South Bow Corporation revenue by segment SOBO

Annual Quarterly

South Bow Corporation splits its revenue into 5 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Capacity Arrangements And Transportation at $1.6 billion, 82% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Revenue
1,986
2,120
Capacity Arrangements And Transportation And Other
—
1,662
share 78.4%
Capacity Arrangements And Transportation
1,634
share 82.3%
—
Marketing Activities
403
-11.0%
share 20.3%
453
share 21.4%
Product And Service Other
118
+2260.0%
share 5.9%
5
share 0.2%
Other Than Capacity Arrangements And Transportation
-169
share -8.5%
0
share 0.0%
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry
Pipe Lines (No Natural Gas) (SIC 4610)
Listed as
SOBO (NYSE)
Fiscal year ends
December 31
Incorporated in
Canada (Federal Level)
Headquarters
Calgary
SEC CIK
2019061

Other Pipe Lines (No Natural Gas) companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.