Western States and Tribal Nations Natural Gas Initiative focuses on encouraging, supporting, and advocating for a sustainable natural gas industry that exports environmentally compliant gas from North America to Asian markets.

Western States and Tribal Nations Natural Gas Initiative

Mitsubishi Heavy Industries, Ltd. manufactures and sells heavy machinery worldwide. The company operates through Energy Systems; Plants & Infrastructure Systems; Logistics, Thermal & Drive Systems; and Aircraft, Defense & Space segments. It offers thermal, renewable energy, nuclear, engine, nuclear power generation, and chemical power plants, lithium-ion battery products, and oil and gas production plants, as well as fuel cells; civil aircrafts and engines, aviation equipment, and maintenance, repair, and overhaul of aircrafts; and launch vehicles and services, rocket engines, reaction control systems, space stations, rocket launchers, rocket engine combustion test facilities, and electronic parts. The company also provides passenger and commercial ships, LNG and LPG carriers, special purpose vessels, and IT services and systems; marine machineries, boilers, turbines, engines, and structures; and intelligent transport systems products and solutions, such as electronic toll collection system, road user charging system, highway traffic management system, EV management system, and development system. In addition, it offers organic solvent exhaust gas treatment system, waste-to-energy system, sludge treatment system, air quality control system, and bio-treatment system; turbochargers, car air-conditioning and refrigeration systems, rubber and tire machinery, and testing equipment; forklift trucks; and printing, paper converting, and metals, and food & packaging machinery, pumps, compressors & mechanical turbines, hydraulic components. Further, the company provides gas holders, vibration control systems, water pipes, tunnel excavation machinery, and cybersecurity solutions for industrial control systems; special vehicles, naval ship & maritime systems, defense aircrafts, helicopters, defense aeroengines, and guided weapon systems; and CO2 capture plants, as well as provides after-sales services. The company was founded in 1884 and is headquartered in Tokyo, Japan.

Mitsubishi Heavy Industries, Ltd.

Mitsubishi Corporation engages in the natural gas, industrial materials, petroleum and chemicals, mineral resources, industrial infrastructure, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The company's Natural Gas segment is involved in the natural gas/oil exploration, production, and development, as well as liquified natural gas businesses. Its Industrial Materials segment invests in, develops, and trades in carbon, steel products, and performance materials for the automobile and mobility, construction, and infrastructure industries. The company's Petroleum & Chemicals segment invests in, develops, and trades in crude oil and oil products, LPG, ethylene, methanol, salt, ammonia, plastics, and fertilizers. Its Mineral Resources segment invests in and develops metallurgical coal, copper, iron ore, and aluminum resources. The company's Industrial Infrastructure segment trades in energy infrastructure, industrial plants, machinery tools, agricultural machinery, mining machinery, elevators, escalators, ships, and aerospace related equipment. Its Automotive & Mobility segment produces, finances, and sells passenger and commercial cars; and mobility services. The company's Food Industry segment develops and sells food resources, fresh foods, consumer goods, and food ingredients. Its Consumer Industry segment engages in supplying products and services a range of fields, including retail & distribution, logistics, healthcare, apparel, and tire, etc. The company's Power Solution segment generates, transmits, and retails power; supplies power generating and transmitting products and equipment; develops and sells lithium-ion battery; develops hydrogen; and offers battery services. Its Urban Development segment engages in the leasing; and urban infrastructure and real estate development, operation, and management businesses. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.

Iwasaki Yatarō

Mitsubishi Corporation

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services. The Exploration & Production segment is involved in the oil and natural gas exploration and production activities. The Refining & Chemicals segment engages in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment is also involved in trading and shipping crude oil and petroleum products. The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG, and bitumen; and provides fuel payment solutions. It operates approximately 16,000 service stations and 25,000 EV charge points. As of December 31, 2021, the company had 12,062 Mboe of combined proved reserves of oil and gas. TotalEnergies SE has strategic partnerships with PureCycle Technologies, Plastic Energy, Freepoint Eco-Systems, and Plastic Omnium for various development projects. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.

Metric
Company Name	Western States and Tribal Nations Natural Gas Initiative	Mitsubishi Heavy Industries, Ltd.	Mitsubishi Corporation	TotalEnergies SE
Symbol		7.01K	8.06K	TTE
MSH ID	ORG:WESTERNNATURALGAS	COM:MHI	COM:MITSUBISHICORP	COM:TOTALENERGIES
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Energy	Industrials	Industrials	Energy
Industry	Natural Gas	Industrial - Machinery	Conglomerates	Oil & Gas Integrated
Country	US	JP	JP	FR
Stage
Employee Count		77.70K	105.27K	102.58K
Website	westernnaturalgas.org	mhi.com	mitsubishicorp.com	totalenergies.com
LinkedIn			mitsubishi-corporation
Founders

Metric
Market Cap	41.14B	92.11B	157.39B
Enterprise Value
Monthly Web Traffic		178.07K
Web Traffic Growth		-0.16
Valuation
Raised Capital		500M

Metric
Revenue	31.06B	130.50B	218.94B
Revenue (LTM)
Revenue (NTM)
Gross Profit	6.20B	15.74B	75.90B
EBITDA	2.61B	8.45B	43.57B
Operating Income	1.57B	4.45B	31.92B
Net Income	1.48B	6.43B	21.38B
EPS	0.44	1.53	8.72
Diluted EPS	0.44	1.48	8.72
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.20	0.12	0.35
Operating Profit Margin	0.06	0.05	0.16
EBITDA Margin	0.08	0.06	0.20
Net Profit Margin	0.05	0.05	0.11
Return on Equity	0.11	0.11	0.29
Return on Assets	0.04	0.04	0.12
Return on Capital Employed	0.09	0.07	0.26

ORG:WESTERNNATURALGAS

Western States and Tribal Nations Natural Gas Initiative

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	20.18	11.42	7.91
P/B Ratio	1.77	1.21	1.34
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.62	0.74	0.61
EV Multiple	15.14	6.23	2.68

Metric
Days Sales Outstanding	69.15	78.34	37.76
Days Payables Outstanding	86.36	71.40	85.46
Days Inventory Outstanding	105.87	43.69	42.18
Operating Cycle	244.70	119.68	70.66
Cash Conversion Cycle	160.24	58.74	-2.63
Asset Turnover	0.75	0.86	1.17

Metric
Operating Cash Flow	2.21B	8.99B	40.68B
Free Cash Flow	1.14B	5.51B	22.96B
Cash Flow to Debt	0.31	0.27	1.72
Operating Cash Flow/Sales	0.09	0.08	0.18
Free Cash Flow Yield	-0.05	0.11	0.09

Metric
Cash & Equivalents	2.88B	8.35B	27.26B
Accounts Receivable	-600.25M	551.21M
Inventory	6.50B	12.32B	19.32B
Goodwill	1.15B
Debt to Capitalization	0.46	0.39	0.32
Debt to Assets	0.24	0.29	0.20
Current Ratio	1.19	1.36	1.15
Quick Ratio	0.83	1.21	0.87

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue	0.02
SG&A to Revenue	0.15	0.08