Natural gas distribution company · DE · FY ends Dec · Revenue $1.26B · -105.92% margin · -$1.13B FCF
The business is unprofitable at the operating level (-74.49% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Negative free cash flow of -$1.23B. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$1.26B
Net Income (TTM)
-$2.05B
Op. Margin
-105.92%
ROIC
-16.14%
Cash Flow & Balance Sheet
FCF (TTM)
-$1.13B
Op. Cash Flow (TTM)
-$695M
Net Debt
$8.56B
Cash & Equiv.
$92M
3Y CAGR: -14.0%
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