South Bow (SOBO) Retained Earnings (2023 - 2026)
South Bow (SOBO) posted Retained Earnings of -$149.0 million for Q1 2026, down 23.14% on a QoQ basis from -$121.0 million in Q4 2025, and up 23.98% year-on-year from -$120.2 million in Q1 2025.
South Bow (SOBO) Retained Earnings (2023 - 2026) Analysis & Trends
South Bow has disclosed Retained Earnings across 4 years of filings, most recently posting -$149.0 million for Q1 2026.
- Retained Earnings for Q1 2026 came in at -$149.0 million, up 23.98% year-over-year; the trailing twelve-month figure through Mar 2026 was -$149.0 million (up 23.98% YoY), and the FY2025 annual result was -$121.0 million, up 38.89% from the prior year.
- Retained Earnings came in at -$149.0 million for Q1 2026 at South Bow, down from -$121.0 million in the prior quarter.
- Over the last five years, Retained Earnings for SOBO reached as high as -$121.0 million in Q4 2025 and fell as low as -$198.0 million in Q4 2024.
- Median Retained Earnings over the past 4 years was -$151.0 million (2025), compared with a mean of -$156.7 million.
- Year-over-year, Retained Earnings slumped 54.69% in 2024 and surged 38.89% in 2025.
- Over 4 years, Retained Earnings stood at -$128.0 million in 2023, then tumbled by 54.69% to -$198.0 million in 2024, then soared by 38.89% to -$121.0 million in 2025, then retreated by 23.14% to -$149.0 million in 2026.
- Per Business Quant, the three latest SOBO Retained Earnings figures stand at -$149.0 million (Q1 2026), -$121.0 million (Q4 2025), and -$154.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | -9.86 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | -15.00 Mn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | -14.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 2.47 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | -2.86 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 5.16 Bn |
| 10 | South Bow | - | - | 417.00 Mn | -149.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -149.00 Mn |
| Dec 31, 2025 | -121.00 Mn |
| Sep 30, 2025 | -154.00 Mn |
| Jun 30, 2025 | -151.00 Mn |
| Mar 31, 2025 | -196.00 Mn |
| Dec 31, 2024 | -198.00 Mn |
| Dec 31, 2023 | -128.00 Mn |