Energy Exploration & Generation Valuation Multiples and Public Comps

Energy Exploration & Generation

See analyst estimates and all valuation multiples for Energy Exploration & Generation

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Saudi Aramco	$1.64T	3.8x	7.3x
Exxon Mobil	$511B	1.5x	7.2x
Chevron	$290B	1.5x	6.8x
Shell	$252B	0.9x	4.0x
NextEra Energy	$239B	9.0x	15.5x
PetroChina	$224B	0.6x	3.4x
Iberdrola	$181B	3.3x	9.3x
TotalEnergies	$169B	0.8x	4.0x
Enel	$164B	1.7x	6.1x
China Yangtze Power	$143B	11.9x	14.9x
Petrobras	$138B	1.5x	3.2x
China Petroleum	$137B	0.3x	5.0x
ConocoPhillips	$136B	2.3x	5.4x
BP	$119B	0.6x	3.2x
TAQA	$117B	7.7x	21.2x
Constellation Energy	$106B	4.5x	21.4x
Engie	$96.1B	1.1x	5.4x
CNOOC	$96.0B	1.7x	2.7x
Vistra	$86.5B	4.5x	14.9x
China Shenhua Energy	$83.8B	1.8x	5.9x
Marathon Petroleum	$83.4B	0.6x	8.2x
Canadian Natural Resources	$80.1B	2.9x	6.4x
Occidental Petroleum	$76.5B	2.9x	5.6x
Cheniere Energy	$75.2B	4.1x	11.5x
Eni	$73.4B	0.7x	3.6x
Equinor	$72.7B	0.7x	1.7x
Phillips 66	$70.5B	0.5x	10.6x
Venture Global	$66.0B	7.0x	15.2x
ADNOC Gas	$65.8B	3.5x	8.4x
EOG Resources	$65.0B	2.8x	5.3x
Suncor Energy	$57.3B	1.6x	5.0x
Hess	$54.8B	4.5x	8.1x
Diamondback Energy	$53.6B	4.2x	6.1x
Valero Energy	$52.9B	0.4x	8.9x
Huaneng Power	$52.5B	1.5x	6.8x
ONGC	$52.4B	0.7x	4.5x
GD Power Development	$49.5B	2.0x	8.3x
CGN Power	$49.1B	4.1x	9.6x
PTT	$45.6B	0.5x	3.7x
Ecopetrol	$45.3B	1.4x	3.4x
China Three Gorges	$43.0B	9.8x	12.1x
EDP-Energias De Portugal	$42.7B	2.3x	7.4x
Imperial Oil	$42.7B	1.1x	7.5x
Tokyo Electric Power	$42.0B	0.9x	n/a
SSE	$41.3B	3.0x	9.3x
IndianOil	$41.1B	0.4x	9.0x
EQT Corporation	$41.0B	5.9x	8.5x
Huaneng Lancang River	$40.6B	11.2x	14.8x
NRG Energy	$40.3B	1.5x	10.4x
CEZ	$39.8B	2.5x	6.3x
SK Innovation	$39.0B	0.7x	15.9x
AES	$38.2B	3.1x	14.0x
Woodside Energy	$37.4B	2.9x	4.1x
China Resources Power	$36.7B	2.7x	7.0x
RWE	$36.0B	1.3x	5.8x
SDIC Power Holdings	$35.2B	4.4x	8.7x
Longyuan Power	$34.2B	6.9x	9.5x
Kansai Electric Power	$33.8B	1.1x	6.2x
Cenovus Energy	$32.5B	0.8x	4.6x
Hengli Petrochemical	$32.3B	1.0x	8.8x
Datang International	$32.0B	1.9x	7.3x
Cameco	$31.8B	13.2x	24.4x
Adani Power	$31.8B	4.7x	12.3x
China Power	$31.5B	4.2x	9.1x
Orlen	$30.4B	0.4x	3.3x
Expand Energy	$30.0B	3.8x	7.6x
Devon Energy	$29.9B	1.8x	4.0x
Orsted	$29.5B	2.6x	6.3x
Adani Green Energy	$27.7B	19.4x	24.1x
Gulf Energy Development	$27.4B	7.1x	33.4x
ADNOC Drilling Company	$27.3B	6.2x	13.0x
Chubu Electric Power	$26.6B	1.1x	9.6x
ENEOS Holdings	$25.6B	0.3x	6.4x
Verbund	$25.2B	2.7x	6.9x
Kyushu Electric Power	$24.9B	1.6x	8.5x
Eletrobras	$24.6B	3.4x	6.2x
Repsol	$23.9B	0.4x	2.7x
Texas Pacific	$23.7B	31.3x	37.0x
EDP Renovaveis	$23.6B	8.1x	11.6x
Coterra Energy	$23.5B	3.6x	5.5x
Bharat Petroleum	$23.1B	0.4x	7.6x
Huadian Power	$22.6B	1.4x	7.7x
Tata Power	$22.2B	2.8x	13.6x
YPF	$22.1B	1.3x	4.8x
Inpex	$21.7B	1.5x	2.4x
Dian Swastatika Sentosa	$21.5B	n/a	n/a
Santos	$21.3B	3.9x	5.8x
Aker BP	$20.5B	1.7x	1.9x
Chugoku Electric Power	$20.1B	1.9x	12.0x
Tohoku Electric Power	$20.1B	1.1x	6.1x
Brookfield Renewable	$19.8B	3.4x	7.4x
Tokyo Gas	$19.2B	1.0x	6.8x
OMV	$19.2B	0.5x	2.3x
Tourmaline Oil	$17.7B	3.6x	6.5x
Ovintiv	$17.3B	2.0x	3.9x
Galp Energia	$17.0B	0.7x	4.9x
Neste	$16.8B	0.7x	11.4x
GAIL (India)	$16.4B	1.0x	9.4x
AltaGas	$16.3B	1.7x	12.2x
JSW Energy	$16.0B	9.5x	19.5x
Shanghai Electric Power	$15.9B	2.6x	n/a
Sunoco	$15.3B	0.6x	8.9x
Origin Energy	$15.2B	1.4x	6.7x
Talen Energy	$15.1B	6.8x	16.0x
Idemitsu Kosan	$14.9B	0.2x	8.5x
Antero Resources	$14.8B	3.0x	9.5x
NHPC	$14.4B	10.9x	20.2x
ACCIONA Energía	$14.2B	4.0x	8.8x
Zheneng Electric	$14.0B	1.2x	5.8x
Neoenergia	$13.9B	1.7x	6.4x
Enel Americas	$13.8B	1.0x	3.4x
DT Midstream	$13.7B	12.3x	12.9x
Power Assets Holdings	$13.5B	111.7x	31.9x
ARC Resources	$13.5B	3.2x	5.5x
Permian Resources	$13.4B	2.6x	3.5x
Electric Power	$13.4B	1.5x	7.9x
Vår Energi	$13.2B	1.6x	2.0x
BKW	$13.2B	2.2x	10.1x
HK Electric	$13.2B	8.4x	11.8x
Chuantou Energy	$13.0B	54.6x	15.9x
Public Power Corporation	$12.9B	1.2x	5.7x
APA	$12.8B	1.5x	2.4x
PTTEP	$12.7B	1.4x	1.9x
HD Hyundai	$12.3B	0.2x	2.9x
Uniper	$11.7B	0.1x	5.4x
Grupo Energía Bogotá	$11.6B	5.8x	13.9x
Raizen	$11.6B	0.3x	5.1x
Antero Midstream	$11.5B	10.2x	10.7x
HF Sinclair	$11.0B	0.4x	8.4x
Guangxi Guiguan Electric	$11.0B	8.0x	12.8x
Formosa Petrochemical	$10.9B	0.5x	16.6x
Algonquin Power	$10.9B	4.5x	10.3x
Oil India	$10.9B	4.2x	9.5x
ENN Energy	$10.7B	0.7x	6.3x
Hubei Energy	$10.5B	3.7x	10.7x
Range Resources	$10.4B	3.8x	7.7x
National Fuel Gas	$10.3B	4.4x	7.5x
Meridian Energy	$10.2B	3.5x	25.7x
ReNew	$10.2B	7.6x	10.7x
ENGIE Brasil Energia	$10.0B	5.0x	7.5x
Comstock Resources	$9.8B	6.0x	9.4x
Matador Resources	$9.7B	2.7x	4.1x
S-Oil	$9.6B	0.4x	10.7x
Aboitiz Power	$9.6B	2.7x	9.4x
Capital Power	$9.5B	3.6x	8.9x
PRIO	$9.5B	3.6x	5.4x
Northland Power	$9.3B	5.3x	9.8x
Shenergy Group	$9.3B	2.3x	6.4x
Energisa	$9.2B	1.6x	6.4x
Whitecap Resources	$9.2B	2.5x	4.8x
Harbour Energy	$9.2B	1.1x	1.7x
MOL Group	$9.1B	0.4x	2.6x
OMV Petrom	$9.0B	1.1x	4.5x
Ligga	$8.8B	2.2x	8.6x
Torrent Power	$8.8B	2.5x	13.7x
TAQA Morocco	$8.6B	6.9x	21.7x
Hess Midstream	$8.5B	5.4x	7.1x
Black Hills	$8.4B	3.9x	10.1x
Eneva	$8.2B	4.4x	8.2x
Petronas Gas	$8.2B	5.3x	10.0x
CEMIG	$8.2B	1.2x	5.4x
TAURON	$8.0B	0.9x	4.3x
Civitas Resources	$8.0B	1.6x	2.4x
Ormat Technologies	$7.8B	8.5x	13.8x
Guanghui Energy	$7.8B	1.4x	8.0x
Oklo	$7.7B	n/a	-123.1x
Shaanxi Energy Investment	$7.6B	2.4x	6.4x
CNX Resources	$7.5B	5.0x	6.8x
Icahn Enterprises	$7.4B	0.8x	n/a
SJVN	$7.2B	17.2x	24.3x
Guangzhou Development Group	$7.2B	1.1x	n/a
NewMed Energy	$7.1B	7.7x	n/a
Chord Energy	$7.1B	1.5x	3.1x
Delek Group	$7.1B	2.0x	n/a
Ades Holding	$7.1B	4.2x	8.3x
TransAlta	$7.1B	3.5x	8.0x
Jiangsu Guoxin	$7.0B	n/a	n/a
Guangdong Investment	$7.0B	3.0x	5.9x
Tüpraş	$7.0B	0.4x	5.8x
Cosmo Energy Holdings	$7.0B	0.4x	5.4x
Sinopec Oilfield Service	$6.9B	0.6x	n/a
NextDecade	$6.9B	n/a	-41.1x
Innergex	$6.9B	8.1x	11.9x
Strathcona Resources	$6.7B	2.0x	4.2x
INA-Industrija Nafte	$6.6B	n/a	n/a
Centrica	$6.6B	0.2x	2.8x
Fuchs	$6.5B	1.5x	10.2x
NorthWestern Energy	$6.3B	4.1x	10.6x
Kinetik Holdings	$6.3B	3.7x	6.1x
Vista Energy	$6.2B	2.9x	4.5x
EVN	$6.2B	1.6x	6.8x
Avista	$6.1B	3.2x	n/a
Banpu	$6.0B	1.1x	5.0x
Crescent Energy	$6.0B	1.8x	3.4x
SM Energy	$5.9B	2.0x	2.8x
Enlight Renewable Energy	$5.9B	n/a	n/a
Thaioil	$5.9B	0.4x	7.9x
Viva Energy Australia	$5.9B	0.3x	12.4x
Romgaz	$5.9B	3.1x	5.8x
PBF Energy	$5.6B	0.2x	468.7x
Motor Oil (Hellas)	$5.6B	0.4x	5.0x
Kunlun Energy	$5.6B	0.2x	2.4x
MEG Energy	$5.6B	1.6x	5.5x
ALLETE	$5.6B	3.6x	12.3x
Contact Energy	$5.6B	2.7x	12.1x
Auren Energia	$5.5B	2.9x	9.5x
Energean	$5.5B	3.2x	4.8x
Murphy Oil	$5.5B	1.9x	3.5x
Boralex	$5.4B	8.5x	10.6x
AGL Energy	$5.4B	0.6x	4.0x
Fujian Funeng Co	$5.4B	2.7x	6.1x
Northern Oil & Gas	$5.3B	2.4x	3.4x
ERG	$5.3B	5.6x	8.2x
California Resources	$5.1B	1.6x	4.7x
Viper Energy	$5.1B	4.5x	5.3x
HELLENiQ ENERGY	$5.1B	0.4x	4.8x
Opc Energy	$5.0B	n/a	n/a
Rede Energia	$4.9B	n/a	n/a
Luberef	$4.8B	1.9x	14.2x
PetroVietnam Gas	$4.8B	1.2x	7.9x
Brava Energia	$4.8B	2.4x	5.6x
Reliance Power	$4.7B	n/a	n/a
MedcoEnergi	$4.7B	2.0x	3.9x
Drax Group	$4.7B	0.6x	3.5x
NuScale Power	$4.6B	96.3x	-33.0x
Bangchak Corporation	$4.6B	0.3x	3.8x
ALDREES Petroleum	$4.6B	0.8x	14.6x
Magnolia Oil & Gas	$4.5B	3.5x	4.8x
Mangalore Refinery	$4.5B	0.4x	12.7x
Pampa Energia	$4.5B	2.5x	5.5x
Ithaca Energy	$4.5B	1.7x	2.5x
CVR Energy	$4.3B	0.6x	13.4x
Energa	$4.3B	n/a	n/a
Navitas Petroleum	$4.3B	n/a	n/a
Otter Tail	$4.1B	3.1x	8.5x
ACEN	$4.0B	6.2x	18.4x
Energix-Renewable	$4.0B	n/a	n/a
TAESA	$4.0B	n/a	n/a
Delek US Holdings	$4.0B	0.4x	11.0x
MGE Energy	$4.0B	5.7x	15.6x
SK Gas	$3.9B	0.7x	9.4x
Pertamina Geothermal	$3.9B	9.0x	11.2x
Gulfport Energy	$3.8B	3.2x	4.6x
B.Grimm Power	$3.8B	2.2x	8.8x
Alliance Res Partners	$3.8B	1.6x	5.5x
Kosmos Energy	$3.8B	2.3x	4.2x
Electricity Generating	$3.8B	3.0x	11.0x
Scatec	$3.8B	6.0x	8.3x
Helmerich & Payne	$3.7B	1.1x	4.3x
Peyto	$3.7B	4.0x	5.1x
Energisa Mato Grosso	$3.6B	n/a	n/a
Ignitis	$3.6B	1.3x	5.8x
PTT Oil and Retail	$3.6B	0.2x	6.3x
Patterson-UTI	$3.6B	0.7x	3.5x
Calumet	$3.6B	0.9x	15.5x
Voltalia	$3.6B	5.4x	13.6x
Par Pacific Holdings	$3.2B	0.4x	12.6x
Baytex Energy	$3.1B	1.1x	2.1x
Equatorial Para Distribuidora de Energia	$3.1B	n/a	n/a
Vital Energy	$3.1B	1.6x	2.4x
Secure Waste Infr	$3.1B	2.8x	8.3x
Grenergy Renovables	$2.9B	3.8x	13.9x
Lechwerke	$2.9B	n/a	n/a
Solaria Energia	$2.8B	9.9x	11.1x
Talos Energy	$2.6B	1.4x	2.2x
Vermilion Energy	$2.6B	1.7x	3.0x
OGDC	$2.5B	n/a	2.8x
Sitio Royalties	$2.5B	4.1x	4.7x
Tamarack Valley Energy	$2.5B	2.0x	3.4x
Genesis Energy New Zealand	$2.4B	0.9x	8.3x
Greencoat Renewables	$2.4B	15.7x	18.4x
PNEGroup	$2.4B	8.0x	26.1x
BlueNord	$2.3B	2.4x	4.0x
Beach Energy	$2.3B	1.8x	3.0x
HighPeak Energy	$2.2B	2.3x	2.9x
NuVista Energy	$2.2B	2.3x	4.2x
Odfjell Drilling	$2.2B	2.6x	5.6x
Societatea Nationala Nuclearelectrica	$2.2B	1.8x	3.4x
Mach Natural Resources	$2.2B	2.2x	3.7x
Orygen Peru	$2.2B	n/a	n/a
International Petroleum	$2.1B	2.8x	7.4x
Alerion CleanPower	$2.1B	7.3x	9.4x
BKV Corporation	$2.1B	2.7x	7.3x
Athabasca Oil Corporation	$2.0B	2.0x	4.7x
Tsakos Energy Navigation	$2.0B	3.0x	4.9x
Central Puerto	$1.9B	2.6x	5.0x
Advantage Energy	$1.9B	3.7x	7.0x
Shanghai Petrochemical	$1.9B	0.2x	5.3x
Enefit Green	$1.9B	8.6x	14.2x
Empresa Eléctrica Pehuenche	$1.9B	n/a	n/a
Birchcliff Energy	$1.9B	3.5x	5.9x
AKSA Enerji	$1.8B	n/a	n/a
LandBridge	$1.8B	11.2x	12.7x
Paramount Resources	$1.7B	1.9x	4.0x
Polenergia	$1.7B	1.5x	10.2x
Banpu Power	$1.6B	2.5x	8.2x
Bukit Asam	$1.5B	0.6x	3.5x
Petrolimex	$1.4B	0.1x	7.2x
CropEnergies	$1.4B	n/a	n/a
Natural Resources	$1.4B	n/a	n/a
Dana Gas	$1.4B	3.8x	5.3x
DNO	$1.3B	1.2x	2.1x
Dorchester Minerals	$1.3B	n/a	n/a
Edenor	$1.2B	0.6x	4.6x
SP New Energy	$1.2B	n/a	n/a
Waaree RTL	$1.2B	n/a	n/a
Energiekontor	$1.2B	5.7x	9.8x
Naturenergie Holding	$1.1B	0.5x	3.2x
Verbio	$1.1B	0.6x	23.6x
Maurel & Prom	$1.1B	1.5x	3.4x
Audax Renovables	$1.1B	0.4x	7.9x
Headwater Exploration	$1.1B	2.5x	4.0x
Capex	$1.1B	n/a	n/a
Ecoener	$879M	8.2x	15.8x
West Holdings	$844M	2.2x	8.3x
ABO Energy	$721M	1.5x	8.6x
Arendals Fossekompani	$720M	22.5x	47.7x
Hallador Energy	$711M	1.8x	27.9x
Archer	$658M	0.5x	4.2x
EnviTec Biogas	$527M	n/a	n/a
Genie Energy	$524M	1.2x	34.5x
Gevo	$489M	4.6x	-20.2x
HLB Life Science	$476M	n/a	n/a
KN Energies	$454M	n/a	n/a
Deutsche Rohstoff	$399M	1.7x	2.4x
Dynagas LNG Partners	$387M	2.6x	n/a
Edisun Power	$374M	n/a	n/a
OPAL Fuels	$343M	1.0x	3.6x
Montauk Renewables	$340M	1.9x	7.8x
Petrolina (Hldgs)	$330M	n/a	n/a
Tamboran Resources	$314M	584.0x	-12.1x
Gas Plus	$273M	n/a	n/a
La Francaise de l'Energie	$271M	6.7x	10.4x
Photon Energy	$256M	2.3x	19.0x
Deep Value Driller	$245M	4.4x	4.7x
Infinity Natural Resources	$234M	0.7x	1.0x
Makpetrol	$216M	n/a	n/a
Orron Energy	$210M	5.4x	71.4x
Awilco LNG	$208M	n/a	n/a
Lhyfe	$206M	10.2x	-7.3x
LGI Ltd.	$195M	8.0x	17.2x
Clearvise	$169M	3.6x	5.6x
Bumech	$168M	n/a	n/a
Enda Enerji	$147M	n/a	n/a
A.b.p. Nocivelli	$127M	1.2x	6.6x
Conpet	$126M	n/a	n/a
Oil Terminal	$122M	n/a	n/a
Daldrup & Söhne	$90.0M	1.4x	8.9x
Okea	$88.8M	0.1x	0.1x
Pyxis Tankers	$72.8M	1.6x	3.5x
Docks Petroles d Ambes	$71.8M	n/a	n/a
Uni-Fuels	$67.7M	n/a	n/a
Dolphin Drilling	$51.8M	0.4x	-10.8x
InterOil Exploration	$44.3M	n/a	n/a
Hydrogen De	$39.4M	3.0x	-2.1x
Onico	$36.5M	n/a	n/a
Crown LNG Holdings	$33.9M	n/a	n/a
Groupe Okwind	$28.1M	0.4x	53.4x
Toplivo	$23.7M	n/a	n/a
Eagle Filters Group	$22.6M	n/a	n/a
Founder Group Limited	$22.5M	n/a	n/a
Ecoslops	$17.6M	n/a	n/a
Robin Energy	$16.7M	n/a	n/a
Verde Clean Fuels	$14.6M	n/a	n/a
Atlantic Petroleum	$12.8M	n/a	n/a
Oil and Gas Explr and Pro	$9.7M	n/a	n/a
Hunter Group	$7.0M	n/a	n/a
Clean & Carbon Energy	$3.4M	n/a	n/a
Igrene	$1.8M	n/a	n/a
Maha Energy	-$35.8M	n/a	n/a
LW Bogdanka	-$61.6M	-0.1x	-0.3x
Esso	-$107M	n/a	n/a
Imperial Ptrl	-$120M	-0.8x	-2.2x