Plains GP L.P. (PAGP) vs South Bow (SOBO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Plains GP L.P. (PAGP) has outperformed South Bow (SOBO) over the past year, gaining 51.0% versus a gain of 19.0%. South Bow is the larger company by market cap ($6.91 billion vs $6.20 billion), about 1.1 times the size. On valuation, Plains GP L.P. trades at a lower forward P/E (12.9x vs 17.1x for South Bow).
Plains GP L.P. offers the higher dividend yield (6.13% vs 6.04%). South Bow converts more of its revenue into profit, with a net margin of 21.8% versus 0.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PAGP | SOBO |
|---|---|---|
| Share price | $26.62 | $33.13 |
| Market cap | $6.20B | $6.91B |
| 1-day change | +0.19% | -2.07% |
| YTD return | +38.82% | +23.19% |
| 1-year return | +50.97% | +19.03% |
| 5-year return | +126.51% | — |
| P/E ratio (TTM) | 60.50 | 15.06 |
| Forward P/E | 12.89 | 17.06 |
| EPS (TTM) | $0.44 | $2.20 |
| Dividend yield | 6.13% | 6.04% |
| Annual dividend | $1.63 | $2.00 |
| Revenue (latest FY) | $44.26B | $1.99B |
| Revenue growth (YoY) | -9.46% | -6.32% |
| Net income (latest FY) | $260.00M | $433.00M |
| Gross margin | 8.65% | 84.24% |
| Operating margin | 3.23% | — |
| Net margin | 0.59% | 21.80% |
| 52-week high | $28.70 | $39.02 |
| 52-week low | $16.68 | $25.02 |
| Distance from 52-week high | -7.25% | -15.09% |
| Analyst consensus | buy | hold |
| Avg. price target upside | -2.03% | +6.97% |
| Average volume | 1.64M | 618.51K |
| Shares outstanding | 197.90M | 208.59M |
| Sector | Energy | Energy |
| Industry | Natural Gas Distribution | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PAGP has outperformed SOBO by 31.9 percentage points over the past year.
- Plains GP L.P. trades at a higher earnings multiple (60.5x vs 15.1x trailing P/E).
- South Bow is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 0.6 cents for Plains GP L.P..
About Plains GP L.P.
PAGP stock →Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates through Crude Oil and Natural Gas Liquids (NGLs) segments.
Energy · Natural Gas Distribution
About South Bow
SOBO stock →South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Energy · Natural Gas Distribution
PAGP vs SOBO FAQ
Which is bigger, Plains GP L.P. or South Bow?
South Bow (SOBO) is larger, with a market capitalization of $6.91B compared with $6.20B for Plains GP L.P. (PAGP).
Which stock has performed better over the past year, PAGP or SOBO?
PAGP returned +50.97% over the past 12 months, compared with +19.03% for SOBO (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PAGP or SOBO?
SOBO has the lower trailing P/E at 15.1, versus 60.5 for PAGP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Plains GP L.P. or South Bow?
Plains GP L.P. has the higher yield at 6.13%, compared with 6.04% for South Bow.
Are Plains GP L.P. and South Bow in the same industry?
Yes. Both are classified in the Natural Gas Distribution industry within the Energy sector.