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
GE Vernova	$227B	6.1x	67.5x
Reliance Industries	$216B	2.0x	10.8x
Enbridge	$197B	4.4x	13.6x
Siemens Energy	$157B	3.3x	31.0x
Energy Transfer	$134B	1.7x	8.3x
Williams Companies	$121B	10.6x	15.6x
TC Energy	$113B	10.2x	14.1x
Enterprise Products	$112B	2.2x	11.3x
Kinder Morgan	$106B	6.3x	12.7x
Sempra	$95.5B	6.6x	16.1x
Quanta Services	$90.2B	3.2x	31.9x
ONEOK	$84.9B	2.5x	10.5x
MPLX	$84.2B	6.5x	12.0x
Targa Resources	$67.9B	4.0x	13.9x
E.ON	$56.0B	0.6x	4.9x
RWE	$51.3B	2.0x	9.0x
NRG Energy	$51.0B	1.7x	12.6x
Snam	$46.9B	10.4x	13.4x
Naturgy Energy Group	$43.4B	1.8x	6.9x
China Energy Engineering	$43.3B	0.6x	8.3x
Orlen	$43.0B	0.6x	4.3x
Atmos Energy	$40.2B	8.2x	16.7x
NiSource	$38.7B	6.3x	13.4x
Pembina Pipeline	$36.6B	6.3x	11.6x
Xylem	$32.0B	3.6x	16.0x
Korea Gas	$27.1B	1.1x	9.0x
TechnipFMC	$26.8B	2.7x	14.7x
Plains All American Pipeline	$25.9B	0.5x	9.0x
Neste	$25.1B	1.1x	13.8x
Towngas	$24.9B	3.3x	15.8x
Western Midstream	$24.3B	6.3x	9.6x
Brookfield Renewable	$22.3B	3.8x	7.9x
Essential Utilities	$19.3B	8.2x	15.4x
Brookfield Infrastructure	$18.8B	n/a	n/a
COSCO SHIPPING Energy	$18.5B	5.3x	12.5x
APA Group	$17.8B	7.7x	12.0x
China Merchants Energy	$17.8B	4.5x	11.5x
Adani Energy Solutions	$17.7B	6.2x	17.8x
Quinenco	$15.7B	1544.4x	n/a
Sembcorp	$14.9B	3.0x	12.0x
ADNOC	$14.8B	1.5x	12.6x
Cosan	$14.7B	0.5x	3.6x
ACCIONA Energía	$14.2B	4.1x	7.6x
Jereh Group	$13.9B	5.9x	22.5x
Plains GP Holdings	$12.9B	0.3x	4.5x
Nakilat	$12.7B	11.7x	15.3x
Transocean	$12.5B	3.2x	9.2x
Grupo Energía Bogotá	$12.3B	5.6x	13.2x
Chuantou Energy	$12.0B	46.9x	14.0x
Frontline	$11.9B	9.5x	12.5x
Keyera	$11.6B	2.2x	14.0x
National Fuel Gas	$11.2B	4.7x	7.6x
China Oilfield Services	$11.2B	1.5x	6.4x
Siemens Energy India	$11.1B	12.2x	62.5x
Spire	$11.0B	4.3x	12.8x
Black Hills	$10.1B	4.3x	11.0x
Murphy USA	$10.0B	0.5x	10.1x
CMB.Tech	$9.8B	7.0x	12.6x
Pennon Group	$9.7B	5.9x	14.7x
Royal Vopak	$9.5B	5.9x	8.4x
New Fortress Energy	$9.5B	4.7x	119.9x
New Jersey Resources	$9.4B	4.5x	13.5x
Southwest Gas Holdings	$9.1B	2.4x	10.2x
Ormat Technologies	$9.0B	9.2x	15.5x
Northland Power	$8.9B	5.1x	9.9x
Saipem	$8.9B	0.5x	4.5x
ONE Gas	$8.8B	3.5x	11.5x
Subsea 7	$8.8B	1.2x	5.7x
Noble Corp	$8.7B	2.7x	8.0x
Grupo Ultra	$8.2B	0.3x	6.5x
China Resources Gas	$8.1B	0.6x	5.8x
Gaztransport & Technigaz	$8.0B	8.4x	12.5x
Ampol	$7.7B	0.3x	7.5x
Guangdong Investment	$7.6B	3.2x	6.0x
Kodiak Gas Services	$7.3B	5.6x	10.3x
Contact Energy	$7.3B	3.6x	13.8x
Valaris	$7.2B	3.1x	11.8x
Enagas	$7.2B	6.9x	9.0x
DCC	$7.2B	0.3x	6.2x
Motor Oil (Hellas)	$6.9B	0.5x	5.2x
Rubis	$6.4B	0.8x	7.3x
Adani Total Gas	$6.4B	11.6x	51.3x
Auren Energia	$6.3B	2.6x	9.1x
Golar LNG	$6.1B	15.5x	24.1x
Kunlun Energy	$6.0B	0.2x	2.7x
Viva Energy Australia	$5.9B	0.3x	12.0x
Yinson	$5.9B	4.7x	8.3x
Redes Energéticas Nacionais	$5.9B	4.8x	9.6x
Gibson Energy	$5.7B	0.7x	13.2x
CNOOC Energy Technology	$5.6B	0.7x	5.4x
PrairieSky Royalty	$5.5B	15.4x	16.7x
Pampa Energia	$5.3B	2.6x	5.5x
Genesis Energy	$5.3B	3.3x	9.7x
Worley	$5.2B	0.6x	7.2x
Liberty Energy	$5.1B	1.3x	9.1x
Delek Logistics	$5.1B	4.9x	10.0x
Chesapeake Utilities	$4.8B	5.4x	15.1x
Northwest Natural Holdings	$4.7B	3.5x	10.6x
Promigas	$4.6B	n/a	n/a
Transportadora de Gas del Sur	$4.6B	3.6x	7.0x
NGL Energy Partners	$4.6B	1.5x	7.1x
MyMesra	$4.4B	0.5x	8.7x
MVV Energie	$4.3B	n/a	n/a
ALDREES Petroleum	$4.3B	0.6x	13.3x
Alupar	$4.2B	n/a	n/a
Badger Meter	$4.2B	4.5x	19.3x
Jiangxi Jovo Energy Co	$4.2B	1.3x	12.5x
Tidewater	$4.2B	3.1x	7.1x
Technip Energies	$4.2B	0.5x	5.4x
Centuri Holdings	$4.1B	1.4x	16.9x
International Seaways	$4.1B	5.2x	9.0x
Petronet LNG	$4.1B	0.8x	6.9x
Woqod	$4.1B	0.5x	16.6x
Toho Gas	$4.0B	1.0x	9.0x
Paz Retail And Energy	$4.0B	n/a	n/a
Scorpio Tankers	$4.0B	4.4x	7.6x
Oceaneering	$3.9B	1.4x	9.9x
Topaz Energy	$3.9B	15.6x	15.8x
Secure Waste Infr	$3.7B	3.4x	10.2x
Cadeler	$3.7B	5.1x	7.7x
Borr Drilling	$3.7B	3.7x	7.9x
TORM	$3.6B	4.0x	6.6x
Global Partners	$3.6B	0.2x	9.5x
Equital	$3.6B	n/a	n/a
Societatea Energetica	$3.6B	n/a	n/a
DHT Holdings	$3.5B	9.3x	12.0x
Perusahaan Gas Negara	$3.4B	0.9x	3.7x
Nofar Energy	$3.3B	n/a	n/a
Arabian Drilling	$3.0B	3.2x	8.9x
Seadrill	$3.0B	2.1x	8.8x
TGS	$2.9B	1.8x	3.1x
Petrol Group	$2.9B	0.4x	7.3x
Naturgy Brasil	$2.8B	n/a	n/a
Gujarat Gas	$2.8B	1.6x	13.6x
Suburban Propane	$2.8B	1.9x	9.9x
Aegis Logistics	$2.7B	3.3x	20.0x
Nabors Industries	$2.7B	0.9x	2.9x
NMDC Energy	$2.7B	0.6x	5.8x
Longshine Technology	$2.7B	3.8x	34.8x
Nippon Gas	$2.4B	1.8x	11.6x
Excelerate Energy	$2.2B	2.0x	5.0x
Navigator Gas	$2.1B	3.9x	7.5x
COOEC	$2.1B	0.4x	3.5x
Indraprastha Gas	$2.1B	1.2x	9.2x
Bristow Group	$2.1B	1.4x	8.3x
ProFrac	$2.0B	1.1x	7.0x
Expro	$2.0B	1.2x	5.6x
Fluence Energy	$2.0B	0.8x	72.8x
Enerya Enerji	$2.0B	n/a	n/a
Dor Alon Energy	$2.0B	n/a	n/a
Dorian LPG	$2.0B	4.8x	8.3x
Select Water	$2.0B	1.4x	7.7x
Teekay Tankers	$1.9B	3.0x	6.8x
Fugro	$1.9B	0.9x	6.2x
Romande Energie	$1.8B	n/a	n/a
Wood	$1.8B	0.4x	5.3x
Nanjing Tanker	$1.8B	2.2x	5.8x
Friedrich Vorwerk Group	$1.8B	2.2x	10.6x
Atlas Energy Solutions	$1.8B	1.6x	8.4x
Polenergia	$1.8B	1.7x	12.3x
Kimbell Royalty Partners	$1.8B	5.4x	6.5x
Fluxys Belgium	$1.7B	2.4x	4.8x
National Gas	$1.7B	n/a	n/a
World Kinect	$1.7B	0.0x	4.9x
Afriquia Gaz	$1.6B	1.6x	9.4x
Helix Energy Solutions	$1.6B	1.3x	6.4x
ProPetro Holding	$1.6B	1.3x	8.6x
CrossAmerica Partners	$1.6B	0.5x	11.6x
Nordic American Tankers	$1.6B	8.2x	16.2x
Gas Malaysia	$1.6B	0.8x	9.5x
Summit Midstream	$1.5B	2.7x	6.2x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Bonheur	$1.4B	1.0x	3.5x
Paratus Energy Services	$1.4B	7.5x	5.2x
Tetra Technologies	$1.3B	2.1x	11.7x
Mahanagar Gas	$1.2B	1.4x	7.0x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
RPC Inc.	$1.1B	0.7x	4.7x
Aygaz	$1.1B	0.6x	18.0x
Indian Energy Exchange	$1.1B	16.7x	19.6x
Energiekontor	$1.1B	5.4x	11.7x
CW Enerji	$950M	n/a	n/a
Exmar	$944M	n/a	n/a
Waaree RTL	$943M	n/a	n/a
Transrail Lighting	$842M	1.2x	10.4x
Oil States International	$787M	1.2x	9.6x
JANAF	$773M	n/a	n/a
Star Group	$759M	n/a	n/a
Fastned	$742M	4.6x	37.2x
Next Geo	$679M	2.2x	8.4x
thyssenkrupp nucera	$583M	0.6x	48.6x
Allego	$547M	n/a	n/a
Sterling and Wilson	$514M	0.6x	15.4x
Capital	$495M	1.4x	6.4x
Moreld	$486M	0.5x	3.0x
EVgo	$451M	1.2x	-38.3x
Sinopec Kantons Holdings	$424M	n/a	n/a
Integrated Wind Solutions	$417M	3.2x	10.0x
Ventura Offshore Holding	$404M	1.5x	4.5x
Ranger Energy Services	$385M	0.7x	5.5x
OPAL Fuels	$384M	1.1x	4.7x
RGC Resources	$384M	4.0x	n/a
7C Solarparken	$337M	n/a	n/a
ChargePoint	$302M	0.7x	-3.4x
HMS Bergbau	$268M	0.2x	10.0x
Studsvik	$268M	2.7x	20.5x
CBH Engineering Holding	$235M	3.8x	21.5x
Teekay	$226M	n/a	n/a
Arq	$178M	1.5x	11.8x
Entech	$167M	1.8x	42.2x
Onde	$161M	n/a	n/a
PRL Global	$137M	n/a	n/a
Naas Technology	$137M	n/a	n/a
NextNRG	$114M	1.4x	n/a
AJ Lucas Group	$94.1M	n/a	n/a
EiDF SOLAR	$86.0M	n/a	n/a
Blink Charging	$78.8M	0.8x	-1.4x
Enersense International	$75.9M	0.2x	2.3x
XCHG	$67.2M	n/a	n/a
Solarium Green Energy	$40.5M	n/a	n/a
Swift Energy Technology	$30.5M	n/a	n/a
Mon Courtier Energie Gr	$10.2M	0.3x	3.2x
Mammoth Energy Services	$5.4M	n/a	n/a
Aker Carbon Capture	-$188M	n/a	n/a