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Natural gas transmission company · DE · FY ends Dec · Revenue $4.05B · 41.01% margin · $1.34B FCF
41.67% operating margin is above average.
Revenue grew 6.6%, steady but not accelerating. Margins contracted 13.0pp, which offsets some of the top-line progress.
Net debt of $8.02B represents 5.4x FCF, leverage limits flexibility. Operating margin contracted 13.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$4.05B
▲ +6.6% YoY
Net Income (TTM)
$1.21B
▼ -24.9% YoY
Op. Margin
41.01%
▼ -13.0pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$1.34B
▲ +14.7% YoY
Op. Cash Flow (TTM)
$2.16B
▲ +4.0% YoY
Net Debt
$8.06B
Cash & Equiv.
$647M
5Y CAGR: +6.7%
5Y CAGR: +4.3%
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