Research Analysts Issue Forecasts for South Bow Q1 Earnings

South Bow Corporation (NYSE:SOBO) – US Capital Advisors dropped their Q1 2026 earnings per share (EPS) estimates for South Bow in a research report issued to clients and investors on Monday, March 23rd. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.41. The consensus estimate for South Bow’s current full-year earnings is $1.74 per share. US Capital Advisors also issued estimates for South Bow’s Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.41 EPS, Q4 2026 earnings at $0.43 EPS, FY2026 earnings at $1.62 EPS, Q1 2027 earnings at $0.45 EPS, Q2 2027 earnings at $0.46 EPS and FY2028 earnings at $1.98 EPS.

A number of other analysts also recently issued reports on SOBO. Weiss Ratings raised shares of South Bow from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Jefferies Financial Group upgraded shares of South Bow from a “hold” rating to a “buy” rating in a research report on Monday, December 15th. National Bank Financial increased their target price on shares of South Bow from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Monday, March 16th. Morgan Stanley restated an “underweight” rating on shares of South Bow in a research report on Tuesday, December 2nd. Finally, Wolfe Research lowered South Bow from a “peer perform” rating to an “underperform” rating and set a $24.00 price target for the company. in a research note on Wednesday, January 14th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $30.57.

South Bow Price Performance

Shares of NYSE SOBO opened at $34.15 on Tuesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.50 and a quick ratio of 1.43. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 16.42 and a beta of 0.29. The firm’s 50 day simple moving average is $30.69 and its 200-day simple moving average is $28.47. South Bow has a 12 month low of $21.16 and a 12 month high of $34.46.

South Bow (NYSE:SOBO) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.21. South Bow had a return on equity of 15.55% and a net margin of 21.80%.The company had revenue of $503.00 million during the quarter, compared to the consensus estimate of $500.57 million. During the same period in the previous year, the company posted $0.54 earnings per share. South Bow’s revenue for the quarter was up 3.1% on a year-over-year basis.

South Bow Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, March 31st. South Bow’s payout ratio is presently 96.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SOBO. City Holding Co. grew its holdings in shares of South Bow by 277.4% during the fourth quarter. City Holding Co. now owns 1,000 shares of the company’s stock worth $27,000 after buying an additional 735 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of South Bow by 157.3% in the third quarter. EverSource Wealth Advisors LLC now owns 1,055 shares of the company’s stock valued at $30,000 after buying an additional 645 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of South Bow by 780.3% in the third quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock worth $34,000 after buying an additional 1,069 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in South Bow by 1,993.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,340 shares of the company’s stock worth $35,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in South Bow during the fourth quarter worth about $39,000.

Key Headlines Impacting South Bow

Here are the key news stories impacting South Bow this week:

• Positive Sentiment: Recent company fundamentals: South Bow reported a March quarter that beat EPS and revenue expectations (latest quarter: $0.61 EPS vs. $0.40 consensus; revenue ~$503M). That outperformance and healthy margins/supportive ROE provide a near‑term earnings cushion.
• Positive Sentiment: Longer‑term analyst view: US Capital Advisors projects FY2028 EPS of $1.98, signaling expectations for recovery/growth beyond the next 12–18 months. (This may be supporting investor confidence despite nearer‑term cuts.)
• Neutral Sentiment: Macro/policy link: Reports say Canada is discussing a potential Keystone XL revival with U.S. officials — a development that could lift sentiment across North American energy and midstream-related names, but the direct impact on South Bow is unclear. Canada discussing potential Keystone XL revival with Trump administration officials
• Negative Sentiment: Analyst downgrades to near‑term EPS: US Capital Advisors trimmed multiple near‑term estimates across Q1–Q4 2026 and Q3–Q4 2026/2027 (e.g., FY2026 cut to $1.62 from $1.69; FY2027 modestly lowered to $1.83 from $1.85; several quarterly EPS estimates reduced). These revisions indicate pressure on short‑term earnings expectations and are a potential headwind for the stock.

South Bow Company Profile

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. South Bow Corp is based in Canada.