South Bow (SOBO) Enterprise Value (2023 - 2026)

South Bow (SOBO) posted Enterprise Value of -$549.0 million for Q1 2026, down 9.58% on a QoQ basis from -$501.0 million in Q3 2025, and down 40.77% year-on-year from -$926.9 million in Q1 2025.

South Bow (SOBO) Enterprise Value (2023 - 2026) Analysis & Trends

South Bow has disclosed Enterprise Value across 4 years of filings, most recently posting -$549.0 million for Q1 2026.

  • Enterprise Value for Q1 2026 came in at -$549.0 million, down 40.77% year-over-year; the trailing twelve-month figure through Mar 2026 was -$549.0 million (down 40.77% YoY), and the FY2023 annual result was -$262.0 million, changed N/A from the prior year.
  • Enterprise Value came in at -$549.0 million for Q1 2026 at South Bow, down from -$501.0 million in the prior quarter.
  • Over the last five years, Enterprise Value for SOBO reached as high as -$262.0 million in Q4 2023 and fell as low as -$706.0 million in Q3 2024.
  • Median Enterprise Value over the past 4 years was -$449.0 million (2025), compared with a mean of -$448.6 million.
  • On a YoY basis, Enterprise Value climbed as much as 29.04% in 2025 and fell as far as 48.85% in 2025.
  • Over 4 years, Enterprise Value stood at -$262.0 million in 2023, then slumped by 169.47% to -$706.0 million in 2024, then increased by 29.04% to -$501.0 million in 2025, then dropped by 9.58% to -$549.0 million in 2026.
  • Per Business Quant, the three latest SOBO Enterprise Value figures stand at -$549.0 million (Q1 2026), -$501.0 million (Q3 2025), and -$397.0 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 700.77 Mn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.08 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -1.15 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn -719.00 Mn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 32.40 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn -1.51 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn -131.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -282.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -58.00 Mn
10 South Bow - - 417.00 Mn -599.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -599.00 Mn
Sep 30, 2025 -501.00 Mn
Jun 30, 2025 -452.00 Mn
Mar 31, 2025 -390.00 Mn
Sep 30, 2024 -5.19 Bn
Dec 31, 2023 -262.00 Mn