South Bow (SOBO) Retained Earnings (2023 - 2026)
South Bow (SOBO) recorded quarterly Retained Earnings of -$149.0 million in Q1 2026, down 23.14% quarter-over-quarter from -$121.0 million in Q4 2025, and up 23.98% on a YoY basis from -$120.2 million in Q1 2025.
South Bow (SOBO) Retained Earnings (2023 - 2026) Analysis & Trends
South Bow's Retained Earnings history runs 4 years deep, the most recent figure standing at -$149.0 million for Q1 2026.
- In Q1 2026, Retained Earnings rose 23.98% year-over-year to -$149.0 million; the TTM figure through Mar 2026 stood at -$149.0 million (up 23.98% YoY), while the FY2025 annual figure was -$121.0 million, up 38.89% from the prior year.
- Retained Earnings was -$149.0 million for Q1 2026 at South Bow, down from -$121.0 million in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of -$121.0 million in Q4 2025 to a low of -$198.0 million in Q4 2024.
- Historically, Retained Earnings has averaged -$156.7 million across 4 years, with a median of -$151.0 million in 2025.
- The sharpest annual moves came in 2024 and 2025: Retained Earnings tumbled 54.69% in 2024, then jumped 38.89% in 2025.
- A 4-year view of Retained Earnings shows it stood at -$128.0 million in 2023, then sank 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.
- The last three Retained Earnings figures came in at -$149.0 million (Q1 2026), -$121.0 million (Q4 2025), and -$154.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | -14.30 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | -15.00 Mn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | -9.86 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 72.00 Mn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | 1.63 Bn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 5.00 Mn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | -14.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 2.47 Bn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | -4.25 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 |