South Bow (SOBO) Tax Rate (2024 - 2026)

South Bow (SOBO) posted Tax Rate of 12.0% for Q1 2026, down 20.17% on a QoQ basis from 15.03% in Q4 2025, and down 730.0% year-on-year from 1.9% in Q1 2025.

South Bow (SOBO) Tax Rate (2024 - 2026) Analysis & Trends

South Bow has disclosed Tax Rate across 3 years of filings, most recently posting 12.0% for Q1 2026.

  • Tax Rate for Q1 2026 came in at 12.0%, down 730.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.38% (down 1471.0% YoY), and the FY2025 annual result was 3.22%, down 1351.0% from the prior year.
  • Tax Rate came in at 12.0% for Q1 2026 at South Bow, down from 15.03% in the prior quarter.
  • Over the last five years, Tax Rate for SOBO reached as high as 41.82% in Q2 2024 and fell as low as 68.27% in Q3 2025.
  • Median Tax Rate over the past 3 years was 12.0% (2026), compared with a mean of 1.53%.
  • On a YoY basis, Tax Rate climbed as much as 670 bps in 2025 and fell as far as 3388 bps in 2025.
  • Over 3 years, Tax Rate stood at 8.33% in 2024, then jumped by 80 bps to 15.03% in 2025, then fell by 20 bps to 12.0% in 2026.
  • Per Business Quant, the three latest SOBO Tax Rate figures stand at 12.0% (Q1 2026), 15.03% (Q4 2025), and 68.27% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 24.82%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 22.28%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.45%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 6.40%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 20.27%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 0.11%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 24.00%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn -
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 15.08%
10 South Bow - - 417.00 Mn 12.00%

Historic Data

Download Data
DateValue
Mar 31, 2026 12.00%
Mar 31, 2026 12.00%
Dec 31, 2025 15.03%
Dec 31, 2025 15.03%
Sep 30, 2025 -68.27%
Sep 30, 2025 -68.27%
Jun 30, 2025 7.94%
Jun 30, 2025 7.94%
Mar 31, 2025 19.30%
Mar 31, 2025 19.30%
Dec 31, 2024 8.33%
Dec 31, 2024 8.33%
Sep 30, 2024 -42.22%
Sep 30, 2024 -42.22%
Jun 30, 2024 41.82%
Jun 30, 2024 41.82%
Mar 31, 2024 19.86%
Mar 31, 2024 19.86%