East Coast Gas Market PositionA ~19% share of the East Coast gas market and 23% production growth signal durable market position and scale in a region with structural gas demand. This gives pricing leverage, long-term contract opportunities and stable domestic cash flows underpinning reinvestment and returns.
Production And Revenue GrowthSimultaneous increases in production, volumes, revenue and underlying EBITDA demonstrate operational expansion and economic scaling. Persistent top-line and EBITDA growth supports sustained cash generation, funding for development programs and resilience through commodity cycles over multiple quarters.
Improving Cash GenerationImproved free cash flow growth and strong operating cash flow conversion suggest durable cash-generation capability. That underpins the company's record dividend, capital program funding and ability to reduce breakeven through efficiency initiatives, enhancing financial flexibility long-term.