South Bow (SOBO) Operating Expenses (2024 - 2026)

South Bow's Operating Expenses history runs 3 years deep, the most recent figure standing at $193.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses rose 12.87% year-over-year to $193.0 million in Q1 2026; TTM through Mar 2026 was $1.3 billion, a 5.21% decrease from a year earlier, with the FY2025 full-year figure at $1.3 billion, down 7.56% from the prior year.
• Operating Expenses slipped to $193.0 million in Q1 2026 per SOBO's latest filing, from $736.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $798.0 million in Q4 2024 and bottomed at $168.0 million in Q3 2025.
• The 3-year median for Operating Expenses is $194.0 million (2024), against an average of $315.4 million.
• Across the five-year window, Operating Expenses retreated 13.4% in 2025 and grew 12.87% in 2026, its largest moves.
• Year by year, Operating Expenses stood at $798.0 million in 2024, then decreased by 7.77% to $736.0 million in 2025, then plunged by 73.78% to $193.0 million in 2026.
• Per Business Quant, the three latest SOBO Operating Expenses figures stand at $193.0 million (Q1 2026), $736.0 million (Q4 2025), and $168.0 million (Q3 2025).