South Bow (NYSE:SOBO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

South Bow (NYSE:SOBO) issued its quarterly earnings results on Wednesday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04, Zacks reports. The company had revenue of $503.00 million during the quarter, compared to analyst estimates of $476.02 million. South Bow had a net margin of 22.81% and a return on equity of 15.76%.

South Bow Price Performance

Shares of NYSE:SOBO traded down $0.50 during midday trading on Friday, hitting $31.11. The company had a trading volume of 328,027 shares, compared to its average volume of 858,527. South Bow has a twelve month low of $25.43 and a twelve month high of $39.02. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.52 and a quick ratio of 1.44. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 13.95 and a beta of 0.17. The business’s 50-day simple moving average is $35.09 and its 200-day simple moving average is $34.51.

South Bow Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, December 31st. South Bow’s dividend payout ratio (DPR) is currently 89.69%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank boosted their target price on shares of South Bow from $36.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Wall Street Zen lowered shares of South Bow from a “hold” rating to a “sell” rating in a research note on Saturday, October 17th. Canadian Imperial Bank of Commerce decreased their price target on shares of South Bow from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of South Bow in a report on Monday, August 10th. Finally, TD Securities reiterated a “hold” rating on shares of South Bow in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.67.

South Bow Company Profile

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.