South Bow Corporation (SOBO)
NYSE: SOBO · Pipe Lines (No Natural Gas) · Calgary · filing with the SEC since 2024
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
| Report filed | Mar 16, 2026 | Mar 6, 2025 | · |
| Revenue | 1,986 | 2,120 | 2,005 |
| Cost of revenue | 313 | 376 | 351 |
| Total costs and expenses | 1,271 | 1,375 | 1,305 |
| Operating income | · | 1,091 | 1,074 |
| Interest expense | 331 | 388 | 220 |
| Interest and investment income | 40 | 41 | 34 |
| Interest income (expense), net | -270 | -376 | -188 |
| Share of profit of equity-method investments | 52 | 49 | 50 |
| Other income (expense), net | 41 | 12 | 32 |
| Income before income taxes | 497 | 418 | 562 |
| Income tax expense | 64 | 102 | 120 |
| Net income including non-controlling interests | 433 | 316 | 442 |
| Earnings per share, basic | 2.08 | 1.52 | 2.13 |
| Earnings per share, diluted | 2.07 | 1.52 | 2.13 |
| Weighted average shares, basic | 208.2 | 207.6 | 207.6 |
| Weighted average shares, diluted | 208.8 | 208.2 | 207.6 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfGoodsAndServicesSoldTotal costs and expenses every operating cost, the cost of revenue included
us-gaap:CostsAndExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperatingInterest and investment income what its cash and investments earned
us-gaap:InterestIncomeOtherInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding