South Bow (SOBO) EBITDA Margin (2024 - 2026)
South Bow (SOBO) posted EBITDA Margin of 45.62% for Q1 2026, up 175.73% on a QoQ basis from 60.24% in Q4 2025, and down 317.0% year-on-year from 21.02% in Q1 2025.
South Bow (SOBO) EBITDA Margin (2024 - 2026) Analysis & Trends
South Bow has disclosed EBITDA Margin across 3 years of filings, most recently posting 45.62% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 45.62%, down 317.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 19.35% (up 344.0% YoY), and the FY2025 annual result was 20.24%, up 284.0% from the prior year.
- EBITDA Margin came in at 45.62% for Q1 2026 at South Bow, up from 60.24% in the prior quarter.
- Over the last five years, EBITDA Margin for SOBO reached as high as 51.84% in Q1 2024 and fell as low as 82.58% in Q4 2024.
- Median EBITDA Margin over the past 3 years was 45.62% (2026), compared with a mean of 20.8%.
- Year-over-year, EBITDA Margin soared 2234 bps in 2025 and slumped 317 bps in 2026.
- Over 3 years, EBITDA Margin 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.
- Per Business Quant, the three latest SOBO EBITDA Margin figures stand at 45.62% (Q1 2026), 60.24% (Q4 2025), and 46.2% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 14.43% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 29.91% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 13.17% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 10.74% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 28.57% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 50.33% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 14.85% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 14.83% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 30.44% |
| 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% |