CompanyGraph
What stands out
- Most companies in its industry are rule-setting businesses; this one is a flow business
At a glance
- Depends onMidstream position: 5 outgoing, 4 incoming connections
- ScaleMarket cap is $2.47B, above the global median of $1.15B
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are rule-setting businesses; this one is a flow business
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Sign inWhat the company actually pays, and whether its own cash supports it.
Dividends view
Yield
5.02%
Annual Rate
CAD 1.29Paid quarterly
Payout Ratio
41.4%Sustainable
Paying Dividends
2 yr
Payback Period
28.2 yr
Next Ex-Dividend
Sep 15, 2026
Next Payment
Sep 30, 2026
The reported statements, read against the company's own industry.
Financials view
Market Capitalization
3.40BCAD2.47B · vs all stocks (USD)
Trailing P/E
11.51xRevenue (TTM)
543.99MUSD395.34M · vs all stocks (USD)
Profit Margin
54.89%52-Week Change
0.82%vs all stocks
Forward Annual Dividend Yield
5.02%vs all stocks
Market Capitalization
3.40BCAD2.47B · vs all stocks (USD)
Enterprise Value
3.61BCAD2.62B · vs all stocks (USD)
Trailing P/E
11.51xForward P/E
8.75xPrice to Sales (TTM)
8.73xEnterprise to Revenue
6.64xEnterprise to EBITDA
6.72xGross Margin
90.71%Profit Margin
54.89%Operating Margin
69.56%Return on Assets (TTM)
17.52%Revenue (TTM)
543.99MUSD395.34M · vs all stocks (USD)
Revenue per Share (TTM)
7.42CADUpdated Aug 22, 2026Quarterly Revenue Growth
3.70%Gross Profit (TTM)
523.45MUSD380.41M · vs all stocks (USD)
EBITDA (TTM)
326.00MUSD236.92M · vs all stocks (USD)
Net Income (TTM)
298.58MUSD216.99M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
17.00%Operating Cash Flow (TTM)
308.85MUSD224.45M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
404.71MUSD294.12M · vs all stocks (USD)
Forward Annual Dividend Rate
1.29CADUpdated Aug 22, 2026Forward Annual Dividend Yield
5.02%vs all stocks
Trailing Annual Dividend Rate
0.9280CADUpdated Aug 22, 2026Trailing Annual Dividend Yield
3.60%vs all stocks
Payout Ratio
41.42%Revenue
479.40MUSDFY2026 · Mar 31, 2026Cost of Goods Sold
49.50MUSDFY2026 · Mar 31, 2026Gross Profit
429.90MUSDFY2026 · Mar 31, 2026Operating Income
364.10MUSDvs all stocks (USD)
Pre-tax Income
223.50MUSDFY2026 · Mar 31, 2026Income Tax Expense
16.60MUSDFY2026 · Mar 31, 2026Net Income
206.90MUSDFY2026 · Mar 31, 2026EBIT
330.60MUSDFY2026 · Mar 31, 2026EBITDA (Income Statement)
345.30MUSDFY2026 · Mar 31, 2026Selling, General & Administrative
46.50MUSDFY2026 · Mar 31, 2026Other Operating Expenses
10.30MUSDFY2026 · Mar 31, 2026Non-operating Interest Income
2.40MUSDFY2026 · Mar 31, 2026Non-operating Interest Expense
107.10MUSDFY2026 · Mar 31, 2026EPS (Basic)
1.56USDFY2026 · Mar 31, 2026EPS (Diluted)
1.56USDFY2026 · Mar 31, 2026Basic Shares Outstanding
133.00MSharesFY2026 · Mar 31, 2026Diluted Shares Outstanding
133.00MSharesFY2026 · Mar 31, 2026Net Income from Continuing Operations
206.90MUSDFY2026 · Mar 31, 2026Operating Cash Flow
226.70MUSDFY2026 · Mar 31, 2026Cash & Cash Equivalents (End of Period)
42.30MUSDFY2026 · Mar 31, 2026Income Tax Paid
400.00KUSDFY2026 · Mar 31, 2026Interest Paid
90.90MUSDFY2026 · Mar 31, 2026Starting Profit (CF Statement)
206.90MUSDFY2026 · Mar 31, 2026Depreciation & Amortization
34.10MUSDFY2026 · Mar 31, 2026Deferred Taxes (CF)
10.50MUSDFY2026 · Mar 31, 2026Other Non-cash Items
9.20MUSDFY2026 · Mar 31, 2026Change in Accounts Receivable (CF)
-6.30MUSDFY2026 · Mar 31, 2026Change in Accounts Payable (CF)
-1.20MUSDFY2026 · Mar 31, 2026Change in Other Assets/Liabilities
-26.50MUSDFY2026 · Mar 31, 2026Long-term Debt Issuance
272.80MUSDFY2026 · Mar 31, 2026Long-term Debt Payments
-181.40MUSDFY2026 · Mar 31, 2026Common Dividends Paid
-456.90MUSDFY2026 · Mar 31, 2026Other Financing Charges
-5.80MUSDFY2026 · Mar 31, 2026Net Financing Cash Flow
-319.80MUSDFY2026 · Mar 31, 2026Shares Outstanding
132.77MSharesUpdated Aug 22, 2026Float Shares
52.79MSharesUpdated Aug 22, 2026Shares Short
2.12MSharesUpdated Aug 22, 2026Short Ratio
7.17daysvs all stocks
% Held by Insiders
0.07%vs all stocks
% Held by Institutions
35.09%vs all stocks
Total Cash (MRQ)
104.66MUSD76.06M · vs all stocks (USD)
Total Cash per Share (MRQ)
1.43CADUpdated Aug 22, 2026Total Debt (MRQ)
1.82BUSD1.32B · vs all stocks (USD)
Current Ratio (MRQ)
3.18xBook Value per Share (MRQ)
-5.60CADUpdated Aug 22, 2026Total Assets
1.24BUSDvs all stocks (USD)
Total Current Assets
209.00MUSDFY2026 · Mar 31, 2026Total Liabilities
1.48BUSDFY2026 · Mar 31, 2026Total Non-current Assets
1.03BUSDFY2026 · Mar 31, 2026Total Non-current Liabilities
1.40BUSDFY2026 · Mar 31, 2026Total Current Liabilities
79.90MUSDFY2026 · Mar 31, 2026Cash & Cash Equivalents
42.30MUSDFY2026 · Mar 31, 2026Accounts Receivable
82.70MUSDFY2026 · Mar 31, 2026Inventory
49.20MUSDFY2026 · Mar 31, 2026Accounts Payable
1.40MUSDFY2026 · Mar 31, 2026Short-term Debt
20.80MUSDFY2026 · Mar 31, 2026Deferred Revenue
300.00KUSDFY2026 · Mar 31, 2026Other Current Liabilities
13.20MUSDFY2026 · Mar 31, 2026Long-term Debt
1.29BUSDFY2026 · Mar 31, 2026Other Non-current Liabilities
15.50MUSDFY2026 · Mar 31, 2026Common Stock (Book)
219.10MUSDFY2026 · Mar 31, 2026Retained Earnings
-436.30MUSDFY2026 · Mar 31, 2026Total Shareholders' Equity
-238.80MUSDvs all stocks (USD)
52-Week Low
24.40CADUpdated Aug 22, 202652-Week High
31.14CADUpdated Aug 22, 202652-Week Change
0.82%vs all stocks
50-Day MA
28.05CADUpdated Aug 22, 2026200-Day MA
28.14CADUpdated Aug 22, 2026Avg 10-Day Volume
384.01KSharesUpdated Aug 22, 2026Avg 30-Day Volume
401.30KSharesUpdated Aug 22, 2026Diluted EPS (TTM)
2.25CADUpdated Aug 22, 2026Other Income / Expense
-35.90MUSDFY2026 · Mar 31, 2026Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Most companies in its industry are rule-setting businesses; this one is a flow businessSignificant
Industry peers: 61.00Share on the common pattern %: 84.00
Supply Chain
Midstream position: 5 outgoing, 4 incoming connectionsNotable
Outgoing: 5.00Incoming: 4.00
Scale
Market cap is $2.47B, above the global median of $1.15BNotable
Market cap (USD): 2,471,649,197.812Global Median: 1,146,734,693.424
Levered free cash flow is $294.12M, above the global median of $16.24MNotable
Levered free cash flow (USD): 294,122,568.199Global Median: 16,239,329.704
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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.