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	$213B	2.0x	10.7x
GE Vernova	$188B	5.0x	55.7x
Enbridge	$185B	4.2x	12.8x
Siemens Energy	$139B	2.9x	27.4x
Energy Transfer	$124B	1.5x	7.7x
Williams Companies	$110B	9.7x	14.2x
TC Energy	$106B	9.6x	13.3x
Enterprise Products	$105B	2.0x	10.7x
Kinder Morgan	$99.8B	5.9x	12.0x
Sempra	$89.5B	6.2x	15.1x
ONEOK	$82.4B	2.4x	10.2x
MPLX	$81.2B	6.3x	11.6x
Quanta Services	$76.2B	2.7x	26.9x
Targa Resources	$60.4B	3.6x	12.4x
RWE	$50.5B	1.9x	8.8x
E.ON	$50.4B	0.5x	4.4x
Naturgy Energy Group	$44.3B	1.9x	7.0x
Snam	$43.8B	9.7x	12.5x
China Energy Engineering	$43.1B	0.6x	8.3x
NRG Energy	$41.3B	1.4x	10.2x
Orlen	$39.1B	0.5x	3.9x
NiSource	$36.6B	6.0x	12.6x
Atmos Energy	$36.0B	7.3x	15.0x
Pembina Pipeline	$34.9B	6.1x	11.1x
Xylem	$34.5B	3.8x	17.3x
Korea Gas	$26.8B	1.1x	9.0x
Neste	$24.8B	1.1x	13.6x
Towngas	$24.3B	3.3x	15.4x
Western Midstream	$23.7B	6.1x	9.4x
TechnipFMC	$23.0B	2.3x	12.6x
Plains All American Pipeline	$22.0B	0.5x	7.7x
Brookfield Renewable	$21.8B	3.7x	7.8x
Essential Utilities	$18.9B	8.0x	15.2x
Brookfield Infrastructure	$18.3B	n/a	n/a
APA Group	$17.1B	7.7x	11.9x
China Merchants Energy	$16.5B	4.2x	10.9x
Quinenco	$16.0B	1587.0x	n/a
Adani Energy Solutions	$15.3B	5.4x	15.5x
ADNOC	$15.1B	1.6x	12.8x
Sembcorp	$14.7B	3.0x	11.9x
COSCO SHIPPING Energy	$14.6B	4.0x	9.8x
Cosan	$14.0B	0.5x	3.5x
ACCIONA Energía	$14.0B	4.0x	7.5x
Grupo Energía Bogotá	$13.3B	5.9x	13.9x
Plains GP Holdings	$12.5B	0.3x	4.4x
Nakilat	$12.4B	11.5x	15.1x
Jereh Group	$12.2B	5.2x	20.0x
Chuantou Energy	$11.9B	47.1x	14.0x
Transocean	$10.9B	2.8x	8.0x
Murphy USA	$10.6B	0.5x	10.7x
China Oilfield Services	$10.5B	1.4x	6.1x
Keyera	$10.5B	2.0x	12.7x
National Fuel Gas	$10.5B	4.4x	7.2x
Spire	$10.4B	4.1x	12.1x
Ormat Technologies	$10.3B	10.6x	17.7x
Black Hills	$9.9B	4.2x	10.7x
New Fortress Energy	$9.5B	4.7x	120.8x
Pennon Group	$9.5B	5.7x	14.2x
Frontline	$9.4B	7.6x	9.9x
Siemens Energy India	$9.3B	10.2x	52.6x
CMB.Tech	$9.2B	6.6x	11.8x
Royal Vopak	$8.9B	5.1x	7.9x
New Jersey Resources	$8.8B	4.2x	12.5x
Southwest Gas Holdings	$8.7B	2.3x	9.8x
China Resources Gas	$8.3B	0.6x	5.9x
Northland Power	$8.2B	4.8x	9.2x
ONE Gas	$8.2B	3.2x	10.6x
Subsea 7	$7.9B	1.1x	5.3x
Grupo Ultra	$7.9B	0.3x	6.4x
Saipem	$7.8B	0.4x	3.9x
Gaztransport & Technigaz	$7.5B	7.9x	11.7x
Guangdong Investment	$7.4B	3.1x	5.9x
Noble Corp	$7.2B	2.2x	6.5x
Ampol	$7.1B	0.3x	7.2x
Contact Energy	$6.6B	3.3x	12.7x
DCC	$6.6B	0.3x	5.7x
Motor Oil (Hellas)	$6.6B	0.5x	4.9x
Enagas	$6.6B	6.4x	8.3x
Adani Total Gas	$6.4B	11.7x	51.4x
Kodiak Gas Services	$6.3B	4.8x	8.8x
Rubis	$6.1B	0.8x	7.0x
Auren Energia	$6.0B	2.5x	8.9x
Viva Energy Australia	$5.8B	0.3x	12.1x
Worley	$5.8B	0.7x	8.2x
CNOOC Energy Technology	$5.8B	0.7x	5.7x
Pampa Energia	$5.8B	2.9x	6.2x
Yinson	$5.7B	4.7x	8.3x
Kunlun Energy	$5.7B	0.2x	2.5x
Redes Energéticas Nacionais	$5.6B	4.5x	9.1x
Golar LNG	$5.5B	13.9x	21.6x
PrairieSky Royalty	$5.2B	14.6x	15.9x
Gibson Energy	$5.1B	0.7x	12.0x
Genesis Energy	$5.1B	3.3x	9.5x
Transportadora de Gas del Sur	$5.0B	4.1x	7.9x
Delek Logistics	$4.9B	4.7x	9.8x
Promigas	$4.8B	n/a	n/a
Chesapeake Utilities	$4.6B	5.2x	14.6x
Liberty Energy	$4.6B	1.2x	8.1x
Valaris	$4.5B	2.0x	7.4x
NGL Energy Partners	$4.5B	1.5x	6.9x
Northwest Natural Holdings	$4.4B	3.3x	10.0x
Jiangxi Jovo Energy Co	$4.3B	1.3x	13.1x
ALDREES Petroleum	$4.3B	0.6x	13.2x
MyMesra	$4.3B	0.5x	8.7x
Badger Meter	$4.1B	4.4x	18.7x
Alupar	$4.0B	n/a	n/a
Paz Retail And Energy	$3.9B	n/a	n/a
Woqod	$3.9B	0.5x	16.0x
Centuri Holdings	$3.8B	1.3x	15.5x
Fluence Energy	$3.8B	1.5x	137.5x
MVV Energie	$3.8B	n/a	n/a
Toho Gas	$3.7B	0.9x	8.3x
Global Partners	$3.6B	0.2x	9.5x
Topaz Energy	$3.6B	14.7x	14.9x
Societatea Energetica	$3.6B	n/a	n/a
Petronet LNG	$3.5B	0.7x	6.0x
Scorpio Tankers	$3.5B	3.9x	6.8x
Secure Waste Infr	$3.5B	3.2x	9.6x
Cadeler	$3.5B	4.9x	7.4x
Equital	$3.4B	n/a	n/a
Technip Energies	$3.4B	0.4x	4.4x
Oceaneering	$3.4B	1.2x	8.5x
Tidewater	$3.3B	2.5x	5.7x
International Seaways	$3.3B	4.2x	7.3x
Borr Drilling	$3.3B	3.3x	7.0x
Nofar Energy	$3.2B	n/a	n/a
Arabian Drilling	$3.2B	3.4x	9.4x
TORM	$3.1B	3.5x	5.7x
Perusahaan Gas Negara	$3.0B	0.8x	3.3x
Nabors Industries	$2.9B	0.9x	3.1x
Petrol Group	$2.9B	0.4x	7.3x
Gujarat Gas	$2.8B	1.6x	13.7x
Naturgy Brasil	$2.8B	n/a	n/a
NMDC Energy	$2.7B	0.6x	5.8x
TGS	$2.7B	1.7x	2.9x
Suburban Propane	$2.7B	1.9x	9.5x
Seadrill	$2.6B	1.9x	7.8x
Aegis Logistics	$2.6B	3.1x	19.2x
Longshine Technology	$2.6B	3.7x	34.4x
DHT Holdings	$2.5B	6.6x	8.6x
Nippon Gas	$2.2B	1.7x	10.9x
Indraprastha Gas	$2.2B	1.2x	9.5x
Excelerate Energy	$2.1B	1.9x	4.8x
ProFrac	$2.1B	1.1x	7.2x
Fugro	$2.0B	0.9x	6.6x
Friedrich Vorwerk Group	$2.0B	2.5x	12.1x
Enerya Enerji	$2.0B	n/a	n/a
Atlas Energy Solutions	$2.0B	1.8x	9.4x
Navigator Gas	$2.0B	3.6x	7.0x
COOEC	$2.0B	0.4x	3.3x
Bristow Group	$2.0B	1.3x	7.8x
Nanjing Tanker	$1.9B	2.3x	6.1x
Dor Alon Energy	$1.9B	n/a	n/a
World Kinect	$1.8B	0.0x	5.2x
Expro	$1.8B	1.1x	5.1x
Polenergia	$1.8B	1.7x	12.4x
Wood	$1.8B	0.4x	5.2x
National Gas	$1.7B	n/a	n/a
Dorian LPG	$1.7B	4.0x	6.9x
CrossAmerica Partners	$1.7B	0.5x	12.2x
Tetra Technologies	$1.7B	2.7x	15.0x
Romande Energie	$1.7B	n/a	n/a
Kimbell Royalty Partners	$1.7B	5.1x	6.2x
Fluxys Belgium	$1.6B	2.3x	4.6x
Afriquia Gaz	$1.6B	1.5x	9.2x
Select Water	$1.6B	1.2x	6.2x
ProPetro Holding	$1.5B	1.2x	8.2x
Summit Midstream	$1.5B	2.7x	6.2x
Teekay Tankers	$1.5B	2.3x	5.2x
Gas Malaysia	$1.5B	0.7x	9.2x
Helix Energy Solutions	$1.5B	1.2x	5.7x
Vivo Energy Mauritius	$1.4B	n/a	n/a
RPC Inc.	$1.4B	0.9x	5.6x
Paratus Energy Services	$1.4B	6.0x	5.5x
Bonheur	$1.4B	1.1x	3.6x
Ahlatcı Doğal Gaz	$1.3B	n/a	n/a
Nordic American Tankers	$1.2B	6.4x	12.8x
Aygaz	$1.1B	0.6x	17.8x
Indian Energy Exchange	$1.1B	16.3x	19.1x
Energiekontor	$1.1B	5.3x	11.5x
Waaree RTL	$997M	n/a	n/a
Mahanagar Gas	$996M	1.2x	6.0x
CW Enerji	$937M	n/a	n/a
Exmar	$898M	n/a	n/a
JANAF	$774M	n/a	n/a
Transrail Lighting	$751M	1.1x	9.4x
Star Group	$677M	n/a	n/a
Fastned	$675M	4.2x	33.8x
Next Geo	$671M	2.2x	8.3x
thyssenkrupp nucera	$585M	0.6x	48.7x
Oil States International	$565M	0.8x	6.9x
Allego	$555M	n/a	n/a
EVgo	$487M	1.3x	-41.3x
Sterling and Wilson	$472M	0.6x	14.3x
Moreld	$467M	0.5x	2.9x
Capital	$453M	1.3x	5.8x
Sinopec Kantons Holdings	$428M	n/a	n/a
OPAL Fuels	$391M	1.1x	4.8x
Integrated Wind Solutions	$390M	3.1x	9.6x
Nine Energy Service	$387M	n/a	n/a
RGC Resources	$372M	3.9x	n/a
Ventura Offshore Holding	$358M	1.4x	4.1x
7C Solarparken	$342M	n/a	n/a
Ranger Energy Services	$339M	0.6x	4.8x
Studsvik	$305M	3.0x	23.1x
ChargePoint	$295M	0.7x	-3.3x
HMS Bergbau	$265M	0.1x	9.9x
CBH Engineering Holding	$210M	3.5x	20.0x
Arq	$179M	1.5x	11.9x
Entech	$156M	1.7x	39.5x
NextNRG	$152M	1.8x	n/a
Onde	$149M	n/a	n/a
PRL Global	$145M	n/a	n/a
Naas Technology	$143M	n/a	n/a
Enersense International	$110M	0.3x	3.3x
EiDF SOLAR	$104M	n/a	n/a
AJ Lucas Group	$92.2M	n/a	n/a
Blink Charging	$87.3M	0.8x	-1.5x
XCHG	$52.5M	n/a	n/a
Solarium Green Energy	$50.8M	n/a	n/a
Swift Energy Technology	$29.3M	n/a	n/a
Mon Courtier Energie Gr	$10.8M	0.3x	3.4x
Mammoth Energy Services	$6.6M	n/a	n/a
Teekay	-$6.0M	n/a	n/a
Aker Carbon Capture	-$183M	n/a	n/a