Natural gas distribution company · NJ · FY ends Sep · Revenue $2.59B · 41.54% margin · $369M FCF
35.72% operating margin is above average. ROIC at 14.54%.
Revenue up 17.1% YoY with margins expanding 24.9pp.
Net debt of $2.83B represents 15.1x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.59B
▲ +17.1% YoY
Net Income (TTM)
$721M
▲ +568.9% YoY
Op. Margin
41.54%
▲ +24.9pp YoY
ROIC
14.00%
▲ +7.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$369M
▲ +39.0% YoY
Op. Cash Flow (TTM)
$1.26B
▲ +3.2% YoY
Net Debt
$2.40B
Cash & Equiv.
$27M
5Y CAGR: +8.1%
5Y CAGR: +50.0%
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