South Bow (SOBO) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.50
- Estimate
- $0.43
- Surprise
- +15.3%
- Score at report (before → after)
- 4.4 → 4.5/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
South Bow (SOBO) beat the $0.43 estimate with diluted EPS of $0.50 — a large 15.3% upside surprise. TrendMatrix's engine moved from Sell (4.4/10) to Hold at 4.5/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates SOBO Sell at 5.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +15.3% surprise compares with a +23.4% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (4/4)
What argues against it
- Analyst target reached - limited upside remaining
- Leverage penalty (D/E 2.2): -1.5
- Elevated risk factors
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $37.05
- Price target
- $38.24
- Stop
- $35.13
- Upside to target
- +3.2%
At 16.8× trailing and 19.0× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 2.0× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-09-05 — shown for context, not personalized investment advice.
SOBO at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Midstream
- Market cap
- $7.73B
- P/E (fwd)
- 19.0
- P/E (ttm)
- 16.8
- 52-week range
- $25.02–$39.02
- Off 52-week high
- 5.0%
- RSI (14)
- 53
- Volume vs avg
- 2.05×
- Score today
- 5.7/10