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
DateValue
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