South Bow (SOBO) EBITDA (2023 - 2026)

South Bow's EBITDA history runs 4 years deep, the most recent figure standing at $224.0 million for Q1 2026.

• In Q1 2026, EBITDA fell 7.82% year-over-year to $224.0 million; the TTM figure through Mar 2026 stood at $383.0 million (up 16.06% YoY), while the FY2025 annual figure was $402.0 million, up 8.94% from the prior year.
• EBITDA was $224.0 million for Q1 2026 at South Bow, up from -$303.0 million in the prior quarter.
• In the past five years, EBITDA ranged from a high of $308.0 million in Q4 2023 to a low of -$403.0 million in Q4 2024.
• Historically, EBITDA has averaged $130.3 million across 4 years, with a median of $242.5 million in 2024.
• The sharpest annual moves came in 2024 and 2025: EBITDA plunged 230.84% in 2024, then grew 24.81% in 2025.
• A 4-year view of EBITDA shows it stood at $308.0 million in 2023, then slumped by 230.84% to -$403.0 million in 2024, then advanced by 24.81% to -$303.0 million in 2025, then surged by 173.93% to $224.0 million in 2026.
• The last three EBITDA figures came in at $224.0 million (Q1 2026), -$303.0 million (Q4 2025), and $213.0 million (Q3 2025), per Business Quant data.