South Bow Corp
southbow.comHow Do They Make Money?
FY2025 revenue by product or service
revenue
Revenue, FY2025
$2B
Sources
-
40-F for FY2025, filed Mar 16, 2026
$2B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Capacity arrangements and transportation
|
74% |
Capacity arrangements and transportation, FY2025
$1.5B Sources
|
|
Marketing activities
|
20% |
Marketing activities, FY2025
$403M Sources
|
|
Other revenues
|
5.9% |
Other revenues, FY2025
$118M Sources
|
Do Revenues Turn Into Profits?
Yes. It kept 22 cents of every revenue dollar as net income in FY2025.
40-F for FY2025, filed Mar 16, 2026
Sources
Net income, FY2025
Sources
40-F for FY2025, filed Mar 16, 2026
$433MView ↗
▲ +37%
vs FY2024 ($316M, 15%)
How Are They Changing?
Flat. Revenue was $2B in FY2025, about the same as the $2B of FY2023.
Revenue over time
Capacity arrangements and transportation
Marketing activities
Other revenues
$2.5B$1.3B$0
$1.6B
$432M
$1.7B
$453M
$1.5B
$403M
100%50%0%
78%
22%
78%
21%
74%
20%
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