South Bow (SOBO) Tax Rate (2024 - 2026)
South Bow's (SOBO) quarterly Tax Rate came in at 12.0% in Q1 2026, down 730.0% year-on-year from 1.9% in Q1 2025, and down 82.17% quarter-over-quarter from 67.32% in Q4 2025.
South Bow (SOBO) Tax Rate (2024 - 2026) Analysis & Trends
South Bow's Tax Rate history runs 3 years deep, the most recent figure standing at 12.0% for Q1 2026.
- On a quarterly basis, Tax Rate fell 730.0% year-over-year to 12.0% in Q1 2026; TTM through Mar 2026 was 11.18%, a 1343.0% decrease from a year earlier, with the FY2025 full-year figure at 12.88%, down 1152.0% from the prior year.
- Tax Rate declined to 12.0% in Q1 2026 per SOBO's latest filing, from 67.32% in the prior quarter.
- Across five years, Tax Rate topped out at 90.28% in Q4 2024 and bottomed at 68.27% in Q3 2025.
- The 3-year median for Tax Rate is 19.3% (2025), against an average of 16.45%.
- Biggest YoY gain for Tax Rate was 56 bps in 2025; the steepest drop was 3388 bps in 2025.
- Year by year, Tax Rate stood at 90.28% in 2024, then decreased by 25 bps to 67.32% in 2025, then sank by 82 bps to 12.0% in 2026.
- Per Business Quant, the three latest SOBO Tax Rate figures stand at 12.0% (Q1 2026), 67.32% (Q4 2025), and 68.27% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | South Bow | 8.06 Bn | 7.46 Bn | 417.00 Mn | 12.00% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.00% |
| Mar 31, 2026 | 12.00% |
| Mar 31, 2026 | 12.00% |
| Dec 31, 2025 | 67.32% |
| Dec 31, 2025 | 67.32% |
| Dec 31, 2025 | 67.32% |
| Sep 30, 2025 | -68.27% |
| Sep 30, 2025 | -68.27% |
| Sep 30, 2025 | -68.27% |
| Jun 30, 2025 | 7.94% |
| Jun 30, 2025 | 7.94% |
| Jun 30, 2025 | 7.94% |
| Mar 31, 2025 | 19.30% |
| Mar 31, 2025 | 19.30% |
| Mar 31, 2025 | 19.30% |
| Dec 31, 2024 | 90.28% |
| Dec 31, 2024 | 90.28% |
| Dec 31, 2024 | 90.28% |
| Sep 30, 2024 | -42.22% |
| Sep 30, 2024 | -42.22% |