diff --git a/cosmos/profiles/__init__.py b/cosmos/profiles/__init__.py
index 47c7309ab..8280cd950 100644
--- a/cosmos/profiles/__init__.py
+++ b/cosmos/profiles/__init__.py
@@ -16,7 +16,8 @@
 from .redshift.user_pass import RedshiftUserPasswordProfileMapping
 from .snowflake.user_pass import SnowflakeUserPasswordProfileMapping
 from .snowflake.user_privatekey import SnowflakePrivateKeyPemProfileMapping
-from .snowflake.user_encrypted_privatekey import SnowflakeEncryptedPrivateKeyPemProfileMapping
+from .snowflake.user_encrypted_privatekey_file import SnowflakeEncryptedPrivateKeyFilePemProfileMapping
+from .snowflake.user_encrypted_privatekey_env_variable import SnowflakeEncryptedPrivateKeyPemProfileMapping
 from .spark.thrift import SparkThriftProfileMapping
 from .trino.certificate import TrinoCertificateProfileMapping
 from .trino.jwt import TrinoJWTProfileMapping
@@ -32,6 +33,7 @@
     PostgresUserPasswordProfileMapping,
     RedshiftUserPasswordProfileMapping,
     SnowflakeUserPasswordProfileMapping,
+    SnowflakeEncryptedPrivateKeyFilePemProfileMapping,
     SnowflakeEncryptedPrivateKeyPemProfileMapping,
     SnowflakePrivateKeyPemProfileMapping,
     SparkThriftProfileMapping,
@@ -71,6 +73,7 @@ def get_automatic_profile_mapping(
     "RedshiftUserPasswordProfileMapping",
     "SnowflakeUserPasswordProfileMapping",
     "SnowflakePrivateKeyPemProfileMapping",
+    "SnowflakeEncryptedPrivateKeyFilePemProfileMapping",
     "SparkThriftProfileMapping",
     "ExasolUserPasswordProfileMapping",
     "TrinoLDAPProfileMapping",
diff --git a/cosmos/profiles/snowflake/__init__.py b/cosmos/profiles/snowflake/__init__.py
index 26c3fb595..fdf323a76 100644
--- a/cosmos/profiles/snowflake/__init__.py
+++ b/cosmos/profiles/snowflake/__init__.py
@@ -2,10 +2,12 @@
 
 from .user_pass import SnowflakeUserPasswordProfileMapping
 from .user_privatekey import SnowflakePrivateKeyPemProfileMapping
-from .user_encrypted_privatekey import SnowflakeEncryptedPrivateKeyPemProfileMapping
+from .user_encrypted_privatekey_file import SnowflakeEncryptedPrivateKeyFilePemProfileMapping
+from .user_encrypted_privatekey_env_variable import SnowflakeEncryptedPrivateKeyPemProfileMapping
 
 __all__ = [
     "SnowflakeUserPasswordProfileMapping",
     "SnowflakePrivateKeyPemProfileMapping",
+    "SnowflakeEncryptedPrivateKeyFilePemProfileMapping",
     "SnowflakeEncryptedPrivateKeyPemProfileMapping",
 ]
diff --git a/cosmos/profiles/snowflake/user_encrypted_privatekey_env_variable.py b/cosmos/profiles/snowflake/user_encrypted_privatekey_env_variable.py
new file mode 100644
index 000000000..3fa7aaaf4
--- /dev/null
+++ b/cosmos/profiles/snowflake/user_encrypted_privatekey_env_variable.py
@@ -0,0 +1,86 @@
+"Maps Airflow Snowflake connections to dbt profiles if they use a user/private key."
+from __future__ import annotations
+
+import json
+from typing import TYPE_CHECKING, Any
+
+from ..base import BaseProfileMapping
+
+if TYPE_CHECKING:
+    from airflow.models import Connection
+
+
+class SnowflakeEncryptedPrivateKeyPemProfileMapping(BaseProfileMapping):
+    """
+    Maps Airflow Snowflake connections to dbt profiles if they use a user/private key.
+    https://docs.getdbt.com/docs/core/connect-data-platform/snowflake-setup#key-pair-authentication
+    https://airflow.apache.org/docs/apache-airflow-providers-snowflake/stable/connections/snowflake.html
+    """
+
+    airflow_connection_type: str = "snowflake"
+    dbt_profile_type: str = "snowflake"
+    is_community: bool = True
+
+    required_fields = [
+        "account",
+        "user",
+        "database",
+        "warehouse",
+        "schema",
+        "private_key",
+        "private_key_passphrase",
+    ]
+    secret_fields = [
+        "private_key",
+        "private_key_passphrase",
+    ]
+    airflow_param_mapping = {
+        "account": "extra.account",
+        "user": "login",
+        "database": "extra.database",
+        "warehouse": "extra.warehouse",
+        "schema": "schema",
+        "role": "extra.role",
+        "private_key": "extra.private_key_content",
+        "private_key_passphrase": "password",
+    }
+
+    @property
+    def conn(self) -> Connection:
+        """
+        Snowflake can be odd because the fields used to be stored with keys in the format
+        'extra__snowflake__account', but now are stored as 'account'.
+
+        This standardizes the keys to be 'account', 'database', etc.
+        """
+        conn = super().conn
+
+        conn_dejson = conn.extra_dejson
+
+        if conn_dejson.get("extra__snowflake__account"):
+            conn_dejson = {key.replace("extra__snowflake__", ""): value for key, value in conn_dejson.items()}
+
+        conn.extra = json.dumps(conn_dejson)
+
+        return conn
+
+    @property
+    def profile(self) -> dict[str, Any | None]:
+        "Gets profile."
+        profile_vars = {
+            **self.mapped_params,
+            **self.profile_args,
+            "private_key": self.get_env_var_format("private_key"),
+            "private_key_passphrase": self.get_env_var_format("private_key_passphrase"),
+        }
+
+        # remove any null values
+        return self.filter_null(profile_vars)
+
+    def transform_account(self, account: str) -> str:
+        "Transform the account to the format <account>.<region> if it's not already."
+        region = self.conn.extra_dejson.get("region")
+        if region and region not in account:
+            account = f"{account}.{region}"
+
+        return str(account)
diff --git a/cosmos/profiles/snowflake/user_encrypted_privatekey.py b/cosmos/profiles/snowflake/user_encrypted_privatekey_file.py
similarity index 95%
rename from cosmos/profiles/snowflake/user_encrypted_privatekey.py
rename to cosmos/profiles/snowflake/user_encrypted_privatekey_file.py
index 0623598be..96e45080a 100644
--- a/cosmos/profiles/snowflake/user_encrypted_privatekey.py
+++ b/cosmos/profiles/snowflake/user_encrypted_privatekey_file.py
@@ -1,4 +1,4 @@
-"Maps Airflow Snowflake connections to dbt profiles if they use a user/private key."
+"Maps Airflow Snowflake connections to dbt profiles if they use a user/private key path."
 from __future__ import annotations
 
 import json
@@ -10,9 +10,9 @@
     from airflow.models import Connection
 
 
-class SnowflakeEncryptedPrivateKeyPemProfileMapping(BaseProfileMapping):
+class SnowflakeEncryptedPrivateKeyFilePemProfileMapping(BaseProfileMapping):
     """
-    Maps Airflow Snowflake connections to dbt profiles if they use a user/private key.
+    Maps Airflow Snowflake connections to dbt profiles if they use a user/private key path.
     https://docs.getdbt.com/docs/core/connect-data-platform/snowflake-setup#key-pair-authentication
     https://airflow.apache.org/docs/apache-airflow-providers-snowflake/stable/connections/snowflake.html
     """
diff --git a/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_env_variable.py b/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_env_variable.py
new file mode 100644
index 000000000..64c33d337
--- /dev/null
+++ b/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_env_variable.py
@@ -0,0 +1,216 @@
+"Tests for the Snowflake user/private key file profile."
+
+import json
+from unittest.mock import patch
+
+import pytest
+from airflow.models.connection import Connection
+
+from cosmos.profiles import get_automatic_profile_mapping
+from cosmos.profiles.snowflake import (
+    SnowflakeEncryptedPrivateKeyFilePemProfileMapping,
+)
+
+
+@pytest.fixture()
+def mock_snowflake_conn():  # type: ignore
+    """
+    Sets the connection as an environment variable.
+    """
+    conn = Connection(
+        conn_id="my_snowflake_pk_connection",
+        conn_type="snowflake",
+        login="my_user",
+        schema="my_schema",
+        password="secret",
+        extra=json.dumps(
+            {
+                "account": "my_account",
+                "region": "my_region",
+                "database": "my_database",
+                "warehouse": "my_warehouse",
+                "private_key_content": "my_private_key",
+            }
+        ),
+    )
+
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        yield conn
+
+
+def test_connection_claiming() -> None:
+    """
+    Tests that the Snowflake profile mapping claims the correct connection type.
+    """
+    potential_values = {
+        "conn_type": "snowflake",
+        "login": "my_user",
+        "schema": "my_database",
+        "password": "secret",
+        "extra": json.dumps(
+            {
+                "account": "my_account",
+                "database": "my_database",
+                "warehouse": "my_warehouse",
+                "private_key_content": "my_private_key",
+            }
+        ),
+    }
+
+    # if we're missing any of the values, it shouldn't claim
+    for key in potential_values:
+        values = potential_values.copy()
+        del values[key]
+        conn = Connection(**values)  # type: ignore
+
+        print("testing with", values)
+
+        with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+            profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(
+                conn,
+            )
+            assert not profile_mapping.can_claim_connection()
+
+    # test when we're missing the account
+    conn = Connection(**potential_values)  # type: ignore
+    conn.extra = '{"database": "my_database", "warehouse": "my_warehouse", "private_key_content": "my_private_key"}'
+    print("testing with", conn.extra)
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(conn)
+        assert not profile_mapping.can_claim_connection()
+
+    # test when we're missing the database
+    conn = Connection(**potential_values)  # type: ignore
+    conn.extra = '{"account": "my_account", "warehouse": "my_warehouse", "private_key_content": "my_private_key"}'
+    print("testing with", conn.extra)
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(conn)
+        assert not profile_mapping.can_claim_connection()
+
+    # test when we're missing the warehouse
+    conn = Connection(**potential_values)  # type: ignore
+    conn.extra = '{"account": "my_account", "database": "my_database", "private_key_content": "my_private_key"}'
+    print("testing with", conn.extra)
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(conn)
+        assert not profile_mapping.can_claim_connection()
+
+    # if we have them all, it should claim
+    conn = Connection(**potential_values)  # type: ignore
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(conn)
+        assert profile_mapping.can_claim_connection()
+
+
+def test_profile_mapping_selected(
+    mock_snowflake_conn: Connection,
+) -> None:
+    """
+    Tests that the correct profile mapping is selected.
+    """
+    profile_mapping = get_automatic_profile_mapping(
+        mock_snowflake_conn.conn_id,
+    )
+    assert isinstance(profile_mapping, SnowflakeEncryptedPrivateKeyFilePemProfileMapping)
+
+
+def test_profile_args(
+    mock_snowflake_conn: Connection,
+) -> None:
+    """
+    Tests that the profile values get set correctly.
+    """
+    profile_mapping = get_automatic_profile_mapping(
+        mock_snowflake_conn.conn_id,
+    )
+
+    mock_account = mock_snowflake_conn.extra_dejson.get("account")
+    mock_region = mock_snowflake_conn.extra_dejson.get("region")
+
+    assert profile_mapping.profile == {
+        "type": mock_snowflake_conn.conn_type,
+        "user": mock_snowflake_conn.login,
+        "private_key": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY') }}",
+        "private_key_passphrase": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY_PASSPHRASE') }}",
+        "schema": mock_snowflake_conn.schema,
+        "account": f"{mock_account}.{mock_region}",
+        "database": mock_snowflake_conn.extra_dejson.get("database"),
+        "warehouse": mock_snowflake_conn.extra_dejson.get("warehouse"),
+    }
+
+
+def test_profile_args_overrides(
+    mock_snowflake_conn: Connection,
+) -> None:
+    """
+    Tests that you can override the profile values.
+    """
+    profile_mapping = get_automatic_profile_mapping(
+        mock_snowflake_conn.conn_id,
+        profile_args={"database": "my_db_override"},
+    )
+    assert profile_mapping.profile_args == {
+        "database": "my_db_override",
+    }
+
+    mock_account = mock_snowflake_conn.extra_dejson.get("account")
+    mock_region = mock_snowflake_conn.extra_dejson.get("region")
+
+    assert profile_mapping.profile == {
+        "type": mock_snowflake_conn.conn_type,
+        "user": mock_snowflake_conn.login,
+        "private_key_passphrase": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY_PASSPHRASE') }}",
+        "private_key": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY') }}",
+        "schema": mock_snowflake_conn.schema,
+        "account": f"{mock_account}.{mock_region}",
+        "database": "my_db_override",
+        "warehouse": mock_snowflake_conn.extra_dejson.get("warehouse"),
+    }
+
+
+def test_profile_env_vars(
+    mock_snowflake_conn: Connection,
+) -> None:
+    """
+    Tests that the environment variables get set correctly.
+    """
+    profile_mapping = get_automatic_profile_mapping(
+        mock_snowflake_conn.conn_id,
+    )
+    assert profile_mapping.env_vars == {
+        "COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY_PASSPHRASE": mock_snowflake_conn.password,
+    }
+
+
+def test_old_snowflake_format() -> None:
+    """
+    Tests that the old format still works.
+    """
+    conn = Connection(
+        conn_id="my_snowflake_connection",
+        conn_type="snowflake",
+        login="my_user",
+        schema="my_schema",
+        password="secret",
+        extra=json.dumps(
+            {
+                "extra__snowflake__account": "my_account",
+                "extra__snowflake__database": "my_database",
+                "extra__snowflake__warehouse": "my_warehouse",
+                "extra__snowflake__private_key_content": "my_private_key",
+            }
+        ),
+    )
+
+    with patch("airflow.hooks.base.BaseHook.get_connection", return_value=conn):
+        profile_mapping = SnowflakeEncryptedPrivateKeyFilePemProfileMapping(conn)
+        assert profile_mapping.profile == {
+            "type": conn.conn_type,
+            "user": conn.login,
+            "private_key": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY') }}",
+            "private_key_passphrase": "{{ env_var('COSMOS_CONN_SNOWFLAKE_PRIVATE_KEY_PASSPHRASE') }}",
+            "schema": conn.schema,
+            "account": conn.extra_dejson.get("account"),
+            "database": conn.extra_dejson.get("database"),
+            "warehouse": conn.extra_dejson.get("warehouse"),
+        }
diff --git a/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey.py b/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_file.py
similarity index 99%
rename from tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey.py
rename to tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_file.py
index b61b85094..b3ccde977 100644
--- a/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey.py
+++ b/tests/profiles/snowflake/test_snowflake_user_encrypted_privatekey_file.py
@@ -1,4 +1,4 @@
-"Tests for the Snowflake user/private key profile."
+"Tests for the Snowflake user/private key file profile."
 
 import json
 from unittest.mock import patch