South Bow (SOBO) Change in Working Capital (2024 - 2026)
South Bow (SOBO) recorded Change in Working Capital of $79 million in Q3 2026, compared with -$15 million a year earlier and down 2.5% from the prior quarter.
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Analysis
South Bow (SOBO) Change in Working Capital (2024 - 2026) Analysis & Trends
On a TTM basis, South Bow's Change in Working Capital came in at $158 million as of Sep 30, 2026; for FY2025, it came in at -$35 million.
- Across earlier years, Change in Working Capital came in at -$62 million in FY2024 and -$34 million in FY2023.
- Quarterly Change in Working Capital has ranged from -$152 million in Q4 2024 to $181 million in Q3 2024 over the past five years.
- Per Business Quant, the preceding three quarters came in at $81 million (Q2 2026), -$9 million (Q1 2026) and $7 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 892.09 Mn |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | -238.00 Mn |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | - |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | - |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 556.00 Mn |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | -324.31 Mn |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | - |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | - |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | - |
| 10 | South Bow | 6.47 Bn | 4.03 Bn | 407.00 Mn | 79.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 79.00 Mn |
| Jun 30, 2026 | 81.00 Mn |
| Mar 31, 2026 | -9.00 Mn |
| Dec 31, 2025 | 7.00 Mn |
| Sep 30, 2025 | -15.00 Mn |
| Jun 30, 2025 | 23.00 Mn |
| Mar 31, 2025 | -50.00 Mn |
| Dec 31, 2024 | -152.00 Mn |
| Sep 30, 2024 | 181.00 Mn |
| Jun 30, 2024 | -17.00 Mn |
| Mar 31, 2024 | -72.00 Mn |
API Access
South Bow Change in Working Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "ticker": "SOBO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-working-capital&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();