South Bow (SOBO) Net Income (2023 - 2026)
South Bow's (SOBO) quarterly Net Income came in at $77.0 million in Q1 2026, down 12.5% year-on-year from $88.0 million in Q1 2025, and up 54.0% quarter-over-quarter from $50.0 million in Q4 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 $77.0 million for Q1 2026.
- On a quarterly basis, Net Income fell 12.5% year-over-year to $77.0 million in Q1 2026; TTM through Mar 2026 was $316.0 million, a 29.51% increase from a year earlier, with the FY2025 full-year figure at $433.0 million, up 41.82% from the prior year.
- Net Income improved to $77.0 million in Q1 2026 per SOBO's latest filing, from $50.0 million in the prior quarter.
- Across five years, Net Income topped out at $203.0 million in Q4 2023 and bottomed at $7.0 million in Q4 2024.
- The 4-year median for Net Income is $88.0 million (2024), against an average of $87.5 million.
- Across the five-year window, Net Income sank 96.55% in 2024 and soared 614.29% in 2025, its largest moves.
- Year by year, Net Income stood at $203.0 million in 2023, then sank by 96.55% to $7.0 million in 2024, then surged by 614.29% to $50.0 million in 2025, then jumped by 54.0% to $77.0 million in 2026.
- Per Business Quant, the three latest SOBO Net Income figures stand at $77.0 million (Q1 2026), $50.0 million (Q4 2025), and $93.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 164.78 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 19.51 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 894.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 1.30 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 847.60 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 1.98 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 487.40 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 776.00 Mn |
| 10 | South Bow | 8.06 Bn | 7.46 Bn | 417.00 Mn | 77.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 77.00 Mn |
| Dec 31, 2025 | 50.00 Mn |
| Sep 30, 2025 | 93.00 Mn |
| Jun 30, 2025 | 96.00 Mn |
| Mar 31, 2025 | 88.00 Mn |
| Dec 31, 2024 | 7.00 Mn |
| Sep 30, 2024 | 61.00 Mn |
| Jun 30, 2024 | 88.00 Mn |
| Mar 31, 2024 | 112.00 Mn |
| Dec 31, 2023 | 203.00 Mn |