South Bow (SOBO) Cost of Revenue (2024 - 2026)
South Bow (SOBO) posted Cost of Revenue of $96 million for Q3 2026, up 20.0% from $80 million a year earlier and up 57.4% 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 Sep 30, 2026, Cost of Revenue at South Bow was $301 million, down 10.4% year-over-year; for FY2025, it came in at $313 million, down 16.8% from FY2024.
- In prior years, South Bow's Cost of Revenue was $376 million in FY2024 (+7.1%) and $351 million in FY2023.
- The Q3 2026 figure stands as the highest quarterly Cost of Revenue since Q3 2024.
- On a year-over-year basis, Cost of Revenue increased in two of the last seven quarters, with an average decline of 11.1%.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $61 million (Q2 2026), $74 million (Q1 2026) and $70 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.78 Bn | 99.38 Bn | 4.84 Bn | 16.35 Bn |
| 2 | Williams Companies | 82.25 Bn | 79.28 Bn | 2.59 Bn | 632.00 Mn |
| 3 | Enterprise Products Partners | 79.70 Bn | 78.06 Bn | - | - |
| 4 | Kinder Morgan | 68.31 Bn | 67.17 Bn | 2.97 Bn | 1.57 Bn |
| 5 | Tc Energy | 65.62 Bn | 62.38 Bn | - | 37.15 Mn |
| 6 | Energy Transfer | 65.60 Bn | 61.43 Bn | 6.57 Bn | 30.53 Bn |
| 7 | Cheniere Energy | 59.32 Bn | 53.47 Bn | 2.97 Bn | 3.21 Bn |
| 8 | Targa Resources | 58.47 Bn | 57.93 Bn | 2.02 Bn | 3.58 Bn |
| 9 | Mplx | 57.63 Bn | 51.66 Bn | 3.19 Bn | 411.00 Mn |
| 10 | South Bow | 6.72 Bn | 4.28 Bn | 407.00 Mn | 96.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 96.00 Mn |
| 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();