Latest news with #SouthBowCorporation
Yahoo
17-05-2025
- Business
- Yahoo
South Bow Corporation (SOBO) Announces its Q1 2025 Results
South Bow Corporation (NYSE:SOBO) released its Q1 2025 results on May 16th. Let's take a brief look at how the company performed during the quarter. South Bow Corporation (NYSE:SOBO) is an energy infrastructure company that operates over 3,000 miles of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast. South Bow Corporation (NYSE:SOBO) reported an adjusted EPS of $0.47 for the first quarter, beating market expectations by $0.03, despite down 14.5% from the same period last year. The company's revenue also declined by 8.5% YoY to $498 million, mostly owing to the market volatility. The energy infrastructure firm faced operational challenges during the quarter, including an oil release on its Keystone Pipeline on April 8, 2025. The pipeline was restarted on April 15th with certain operating pressure restrictions. Still, South Bow recorded Q1 throughput of approximately 613,000 barrels per day (bbl/d) on the Keystone Pipeline and approximately 726,000 bbl/d on the U.S. Gulf Coast segment of the Keystone Pipeline System. The company also declared a quarterly dividend of $0.5 per share, in-line with the previous. South Bow Corporation (NYSE:SOBO) reaffirmed its 2025 normalized EBITDA guidance of $1.01 billion, plus or minus 2%, despite lower demand for uncommitted capacity on its pipeline systems. As of the writing of this piece, the stock has surged by more than 11% over the last year. While we acknowledge the potential of SOBO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOBO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None.
Yahoo
17-05-2025
- Business
- Yahoo
South Bow Corporation (SOBO) Announces its Q1 2025 Results
South Bow Corporation (NYSE:SOBO) released its Q1 2025 results on May 16th. Let's take a brief look at how the company performed during the quarter. South Bow Corporation (NYSE:SOBO) is an energy infrastructure company that operates over 3,000 miles of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast. South Bow Corporation (NYSE:SOBO) reported an adjusted EPS of $0.47 for the first quarter, beating market expectations by $0.03, despite down 14.5% from the same period last year. The company's revenue also declined by 8.5% YoY to $498 million, mostly owing to the market volatility. The energy infrastructure firm faced operational challenges during the quarter, including an oil release on its Keystone Pipeline on April 8, 2025. The pipeline was restarted on April 15th with certain operating pressure restrictions. Still, South Bow recorded Q1 throughput of approximately 613,000 barrels per day (bbl/d) on the Keystone Pipeline and approximately 726,000 bbl/d on the U.S. Gulf Coast segment of the Keystone Pipeline System. The company also declared a quarterly dividend of $0.5 per share, in-line with the previous. South Bow Corporation (NYSE:SOBO) reaffirmed its 2025 normalized EBITDA guidance of $1.01 billion, plus or minus 2%, despite lower demand for uncommitted capacity on its pipeline systems. As of the writing of this piece, the stock has surged by more than 11% over the last year. While we acknowledge the potential of SOBO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SOBO and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and 10 Most Undervalued Energy Stocks According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-02-2025
- Business
- Yahoo
South Bow Corporation (TSE:SOBO) is largely controlled by institutional shareholders who own 67% of the company
Given the large stake in the stock by institutions, South Bow's stock price might be vulnerable to their trading decisions The top 18 shareholders own 50% of the company Insiders have bought recently A look at the shareholders of South Bow Corporation (TSE:SOBO) can tell us which group is most powerful. We can see that institutions own the lion's share in the company with 67% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about South Bow. See our latest analysis for South Bow Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in South Bow. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at South Bow's earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in South Bow. Our data shows that FMR LLC is the largest shareholder with 9.4% of shares outstanding. In comparison, the second and third largest shareholders hold about 7.4% and 5.9% of the stock. Looking at the shareholder registry, we can see that 50% of the ownership is controlled by the top 18 shareholders, meaning that no single shareholder has a majority interest in the ownership. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own less than 1% of South Bow Corporation. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own CA$6.1m worth of shares. Arguably, recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. With a 33% ownership, the general public, mostly comprising of individual investors, have some degree of sway over South Bow. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph. If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
