NYSE$SOBO
South Bow Corp · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
South Bow reported Q1 2025 revenue of $498M with net income of $88M and diluted EPS of $0.42.
Revenue was $498M as highly contracted pipeline assets provided resilience despite market volatility. Net income was $88M ($0.42 per share); normalized net income was $98M ($0.47 per share) after adjusting for one-time items.
- Q1 revenue $498M; net income $88M.
- Normalized net income $98M; normalized EPS $0.47.
- Distributable cash flow supports capital allocation.
- Contracted cash flows underpin midstream stability.
- Management highlights balance-sheet strength amid volatile markets.
Headline financials
Revenue & EPS history
South Bow Corp · Revenue · Quarterly
$498M
Forward guidance
Midstream operator emphasizes contracted cash flows, distributable cash flow, and capital allocation rather than EPS guidance.
Tailwinds
- Highly contracted pipeline revenues.
- Normalized earnings and distributable cash flow metrics.
- Balance-sheet capacity for returns.
Headwinds
- Commodity and spread volatility affecting volumes.
- Regulatory and project execution risk on expansions.
- Interest rates on debt refinancing.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports · overlaid with Q1 2025
+0.7%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+3.6%
Avg return
30 days after
80%
4 / 5 earnings
Positive
+5.2%
Q3 2025
Best reaction
-4.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.1% | +4.3% | +6.2% | |
| Q4 2025 | +0.1% | -0.8% | -0.5% | |
| Q3 2025 | +5.2% | +7.2% | +4.3% | |
| Q2 2025 | +1.1% | +1.7% | +2.6% | |
| Q1 2025 | -4.2% | +0.0% | +5.2% |
Discussion
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