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
DateValue
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