CompanyGraph
What stands out
- 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 $12.41B, above the global median of $1.15B
- PositionOperating margin is -2.9%, lower than 95% of its Oil & Gas Midstream peers (median 24.5%)
- Interpretations2 currently firing — 2
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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
3.65%Below 5Y avg (5.50%)
Annual Rate
USD 1.54Paid quarterly
Payout Ratio
270.9%High
Consecutive Growth
2 yr
Paying Dividends
12 yr
Payback Period
38.6 yr
Last Ex-Dividend
Jun 15, 2026
Last Payment
Jun 30, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
12.41BUSDvs all stocks (USD)
Trailing P/E
75.50xvs Oil & Gas Midstream peers
Revenue (TTM)
4.55BUSDvs all stocks (USD)
Profit Margin
2.81%vs Oil & Gas Midstream peers
Beta
0.8180xvs all stocks
52-Week Change
32.46%vs all stocks
Forward Annual Dividend Yield
3.65%vs all stocks
Market Capitalization
12.41BUSDvs all stocks (USD)
Enterprise Value
9.61BUSDvs all stocks (USD)
Trailing P/E
75.50xvs Oil & Gas Midstream peers
PEG Ratio
-0.3912xvs Oil & Gas Midstream peers
Price to Sales (TTM)
1.94xvs Oil & Gas Midstream peers
Price to Book (MRQ)
5.46xvs Oil & Gas Midstream peers
Enterprise to Revenue
2.11xvs Oil & Gas Midstream peers
Enterprise to EBITDA
14.77xvs Oil & Gas Midstream peers
Profit Margin
2.81%vs Oil & Gas Midstream peers
Operating Margin
-2.95%vs Oil & Gas Midstream peers
Return on Assets (TTM)
3.24%vs Oil & Gas Midstream peers
Return on Equity (TTM)
6.71%vs Oil & Gas Midstream peers
Revenue (TTM)
4.55BUSDvs all stocks (USD)
Revenue per Share (TTM)
27.89USDUpdated Jul 19, 2026Quarterly Revenue Growth
-26.10%vs Oil & Gas Midstream peers
Gross Profit (TTM)
804.46MUSDvs all stocks (USD)
EBITDA (TTM)
941.49MUSDvs all stocks (USD)
Net Income (TTM)
128.23MUSDvs all stocks (USD)
Quarterly Earnings Growth (YoY)
-26.12%vs Oil & Gas Midstream peers
Operating Cash Flow (TTM)
663.27MUSDvs all stocks (USD)
Levered Free Cash Flow (TTM)
290.09MUSDvs all stocks (USD)
Forward Annual Dividend Rate
1.54USDUpdated Jul 19, 2026Forward Annual Dividend Yield
3.65%vs all stocks
Trailing Annual Dividend Rate
1.52USDUpdated Jul 19, 2026Trailing Annual Dividend Yield
3.61%vs all stocks
5-Year Average Dividend Yield
5.50%vs all stocks
Payout Ratio
270.89%vs Oil & Gas Midstream peers
Revenue
6.85BCADFY2025 · Dec 31, 2025Cost of Goods Sold
5.85BCADFY2025 · Dec 31, 2025Gross Profit
1.01BCADFY2025 · Dec 31, 2025Operating Income
833.76MCAD598.15M · vs all stocks (USD)
Pre-tax Income
569.00MCADFY2025 · Dec 31, 2025Income Tax Expense
136.66MCADFY2025 · Dec 31, 2025Net Income
432.33MCADFY2025 · Dec 31, 2025EBIT
810.89MCADFY2025 · Dec 31, 2025EBITDA (Income Statement)
1.20BCADFY2025 · Dec 31, 2025Selling, General & Administrative
172.41MCADFY2025 · Dec 31, 2025Non-operating Interest Income
49.15MCADFY2025 · Dec 31, 2025Non-operating Interest Expense
241.89MCADFY2025 · Dec 31, 2025EPS (Basic)
1.89CADFY2025 · Dec 31, 2025EPS (Diluted)
1.89CADFY2025 · Dec 31, 2025Basic Shares Outstanding
229.21MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
229.21MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
432.33MCADFY2025 · Dec 31, 2025Operating Cash Flow
989.48MCADFY2025 · Dec 31, 2025Free Cash Flow
989.48MCADDerived from operating cash flow minus capital expenditure. This filing charges 374.95M of depreciation against 0 of capital expenditure, and its own free-cash-flow line reads 492.02M.FY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
2.33BCADFY2025 · Dec 31, 2025Income Tax Paid
216.34MCADFY2025 · Dec 31, 2025Interest Paid
178.99MCADFY2025 · Dec 31, 2025Starting Profit (CF Statement)
432.33MCADFY2025 · Dec 31, 2025Depreciation & Amortization
374.94MCADFY2025 · Dec 31, 2025Deferred Taxes (CF)
53.82MCADFY2025 · Dec 31, 2025Other Non-cash Items
37.23MCADFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
34.33MCADFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
56.81MCADFY2025 · Dec 31, 2025Capital Expenditures
0.00CADFY2025 · Dec 31, 2025Net Acquisitions
-212.57MCADFY2025 · Dec 31, 2025Other Investing Activity
29.66MCADFY2025 · Dec 31, 2025Net Investing Cash Flow
-182.90MCADFY2025 · Dec 31, 2025Long-term Debt Issuance
2.90BCADFY2025 · Dec 31, 2025Long-term Debt Payments
-472.70MCADFY2025 · Dec 31, 2025Common Dividends Paid
-485.94MCADFY2025 · Dec 31, 2025Other Financing Charges
-30.25MCADFY2025 · Dec 31, 2025Net Financing Cash Flow
1.91BCADFY2025 · Dec 31, 2025Shares Outstanding
229.29MSharesUpdated Jul 19, 2026Float Shares
228.58MSharesUpdated Jul 19, 2026% Held by Insiders
0.29%vs all stocks
% Held by Institutions
47.55%vs all stocks
Total Cash (MRQ)
1.77BUSDvs all stocks (USD)
Total Cash per Share (MRQ)
10.87USDUpdated Jul 19, 2026Total Debt (MRQ)
4.48BUSDvs all stocks (USD)
Total Debt to Equity (MRQ)
2.49xvs Oil & Gas Midstream peers
Current Ratio (MRQ)
1.60xvs Oil & Gas Midstream peers
Book Value per Share (MRQ)
7.75USDUpdated Jul 19, 2026Total Assets
13.05BCAD9.36B · vs all stocks (USD)
Total Current Assets
5.30BCADFY2025 · Dec 31, 2025Total Liabilities
10.29BCADFY2025 · Dec 31, 2025Total Non-current Assets
7.75BCADFY2025 · Dec 31, 2025Total Non-current Liabilities
7.27BCADFY2025 · Dec 31, 2025Total Current Liabilities
3.02BCADFY2025 · Dec 31, 2025Cash
2.33BCADFY2025 · Dec 31, 2025Cash & Cash Equivalents
2.33BCADFY2025 · Dec 31, 2025Accounts Receivable
652.40MCADFY2025 · Dec 31, 2025Inventory
206.49MCADFY2025 · Dec 31, 2025Accounts Payable
523.54MCADFY2025 · Dec 31, 2025Short-term Debt
269.37MCADFY2025 · Dec 31, 2025Other Current Liabilities
2.10BCADFY2025 · Dec 31, 2025Long-term Debt
6.03BCADFY2025 · Dec 31, 2025Other Non-current Liabilities
4.33MCADFY2025 · Dec 31, 2025Common Stock (Book)
3.38BCADFY2025 · Dec 31, 2025Retained Earnings
-636.57MCADFY2025 · Dec 31, 2025Total Shareholders' Equity
2.76BCAD1.98B · vs all stocks (USD)
52-Week Low
10.05USDUpdated Jul 19, 202652-Week High
42.80USDUpdated Jul 19, 202652-Week Change
32.46%vs all stocks
Beta
0.8180xvs all stocks
50-Day MA
40.62USDUpdated Jul 19, 2026200-Day MA
35.75USDUpdated Jul 19, 2026Avg 10-Day Volume
129.88KSharesUpdated Jul 19, 2026Avg 30-Day Volume
152.88KSharesUpdated Jul 19, 2026Diluted EPS (TTM)
0.5600USDUpdated Jul 19, 2026Other Income / Expense
-14.91MCADFY2025 · Dec 31, 20252 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?
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
Three Turnover Ratios Elevated
Collects fast, clears inventory fast, and pays suppliers fast too.
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
Operating margin is -2.9%, lower than 95% of its Oil & Gas Midstream peers (median 24.5%)Significant
Operating margin: -0.03Industry median: 0.24Industry P5: 0.05Peers compared: 20.00
P/E ratio is 75.5×, higher than 95% of its Oil & Gas Midstream peers (median 11.52×)Significant
P/E ratio: 75.50Industry median: 11.52Industry P95: 47.98Peers compared: 20.00
Price-to-book is 5.46×, higher than 95% of its Oil & Gas Midstream peers (median 1.33×)Significant
Price-to-book: 5.46Industry median: 1.33Industry P95: 3.35Peers compared: 20.00
Structural Tensions
Pays more per share than it earned over the last twelve monthsSignificant
Payout Ratio: 2.71Dividend per Share: 1.52Earnings per Share: 0.56
Financial Health
Altman Z-Score 1.87: grey zoneSignificant
Altman Z-Score: 1.87
High earnings qualityNotable
Earnings Quality Score: 1.49
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 $12.41B, above the global median of $1.15BNotable
Market cap (USD): 12,406,701,292Global Median: 1,146,734,693.424
Revenue is $4.55B, above the global median of $520.53MNotable
Revenue (USD): 4,554,325,155Global Median: 520,528,949.311
Levered free cash flow is $290.09M, above the global median of $16.24MNotable
Levered free cash flow (USD): 290,087,573Global Median: 16,239,329.704
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Companies that share active interpretations — structural patterns currently present in both stocks.
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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.