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	$224B	2.0x	11.1x
Enbridge	$181B	4.2x	12.7x
GE Vernova	$174B	4.7x	51.7x
Siemens Energy	$124B	2.7x	25.0x
Energy Transfer	$121B	1.5x	7.5x
Williams Companies	$105B	9.2x	13.6x
Enterprise Products	$105B	2.0x	10.6x
TC Energy	$101B	9.3x	12.8x
Kinder Morgan	$96.0B	5.7x	11.5x
Sempra	$88.8B	6.1x	15.0x
MPLX	$80.9B	6.2x	11.5x
ONEOK	$79.1B	2.3x	9.8x
Quanta Services	$76.0B	2.7x	26.9x
Targa Resources	$58.1B	3.4x	11.9x
RWE	$47.5B	1.8x	8.4x
E.ON	$47.0B	0.5x	4.2x
China Energy Engineering	$43.4B	0.6x	8.3x
Naturgy Energy Group	$42.7B	1.8x	6.9x
Snam	$42.7B	9.6x	12.4x
NRG Energy	$40.9B	1.4x	10.1x
NiSource	$36.4B	5.9x	12.6x
Atmos Energy	$36.3B	7.4x	15.1x
Xylem	$35.4B	3.9x	17.7x
Orlen	$35.4B	0.5x	3.6x
Pembina Pipeline	$33.4B	5.9x	10.8x
Korea Gas	$26.3B	1.1x	9.0x
Towngas	$24.1B	3.2x	15.3x
Western Midstream	$23.4B	6.0x	9.3x
Neste	$23.3B	1.1x	13.0x
TechnipFMC	$22.4B	2.3x	12.3x
Plains All American Pipeline	$21.9B	0.5x	7.7x
Brookfield Renewable	$21.1B	3.7x	7.7x
Essential Utilities	$19.0B	8.1x	15.3x
Brookfield Infrastructure	$18.3B	n/a	n/a
APA Group	$16.7B	7.7x	12.0x
China Merchants Energy	$16.2B	4.2x	10.6x
Adani Energy Solutions	$16.2B	5.6x	16.2x
Quinenco	$15.6B	1569.0x	n/a
ADNOC	$14.6B	1.5x	12.4x
Sembcorp	$14.5B	3.0x	11.9x
ACCIONA Energía	$13.6B	4.0x	7.4x
COSCO SHIPPING Energy	$13.5B	3.8x	9.1x
Cosan	$13.2B	0.4x	3.4x
Grupo Energía Bogotá	$13.1B	5.8x	13.8x
Plains GP Holdings	$12.5B	0.3x	4.4x
Jereh Group	$12.4B	5.3x	20.3x
Nakilat	$12.3B	11.4x	14.9x
Chuantou Energy	$12.0B	47.8x	14.2x
Murphy USA	$10.7B	0.5x	10.8x
National Fuel Gas	$10.7B	4.5x	7.3x
Transocean	$10.5B	2.7x	7.7x
Spire	$10.4B	4.1x	12.1x
Ormat Technologies	$10.1B	10.4x	17.4x
Keyera	$9.9B	2.0x	12.2x
Black Hills	$9.9B	4.3x	10.8x
China Oilfield Services	$9.8B	1.3x	5.7x
New Fortress Energy	$9.5B	4.7x	120.8x
Pennon Group	$9.3B	5.7x	14.2x
Frontline	$8.9B	7.2x	9.4x
Southwest Gas Holdings	$8.8B	2.4x	9.9x
CMB.Tech	$8.8B	6.4x	11.5x
New Jersey Resources	$8.6B	4.1x	12.3x
Royal Vopak	$8.6B	5.0x	7.7x
Siemens Energy India	$8.5B	9.3x	47.7x
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
Grupo Ultra	$7.2B	0.3x	5.9x
Subsea 7	$7.1B	1.0x	5.0x
Ampol	$7.1B	0.3x	7.4x
Gaztransport & Technigaz	$7.1B	7.5x	11.2x
Guangdong Investment	$7.0B	2.9x	5.6x
Saipem	$6.9B	0.4x	3.6x
Noble Corp	$6.9B	2.1x	6.3x
Adani Total Gas	$6.6B	11.9x	52.5x
Enagas	$6.4B	6.3x	8.2x
Contact Energy	$6.3B	3.2x	12.5x
DCC	$6.2B	0.3x	5.4x
Motor Oil (Hellas)	$6.1B	0.5x	4.7x
Kodiak Gas Services	$6.1B	4.6x	8.5x
Auren Energia	$5.9B	2.6x	9.0x
Viva Energy Australia	$5.9B	0.3x	12.6x
Rubis	$5.8B	0.8x	6.8x
Yinson	$5.7B	4.7x	8.4x
Kunlun Energy	$5.6B	0.2x	2.5x
Pampa Energia	$5.5B	2.8x	5.9x
Worley	$5.4B	0.7x	7.9x
Golar LNG	$5.4B	13.8x	21.4x
Redes Energéticas Nacionais	$5.3B	4.4x	8.9x
Genesis Energy	$5.2B	3.3x	9.5x
CNOOC Energy Technology	$5.1B	0.6x	5.0x
Gibson Energy	$4.9B	0.6x	11.7x
Delek Logistics	$4.9B	4.7x	9.6x
PrairieSky Royalty	$4.9B	13.9x	15.1x
Badger Meter	$4.8B	5.2x	22.0x
Jiangxi Jovo Energy Co	$4.8B	1.5x	14.4x
Promigas	$4.7B	n/a	n/a
Transportadora de Gas del Sur	$4.6B	3.8x	7.3x
Chesapeake Utilities	$4.6B	5.2x	14.4x
ALDREES Petroleum	$4.5B	0.7x	13.6x
Northwest Natural Holdings	$4.4B	3.4x	10.1x
Valaris	$4.3B	1.9x	7.1x
NGL Energy Partners	$4.3B	1.4x	6.6x
MyMesra	$4.2B	0.4x	8.6x
Liberty Energy	$4.0B	1.1x	7.1x
Woqod	$3.9B	0.5x	16.1x
Paz Retail And Energy	$3.9B	n/a	n/a
Centuri Holdings	$3.9B	1.3x	15.8x
Alupar	$3.8B	n/a	n/a
MVV Energie	$3.7B	n/a	n/a
Global Partners	$3.6B	0.2x	9.4x
Toho Gas	$3.5B	0.9x	8.0x
Petronet LNG	$3.5B	0.6x	5.8x
Equital	$3.5B	n/a	n/a
Secure Waste Infr	$3.5B	3.2x	9.7x
Societatea Energetica	$3.4B	n/a	n/a
Topaz Energy	$3.4B	13.8x	14.0x
Scorpio Tankers	$3.3B	3.6x	6.3x
Cadeler	$3.3B	4.7x	7.2x
International Seaways	$3.3B	4.1x	7.1x
Technip Energies	$3.3B	0.4x	4.3x
Oceaneering	$3.2B	1.2x	8.1x
Arabian Drilling	$3.2B	3.5x	9.6x
Tidewater	$3.2B	2.4x	5.4x
Fluence Energy	$3.2B	1.2x	115.3x
Borr Drilling	$3.1B	3.1x	6.7x
Nofar Energy	$3.1B	n/a	n/a
Perusahaan Gas Negara	$2.9B	0.8x	3.2x
TORM	$2.9B	3.3x	5.4x
Longshine Technology	$2.8B	4.1x	37.8x
Nabors Industries	$2.8B	0.9x	3.1x
Gujarat Gas	$2.8B	1.6x	13.4x
Naturgy Brasil	$2.6B	n/a	n/a
Petrol Group	$2.6B	0.4x	6.9x
Suburban Propane	$2.6B	1.8x	9.4x
Seadrill	$2.6B	1.9x	7.8x
NMDC Energy	$2.6B	0.6x	5.6x
TGS	$2.6B	1.7x	2.9x
Aegis Logistics	$2.5B	2.9x	18.1x
DHT Holdings	$2.3B	6.2x	8.0x
Indraprastha Gas	$2.2B	1.2x	9.7x
Nippon Gas	$2.2B	1.7x	10.9x
ProFrac	$2.1B	1.1x	7.1x
Excelerate Energy	$2.0B	1.8x	4.6x
Atlas Energy Solutions	$2.0B	1.8x	9.3x
Navigator Gas	$2.0B	3.6x	6.9x
Bristow Group	$1.9B	1.3x	7.6x
Enerya Enerji	$1.8B	n/a	n/a
Dor Alon Energy	$1.8B	n/a	n/a
Expro	$1.8B	1.1x	5.1x
Wood	$1.8B	0.4x	5.3x
World Kinect	$1.8B	0.0x	5.2x
Polenergia	$1.8B	1.7x	12.6x
COOEC	$1.8B	0.4x	3.0x
National Gas	$1.7B	n/a	n/a
Nanjing Tanker	$1.7B	2.0x	5.5x
Fugro	$1.7B	0.8x	5.6x
Tetra Technologies	$1.7B	2.7x	15.0x
CrossAmerica Partners	$1.7B	0.5x	12.2x
Friedrich Vorwerk Group	$1.7B	2.1x	10.1x
Dorian LPG	$1.7B	3.9x	6.7x
Fluxys Belgium	$1.6B	2.3x	4.6x
Romande Energie	$1.6B	n/a	n/a
Afriquia Gaz	$1.6B	1.5x	9.4x
Select Water	$1.6B	1.2x	6.3x
Kimbell Royalty Partners	$1.6B	4.9x	5.9x
Summit Midstream	$1.5B	2.7x	6.1x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Gas Malaysia	$1.4B	0.7x	8.9x
Helix Energy Solutions	$1.4B	1.1x	5.4x
Teekay Tankers	$1.4B	2.2x	4.9x
Paratus Energy Services	$1.3B	6.0x	5.6x
RPC Inc.	$1.3B	0.8x	5.4x
Bonheur	$1.3B	1.1x	3.6x
ProPetro Holding	$1.3B	1.0x	6.9x
Nordic American Tankers	$1.2B	6.4x	12.6x
Indian Energy Exchange	$1.1B	16.8x	19.7x
Mahanagar Gas	$1.1B	1.2x	6.3x
Ahlatcı Doğal Gaz	$1.1B	n/a	n/a
Aygaz	$1.0B	0.5x	15.7x
Waaree RTL	$981M	n/a	n/a
Energiekontor	$977M	5.1x	10.9x
CW Enerji	$893M	n/a	n/a
Exmar	$888M	n/a	n/a
JANAF	$771M	n/a	n/a
Transrail Lighting	$711M	1.0x	8.8x
Star Group	$671M	n/a	n/a
Fastned	$665M	4.2x	33.9x
Next Geo	$653M	2.2x	8.3x
Oil States International	$569M	0.9x	6.9x
Allego	$543M	n/a	n/a
thyssenkrupp nucera	$500M	0.6x	42.5x
EVgo	$500M	1.4x	-42.4x
Sterling and Wilson	$486M	0.6x	14.5x
Moreld	$445M	0.5x	2.9x
Capital	$411M	1.2x	5.4x
OPAL Fuels	$399M	1.2x	4.9x
Nine Energy Service	$381M	n/a	n/a
RGC Resources	$374M	3.9x	n/a
Sinopec Kantons Holdings	$370M	n/a	n/a
Integrated Wind Solutions	$369M	3.0x	9.4x
Ventura Offshore Holding	$338M	1.4x	4.0x
Ranger Energy Services	$330M	0.6x	4.7x
7C Solarparken	$329M	n/a	n/a
ChargePoint	$308M	0.8x	-3.4x
Studsvik	$279M	2.9x	21.8x
HMS Bergbau	$265M	0.2x	10.1x
CBH Engineering Holding	$234M	3.9x	22.4x
Arq	$185M	1.5x	12.3x
NextNRG	$175M	2.1x	n/a
Onde	$151M	n/a	n/a
Naas Technology	$143M	n/a	n/a
Entech	$143M	1.6x	36.8x
PRL Global	$135M	n/a	n/a
Enersense International	$105M	0.3x	3.2x
Blink Charging	$102M	1.0x	-1.8x
EiDF SOLAR	$101M	n/a	n/a
AJ Lucas Group	$90.3M	n/a	n/a
XCHG	$63.0M	n/a	n/a
Solarium Green Energy	$48.0M	n/a	n/a
Swift Energy Technology	$31.6M	n/a	n/a
Mon Courtier Energie Gr	$10.8M	0.3x	3.4x
Mammoth Energy Services	$9.0M	n/a	n/a
Teekay	-$42.7M	n/a	n/a
Aker Carbon Capture	-$177M	n/a	n/a