South Bow (SOBO) Net Income (2023 - 2026)

South Bow (SOBO) recorded quarterly Net Income of $88.0 million in Q1 2026, down 32.31% quarter-over-quarter from $130.0 million in Q4 2025, and down 4.35% on a YoY basis from $92.0 million in Q1 2025.

South Bow (SOBO) Net Income (2023 - 2026) Analysis & Trends

South Bow's Net Income history runs 4 years deep, the most recent figure standing at $88.0 million for Q1 2026.

  • In Q1 2026, Net Income fell 4.35% year-over-year to $88.0 million; the TTM figure through Mar 2026 stood at $509.0 million (up 45.43% YoY), while the FY2025 annual figure was $513.0 million, up 36.8% from the prior year.
  • Net Income was $88.0 million for Q1 2026 at South Bow, down from $130.0 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $203.0 million in Q4 2023 to a low of $64.0 million in Q2 2024.
  • Historically, Net Income has averaged $117.9 million across 4 years, with a median of $116.5 million in 2024.
  • The sharpest annual moves came in 2024 and 2025: Net Income sank 67.49% in 2024, then soared 96.97% in 2025.
  • A 4-year view of Net Income shows it stood at $203.0 million in 2023, then tumbled by 67.49% to $66.0 million in 2024, then jumped by 96.97% to $130.0 million in 2025, then sank by 32.31% to $88.0 million in 2026.
  • The last three Net Income figures came in at $88.0 million (Q1 2026), $130.0 million (Q4 2025), and $175.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 1.30 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 1.50 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.00 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 1.98 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 239.84 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 922.00 Mn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 487.40 Mn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 776.00 Mn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 15.06 Mn
10 South Bow - - 417.00 Mn 88.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 88.00 Mn
Dec 31, 2025 130.00 Mn
Sep 30, 2025 175.00 Mn
Jun 30, 2025 116.00 Mn
Mar 31, 2025 92.00 Mn
Dec 31, 2024 66.00 Mn
Sep 30, 2024 128.00 Mn
Jun 30, 2024 64.00 Mn
Mar 31, 2024 117.00 Mn
Dec 31, 2023 203.00 Mn