South Bow Past Earnings Performance
Past criteria checks 2/6
South Bow's earnings have been declining at an average annual rate of -9.3%, while the Oil and Gas industry saw earnings growing at 24% annually. Revenues have been declining at an average rate of 9.5% per year. South Bow's return on equity is 12.7%, and it has net margins of 16.8%.
Key information
-9.34%
Earnings growth rate
-9.54%
EPS growth rate
| Oil and Gas Industry Growth | 33.67% |
| Revenue growth rate | -9.47% |
| Return on equity | 12.65% |
| Net Margin | 16.84% |
| Last Earnings Update | 30 Sep 2025 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How South Bow makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 1,971 | 332 | 3 | 0 |
| 30 Jun 25 | 2,044 | 300 | 3 | 0 |
| 31 Mar 25 | 2,074 | 292 | 3 | 0 |
| 31 Dec 24 | 2,120 | 316 | 3 | 0 |
| 30 Sep 24 | 2,177 | 366 | 3 | 0 |
| 30 Jun 24 | 2,185 | 398 | 3 | 0 |
| 31 Mar 24 | 2,139 | 458 | 3 | 0 |
| 31 Dec 23 | 2,005 | 442 | 3 | 0 |
Quality Earnings: SOBO has high quality earnings.
Growing Profit Margin: SOBO's current net profit margins (16.8%) are higher than last year (16.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if SOBO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: SOBO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOBO had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-15.5%).
Return on Equity
High ROE: SOBO's Return on Equity (12.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/27 20:14 |
| End of Day Share Price | 2026/01/27 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
South Bow Corporation is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| Theresa Chen | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |