South Bow (SOBO) EBITDA Margin (2024 - 2026)
South Bow (SOBO) recorded quarterly EBITDA Margin of 45.62% in Q1 2026, up 175.73% quarter-over-quarter from 60.24% in Q4 2025, and down 317.0% on a YoY basis from 21.02% in Q1 2025.
South Bow (SOBO) EBITDA Margin (2024 - 2026) Analysis & Trends
South Bow's EBITDA Margin history runs 3 years deep, the most recent figure standing at 45.62% for Q1 2026.
- In Q1 2026, EBITDA Margin fell 317.0% year-over-year to 45.62%; the TTM figure through Mar 2026 stood at 19.35% (up 344.0% YoY), while the FY2025 annual figure was 20.24%, up 284.0% from the prior year.
- EBITDA Margin was 45.62% for Q1 2026 at South Bow, up from 60.24% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 51.84% in Q1 2024 to a low of 82.58% in Q4 2024.
- Historically, EBITDA Margin has averaged 20.8% across 3 years, with a median of 45.62% in 2026.
- The sharpest annual moves came in 2025 and 2026: EBITDA Margin surged 2234 bps in 2025, then tumbled 317 bps in 2026.
- A 3-year view of EBITDA Margin shows it stood at 82.58% in 2024, then increased by 27 bps to 60.24% in 2025, then soared by 176 bps to 45.62% in 2026.
- The last three EBITDA Margin figures came in at 45.62% (Q1 2026), 60.24% (Q4 2025), and 46.2% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 50.33% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 28.57% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | South Bow | - | - | 417.00 Mn | 45.62% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 45.62% |
| Dec 31, 2025 | -60.24% |
| Sep 30, 2025 | 46.20% |
| Jun 30, 2025 | 47.52% |
| Mar 31, 2025 | 48.80% |
| Dec 31, 2024 | -82.58% |
| Sep 30, 2024 | 45.32% |
| Jun 30, 2024 | 44.77% |
| Mar 31, 2024 | 51.84% |