South Bow (SOBO) Cost of Revenue (2024 - 2026)
South Bow (SOBO) posted Cost of Revenue of $61 million for the quarter ended Jun 30, 2026, down 22.8% from $79 million a year earlier and down 17.6% from the prior quarter.
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Analysis
South Bow (SOBO) Cost of Revenue (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at South Bow was $285 million, down 19.5% year-over-year; for the year ended Dec 31, 2025, it came in at $313 million, down 16.8% from the prior year.
- In prior years, South Bow's Cost of Revenue was $376 million in the year ended Dec 31, 2024 (+7.1%) and $351 million in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 stands as the lowest quarterly Cost of Revenue in data going back to the quarter ended Mar 31, 2024.
- On a year-over-year basis, Cost of Revenue has declined in each of the last five quarters, with an average decline of 16.3% over the last six quarters.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $74 million (quarter ended Mar 31, 2026), $70 million (quarter ended Dec 31, 2025) and $80 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | 515.00 Mn |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | - |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 1.41 Bn |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | 52.77 Mn |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 2.30 Bn |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 405.00 Mn |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 439.00 Mn |
| 10 | South Bow | 7.05 Bn | 4.77 Bn | 485.00 Mn | 61.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.00 Mn |
| Mar 31, 2026 | 74.00 Mn |
| Dec 31, 2025 | 70.00 Mn |
| Sep 30, 2025 | 80.00 Mn |
| Jun 30, 2025 | 79.00 Mn |
| Mar 31, 2025 | 84.00 Mn |
| Dec 31, 2024 | 93.00 Mn |
| Sep 30, 2024 | 98.00 Mn |
| Jun 30, 2024 | 105.00 Mn |
| Mar 31, 2024 | 80.00 Mn |
API Access
South Bow Cost of Revenue 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=cost-of-revenue&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "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=cost-of-revenue&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();