CompanyGraph
What stands out
- Pays more per share than it earned over the last twelve months
- Most companies in its industry are production businesses; this one is a risk business
At a glance
- Depends onMidstream position: 6 outgoing, 9 incoming connections
- ScaleMarket cap is $6.07B, above the global median of $1.18B
- PositionGross margin is 77.9%, higher than 95% of its Oil & Gas E&P peers (median 47.5%)
- Interpretations7 currently firing — 1 · 6
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is a risk business
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
2.93%Below 5Y avg (3.22%)
Annual Rate
CAD 1.06Paid quarterly
Payout Ratio
101.0%High
Consecutive Growth
4 yr
Paying Dividends
13 yr
Payback Period
34.9 yr
Next Ex-Dividend
Sep 29, 2026
Next Payment
Oct 15, 2026
Screen for this company's dividend patterns
Find other companies where the same dividend readings fire.
High Dividend Payout With FCF And Equity Ratio
→dividend payout intensity
fcf positive 3y
ratio balance equity
1 interpretation 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 return capital?
High Dividend Payout With FCF And Equity Ratio
It pays out most of its earnings, on three years of positive free cash flow.
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.
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
8.41BCAD6.07B · vs all stocks (USD)
Trailing P/E
35.04xvs Oil & Gas E&P peers
Revenue (TTM)
503.10MCAD363.18M · vs all stocks (USD)
Profit Margin
48.00%vs Oil & Gas E&P peers
Beta
0.8600xvs all stocks
52-Week Change
47.29%vs all stocks
Forward Annual Dividend Yield
2.93%vs all stocks
Market Capitalization
8.41BCAD6.07B · vs all stocks (USD)
Enterprise Value
0.00CADvs all stocks (USD)
Trailing P/E
35.04xvs Oil & Gas E&P peers
Forward P/E
33.33xvs Oil & Gas E&P peers
PEG Ratio
0.5475xvs Oil & Gas E&P peers
Price to Sales (TTM)
16.84xvs Oil & Gas E&P peers
Price to Book (MRQ)
3.31xvs Oil & Gas E&P peers
Enterprise to Revenue
0.00xvs Oil & Gas E&P peers
Enterprise to EBITDA
0.00xvs Oil & Gas E&P peers
Gross Margin
77.92%vs Oil & Gas E&P peers
Profit Margin
48.00%vs Oil & Gas E&P peers
Operating Margin
75.90%vs Oil & Gas E&P peers
Return on Assets (TTM)
6.55%vs Oil & Gas E&P peers
Return on Equity (TTM)
9.30%vs Oil & Gas E&P peers
Revenue (TTM)
503.10MCAD363.18M · vs all stocks (USD)
Revenue per Share (TTM)
2.16CADUpdated Aug 29, 2026Quarterly Revenue Growth
50.10%vs Oil & Gas E&P peers
Gross Profit (TTM)
498.90MCAD360.15M · vs all stocks (USD)
EBITDA (TTM)
495.00MCAD357.33M · vs all stocks (USD)
Net Income (TTM)
241.50MCAD174.33M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
69.40%vs Oil & Gas E&P peers
Operating Cash Flow (TTM)
379.70MCAD274.10M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
286.75MCAD207.00M · vs all stocks (USD)
Forward Annual Dividend Rate
1.06CADUpdated Aug 29, 2026Forward Annual Dividend Yield
2.93%vs all stocks
Trailing Annual Dividend Rate
1.05CADUpdated Aug 29, 2026Trailing Annual Dividend Yield
2.90%vs all stocks
5-Year Average Dividend Yield
3.22%vs all stocks
Payout Ratio
100.96%vs Oil & Gas E&P peers
Revenue
478.20MCADFY2025 · Dec 31, 2025Cost of Goods Sold
154.90MCADFY2025 · Dec 31, 2025Gross Profit
323.30MCADFY2025 · Dec 31, 2025Operating Income
282.40MCAD203.86M · vs all stocks (USD)
Pre-tax Income
269.10MCADFY2025 · Dec 31, 2025Income Tax Expense
64.10MCADFY2025 · Dec 31, 2025Net Income
205.00MCADFY2025 · Dec 31, 2025EBIT
282.40MCADFY2025 · Dec 31, 2025EBITDA (Income Statement)
432.80MCADFY2025 · Dec 31, 2025Selling, General & Administrative
36.70MCADFY2025 · Dec 31, 2025Other Operating Expenses
4.20MCADFY2025 · Dec 31, 2025Non-operating Interest Expense
13.30MCADFY2025 · Dec 31, 2025EPS (Basic)
0.8700CADFY2025 · Dec 31, 2025EPS (Diluted)
0.8700CADFY2025 · Dec 31, 2025Basic Shares Outstanding
232.70MSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
232.70MSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
205.00MCADFY2025 · Dec 31, 2025Operating Cash Flow
362.60MCADFY2025 · Dec 31, 2025Free Cash Flow
305.20MCADFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
0.00CADFY2025 · Dec 31, 2025Income Tax Paid
68.10MCADFY2025 · Dec 31, 2025Interest Paid
12.00MCADFY2025 · Dec 31, 2025Starting Profit (CF Statement)
205.00MCADFY2025 · Dec 31, 2025Depreciation & Amortization
150.40MCADFY2025 · Dec 31, 2025Deferred Taxes (CF)
4.60MCADFY2025 · Dec 31, 2025Stock-based Compensation
-11.90MCADFY2025 · Dec 31, 2025Other Non-cash Items
4.90MCADFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
5.70MCADFY2025 · Dec 31, 2025Change in Accounts Payable (CF)
3.90MCADFY2025 · Dec 31, 2025Capital Expenditures
-57.40MCADFY2025 · Dec 31, 2025Net Intangibles (CF)
-41.80MCADFY2025 · Dec 31, 2025Net Investing Cash Flow
-57.40MCADFY2025 · Dec 31, 2025Long-term Debt Issuance
147.20MCADFY2025 · Dec 31, 2025Long-term Debt Payments
-100.00KCADFY2025 · Dec 31, 2025Common Dividends Paid
-242.80MCADFY2025 · Dec 31, 2025Other Financing Charges
-800.00KCADFY2025 · Dec 31, 2025Net Financing Cash Flow
-96.50MCADFY2025 · Dec 31, 2025Shares Outstanding
232.44MSharesUpdated Aug 29, 2026Float Shares
230.71MSharesUpdated Aug 29, 2026Shares Short
2.89MSharesUpdated Aug 29, 2026Short Ratio
8.04daysvs all stocks
% Held by Insiders
0.65%vs all stocks
% Held by Institutions
69.95%vs all stocks
Total Cash (MRQ)
0.00CADvs all stocks (USD)
Total Debt (MRQ)
176.20MCAD127.20M · vs all stocks (USD)
Total Debt to Equity (MRQ)
0.0688xvs Oil & Gas E&P peers
Current Ratio (MRQ)
0.8970xvs Oil & Gas E&P peers
Book Value per Share (MRQ)
11.02CADUpdated Aug 29, 2026Total Assets
3.15BCAD2.27B · vs all stocks (USD)
Total Current Assets
64.00MCADFY2025 · Dec 31, 2025Total Liabilities
604.50MCADFY2025 · Dec 31, 2025Total Non-current Assets
3.08BCADFY2025 · Dec 31, 2025Total Non-current Liabilities
505.20MCADFY2025 · Dec 31, 2025Total Current Liabilities
99.30MCADFY2025 · Dec 31, 2025Accounts Payable
4.60MCADFY2025 · Dec 31, 2025Short-term Debt
100.00KCADFY2025 · Dec 31, 2025Long-term Debt
242.40MCADFY2025 · Dec 31, 2025Common Stock (Book)
3.32BCADFY2025 · Dec 31, 2025Retained Earnings
-778.70MCADFY2025 · Dec 31, 2025Total Shareholders' Equity
2.54BCAD1.84B · vs all stocks (USD)
52-Week Low
24.02CADUpdated Aug 29, 202652-Week High
37.10CADUpdated Aug 29, 202652-Week Change
47.29%vs all stocks
Beta
0.8600xvs all stocks
50-Day MA
33.89CADUpdated Aug 29, 2026200-Day MA
31.29CADUpdated Aug 29, 2026Avg 10-Day Volume
302.30KSharesUpdated Aug 29, 2026Avg 30-Day Volume
345.57KSharesUpdated Aug 29, 2026Diluted EPS (TTM)
1.04CADUpdated Aug 29, 20266 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?
Cash-Flow Ratios Elevated
More of its sales turn into cash than in its industry, and less of that cash is consumed by reinvestment than at most of its peers.
Reads
Three Margin Ratios Elevated Across Gross, Operating, And Cash-Conversion Levels
Its gross margin and its cash margin are high for its industry, and its operating margin is high outright.
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
Is this company growing?
Diagnostic
Growth Without Margins
Revenue has compounded over six years while gross profit and net income fell over four.
Reads
Where is this company structurally exposed?
Gross Profit and Net Income Declining While Operating Margin Remains Elevated
Gross profit and net income fell four years, though its margin stays high.
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 77.9%, higher than 95% of its Oil & Gas E&P peers (median 47.5%)Significant
Gross margin: 0.78Industry median: 0.47Industry P95: 0.70Peers compared: 56.00
Operating margin is 75.9%, higher than 95% of its Oil & Gas E&P peers (median 19.9%)Significant
Operating margin: 0.76Industry median: 0.20Industry P95: 0.40Peers compared: 56.00
Structural Tensions
Pays more per share than it earned over the last twelve monthsSignificant
Payout Ratio: 1.01Dividend per Share: 1.05Earnings per Share: 1.04
Most companies in its industry are production businesses; this one is a risk businessSignificant
Industry peers: 148Share on the common pattern %: 97.00
Financial Health
Altman Z-Score 8.44: safe zoneNotable
Altman Z-Score: 8.44
High earnings qualityNotable
Earnings Quality Score: 1.55
High structural barrier to entryNotable
Barrier to Entry: 0.76
Supply Chain
Midstream position: 6 outgoing, 9 incoming connectionsNotable
Outgoing: 6.00Incoming: 9.00
High connectivity hub: 15 industry connectionsNotable
Total Connections: 15.00
Scale
Market cap is $6.07B, above the global median of $1.18BNotable
Market cap (USD): 6,074,213,492.808Global Median: 1,179,398,897.704
Levered free cash flow is $207M, above the global median of $19.19MNotable
Levered free cash flow (USD): 206,999,101.55Global Median: 19,189,974.917
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