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Operates underground natural gas storage facilities in Alberta and British Columbia, providing storage capacity to gas marketers and utilities.
Operates underground natural gas storage facilities in Alberta and British Columbia, providing storage capacity to gas marketers and utilities.
Sells storage space under contracts, earning fees for the space and for injecting and withdrawing gas, with short-term deals capturing the difference between summer and winter prices. Storage sites that are already permitted and connected to pipelines are scarce, so contracted fees carry much of the income.
In one line: A natural gas storage operator like a smaller Enterprise Products storage business.
Moat: wide (regulatory licence, installed base). Underground salt-cavern/depleted-reservoir gas storage sites are geologically scarce and take years to permit and build.
Headquarters: Calgary, Canada · Founded: 2013 · Employees: 148
Size Rockpoint Gas Storage (RGSI.TO) is a Canada Energy company (Oil & Gas Pipelines) with a market value of $2.26B, the 176th largest of 420 Canada companies the cockpit tracks. Shares closed at C$23.85 on 6 Nov 2026.
Performance Over six months the shares fell 15.7%, against -6.9% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd lowest of 11 in its peer set.
Growth Revenue grew 14.7% over the last twelve months (peer median +9.3%); the operating margin is 75.3% (peer median 17.0%).
Valuation It trades at 8.7× forward earnings against a peer median of 14.7× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -25 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.7 points above its cost of capital (7.0% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$646M | C$663M | C$578M | C$470M | C$368M |
| Revenue growth | — | +15% | +23% | +28% | — |
| Gross profit | C$520M | C$534M | C$447M | C$324M | C$197M |
| EBITDA | C$533M | C$550M | C$460M | C$338M | C$213M |
| Net income | C$351M | C$286M | C$291M | C$342M | C$58.9M |
| Free cash flow | C$233M | C$217M | C$364M | C$305M | -C$23.9M |
| Capital expenditure | C$36.5M | C$45.5M | C$48.5M | C$19.0M | C$19.8M |
| Total debt | C$1.86B | C$1.85B | C$1.93B | C$1.07B | n/a |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rockpoint Gas Storage RGSI.TO | $2.26B | -16% | +15% | 75% | 8.7× | -3.8% |
| AltaGas ALA.TO | $11.8B | +4% | +18% | 9% | 22.5× | n/a |
| Enbridge ENB.TO | $107B | -10% | +29% | 13% | 22.1× | 12.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RGSI.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | -8.1% | 5th highest of 11 |
| 6-month return | -15.7% | -6.9% | 3rd lowest of 11 |
| Distance from 52-week high | -23.4% | -20.2% | 4th lowest of 11 |
| Revenue growth (TTM) | +14.7% | +9.3% | 4th highest of 11 |
| Operating margin | 75.3% | 17.0% | highest of 11 |
| Forward P/E | 8.7× | 14.7× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | 5.1% | 2nd least demanding of 9 |
| Growth delivered (Del g) | +21.7% | +8.7% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | -25.5 pp | -1.0 pp | 3rd least demanding of 9 |
| ROIC minus cost of capital | +16.7 pp | -1.4 pp | 2nd highest of 11 |
| EV / EBITDA | 9.3× | 18.0× | 3rd cheapest of 9 |
| Net debt / EBITDA | 3.4× | 5.0× | 5th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rockpoint Gas Storage RGSI.TO | Canada | $2.26B | -16% | +15% | 75% | 8.7× | -3.8% | +21.7% |
| NGL Energy Partners LP NGL | United States | $1.87B | -8% | -22% | 12% | 11.9× | 1.2% | -9.6% |
| Delek Logistics Partners LP DKL | United States | $2.99B | +1% | +30% | 15% | 11.8× | 13.0% | +12.2% |
| Friedrich Vorwerk VH2.DE | Germany | $1.50B | -5% | +22% | 19% | 11.1× | -8.0% | +19.3% |
| Sinopec Kantons 0934.HK | Hong Kong | $1.31B | +3% | +10% | 27% | 9.2× | 7.7% | +1.8% |
| Golar LNG GLNG | United States | $4.40B | -23% | +95% | 46% | n/a | n/a | n/a |
| Plains GP Holdings LP PAGP | United States | $5.10B | +11% | +9% | 3% | 14.7× | 2.6% | +13.4% |
| South Bow SOBO.TO | Canada | $6.54B | -8% | -26% | 24% | 16.5× | 13.9% | -25.8% |
| Sichuan Shudao Equipment and Technology 300540.SZ | China | $742M | -41% | -14% | 8% | 48.0× | n/a | n/a |
| Kinetik KNTK | United States | $7.92B | +3% | +10% | 9% | 25.1× | 33.0% | +63.6% |
| Antero Midstream AM | United States | $8.97B | -9% | +8% | 55% | 15.1× | 2.5% | +5.3% |