South Bow (SOBO) Receivables (2023 - 2026)

South Bow (SOBO) recorded quarterly Receivables of $977.0 million in Q1 2026, down 38.24% quarter-over-quarter from $1.6 billion in Q4 2025, and down 12.38% on a YoY basis from $1.1 billion in Q1 2025.

South Bow (SOBO) Receivables (2023 - 2026) Analysis & Trends

South Bow's Receivables history runs 4 years deep, the most recent figure standing at $977.0 million for Q1 2026.

  • In Q1 2026, Receivables fell 12.38% year-over-year to $977.0 million; the TTM figure through Mar 2026 stood at $977.0 million (down 12.38% YoY), while the FY2025 annual figure was $1.6 billion, up 4.15% from the prior year.
  • Receivables was $977.0 million for Q1 2026 at South Bow, down from $1.6 billion in the prior quarter.
  • In the past five years, Receivables ranged from a high of $1.7 billion in Q4 2023 to a low of $977.0 million in Q1 2026.
  • Historically, Receivables has averaged $1.3 billion across 4 years, with a median of $1.1 billion in 2025.
  • The sharpest annual moves came in 2025 and 2026: Receivables grew 4.15% in 2025, then dropped 12.38% in 2026.
  • A 4-year view of Receivables shows it stood at $1.7 billion in 2023, then dropped by 9.64% to $1.5 billion in 2024, then climbed by 4.15% to $1.6 billion in 2025, then slumped by 38.24% to $977.0 million in 2026.
  • The last three Receivables figures came in at $977.0 million (Q1 2026), $1.6 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 3.01 Bn
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 8.34 Bn
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 1.58 Bn
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 15.85 Bn
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 225.25 Mn
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 1.78 Bn
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 1.69 Bn
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 3.67 Bn
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 2.16 Bn
10 South Bow - - 417.00 Mn 977.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 977.00 Mn
Dec 31, 2025 1.58 Bn
Sep 30, 2025 1.09 Bn
Jun 30, 2025 1.12 Bn
Mar 31, 2025 1.12 Bn
Dec 31, 2024 1.52 Bn
Dec 31, 2023 1.68 Bn