CompanyGraph
What stands out
- Returns appear driven by leverage
- Pays more per share than it earned over the last twelve months
At a glance
- Depends onMidstream position: 5 outgoing, 5 incoming connections
- ScaleMarket cap is $7.89B, above the global median of $1.18B
- PositionGross margin is 86.3%, higher than 95% of its Oil & Gas Midstream peers (median 33.8%)
- Interpretations12 currently firing — 12
Sign in to view price data.
Sign inWhat the company actually pays, and whether its own cash supports it.
What stands out
- Pays more per share than it earned over the last twelve months
Dividends view
Yield
8.25%Above 5Y avg (7.33%)
Annual Rate
USD 3.16Paid quarterly
Payout Ratio
104.7%High
Consecutive Growth
8 yr
Paying Dividends
10 yr
Payback Period
12.2 yr
Last Ex-Dividend
Aug 6, 2026
Last Payment
Aug 14, 2026
The reported statements, read against the company's own industry.
What stands out
- Returns appear driven by leverage
Financials view
Market Capitalization
7.89BUSDvs all stocks (USD)
Trailing P/E
13.19xvs Oil & Gas Midstream peers
Revenue (TTM)
1.61BUSDvs all stocks (USD)
Profit Margin
23.23%vs Oil & Gas Midstream peers
Beta
0.4960xvs all stocks
52-Week Change
10.26%vs all stocks
Forward Annual Dividend Yield
8.25%vs all stocks
Market Capitalization
7.89BUSDvs all stocks (USD)
Enterprise Value
8.46BUSDvs all stocks (USD)
Trailing P/E
13.19xvs Oil & Gas Midstream peers
Forward P/E
12.37xvs Oil & Gas Midstream peers
PEG Ratio
9.76xvs Oil & Gas Midstream peers
Price to Sales (TTM)
4.89xvs Oil & Gas Midstream peers
Price to Book (MRQ)
9.54xvs Oil & Gas Midstream peers
Enterprise to Revenue
5.24xvs Oil & Gas Midstream peers
Enterprise to EBITDA
6.90xvs Oil & Gas Midstream peers
Gross Margin
86.32%vs Oil & Gas Midstream peers
Profit Margin
23.23%vs Oil & Gas Midstream peers
Operating Margin
63.46%vs Oil & Gas Midstream peers
Return on Assets (TTM)
14.43%vs Oil & Gas Midstream peers
Return on Equity (TTM)
150.71%vs Oil & Gas Midstream peers
Revenue (TTM)
1.61BUSDvs all stocks (USD)
Revenue per Share (TTM)
12.48USDUpdated Sep 27, 2026Quarterly Revenue Growth
-3.70%vs Oil & Gas Midstream peers
Gross Profit (TTM)
1.25BUSDvs all stocks (USD)
EBITDA (TTM)
1.24BUSDvs all stocks (USD)
Net Income (TTM)
375.00MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
6.80%vs Oil & Gas Midstream peers
Operating Cash Flow (TTM)
1.04BUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
499.41MUSDvs all stocks (USD)
Forward Annual Dividend Rate
3.16USDUpdated Sep 27, 2026Forward Annual Dividend Yield
8.25%vs all stocks
Trailing Annual Dividend Rate
3.09USDUpdated Sep 27, 2026Trailing Annual Dividend Yield
8.07%vs all stocks
5-Year Average Dividend Yield
7.33%vs all stocks
Payout Ratio
104.66%vs Oil & Gas Midstream peers
Minority Interest (Equity)
-130.40MUSDFY2025 · Dec 31, 2025Revenue
1.62BUSDFY2025 · Dec 31, 2025Cost of Goods Sold
214.10MUSDFY2025 · Dec 31, 2025Gross Profit
1.40BUSDFY2025 · Dec 31, 2025Operating Income
1.01BUSDvs all stocks (USD)
Pre-tax Income
798.40MUSDFY2025 · Dec 31, 2025Income Tax Expense
113.80MUSDFY2025 · Dec 31, 2025Net Income
684.60MUSDFY2025 · Dec 31, 2025EBIT
1.02BUSDFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.22BUSDFY2025 · Dec 31, 2025Selling, General & Administrative
28.50MUSDFY2025 · Dec 31, 2025Other Operating Expenses
-4.10MUSDFY2025 · Dec 31, 2025Non-operating Interest Expense
225.60MUSDFY2025 · Dec 31, 2025EPS (Basic)
2.87USDFY2025 · Dec 31, 2025EPS (Diluted)
2.86USDFY2025 · Dec 31, 2025Basic Shares Outstanding
123.10MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
123.10MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
684.60MUSDFY2025 · Dec 31, 2025Minority Interests (P&L)
-331.70MUSDFY2025 · Dec 31, 2025Operating Cash Flow
971.90MUSDFY2025 · Dec 31, 2025Free Cash Flow
716.30MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.90MUSDFY2025 · Dec 31, 2025Starting Profit (CF Statement)
684.60MUSDFY2025 · Dec 31, 2025Depreciation & Amortization
214.10MUSDFY2025 · Dec 31, 2025Deferred Taxes (CF)
113.70MUSDFY2025 · Dec 31, 2025Stock-based Compensation
1.60MUSDFY2025 · Dec 31, 2025Other Non-cash Items
14.10MUSDFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
-11.10MUSDFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
-40.40MUSDFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
-4.70MUSDFY2025 · Dec 31, 2025Capital Expenditures
-255.60MUSDFY2025 · Dec 31, 2025Net Investing Cash Flow
-255.60MUSDFY2025 · Dec 31, 2025Long-term Debt Issuance
800.00MUSDFY2025 · Dec 31, 2025Long-term Debt Payments
-822.50MUSDFY2025 · Dec 31, 2025Net Short-term Debt Issuance
323.00MUSDFY2025 · Dec 31, 2025Common Stock Repurchase
-400.00MUSDFY2025 · Dec 31, 2025Common Dividends Paid
-350.20MUSDFY2025 · Dec 31, 2025Other Financing Charges
-280.90MUSDFY2025 · Dec 31, 2025Net Financing Cash Flow
-730.60MUSDFY2025 · Dec 31, 2025Shares Outstanding
128.35MSharesUpdated Sep 27, 2026Float Shares
127.59MSharesUpdated Sep 27, 2026Shares Short
7.37MSharesUpdated Sep 27, 2026Short Ratio
5.51daysvs all stocks
Short % of Shares Outstanding
7.56%vs all stocks
% Held by Insiders
0.86%vs all stocks
% Held by Institutions
89.65%vs all stocks
Total Cash (MRQ)
5.00MUSDvs all stocks (USD)
Total Cash per Share (MRQ)
0.0390USDUpdated Sep 27, 2026Total Debt (MRQ)
3.68BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
9.48xvs Oil & Gas Midstream peers
Current Ratio (MRQ)
0.7710xvs Oil & Gas Midstream peers
Book Value per Share (MRQ)
4.01USDUpdated Sep 27, 2026Total Assets
4.39BUSDvs all stocks (USD)
Total Current Assets
159.00MUSDFY2025 · Dec 31, 2025Total Liabilities
3.95BUSDFY2025 · Dec 31, 2025Total Non-current Assets
4.23BUSDFY2025 · Dec 31, 2025Total Non-current Liabilities
3.76BUSDFY2025 · Dec 31, 2025Total Current Liabilities
187.80MUSDFY2025 · Dec 31, 2025Cash & Cash Equivalents
1.90MUSDFY2025 · Dec 31, 2025Accounts Receivable
150.20MUSDFY2025 · Dec 31, 2025Accounts Payable
24.90MUSDFY2025 · Dec 31, 2025Short-term Debt
32.50MUSDFY2025 · Dec 31, 2025Other Current Liabilities
200.00KUSDFY2025 · Dec 31, 2025Long-term Debt
3.74BUSDFY2025 · Dec 31, 2025Other Non-current Liabilities
22.60MUSDFY2025 · Dec 31, 2025Total Shareholders' Equity
437.90MUSDvs all stocks (USD)
52-Week Low
31.63USDUpdated Sep 27, 202652-Week High
41.44USDUpdated Sep 27, 202652-Week Change
10.26%vs all stocks
Beta
0.4960xvs all stocks
50-Day MA
39.95USDUpdated Sep 27, 2026200-Day MA
38.09USDUpdated Sep 27, 2026Avg 10-Day Volume
1.40MSharesUpdated Sep 27, 2026Avg 30-Day Volume
1.38MSharesUpdated Sep 27, 2026Diluted EPS (TTM)
2.90USDUpdated Sep 27, 2026Other Income / Expense
15.90MUSDFY2025 · Dec 31, 202512 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
Elevated ROE With High Debt-to-Equity and Equity Multiplier
Return on equity reads high on a balance sheet carrying a lot of debt against that equity.
Reads
Diagnostic
Rising Operating Income With Low Depreciation on a Capital-Heavy Balance Sheet
Operating income rose four years, with small depreciation on a capital-heavy balance sheet.
Reads
Cash Backing With Revenue And Income Streaks
Revenue has risen in each of three years, profit in all three, and it holds more cash than debt.
Reads
FCF Ratios Elevated
Its free cash flow is large next to assets and equity, and more of its operating cash reaches it than in its industry.
Reads
High ROE Relative To Gross Margin
Its return on equity is high for the gross margin it earns, with revenue up three years and profit in all five.
Reads
Industry-Benchmarked ROA and Margin Elevated
Returns and margins have sat in the top of its industry across five years.
Reads
Three Margin Ratios Elevated Across Gross, Operating, And Net Levels
Its gross and net margins are high for its industry, and its operating margin is high outright.
Reads
ROE, ROA, And Operating ROA Elevated
It earns more on its equity than its industry does, and on its assets too — not on borrowing alone.
Reads
Is this company growing?
Multi-Year Revenue, Profit, And Income Growth
Revenue has risen in each of three years, gross profit in each of four, and it has made a profit in all five.
Reads
Revenue Growth With Elevated Margin
Revenue up in each of five years, while its operating margin stays high.
Reads
Where is this company structurally exposed?
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
Reads
Receivables Heavy and Growing
Money owed by customers keeps growing, and is much of its current assets.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 86.3%, higher than 95% of its Oil & Gas Midstream peers (median 33.8%)Significant
Gross margin: 0.86Industry median: 0.34Industry P95: 0.80Peers compared: 20.00
Operating margin is 63.5%, higher than 95% of its Oil & Gas Midstream peers (median 25.2%)Significant
Operating margin: 0.63Industry median: 0.25Industry P95: 0.51Peers compared: 20.00
Return on equity is 150.7%, higher than 95% of its Oil & Gas Midstream peers (median 12.9%)Significant
Return on equity: 1.51Industry median: 0.13Industry P95: 0.48Peers compared: 20.00
Debt-to-equity is 9.48×, higher than 95% of its Oil & Gas Midstream peers (median 0.6×)Significant
Debt-to-equity: 9.48Industry median: 0.60Industry P95: 3.65Peers compared: 20.00
Structural Tensions
Returns appear driven by leverageSignificant
Return on Equity: 1.51Debt-to-Equity: 9.48
Pays more per share than it earned over the last twelve monthsSignificant
Payout Ratio: 1.05Dividend per Share: 3.09Earnings per Share: 2.90
Prioritizing buybacks over growth reinvestmentNotable
Buyback Intensity: 0.05Revenue Growth YoY: -0.04
Financial Health
Altman Z-Score 2.33: grey zoneSignificant
Altman Z-Score: 2.33
High earnings qualityNotable
Earnings Quality Score: 1.28
High structural barrier to entryNotable
Barrier to Entry: 0.91
Supply Chain
Midstream position: 5 outgoing, 5 incoming connectionsNotable
Outgoing: 5.00Incoming: 5.00
High connectivity hub: 10 industry connectionsNotable
Total Connections: 10.00
Scale
Market cap is $7.89B, above the global median of $1.18BNotable
Market cap (USD): 7,886,322,499Global Median: 1,180,223,658.953
Revenue is $1.61B, above the global median of $548.88MNotable
Revenue (USD): 1,614,200,064Global Median: 548,883,780.48
Levered free cash flow is $499.41M, above the global median of $18.73MNotable
Levered free cash flow (USD): 499,412,512Global Median: 18,729,043.027
Companies that share the same coordination system — how they create, deliver, or capture value.
Core & Main Inc.
Tier 1FlowThroughput-Bound ConversionInterfaceProduction
Sinopharm Group Co., Ltd.
Tier 1FlowThroughput-Bound ConversionProductionRisk
Bharti Hexacom Ltd.
Tier 1FlowThroughput-Bound ConversionRule
China Merchants Port Holdings Company Limited
Tier 1FlowThroughput-Bound ConversionProductionInterface
China Merchants Port Group Co. Ltd.
Tier 1FlowThroughput-Bound ConversionInterfaceProduction
Elisa Oyj
Tier 1FlowThroughput-Bound ConversionRuleProduction
Saia Inc.
Tier 1FlowThroughput-Bound ConversionProductionInterface
National Shipping Company of Saudi Arabia
Tier 1FlowThroughput-Bound ConversionProductionRisk
Bid Corporation Limited
Tier 1FlowThroughput-Bound ConversionRiskProduction
Kinetik Holdings Inc.
Tier 1FlowThroughput-Bound ConversionProductionRisk
Companies that share active interpretations — structural patterns currently present in both stocks.
Nirlon Ltd.
9 interpretationsRising Operating Income With Low Depreciation on a Capital-Heavy Balance SheetCash Backing With Revenue And Income StreaksFCF Ratios ElevatedROE, ROA, And Operating ROA ElevatedElevated ROE With High Debt-to-Equity and Equity MultiplierMulti-Year Revenue, Profit, And Income GrowthRevenue Growth With Elevated MarginIndustry-Benchmarked ROA and Margin ElevatedThree Margin Ratios Elevated Across Gross, Operating, And Net Levels
Polyus PJSC
8 interpretationsCash Backing With Revenue And Income StreaksROE, ROA, And Operating ROA ElevatedElevated ROE With High Debt-to-Equity and Equity MultiplierMulti-Year Revenue, Profit, And Income GrowthRevenue Growth With Elevated MarginIndustry-Benchmarked ROA and Margin ElevatedHigh ROE Relative To Gross MarginThree Margin Ratios Elevated Across Gross, Operating, And Net Levels
Scout24 SE
8 interpretationsRising Operating Income With Low Depreciation on a Capital-Heavy Balance SheetCash Backing With Revenue And Income StreaksFCF Ratios ElevatedROE, ROA, And Operating ROA ElevatedMulti-Year Revenue, Profit, And Income GrowthRevenue Growth With Elevated MarginIndustry-Benchmarked ROA and Margin ElevatedThree Margin Ratios Elevated Across Gross, Operating, And Net Levels
Supply Chain
Liquefied Natural Gas Supply Chain
Follow gas from reservoir to processing, liquefaction, cryogenic storage, ocean transport, regasification, pipeline delivery, use, and retirement. LNG preserves a molecule across distance, but each handoff can spend energy, capacity, money, and evidence.
Natural Gas Pipeline Supply Chain
Follow gas from wells through gathering, processing, transmission, compression, storage, distribution, meters, use, and retirement. Gas abundance, nominations, and storage inventories do not by themselves establish that a particular burner will receive fuel during a disturbance.
Oil and Gas Supply Chain
Follow oil and gas from reservoir through wells, separation, divergent transport and processing routes, use, emissions, and abandonment. A resource estimate or barrel count does not establish the particular fuel, molecule, pressure, timing, or waste route a user needs.