South Bow (SOBO) Construction in Progress (2023 - 2025)

South Bow's Construction in Progress history runs 3 years deep, the most recent figure standing at $24.0 million for Q4 2025.

• In Q4 2025, Construction in Progress rose 9.09% year-over-year to $24.0 million; the TTM figure through Dec 2025 stood at $24.0 million (up 9.09% YoY), while the FY2025 annual figure was $24.0 million, up 9.09% from the prior year.
• Construction in Progress was $24.0 million for Q4 2025 at South Bow, up from $22.0 million in the prior quarter.
• In the past five years, Construction in Progress ranged from a high of $24.0 million in Q4 2025 to a low of $7.0 million in Q4 2023.
• Historically, Construction in Progress has averaged $17.7 million across 3 years, with a median of $22.0 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Construction in Progress soared 214.29% in 2024, then grew 9.09% in 2025.
• A 3-year view of Construction in Progress shows it stood at $7.0 million in 2023, then jumped by 214.29% to $22.0 million in 2024, then rose by 9.09% to $24.0 million in 2025.
• The last three Construction in Progress figures came in at $24.0 million (Q4 2025), $22.0 million (Q4 2024), and $7.0 million (Q4 2023), per Business Quant data.