South Bow (SOBO) EBITDA Margin (2024 - 2026)
South Bow (SOBO) posted EBITDA Margin of 51.28% for Q2 2026, down 2.03% on a QoQ basis from 52.34% in Q1 2026, and up 357.0% year-over-year from 11.22% in Q2 2025.
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South Bow (SOBO) EBITDA Margin (2024 - 2026) Analysis & Trends
South Bow has reported EBITDA Margin for 3 years, with the latest figure at 51.28% in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 357.0% year-over-year to 51.28% in Q2 2026; TTM through Jun 2026 was 48.03%, a 923.0% increase from a year earlier, with the FY2025 full-year figure at 20.24%, up 284.0% from the prior year.
- EBITDA Margin was 51.28% for Q2 2026 at South Bow, down from 52.34% in the prior quarter.
- The five-year high for EBITDA Margin was 53.41% in Q1 2025, with the low at 14.75% in Q4 2024.
- Average EBITDA Margin over 3 years is 42.67%, with a median of 45.52% recorded in 2024.
- The sharpest annual moves came in 2025 and 2026: EBITDA Margin jumped 3216 bps in 2025, then slumped 107 bps in 2026.
- Over 3 years, EBITDA Margin stood at 14.75% in 2024, then surged by 218 bps to 46.92% in 2025, then advanced by 9 bps to 51.28% in 2026.
- The last three EBITDA Margin figures came in at 51.28% (Q2 2026), 52.34% (Q1 2026), and 46.92% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 30.06% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.31% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 10.41% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 58.43% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 35.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 51.27% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 13.22% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 9.93% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 37.45% |
| 10 | South Bow | 7.72 Bn | 6.95 Bn | 485.00 Mn | 51.28% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.28% |
| Mar 31, 2026 | 52.34% |
| Dec 31, 2025 | 46.92% |
| Sep 30, 2025 | 40.78% |
| Jun 30, 2025 | 47.71% |
| Mar 31, 2025 | 53.41% |
| Dec 31, 2024 | 14.75% |
| Sep 30, 2024 | 38.39% |
| Jun 30, 2024 | 37.00% |
| Mar 31, 2024 | 44.12% |