South Bow (SOBO) Cost of Revenue (2024 - 2026)

South Bow has disclosed Cost of Revenue across 3 years of filings, most recently posting $74.0 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $74.0 million, down 11.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $303.0 million (down 20.26% YoY), and the FY2025 annual result was $313.0 million, down 16.76% from the prior year.
• Cost of Revenue came in at $74.0 million for Q1 2026 at South Bow, up from $70.0 million in the prior quarter.
• Over the last five years, Cost of Revenue for SOBO reached as high as $105.0 million in Q2 2024 and fell as low as $70.0 million in Q4 2025.
• Median Cost of Revenue over the past 3 years was $80.0 million (2024), compared with a mean of $84.8 million.
• On a YoY basis, Cost of Revenue climbed as much as 5.0% in 2025 and fell as far as 24.76% in 2025.
• Over 3 years, Cost of Revenue stood at $93.0 million in 2024, then declined by 24.73% to $70.0 million in 2025, then rose by 5.71% to $74.0 million in 2026.
• Per Business Quant, the three latest SOBO Cost of Revenue figures stand at $74.0 million (Q1 2026), $70.0 million (Q4 2025), and $80.0 million (Q3 2025).