South Bow (SOBO) Net Margin (2024 - 2026)
South Bow (SOBO) reported Net Margin of 24.54% for the quarter ended Jun 30, 2026, up 6.22 percentage points from 18.32% a year earlier and up 8.86 percentage points from the prior quarter.
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Analysis
South Bow (SOBO) Net Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, South Bow's Net Margin came in at 22.99%, up 8.31 percentage points year-over-year; for the year ended Dec 31, 2025, it was 21.80%, up 12.01 percentage points from the prior year.
- By year, Net Margin came in at 9.79% in the year ended Dec 31, 2024 (-0.56 pp) and 10.35% in the year ended Dec 31, 2023.
- Five-year quarterly Net Margin spans a low of 11.27% in the quarter ended Dec 31, 2024 and a high of 31.01% in the quarter ended Dec 31, 2025.
- Year over year, Net Margin gained in four of the last six quarters, with an average year-over-year change of +5.37 percentage points.
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at 15.68% (quarter ended Mar 31, 2026), 31.01% (quarter ended Dec 31, 2025) and 20.17% (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 10.07% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 5.90% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 19.37% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 24.94% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 17.22% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 32.82% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 8.02% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 53.52% |
| 10 | South Bow | 7.08 Bn | 4.80 Bn | 485.00 Mn | 24.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 15.68% |
| Dec 31, 2025 | 31.01% |
| Sep 30, 2025 | 20.17% |
| Jun 30, 2025 | 18.32% |
| Mar 31, 2025 | 17.67% |
| Dec 31, 2024 | 11.27% |
| Sep 30, 2024 | 11.42% |
| Jun 30, 2024 | 15.88% |
| Mar 31, 2024 | 20.59% |
API Access
South Bow Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "SOBO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();