South Bow (SOBO) Other Working Capital Changes (2024 - 2026)

South Bow (SOBO) posted Other Working Capital Changes of -$9.0 million for Q1 2026, down 111.69% on a QoQ basis from $77.0 million in Q4 2025, and up 82.0% year-on-year from -$4.9 million in Q1 2025.

South Bow (SOBO) Other Working Capital Changes (2024 - 2026) Analysis & Trends

South Bow has disclosed Other Working Capital Changes across 3 years of filings, most recently posting -$9.0 million for Q1 2026.

  • Other Working Capital Changes for Q1 2026 came in at -$9.0 million, up 82.0% year-over-year; the trailing twelve-month figure through Mar 2026 was $76.0 million (down 11.63% YoY), and the FY2025 annual result was $35.0 million, down 43.55% from the prior year.
  • Other Working Capital Changes came in at -$9.0 million for Q1 2026 at South Bow, down from $77.0 million in the prior quarter.
  • Over the last five years, Other Working Capital Changes for SOBO reached as high as $181.0 million in Q3 2024 and fell as low as -$72.0 million in Q1 2024.
  • Median Other Working Capital Changes over the past 3 years was -$15.0 million (2025), compared with a mean of $10.0 million.
  • On a YoY basis, Other Working Capital Changes climbed as much as 375.0% in 2025 and fell as far as 108.29% in 2025.
  • Over 3 years, Other Working Capital Changes stood at -$28.0 million in 2024, then soared by 375.0% to $77.0 million in 2025, then tumbled by 111.69% to -$9.0 million in 2026.
  • Per Business Quant, the three latest SOBO Other Working Capital Changes figures stand at -$9.0 million (Q1 2026), $77.0 million (Q4 2025), and -$15.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn
10 South Bow - - 417.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -9.00 Mn
Mar 31, 2026 -9.00 Mn
Dec 31, 2025 77.00 Mn
Dec 31, 2025 77.00 Mn
Sep 30, 2025 -15.00 Mn
Sep 30, 2025 -15.00 Mn
Jun 30, 2025 23.00 Mn
Jun 30, 2025 23.00 Mn
Mar 31, 2025 -50.00 Mn
Mar 31, 2025 -50.00 Mn
Dec 31, 2024 -28.00 Mn
Dec 31, 2024 -28.00 Mn
Sep 30, 2024 181.00 Mn
Sep 30, 2024 181.00 Mn
Jun 30, 2024 -17.00 Mn
Jun 30, 2024 -17.00 Mn
Mar 31, 2024 -72.00 Mn
Mar 31, 2024 -72.00 Mn