South Bow (SOBO) Capital Expenditures (2024 - 2026)

South Bow (SOBO) recorded quarterly Capital Expenditures of -$19.0 million in Q1 2026, down 2000.0% quarter-over-quarter from $1.0 million in Q4 2025, and down 159.38% on a YoY basis from $32.0 million in Q1 2025.

South Bow (SOBO) Capital Expenditures (2024 - 2026) Analysis & Trends

South Bow's Capital Expenditures history runs 3 years deep, the most recent figure standing at -$19.0 million for Q1 2026.

  • In Q1 2026, Capital Expenditures fell 159.38% year-over-year to -$19.0 million; the TTM figure through Mar 2026 stood at -$22.0 million (down 83.33% YoY), while the FY2025 annual figure was $29.0 million, up 52.63% from the prior year.
  • Capital Expenditures was -$19.0 million for Q1 2026 at South Bow, down from $1.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $32.0 million in Q1 2025 to a low of -$62.0 million in Q3 2024.
  • Historically, Capital Expenditures has averaged -$5.1 million across 3 years, with a median of $1.0 million in 2025.
  • The sharpest annual moves came in 2025 and 2026: Capital Expenditures jumped 366.67% in 2025, then plunged 159.38% in 2026.
  • A 3-year view of Capital Expenditures shows it stood at $10.0 million in 2024, then slumped by 90.0% to $1.0 million in 2025, then slumped by 2000.0% to -$19.0 million in 2026.
  • The last three Capital Expenditures figures came in at -$19.0 million (Q1 2026), $1.0 million (Q4 2025), and -$13.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 1.78 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 983.00 Mn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 133.00 Mn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.92 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 575.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 899.50 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 864.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 965.20 Mn
10 South Bow - - 417.00 Mn -19.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -19.00 Mn
Mar 31, 2026 -19.00 Mn
Dec 31, 2025 1.00 Mn
Dec 31, 2025 1.00 Mn
Sep 30, 2025 -13.00 Mn
Sep 30, 2025 -13.00 Mn
Jun 30, 2025 9.00 Mn
Jun 30, 2025 9.00 Mn
Mar 31, 2025 32.00 Mn
Mar 31, 2025 32.00 Mn
Dec 31, 2024 10.00 Mn
Dec 31, 2024 10.00 Mn
Sep 30, 2024 -62.00 Mn
Sep 30, 2024 -62.00 Mn
Jun 30, 2024 8.00 Mn
Jun 30, 2024 8.00 Mn
Mar 31, 2024 -12.00 Mn
Mar 31, 2024 -12.00 Mn