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

South Bow has disclosed Operating Expenses across 4 years of filings, most recently posting $193.0 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $193.0 million, up 12.87% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (down 5.21% YoY), and the FY2025 annual result was $1.3 billion, down 7.56% from the prior year.
• Operating Expenses came in at $193.0 million for Q1 2026 at South Bow, down from $736.0 million in the prior quarter.
• Over the last five years, Operating Expenses for SOBO reached as high as $798.0 million in Q4 2024 and fell as low as $3.0 million in Q4 2023.
• Median Operating Expenses over the past 4 years was $193.5 million (2024), compared with a mean of $284.2 million.
• Year-over-year, Operating Expenses surged 26500.0% in 2024 and fell 13.4% in 2025.
• Over 4 years, Operating Expenses stood at $3.0 million in 2023, then surged by 26500.0% to $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).