South Bow (SOBO) Operating Income (2024 - 2026)
South Bow (SOBO) posted Operating Income of $224.0 million for Q1 2026, up 173.93% on a QoQ basis from -$303.0 million in Q4 2025, and down 7.82% year-on-year from $243.0 million in Q1 2025.
South Bow (SOBO) Operating Income (2024 - 2026) Analysis & Trends
South Bow has disclosed Operating Income across 3 years of filings, most recently posting $224.0 million for Q1 2026.
- Operating Income for Q1 2026 came in at $224.0 million, down 7.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $383.0 million (up 16.06% YoY), and the FY2025 annual result was $402.0 million, up 8.94% from the prior year.
- Operating Income came in at $224.0 million for Q1 2026 at South Bow, up from -$303.0 million in the prior quarter.
- Over the last five years, Operating Income for SOBO reached as high as $282.0 million in Q1 2024 and fell as low as -$403.0 million in Q4 2024.
- Median Operating Income over the past 3 years was $242.0 million (2024), compared with a mean of $110.6 million.
- On a YoY basis, Operating Income climbed as much as 24.81% in 2025 and fell as far as 13.83% in 2025.
- Over 3 years, Operating Income stood at -$403.0 million in 2024, then advanced by 24.81% to -$303.0 million in 2025, then surged by 173.93% to $224.0 million in 2026.
- Per Business Quant, the three latest SOBO Operating Income figures stand at $224.0 million (Q1 2026), -$303.0 million (Q4 2025), and $213.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.44 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.90 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 846.90 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.21 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 1.43 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 361.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 1.15 Bn |
| 10 | South Bow | - | - | 417.00 Mn | 224.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 224.00 Mn |
| Dec 31, 2025 | -303.00 Mn |
| Sep 30, 2025 | 213.00 Mn |
| Jun 30, 2025 | 249.00 Mn |
| Mar 31, 2025 | 243.00 Mn |
| Dec 31, 2024 | -403.00 Mn |
| Sep 30, 2024 | 242.00 Mn |
| Jun 30, 2024 | 248.00 Mn |
| Mar 31, 2024 | 282.00 Mn |