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	$250B	2.2x	12.3x
Enbridge	$182B	4.3x	13.0x
GE Vernova	$144B	3.9x	44.9x
Energy Transfer	$117B	1.5x	7.3x
Enterprise Products	$104B	2.0x	10.5x
Williams Companies	$101B	8.9x	13.1x
TC Energy	$100B	9.3x	12.9x
Sempra	$93.1B	6.6x	16.0x
Kinder Morgan	$92.4B	5.6x	11.1x
Siemens Energy	$85.3B	1.9x	18.5x
MPLX	$79.4B	6.2x	11.4x
ONEOK	$76.9B	2.4x	9.7x
Quanta Services	$69.5B	2.5x	25.1x
Targa Resources	$53.9B	3.2x	11.2x
Naturgy Energy Group	$43.1B	1.9x	7.0x
NRG Energy	$42.5B	1.4x	10.6x
Snam	$42.4B	9.7x	12.5x
E.ON	$42.0B	0.4x	3.8x
China Energy Engineering	$41.7B	0.6x	8.5x
RWE	$41.3B	1.6x	7.3x
Atmos Energy	$37.4B	7.8x	15.9x
NiSource	$35.9B	5.9x	12.5x
Xylem	$35.1B	3.9x	17.7x
Orlen	$34.9B	0.5x	3.5x
Pembina Pipeline	$32.9B	6.1x	10.7x
Korea Gas	$24.9B	1.0x	8.4x
Towngas	$23.9B	3.3x	14.3x
Western Midstream	$22.7B	5.9x	9.1x
Brookfield Renewable	$21.6B	3.7x	8.0x
Plains All American Pipeline	$20.5B	0.4x	7.2x
Neste	$19.9B	0.9x	11.8x
Essential Utilities	$19.3B	8.3x	15.6x
Brookfield Infrastructure	$18.3B	n/a	n/a
TechnipFMC	$18.3B	1.9x	10.3x
Adani Energy Solutions	$17.5B	6.1x	17.6x
APA Group	$16.4B	7.9x	12.2x
Sembcorp	$14.4B	2.9x	11.5x
ADNOC	$13.9B	1.5x	12.0x
Cosan	$13.9B	0.5x	3.4x
China Merchants Energy	$13.3B	3.5x	8.9x
ACCIONA Energía	$13.2B	3.8x	7.4x
Nakilat	$12.6B	11.7x	15.1x
Grupo Energía Bogotá	$12.4B	5.7x	13.8x
Quinenco	$12.2B	1297.8x	n/a
Plains GP Holdings	$12.0B	0.3x	4.2x
Chuantou Energy	$11.9B	48.7x	14.5x
COSCO SHIPPING Energy	$11.7B	3.4x	8.1x
Spire	$10.5B	4.2x	12.3x
National Fuel Gas	$10.0B	4.3x	7.0x
Murphy USA	$9.9B	0.5x	9.9x
Keyera	$9.9B	2.0x	12.1x
Transocean	$9.7B	2.5x	7.3x
Black Hills	$9.6B	4.2x	10.7x
New Fortress Energy	$9.5B	5.7x	40.2x
Ormat Technologies	$9.3B	9.7x	16.1x
China Oilfield Services	$9.2B	1.3x	5.4x
Frontline	$8.8B	6.6x	9.1x
New Jersey Resources	$8.7B	4.2x	12.4x
Southwest Gas Holdings	$8.5B	2.2x	10.1x
Pennon Group	$8.5B	5.4x	13.9x
ONE Gas	$8.4B	3.3x	11.0x
CMB.Tech	$8.4B	6.0x	10.3x
China Resources Gas	$8.2B	0.6x	5.8x
Royal Vopak	$8.1B	5.2x	7.7x
Northland Power	$7.7B	4.6x	8.8x
Adani Total Gas	$7.7B	13.7x	60.2x
Guangdong Investment	$7.5B	3.1x	6.0x
DCC	$7.3B	0.3x	6.4x
Grupo Ultra	$7.1B	0.3x	5.7x
Ampol	$7.0B	0.3x	7.8x
Gaztransport & Technigaz	$6.9B	7.6x	11.4x
Jereh Group	$6.6B	2.9x	11.1x
Enagas	$6.5B	6.4x	8.2x
Contact Energy	$6.4B	3.3x	13.3x
Noble Corp	$6.3B	1.9x	5.8x
Auren Energia	$6.0B	2.7x	9.2x
Subsea 7	$6.0B	0.8x	4.3x
Motor Oil (Hellas)	$5.8B	0.4x	4.8x
Saipem	$5.8B	0.3x	3.1x
Pampa Energia	$5.7B	3.0x	6.6x
Rubis	$5.7B	0.7x	6.7x
Viva Energy Australia	$5.7B	0.3x	12.7x
Kodiak Gas Services	$5.5B	4.3x	7.9x
Worley	$5.3B	0.7x	8.1x
Redes Energéticas Nacionais	$5.3B	4.4x	8.9x
Yinson	$5.1B	4.0x	7.4x
Badger Meter	$5.0B	5.5x	23.3x
Golar LNG	$5.0B	12.9x	19.8x
Genesis Energy	$4.9B	2.9x	9.0x
Kunlun Energy	$4.9B	0.2x	2.2x
Chesapeake Utilities	$4.8B	5.5x	15.2x
Gibson Energy	$4.8B	0.6x	11.4x
Delek Logistics	$4.7B	4.5x	9.4x
ALDREES Petroleum	$4.7B	0.7x	14.4x
Transportadora de Gas del Sur	$4.7B	3.9x	7.3x
Naturgy Brasil	$4.7B	n/a	n/a
CNOOC Energy Technology	$4.6B	0.6x	4.6x
PrairieSky Royalty	$4.6B	13.1x	14.3x
Northwest Natural Holdings	$4.5B	3.4x	10.4x
Promigas	$4.5B	n/a	n/a
Valaris	$4.3B	1.8x	7.1x
NGL Energy Partners	$4.3B	1.4x	6.7x
MyMesra	$4.2B	0.5x	8.7x
MVV Energie	$3.9B	n/a	n/a
Alupar	$3.9B	n/a	n/a
Woqod	$3.7B	n/a	n/a
Paz Retail And Energy	$3.7B	n/a	n/a
Petronet LNG	$3.6B	0.6x	5.8x
Secure Waste Infr	$3.5B	3.4x	10.0x
Equital	$3.5B	n/a	n/a
Global Partners	$3.5B	0.2x	9.1x
Technip Energies	$3.5B	0.4x	4.6x
Scorpio Tankers	$3.4B	3.6x	6.1x
Topaz Energy	$3.4B	14.1x	14.3x
Toho Gas	$3.4B	0.8x	7.6x
Liberty Energy	$3.3B	0.8x	5.4x
International Seaways	$3.1B	3.8x	6.6x
Jiangxi Jovo Energy Co	$3.0B	1.0x	9.5x
Centuri Holdings	$3.0B	1.1x	12.4x
Aegis Logistics	$3.0B	3.5x	21.4x
Arabian Drilling	$2.9B	3.2x	8.6x
TORM	$2.9B	3.1x	4.9x
Societatea Energetica	$2.9B	1.2x	6.9x
Tidewater	$2.9B	2.2x	4.9x
Gujarat Gas	$2.8B	1.5x	13.3x
Oceaneering	$2.8B	1.0x	7.1x
Cadeler	$2.8B	4.3x	6.8x
Borr Drilling	$2.7B	2.7x	5.7x
Indraprastha Gas	$2.7B	1.5x	11.4x
Nabors Industries	$2.6B	0.8x	2.8x
Petrol Group	$2.6B	n/a	n/a
Suburban Propane	$2.6B	1.8x	9.2x
NMDC Energy	$2.5B	n/a	n/a
Perusahaan Gas Negara	$2.4B	0.6x	2.7x
DHT Holdings	$2.4B	6.4x	8.3x
TGS	$2.4B	1.6x	2.6x
Longshine Technology	$2.4B	3.4x	32.3x
Nippon Gas	$2.3B	1.8x	11.4x
Enerya Enerji	$2.3B	n/a	n/a
Nofar Energy	$2.1B	n/a	n/a
Seadrill	$2.1B	1.5x	6.2x
Fluence Energy	$2.0B	0.7x	116.9x
Navigator Gas	$2.0B	3.5x	6.8x
Friedrich Vorwerk Group	$1.9B	2.5x	12.4x
Polenergia	$1.9B	1.9x	12.1x
Wood	$1.8B	0.3x	4.3x
Excelerate Energy	$1.8B	1.7x	4.2x
Bristow Group	$1.7B	1.2x	7.0x
ProFrac	$1.7B	0.9x	5.5x
Dor Alon Energy	$1.7B	n/a	n/a
Romande Energie	$1.7B	1.6x	10.5x
World Kinect	$1.7B	0.0x	4.7x
Kimbell Royalty Partners	$1.7B	5.1x	6.1x
National Gas	$1.6B	n/a	n/a
CrossAmerica Partners	$1.6B	0.4x	11.7x
Afriquia Gaz	$1.6B	1.5x	9.3x
Shelf Drilling	$1.6B	1.7x	4.5x
Expro	$1.6B	0.9x	4.4x
Nanjing Tanker	$1.6B	2.0x	5.0x
Atlas Energy Solutions	$1.6B	1.4x	6.9x
Fluxys Belgium	$1.5B	2.2x	4.4x
Fugro	$1.5B	0.7x	4.6x
Dorian LPG	$1.5B	3.7x	6.4x
Summit Midstream	$1.5B	n/a	n/a
Vivo Energy Mauritius	$1.4B	n/a	n/a
Teekay Tankers	$1.4B	2.1x	4.7x
Select Water	$1.3B	1.0x	5.3x
Gas Malaysia	$1.3B	0.7x	8.6x
Ahlatcı Doğal Gaz	$1.3B	n/a	n/a
Paratus Energy Services	$1.3B	5.4x	5.5x
Waaree RTL	$1.3B	n/a	n/a
Indian Energy Exchange	$1.3B	18.9x	22.2x
Helix Energy Solutions	$1.2B	1.0x	4.7x
Mahanagar Gas	$1.2B	1.4x	7.1x
COOEC	$1.2B	0.3x	2.2x
Nordic American Tankers	$1.2B	5.6x	10.4x
Bonheur	$1.2B	0.9x	3.2x
Tetra Technologies	$1.1B	1.8x	10.3x
ProPetro Holding	$1.1B	0.9x	5.6x
RPC Inc.	$1.1B	0.7x	4.4x
Aygaz	$1.1B	n/a	n/a
Transrail Lighting	$1.0B	1.5x	12.3x
Exmar	$952M	n/a	n/a
Energiekontor	$922M	4.9x	10.4x
CW Enerji	$803M	n/a	n/a
JANAF	$772M	n/a	n/a
Star Group	$663M	n/a	n/a
Fastned	$626M	4.2x	33.6x
Sterling and Wilson	$601M	0.7x	18.0x
Next Geo	$574M	2.0x	7.5x
Allego	$534M	n/a	n/a
Shelf Drilling (North Sea	$480M	3.1x	-232.6x
EVgo	$475M	1.3x	-42.9x
thyssenkrupp nucera	$453M	0.5x	37.4x
Moreld	$450M	0.5x	3.1x
Oil States International	$425M	0.6x	5.2x
OPAL Fuels	$389M	1.1x	4.7x
Nine Energy Service	$379M	0.7x	8.1x
RGC Resources	$370M	3.8x	n/a
Capital	$359M	1.0x	4.6x
Ventura Offshore Holding	$349M	1.4x	4.1x
Sinopec Kantons Holdings	$346M	4.0x	2.3x
7C Solarparken	$333M	4.5x	6.2x
ChargePoint	$312M	0.8x	-3.3x
Integrated Wind Solutions	$296M	2.5x	8.9x
HMS Bergbau	$293M	0.2x	11.4x
Ranger Energy Services	$284M	0.5x	4.0x
Studsvik	$241M	2.6x	20.4x
Arq	$177M	1.5x	12.4x
NextNRG	$166M	2.2x	n/a
CBH Engineering Holding	$150M	2.6x	13.4x
Naas Technology	$148M	n/a	n/a
PRL Global	$139M	n/a	n/a
Onde	$138M	n/a	n/a
Entech	$134M	1.6x	37.7x
Blink Charging	$134M	1.2x	-2.4x
EiDF SOLAR	$118M	n/a	n/a
Enersense International	$113M	0.3x	3.7x
AJ Lucas Group	$86.7M	n/a	n/a
Solarium Green Energy	$65.7M	n/a	n/a
XCHG	$56.5M	n/a	n/a
Swift Energy Technology	$36.0M	1.5x	n/a
Mon Courtier Energie Gr	$13.1M	0.4x	4.6x
Teekay	-$6.0M	n/a	n/a
Mammoth Energy Services	-$20.4M	-0.1x	n/a
Aker Carbon Capture	-$175M	-303.7x	23.3x
Esso	-$849M	n/a	n/a