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	$237B	2.1x	11.7x
Enbridge	$180B	4.6x	12.8x
GE Vernova	$149B	4.0x	47.8x
Energy Transfer	$119B	1.4x	7.5x
Williams Companies	$99.7B	8.7x	13.1x
Sempra	$99.4B	7.1x	16.9x
Enterprise Products	$98.9B	1.9x	9.9x
TC Energy	$96.9B	8.8x	12.4x
Kinder Morgan	$93.7B	5.7x	11.3x
Siemens Energy	$82.1B	1.8x	18.7x
ONEOK	$76.2B	2.4x	9.7x
MPLX	$71.9B	5.8x	10.3x
Quanta Services	$66.0B	2.5x	24.3x
Targa Resources	$50.0B	2.6x	10.7x
China Energy Engineering	$46.9B	0.7x	10.0x
E.ON	$45.3B	0.5x	4.1x
Naturgy Energy Group	$43.6B	1.8x	7.0x
NRG Energy	$42.6B	1.4x	10.7x
Snam	$41.4B	9.4x	12.2x
RWE	$38.8B	1.5x	6.8x
Atmos Energy	$36.7B	7.5x	15.7x
Xylem	$36.5B	4.1x	19.2x
NiSource	$36.2B	6.0x	12.9x
Pembina Pipeline	$33.0B	5.9x	10.7x
Orlen	$33.0B	0.4x	3.3x
Korea Gas	$26.0B	1.0x	8.4x
Towngas	$24.1B	3.3x	14.4x
Western Midstream	$22.8B	6.0x	9.3x
Brookfield Renewable	$20.9B	3.6x	8.8x
Neste	$20.8B	0.9x	12.8x
Plains All American Pipeline	$20.0B	0.4x	7.1x
Essential Utilities	$19.5B	8.4x	15.6x
Brookfield Infrastructure	$17.3B	n/a	n/a
Adani Energy Solutions	$17.0B	5.8x	17.5x
APA Group	$16.4B	7.8x	12.2x
TechnipFMC	$16.1B	1.6x	9.3x
Sembcorp	$15.0B	3.1x	11.4x
ACCIONA Energía	$15.0B	4.3x	8.3x
ADNOC	$13.6B	1.4x	12.2x
COSCO SHIPPING Energy	$13.1B	3.8x	9.3x
China Merchants Energy	$12.7B	3.4x	8.8x
Chuantou Energy	$12.3B	50.1x	16.0x
Plains GP Holdings	$11.9B	0.2x	4.2x
Grupo Energía Bogotá	$11.9B	5.6x	13.9x
Nakilat	$11.8B	11.2x	14.3x
Quinenco	$11.5B	1269.4x	n/a
Cosan	$11.3B	0.4x	2.8x
Spire	$10.3B	4.0x	12.2x
Southwest Gas Holdings	$10.2B	2.7x	11.9x
National Fuel Gas	$10.1B	4.2x	7.1x
Transocean	$9.9B	2.6x	7.7x
Keyera	$9.8B	2.0x	11.6x
Murphy USA	$9.8B	0.5x	9.9x
New Fortress Energy	$9.4B	5.6x	31.0x
Parkland	$9.3B	0.5x	7.1x
Northland Power	$9.2B	5.5x	10.3x
China Oilfield Services	$9.2B	1.3x	5.4x
Black Hills	$9.1B	4.0x	10.2x
Ormat Technologies	$9.0B	9.5x	15.7x
Pennon Group	$8.9B	5.6x	14.5x
Royal Vopak	$8.5B	5.0x	7.7x
Frontline	$8.4B	6.2x	8.9x
CMB.Tech	$8.2B	5.6x	10.3x
China Resources Gas	$8.2B	0.6x	5.9x
New Jersey Resources	$8.2B	4.1x	11.2x
ONE Gas	$8.2B	3.3x	10.9x
DCC	$8.0B	0.3x	6.7x
Adani Total Gas	$8.0B	12.0x	51.4x
Guangdong Investment	$7.3B	3.0x	5.9x
Ampol	$7.1B	0.3x	8.1x
Grupo Ultra	$6.8B	0.3x	5.6x
Jereh Group	$6.6B	2.9x	11.0x
Gaztransport & Technigaz	$6.6B	7.4x	11.2x
Noble Corp	$6.5B	2.0x	6.0x
Contact Energy	$6.4B	3.3x	13.4x
Enagas	$6.4B	6.3x	8.0x
Subsea 7	$6.4B	0.9x	4.7x
Saipem	$6.0B	0.3x	3.2x
Auren Energia	$5.9B	2.7x	9.1x
Worley	$5.7B	0.7x	8.6x
Rubis	$5.7B	0.7x	6.7x
Kodiak Gas Services	$5.7B	4.4x	8.1x
Viva Energy Australia	$5.5B	0.3x	12.3x
Motor Oil (Hellas)	$5.5B	0.4x	4.9x
Badger Meter	$5.2B	5.7x	24.2x
Redes Energéticas Nacionais	$5.2B	4.3x	8.7x
Golar LNG	$5.1B	13.6x	20.1x
Genesis Energy	$5.0B	2.8x	9.1x
Yinson	$5.0B	4.3x	8.1x
ALDREES Petroleum	$5.0B	0.8x	15.6x
Kunlun Energy	$5.0B	0.2x	2.2x
CNOOC Energy Technology	$4.9B	0.6x	4.9x
Alupar	$4.8B	n/a	n/a
Gibson Energy	$4.8B	0.6x	11.1x
Valaris	$4.7B	2.0x	8.3x
Delek Logistics	$4.6B	4.7x	9.5x
Chesapeake Utilities	$4.6B	5.4x	14.8x
Naturgy Brasil	$4.6B	n/a	n/a
Promigas	$4.4B	n/a	n/a
MyMesra	$4.4B	0.5x	9.4x
PrairieSky Royalty	$4.4B	12.5x	13.7x
Pampa Energia	$4.4B	2.5x	5.4x
Northwest Natural Holdings	$4.3B	3.3x	10.3x
Technip Energies	$4.2B	0.5x	5.5x
Petronet LNG	$3.9B	0.7x	6.2x
MVV Energie	$3.8B	n/a	n/a
NGL Energy Partners	$3.8B	1.2x	6.1x
Woqod	$3.7B	n/a	n/a
Transportadora de Gas del Sur	$3.6B	3.2x	6.0x
Global Partners	$3.5B	0.2x	8.8x
Secure Waste Infr	$3.5B	3.4x	10.0x
Paz Retail And Energy	$3.5B	n/a	n/a
Toho Gas	$3.5B	0.8x	7.7x
Aegis Logistics	$3.4B	4.2x	24.6x
Equital	$3.4B	n/a	n/a
Scorpio Tankers	$3.3B	3.4x	5.4x
Liberty Energy	$3.2B	0.8x	5.1x
Jiangxi Jovo Energy Co	$3.2B	1.0x	10.0x
Topaz Energy	$3.1B	12.7x	13.2x
Gujarat Gas	$3.1B	1.6x	13.9x
Cadeler	$3.0B	4.9x	7.9x
Indraprastha Gas	$3.0B	1.7x	12.3x
Nabors Industries	$3.0B	0.9x	3.3x
Societatea Energetica	$2.9B	1.2x	6.9x
Borr Drilling	$2.8B	2.9x	5.9x
Centuri Holdings	$2.8B	1.0x	11.2x
Tidewater	$2.8B	2.1x	4.9x
TORM	$2.8B	2.9x	4.6x
Petrol Group	$2.7B	n/a	n/a
International Seaways	$2.7B	3.3x	5.8x
Longshine Technology	$2.6B	3.8x	38.9x
Suburban Propane	$2.6B	1.8x	9.2x
Arabian Drilling	$2.5B	2.7x	7.1x
TGS	$2.4B	1.6x	2.8x
Oceaneering	$2.4B	0.9x	6.0x
NMDC Energy	$2.3B	n/a	n/a
Perusahaan Gas Negara	$2.3B	0.6x	2.6x
Friedrich Vorwerk Group	$2.3B	3.1x	16.0x
Nofar Energy	$2.2B	n/a	n/a
Seadrill	$2.2B	1.6x	6.5x
Nippon Gas	$2.2B	1.7x	10.7x
DHT Holdings	$2.2B	5.8x	7.8x
Fluence Energy	$2.1B	0.8x	163.5x
ProFrac	$2.0B	1.0x	6.0x
Bristow Group	$1.9B	1.3x	7.7x
Enerya Enerji	$1.9B	n/a	n/a
Polenergia	$1.9B	1.7x	11.9x
World Kinect	$1.8B	0.0x	5.2x
Navigator Gas	$1.8B	3.3x	6.3x
Excelerate Energy	$1.8B	1.9x	4.4x
Atlas Energy Solutions	$1.8B	1.6x	7.0x
Fugro	$1.7B	0.7x	4.6x
Kimbell Royalty Partners	$1.7B	5.1x	6.1x
CrossAmerica Partners	$1.6B	0.5x	11.6x
Fluxys Belgium	$1.6B	2.3x	4.6x
Dor Alon Energy	$1.6B	n/a	n/a
National Gas	$1.6B	n/a	n/a
Romande Energie	$1.6B	1.6x	10.2x
Afriquia Gaz	$1.6B	1.6x	9.3x
Dorian LPG	$1.6B	4.0x	7.0x
Nanjing Tanker	$1.6B	2.0x	5.0x
Shelf Drilling	$1.6B	1.7x	4.5x
Expro	$1.6B	0.9x	4.5x
Select Water	$1.5B	1.1x	5.9x
Vivo Energy Mauritius	$1.5B	n/a	n/a
Ahlatcı Doğal Gaz	$1.4B	n/a	n/a
Waaree RTL	$1.4B	n/a	n/a
Summit Midstream	$1.4B	n/a	n/a
Wood	$1.4B	0.2x	3.0x
Teekay Tankers	$1.4B	2.1x	4.3x
Indian Energy Exchange	$1.4B	20.4x	24.2x
Gas Malaysia	$1.4B	0.7x	8.7x
Mahanagar Gas	$1.3B	1.6x	7.4x
Helix Energy Solutions	$1.3B	1.0x	5.3x
Paratus Energy Services	$1.3B	5.4x	5.5x
COOEC	$1.3B	0.3x	2.3x
Tetra Technologies	$1.2B	2.0x	11.4x
Bonheur	$1.2B	1.0x	3.6x
Transrail Lighting	$1.2B	1.7x	13.8x
Nordic American Tankers	$1.1B	5.2x	9.6x
Energiekontor	$1.0B	5.6x	11.6x
RPC Inc.	$971M	0.6x	4.3x
Exmar	$946M	n/a	n/a
Aygaz	$938M	n/a	n/a
JANAF	$884M	n/a	n/a
Petrofac	$777M	0.2x	3.2x
ProPetro Holding	$743M	0.6x	3.6x
CW Enerji	$717M	n/a	n/a
Fastned	$666M	4.5x	36.9x
Star Group	$664M	n/a	n/a
thyssenkrupp nucera	$658M	0.7x	55.0x
Next Geo	$625M	2.2x	8.2x
Sterling and Wilson	$605M	0.8x	18.4x
EVgo	$586M	1.7x	-59.8x
Allego	$537M	n/a	n/a
Oil States International	$488M	0.7x	5.8x
Shelf Drilling (North Sea	$487M	3.1x	-232.6x
Moreld	$477M	0.5x	4.3x
ChargePoint	$382M	1.0x	-3.9x
OPAL Fuels	$381M	1.1x	4.5x
Nine Energy Service	$379M	0.7x	8.1x
Ventura Offshore Holding	$371M	1.6x	4.5x
RGC Resources	$362M	3.7x	11.8x
Capital	$352M	1.0x	4.5x
7C Solarparken	$332M	4.4x	6.1x
Arq	$324M	2.7x	21.9x
Sinopec Kantons Holdings	$324M	3.8x	2.1x
Integrated Wind Solutions	$297M	2.6x	9.3x
Ranger Energy Services	$281M	0.5x	4.0x
HMS Bergbau	$278M	0.2x	10.8x
NextNRG	$265M	3.8x	n/a
Studsvik	$238M	2.4x	20.7x
CBH Engineering Holding	$203M	3.0x	16.1x
Blink Charging	$189M	1.7x	-3.3x
PRL Global	$148M	n/a	n/a
Onde	$148M	n/a	n/a
EiDF SOLAR	$146M	n/a	n/a
Entech	$134M	1.6x	41.6x
Naas Technology	$116M	n/a	n/a
Enersense International	$106M	0.3x	3.6x
XCHG	$96.9M	n/a	n/a
AJ Lucas Group	$86.0M	n/a	n/a
Solarium Green Energy	$75.7M	n/a	n/a
Swift Energy Technology	$42.5M	1.9x	n/a
Mon Courtier Energie Gr	$15.2M	0.5x	5.7x
Mammoth Energy Services	-$17.4M	-0.1x	n/a
Esso	-$75.6M	n/a	n/a
Teekay	-$103M	n/a	n/a
Aker Carbon Capture	-$178M	-303.7x	23.3x