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We are a vertically integrated natural gas company with upstream, gathering and transmission operations focused in the Appalachian Basin. As of December 31, 2025, we had 28.0 Tcfe of proved natural gas, NGLs and oil reserves across approximately 2.3 million gross acres and approximately 2,945 miles of pipeline infrastructure.
37.59% operating margin is above average. ROIC at 8.42%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 63.9% YoY with margins expanding 24.6pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$10.28B
▲ +63.9% YoY
Net Income (TTM)
$3.28B
▲ +784.4% YoY
Op. Margin
46.57%
▲ +24.6pp YoY
ROIC
12.21%
▲ +5.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.05B
▲ +395.0% YoY
Op. Cash Flow (TTM)
$6.44B
▲ +81.3% YoY
Net Debt
$5.67B
Cash & Equiv.
$327M
5Y CAGR: +23.1%
5Y CAGR: +41.8%
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