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Crude petroleum & natural gas company · DE · FY ends Dec · Revenue $2.88B · -10.40% margin · $380M FCF
16.30% operating margin is respectable but not wide. ROIC at 9.36%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 14.7%, still solid. Margins contracted 3.1pp, which offsets some of the top-line progress.
ROIC dropped from 12.63% to 9.36%, capital efficiency is deteriorating. Operating margin contracted 3.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$2.88B
▲ +14.7% YoY
Net Income (TTM)
-$463M
▼ -3.5% YoY
Op. Margin
-10.40%
▼ -3.1pp YoY
ROIC
-5.14%
▼ -3.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$380M
▲ +53.0% YoY
Op. Cash Flow (TTM)
$778M
▲ +41.8% YoY
Net Debt
$1.34B
Cash & Equiv.
$40M
5Y CAGR: +6.9%
5Y CAGR: +19.7%
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