South Bow (SOBO) Receivables (2023 - 2026)

South Bow (SOBO) posted Receivables of $977.0 million for Q1 2026, down 38.24% on a QoQ basis from $1.6 billion in Q4 2025, and down 12.38% year-on-year from $1.1 billion in Q1 2025.

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

South Bow has disclosed Receivables across 4 years of filings, most recently posting $977.0 million for Q1 2026.

  • Receivables for Q1 2026 came in at $977.0 million, down 12.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $977.0 million (down 12.38% YoY), and the FY2025 annual result was $1.6 billion, up 4.15% from the prior year.
  • Receivables came in at $977.0 million for Q1 2026 at South Bow, down from $1.6 billion in the prior quarter.
  • Over the last five years, Receivables for SOBO reached as high as $1.7 billion in Q4 2023 and fell as low as $977.0 million in Q1 2026.
  • Median Receivables over the past 4 years was $1.1 billion (2025), compared with a mean of $1.3 billion.
  • Year-over-year, Receivables increased 4.15% in 2025 and declined 12.38% in 2026.
  • Over 4 years, Receivables 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 plunged by 38.24% to $977.0 million in 2026.
  • Per Business Quant, the three latest SOBO Receivables figures stand at $977.0 million (Q1 2026), $1.6 billion (Q4 2025), and $1.1 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Receivables (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 7.69 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.58 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.00 Mn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 15.85 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 1.69 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.78 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 3.67 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 734.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 810.00 Mn
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