NYSE: SOBO

South Bow (SOBO) Stock Analysis & Forecast

Sep 28 close

$34.01+0.02 (+0.1%)

Gekko Brief

AI summary

This week's news centers on South Bow's Prairie Connector pipeline and its balance sheet. Executives said the federal government's "mega deduction" tax break strengthens the case for building the US$2.1-billion Prairie Connector project. Separately, coverage highlighted South Bow's CAD 1.03 billion cash position, framed around liquidity for pipeline operations and a business model built on long-term contracted transportation arrangements with predictable cash flows.

South Bow closed at $34.01, up 0.1%, sitting between its 50-day average of $36.64 and 200-day average of $33.60, a mixed trend picture. Over the past month the stock is down 8.8%, though it remains up 19.2% over the past year. The GekkoIndex reads 77.5, placing it in the Buying zone, up from a five-day change of 11.7. Price sits 10.1% above Gekko Fair Value of $30.89.

The next earnings report is scheduled for 4 November 2026, 36 days out and beyond a typical 20-trading-day hold; the prior quarter saw a modest beat, with actual EPS of $0.44 against an estimate of $0.43. No insider, Congress or unusual options activity appears in the current windows. Consensus analyst target stands at $35.44, implying 4.2% upside from current levels. Typical 20-day price movement has run 4.4%.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

South Bow price vs fair value

$34.01$30.89Sep ’25Mar ’26Sep ’26
Close $34.01200-day averageGekko Fair Value $30.89

South Bow quick facts

Market cap
$7.09B
P/E ratio
15.6
Forward P/E
17.5
EPS, TTM
$2.20
Revenue, TTM
$2.00B
Profit margin
23%
Dividend yield
5.82%
Beta
—
Volume
3.45M avg 673,963
1-year return
+19.2%
Typical daily move
±2.2%
Typical 20-day move
±4.4%
50-day average
$36.64
200-day average
$33.60
Next earnings
Nov 4
Shares outstanding
208.6M
52-week range
$25.02$39.02

South Bow swing-trade checklist

South Bow scores 2 supportive, 1 mixed and 1 headwind across the 4 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $34.01 sits between the 50-day ($36.64) and 200-day ($33.60) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    77.5, Buying

    Reading 77.5 is in the Buying zone.

    See the GekkoIndex
  • Fair valueheadwind

    10.1% above

    Price is 10.1% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 36 days

    Next report Nov 4, 2026, 36 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityno data

    No data

    Not enough years of history for a seasonal read.

A description of current data, not a recommendation. How this page works

South Bow stock chart and price history

South Bow closed at $34.01 on Sep 28, 2026, +19.2% over the past year, inside a 52-week range of $25.02 to $39.02.

Close50-day average200-day averageVolume
South Bow share price, past year, with 50-day and 200-day moving averages and volume$25$30$35NovDecJan 2026FebMarAprMayJunJulAugSep34.01

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−8.8%
3 months
−5.2%
6 months
−0.6%
1 year
+19.2%
The full SOBO chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open SOBO in Gekko

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About South Bow

South Bow builds and operates pipeline systems that move crude oil and other liquid hydrocarbons across long stretches of Canada and the United States. Its work centers on the physical transport of these liquids through connected networks, keeping supply flowing between the two countries rather than producing or refining the material itself.

The company's business is organized around the construction and continued upkeep of this pipeline infrastructure, which links production and demand points across a broad cross-border footprint. This ongoing management of transport networks forms the core of how South Bow functions day to day.

South Bow was established on December 15, 2023, and is headquartered in Calgary, Canada. Its shares are listed on the NYSE under the ticker SOBO.

Listed
NYSE
Sector
Industrial services
Industry
Oil & gas pipelines
Website
southbow.com

South Bow GekkoIndex: the smart money zone

South Bow’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 77.5, in the Buying zone, up 11.7 points over five sessions.

010077.5Buying

Up 11.7 points over five sessions, from the Accumulation zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying (current zone)5Too few readings yet
Accumulation101+1.3%+3.3%+5.5%+9.5%
Neutral353+0.1%+0.2%+0.8%+3.7%
Distribution29+1.2%+1.7%+2.8%+3.3%
Selling3Too few readings yet

Average SOBO share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.2% over 20 days. Past behaviour doesn’t guarantee future results.

Buying zone: Smart money likely accumulating heavily. About the five zones →

See every daily GekkoIndex reading plotted over the SOBO price, zone by zone.Track SOBO in Gekko

Is South Bow stock overvalued? Gekko Fair Value

South Bow trades 10.1% above Gekko Fair Value of $30.89, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what South Bow shares are worth, recalculated every trading day.

$30.89

Gekko Fair Value, Sep 26, 2026

10.1% Overvalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open SOBO in Gekko

South Bow insider and Congress trading

No open-market insider purchases were filed for South Bow, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for SOBO in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every SOBO insider filing, plotted on the chart in Gekko.Open SOBO in Gekko

Congress trades last 90 days

No trades in SOBO were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for SOBO, plotted on the chart in Gekko.Open SOBO in Gekko

South Bow earnings: next date and track record

South Bow reports on Nov 4, 2026 (36 days away), and beat the EPS estimate in 6 of its last 7 reports.

6 of 7reports beat the EPS estimate
±2.8%average move across the report
4 of 7reports followed by a gain

Share-price move across each report

+3.9%Nov ’24−6.9%Mar ’25−3.7%May ’25+1.8%Aug ’25+2.9%Nov ’25+0.4%Mar ’260.0%May ’26

Last earnings call, May 7, 2026 AI summary

What they said
South Bow Corporation reported solid Q1 2026 results driven by strong operational performance and stable cash flows. Management highlighted progress on remedial pipeline integrity work on the Keystone system (including development of a phased-array ultrasonic tool), placement of the BlackRock Connection into service, and the completion of an open season for the proposed Prairie Connector (currently in a 60-day evaluation). Q1 throughput benefited from a 95% system operating factor with ~600+ kbpd transported; normalized EBITDA was $257 million (in line with expectations), and distributable cash flow was $168 million. Management reaffirmed full-year normalized EBITDA guidance of $1.03 billion (±2%) and distributable cash flow guidance of $655 million, approved a quarterly dividend of $0.50 per share, and noted a net debt/normalized EBITDA of 4.7x with leverage expected to modestly improve as BlackRock cash flows ramp. Growth will be pursued selectively with disciplined capital allocation and a focus on risk mitigation; significant uncertainties remain around regulatory/policy clarity and project-level permitting for Prairie Connector and timing for fully lifting pressure restrictions on Keystone (likely into 2027).
Guidance
Reaffirmed normalized EBITDA outlook of $1.03 billion within a ±2% range for 2026; full-year distributable cash flow outlook of $655 million; quarterly dividend approved at $0.50 per share. Management expects pressure restrictions on Keystone to begin being lifted in a phased manner later in 2026, with full removal likely into 2027. Net debt/normalized EBITDA exited at 4.7x with modest improvement expected as BlackRock cash flows ramp in H2 2026.
Risks flagged
Regulatory and policy uncertainty (particularly Canadian emissions and permitting) that could delay or limit basin growth; execution, supply-chain, permitting, and 'last-mile' risks associated with Prairie Connector and other expansion projects; pressure restrictions on Keystone requiring ongoing remedial work with full restoration likely not until 2027; macro/geopolitical uncertainty affecting demand and differentials; commodity price and market volatility affecting marketing segment contributions.
ReportedEPSSurpriseRevenueSurpriseMove
May 7, 2026$0.44
est $0.43
+3.4%$491.0M
est $491.2M
0.0%0.0%
Mar 5, 2026$0.61
est $0.40
+52.2%$503.0M
est $504.6M
−0.3%+0.4%
Nov 13, 2025$0.47
est $0.38
+23.7%$263.5M
est $500.6M
−47.4%+2.9%
Aug 6, 2025$0.42
est $0.38
+10.5%$524.0M
est $453.0M
+15.7%+1.8%
May 15, 2025$0.47
est $0.42
+11.9%$498.0M
est $527.0M
−5.5%−3.7%
Mar 5, 2025$0.54
est $0.42
+28.6%$476.9M
est $449.0M
+6.2%−6.9%
Nov 27, 2024$0.29
est $0.38
−24.7%$538.8M—+3.9%
Aug 28, 2024$0.40————

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

South Bow stock forecast and analyst price targets

Analysts’ average 12-month price target for South Bow is $35.44, +4.2% from the last close.

$35.44consensus 12-month target, +4.2% from the last close
±2.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

South Bow market cap and key statistics

South Bow’s market cap is $7.09B, with a P/E ratio of 15.6 and revenue of $2.00B over the last twelve months.

Valuation

Market cap
$7.09B
P/E ratio
15.6
Forward P/E
17.5
EPS, TTM
$2.20
Gekko Fair Value
$30.89

Trading

Volume
3.45M
Avg volume, 20 days
673,963
52-week high
$39.02
52-week low
$25.02
Shares outstanding
208.6M

Financials

Revenue, TTM
$2.00B
Profit margin
23%
Return on equity
17.3%
Quarterly earnings growth, YoY
+39.1%

Risk and income

Typical daily move
±2.2%
Typical 20-day move
±4.4%
Dividend yield
5.82%

South Bow stock news this week

2 headlines about South Bow from the past week, newest first, each linking to the publisher.

South Bow peers

South Bow’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
ENBEnbridge+0.1%Accumulation0.7% below
WMBWilliams Companies−0.8%Accumulation1.4% above
EPDEnterprise Products Partners−0.7%Buying17.3% below
ETEnergy Transfer−0.8%Buying38.0% below
KMIKinder Morgan−0.4%Accumulation16.3% below
TRPTC Energy−0.3%Buying9.1% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

South Bow stock FAQ

What is South Bow’s market cap?

South Bow’s market cap is $7.09B at the Sep 28, 2026 close of $34.01, with 208.6M shares outstanding. The shares trade on a P/E ratio of 15.6.

What is the South Bow stock forecast?

The consensus analyst 12-month price target for South Bow is $35.44, +4.2% from the last close. Gekko doesn’t publish price predictions of its own.

Is South Bow stock overvalued or undervalued?

On Gekko’s estimate South Bow is overvalued: the Sep 28, 2026 close of $34.01 is 10.1% above Gekko Fair Value of $30.89. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does South Bow report earnings next?

South Bow is expected to report on Nov 4, 2026 (36 days away). Analysts expect earnings of $0.43 per share on revenue of $467.5M. South Bow beat the earnings estimate in 6 of its last 7 reports, moving 2.8% on average across the report.

What is South Bow’s 52-week high and low?

South Bow’s 52-week high is $39.02 and its 52-week low is $25.02; it closed at $34.01 on Sep 28, 2026, +19.2% over the past year.

Is South Bow stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 4 items with data read as supportive (gekkoindex and earnings risk), 1 as mixed (trend) and 1 as a headwind (fair value). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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