Energy Services Valuation Multiples and Public Comps

Energy Services

See analyst estimates and all valuation multiples for Energy Services

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Reliance Industries	$234B	2.1x	11.5x
Enbridge	$183B	4.2x	12.8x
GE Vernova	$178B	4.8x	52.8x
Siemens Energy	$129B	2.7x	25.7x
Energy Transfer	$120B	1.5x	7.5x
Enterprise Products	$105B	2.0x	10.6x
Williams Companies	$103B	9.1x	13.3x
TC Energy	$102B	9.3x	12.9x
Kinder Morgan	$94.6B	5.6x	11.4x
Sempra	$93.1B	6.4x	15.7x
MPLX	$81.9B	6.3x	11.7x
ONEOK	$79.3B	2.4x	9.8x
Quanta Services	$75.0B	2.7x	26.5x
Targa Resources	$57.1B	3.4x	11.7x
E.ON	$48.4B	0.5x	4.3x
RWE	$48.2B	1.9x	8.5x
Snam	$43.5B	9.7x	12.6x
China Energy Engineering	$43.3B	0.6x	8.3x
Naturgy Energy Group	$42.9B	1.8x	6.9x
NRG Energy	$41.2B	1.4x	10.2x
Atmos Energy	$36.7B	7.5x	15.3x
Xylem	$36.5B	4.0x	18.3x
NiSource	$36.5B	5.9x	12.6x
Orlen	$35.9B	0.5x	3.6x
Pembina Pipeline	$33.6B	5.9x	10.8x
Korea Gas	$26.8B	1.1x	8.9x
Towngas	$24.0B	3.2x	15.2x
Western Midstream	$23.8B	6.2x	9.4x
Neste	$23.3B	1.0x	13.0x
Plains All American Pipeline	$22.1B	0.5x	7.7x
TechnipFMC	$21.6B	2.2x	11.8x
Brookfield Renewable	$21.3B	3.7x	7.7x
Essential Utilities	$19.2B	8.2x	15.4x
Brookfield Infrastructure	$18.5B	n/a	n/a
APA Group	$16.6B	7.6x	11.8x
Adani Energy Solutions	$16.4B	5.7x	16.3x
China Merchants Energy	$16.3B	4.2x	10.8x
Quinenco	$15.4B	1572.8x	n/a
Sembcorp	$14.7B	3.0x	12.0x
ADNOC	$14.4B	1.5x	12.2x
ACCIONA Energía	$14.0B	4.1x	7.6x
Cosan	$13.2B	0.5x	3.4x
COSCO SHIPPING Energy	$13.1B	3.7x	8.9x
Grupo Energía Bogotá	$12.7B	5.8x	13.7x
Plains GP Holdings	$12.5B	0.3x	4.4x
Nakilat	$12.2B	11.7x	15.3x
Chuantou Energy	$11.9B	47.3x	14.1x
Jereh Group	$11.6B	5.0x	19.0x
Murphy USA	$11.0B	0.6x	11.1x
National Fuel Gas	$10.5B	4.4x	7.2x
Spire	$10.3B	4.1x	12.1x
Keyera	$10.2B	2.0x	12.5x
Transocean	$10.0B	2.5x	7.4x
Black Hills	$9.9B	4.3x	10.8x
Ormat Technologies	$9.8B	10.1x	17.0x
China Oilfield Services	$9.6B	1.3x	5.6x
New Fortress Energy	$9.6B	4.7x	121.1x
Pennon Group	$9.4B	5.7x	14.2x
CMB.Tech	$9.0B	6.5x	11.7x
Southwest Gas Holdings	$9.0B	2.4x	10.1x
Frontline	$8.9B	7.2x	9.3x
Siemens Energy India	$8.8B	9.6x	49.1x
New Jersey Resources	$8.6B	4.1x	12.3x
Royal Vopak	$8.5B	4.9x	7.6x
China Resources Gas	$8.3B	0.6x	5.9x
Northland Power	$8.2B	4.8x	9.3x
ONE Gas	$8.1B	3.2x	10.5x
Gaztransport & Technigaz	$7.2B	7.6x	11.3x
Grupo Ultra	$7.1B	0.3x	5.8x
Ampol	$7.0B	0.3x	7.3x
Subsea 7	$7.0B	1.0x	4.9x
Guangdong Investment	$7.0B	2.9x	5.6x
Saipem	$6.9B	0.4x	3.5x
Adani Total Gas	$6.8B	12.3x	54.2x
Noble Corp	$6.7B	2.1x	6.1x
Enagas	$6.5B	6.4x	8.3x
Contact Energy	$6.4B	3.3x	12.7x
DCC	$6.3B	0.3x	5.5x
Motor Oil (Hellas)	$6.0B	0.4x	4.5x
Viva Energy Australia	$5.9B	0.3x	12.7x
Auren Energia	$5.9B	2.6x	9.0x
Rubis	$5.9B	0.8x	6.9x
Kodiak Gas Services	$5.9B	4.5x	8.3x
Yinson	$5.7B	4.7x	8.4x
Worley	$5.6B	0.7x	8.1x
Redes Energéticas Nacionais	$5.4B	4.4x	8.9x
Golar LNG	$5.4B	13.6x	21.2x
Pampa Energia	$5.3B	2.7x	5.8x
Genesis Energy	$5.2B	3.3x	9.6x
Kunlun Energy	$5.0B	0.2x	2.2x
Gibson Energy	$5.0B	0.6x	11.7x
CNOOC Energy Technology	$4.9B	0.6x	4.9x
Badger Meter	$4.9B	5.2x	22.2x
Delek Logistics	$4.8B	4.6x	9.6x
PrairieSky Royalty	$4.8B	13.7x	14.9x
Chesapeake Utilities	$4.5B	5.1x	14.3x
Promigas	$4.5B	n/a	n/a
Transportadora de Gas del Sur	$4.4B	3.7x	7.1x
Northwest Natural Holdings	$4.4B	3.3x	10.1x
ALDREES Petroleum	$4.4B	0.6x	13.3x
Jiangxi Jovo Energy Co	$4.3B	1.3x	13.1x
Valaris	$4.3B	1.8x	7.0x
NGL Energy Partners	$4.2B	1.4x	6.5x
MyMesra	$4.1B	0.4x	8.4x
Paz Retail And Energy	$4.0B	n/a	n/a
Liberty Energy	$3.9B	1.0x	6.8x
Alupar	$3.8B	n/a	n/a
Centuri Holdings	$3.8B	1.3x	15.6x
Woqod	$3.7B	0.5x	15.9x
MVV Energie	$3.7B	n/a	n/a
Petronet LNG	$3.7B	0.7x	6.1x
Toho Gas	$3.5B	0.9x	8.0x
Global Partners	$3.5B	0.2x	9.3x
Equital	$3.5B	n/a	n/a
Secure Waste Infr	$3.5B	3.3x	9.7x
Societatea Energetica	$3.5B	n/a	n/a
Topaz Energy	$3.4B	13.9x	14.1x
Technip Energies	$3.4B	0.4x	4.4x
Cadeler	$3.3B	4.8x	7.3x
Scorpio Tankers	$3.3B	3.6x	6.3x
Fluence Energy	$3.3B	1.3x	118.8x
International Seaways	$3.2B	4.0x	7.0x
Arabian Drilling	$3.2B	3.4x	9.4x
Borr Drilling	$3.1B	3.1x	6.8x
Oceaneering	$3.1B	1.1x	7.8x
Tidewater	$3.1B	2.3x	5.2x
Nofar Energy	$3.1B	n/a	n/a
TORM	$3.0B	3.4x	5.5x
Gujarat Gas	$2.9B	1.6x	13.8x
Nabors Industries	$2.8B	0.9x	3.1x
Perusahaan Gas Negara	$2.8B	0.7x	3.1x
Petrol Group	$2.7B	0.4x	7.0x
Aegis Logistics	$2.7B	3.2x	19.4x
Longshine Technology	$2.7B	3.9x	35.7x
Naturgy Brasil	$2.6B	n/a	n/a
Suburban Propane	$2.6B	1.8x	9.2x
TGS	$2.6B	1.7x	2.9x
NMDC Energy	$2.5B	0.6x	5.4x
Seadrill	$2.4B	1.7x	7.1x
DHT Holdings	$2.3B	6.2x	8.0x
Indraprastha Gas	$2.3B	1.3x	10.0x
Nippon Gas	$2.2B	1.8x	11.1x
Excelerate Energy	$2.0B	1.8x	4.6x
Navigator Gas	$2.0B	3.6x	6.8x
ProFrac	$2.0B	1.0x	6.7x
Atlas Energy Solutions	$1.9B	1.8x	9.0x
World Kinect	$1.9B	0.0x	5.3x
Bristow Group	$1.8B	1.2x	7.4x
Dor Alon Energy	$1.8B	n/a	n/a
Enerya Enerji	$1.8B	n/a	n/a
Expro	$1.8B	1.1x	5.1x
Wood	$1.8B	0.4x	5.3x
Polenergia	$1.8B	1.7x	12.7x
Friedrich Vorwerk Group	$1.8B	2.3x	10.7x
Fugro	$1.7B	0.8x	5.7x
National Gas	$1.7B	n/a	n/a
Tetra Technologies	$1.7B	2.7x	15.2x
Romande Energie	$1.7B	n/a	n/a
Fluxys Belgium	$1.7B	2.3x	4.7x
CrossAmerica Partners	$1.7B	0.5x	12.0x
Dorian LPG	$1.7B	3.9x	6.7x
Afriquia Gaz	$1.6B	1.6x	9.5x
Nanjing Tanker	$1.6B	1.9x	5.1x
Select Water	$1.6B	1.1x	6.1x
Kimbell Royalty Partners	$1.5B	4.8x	5.7x
COOEC	$1.5B	0.3x	2.6x
Summit Midstream	$1.5B	2.6x	6.1x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Gas Malaysia	$1.4B	0.7x	8.9x
Helix Energy Solutions	$1.3B	1.1x	5.2x
Bonheur	$1.3B	1.1x	3.6x
Paratus Energy Services	$1.3B	6.0x	5.6x
Teekay Tankers	$1.3B	2.1x	4.6x
RPC Inc.	$1.3B	0.8x	5.2x
Nordic American Tankers	$1.2B	6.4x	12.6x
Indian Energy Exchange	$1.2B	18.4x	21.6x
ProPetro Holding	$1.2B	1.0x	6.4x
Waaree RTL	$1.1B	n/a	n/a
Ahlatcı Doğal Gaz	$1.1B	n/a	n/a
Mahanagar Gas	$1.0B	1.2x	6.1x
Aygaz	$1.0B	0.5x	15.8x
Energiekontor	$1.0B	5.2x	11.2x
Exmar	$902M	n/a	n/a
CW Enerji	$867M	n/a	n/a
JANAF	$817M	n/a	n/a
Transrail Lighting	$762M	1.1x	9.3x
Next Geo	$687M	2.3x	8.7x
Fastned	$683M	4.3x	34.6x
Star Group	$667M	n/a	n/a
thyssenkrupp nucera	$557M	0.6x	47.0x
Oil States International	$548M	0.8x	6.7x
Sterling and Wilson	$545M	0.7x	16.1x
Allego	$538M	n/a	n/a
EVgo	$496M	1.4x	-42.0x
Moreld	$453M	0.5x	2.9x
Capital	$422M	1.2x	5.5x
OPAL Fuels	$400M	1.2x	4.9x
Nine Energy Service	$382M	n/a	n/a
Integrated Wind Solutions	$372M	3.0x	9.5x
RGC Resources	$370M	3.8x	n/a
Sinopec Kantons Holdings	$349M	n/a	n/a
Ventura Offshore Holding	$335M	1.3x	4.0x
7C Solarparken	$335M	n/a	n/a
Ranger Energy Services	$322M	0.6x	4.6x
ChargePoint	$318M	0.8x	-3.6x
Studsvik	$276M	2.8x	21.5x
HMS Bergbau	$267M	0.2x	10.1x
CBH Engineering Holding	$241M	4.1x	23.3x
Arq	$183M	1.5x	12.2x
NextNRG	$177M	2.1x	n/a
Onde	$155M	n/a	n/a
Naas Technology	$145M	n/a	n/a
Entech	$145M	1.6x	37.1x
PRL Global	$136M	n/a	n/a
Blink Charging	$110M	1.1x	-1.9x
Enersense International	$107M	0.3x	3.3x
EiDF SOLAR	$106M	n/a	n/a
AJ Lucas Group	$90.3M	n/a	n/a
XCHG	$55.9M	n/a	n/a
Solarium Green Energy	$54.6M	n/a	n/a
Swift Energy Technology	$31.3M	n/a	n/a
Mon Courtier Energie Gr	$10.7M	0.3x	3.4x
Mammoth Energy Services	$4.2M	n/a	n/a
Teekay	-$53.8M	n/a	n/a
Aker Carbon Capture	-$178M	n/a	n/a