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| Date | Value |
|---|---|
| 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% |