
| FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|
| Revenue | $2.0B | $2.1B | $2.0B |
| Gross margin | 82% | 82% | 84% |
| Operating income | $1.1B | $1.1B | — |
| Net income | $442.0M | $316.0M | $433.0M |
| Net margin | 22% | 15% | 22% |
| Earnings per share | $2.13 | $1.52 | $2.07 |
| Free cash flow | $732.0M | $388.0M | $717.0M |
| Free cash margin | 37% | 18% | 36% |
| Cash | $262.0M | $397.0M | $549.0M |
| Long-term debt | — | — | $5.8B |
| Shareholders' equity | $2.8B | $2.6B | $2.7B |
| Shares outstanding | 0 | 208m | 208m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Mar 16, 2026 | Annual ↗ | Dec 31, 2025 | 75d |
| Mar 6, 2025 | Annual ↗ | Dec 31, 2024 | 65d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 7, 2026 | Foreign issuer report ↗ |
| Aug 5, 2026 | Foreign issuer report ↗ |
| Aug 5, 2026 | Foreign issuer report ↗ |
| Aug 5, 2026 | Foreign issuer report ↗ |
| Jul 8, 2026 | Foreign issuer report ↗ |
| May 29, 2026 | Foreign issuer report ↗ |
| May 8, 2026 | Foreign issuer report ↗ |
| May 7, 2026 | Foreign issuer report ↗ |
| May 7, 2026 | Foreign issuer report ↗ |
| May 7, 2026 | Foreign issuer report ↗ |
| Apr 9, 2026 | Foreign issuer report ↗ |
| Apr 2, 2026 | Foreign issuer report ↗ |