In This Article:
South Bow (TSE:SOBO) Full Year 2024 Results
Key Financial Results
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Revenue: US$2.12b (up 5.7% from FY 2023).
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Net income: US$316.0m (down 28% from FY 2023).
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Profit margin: 15% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses.
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EPS: US$1.52 (down from US$2.13 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
South Bow EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Oil and Gas industry in Canada.
Performance of the Canadian Oil and Gas industry.
The company's shares are down 10% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 3 warning signs for South Bow (1 doesn't sit too well with us!) that you need to be mindful of.
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This 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.