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	$236B	2.1x	11.6x
Enbridge	$179B	4.1x	12.5x
GE Vernova	$162B	4.3x	48.0x
Energy Transfer	$119B	1.5x	7.4x
Siemens Energy	$118B	2.5x	23.7x
Enterprise Products	$103B	2.0x	10.4x
Williams Companies	$102B	8.9x	13.1x
TC Energy	$101B	9.2x	12.8x
Kinder Morgan	$92.7B	5.5x	11.1x
Sempra	$90.7B	6.3x	15.3x
MPLX	$78.3B	6.0x	11.1x
ONEOK	$78.3B	2.3x	9.7x
Quanta Services	$68.4B	2.4x	24.2x
Targa Resources	$55.3B	3.3x	11.3x
E.ON	$46.6B	0.5x	4.1x
RWE	$45.2B	1.7x	8.0x
Snam	$43.6B	9.8x	12.6x
Naturgy Energy Group	$42.7B	1.8x	6.9x
China Energy Engineering	$42.6B	0.6x	8.2x
NRG Energy	$40.6B	1.4x	10.0x
Atmos Energy	$36.1B	7.4x	15.0x
NiSource	$35.6B	5.8x	12.3x
Xylem	$34.9B	3.9x	17.5x
Orlen	$34.8B	0.5x	3.5x
Pembina Pipeline	$32.4B	5.7x	10.4x
Korea Gas	$26.7B	1.1x	8.9x
Towngas	$23.7B	3.2x	15.0x
Western Midstream	$23.6B	6.1x	9.4x
Neste	$23.0B	1.0x	12.8x
Plains All American Pipeline	$21.6B	0.4x	7.5x
Brookfield Renewable	$21.0B	3.6x	7.6x
TechnipFMC	$20.7B	2.1x	11.4x
Essential Utilities	$18.8B	8.0x	15.0x
Brookfield Infrastructure	$18.2B	n/a	n/a
Adani Energy Solutions	$17.1B	5.9x	17.0x
APA Group	$16.6B	7.6x	11.9x
Quinenco	$15.6B	1596.1x	n/a
China Merchants Energy	$14.7B	3.8x	9.7x
Sembcorp	$14.5B	3.0x	11.9x
ACCIONA Energía	$14.3B	4.2x	7.8x
ADNOC	$14.3B	1.5x	12.2x
Cosan	$13.3B	0.5x	3.4x
Grupo Energía Bogotá	$12.5B	5.7x	13.6x
Plains GP Holdings	$12.4B	0.3x	4.4x
Nakilat	$12.1B	11.6x	15.1x
COSCO SHIPPING Energy	$12.0B	3.4x	8.1x
Chuantou Energy	$11.9B	47.5x	14.1x
Murphy USA	$10.7B	0.5x	10.8x
Jereh Group	$10.4B	4.5x	17.2x
Spire	$10.3B	4.0x	12.0x
National Fuel Gas	$10.2B	4.3x	7.0x
Transocean	$10.1B	2.6x	7.4x
Black Hills	$9.7B	4.2x	10.6x
Ormat Technologies	$9.7B	10.0x	16.7x
Keyera	$9.6B	1.9x	11.8x
New Fortress Energy	$9.5B	4.7x	120.2x
Pennon Group	$9.4B	5.7x	14.2x
China Oilfield Services	$9.4B	1.3x	5.5x
Siemens Energy India	$9.1B	9.9x	50.9x
CMB.Tech	$8.8B	6.4x	11.5x
Frontline	$8.6B	6.9x	9.0x
Southwest Gas Holdings	$8.6B	2.3x	9.6x
Royal Vopak	$8.5B	4.9x	7.5x
New Jersey Resources	$8.4B	4.1x	12.1x
China Resources Gas	$8.4B	0.6x	6.0x
Northland Power	$8.0B	4.7x	9.1x
ONE Gas	$8.0B	3.1x	10.4x
Ampol	$7.2B	0.3x	7.5x
Guangdong Investment	$7.1B	3.0x	5.6x
Adani Total Gas	$7.0B	12.5x	55.2x
Grupo Ultra	$6.9B	0.3x	5.7x
Gaztransport & Technigaz	$6.9B	7.3x	10.8x
Subsea 7	$6.7B	0.9x	4.6x
Saipem	$6.6B	0.4x	3.3x
Enagas	$6.5B	6.3x	8.3x
Contact Energy	$6.4B	3.3x	12.6x
Noble Corp	$6.3B	2.0x	5.8x
DCC	$6.3B	0.3x	5.5x
Viva Energy Australia	$6.0B	0.3x	12.8x
Auren Energia	$6.0B	2.6x	9.0x
Motor Oil (Hellas)	$5.9B	0.4x	4.5x
Rubis	$5.9B	0.8x	6.8x
Kodiak Gas Services	$5.8B	4.4x	8.1x
Yinson	$5.6B	4.7x	8.3x
Worley	$5.5B	0.7x	8.0x
Pampa Energia	$5.5B	2.9x	6.0x
Redes Energéticas Nacionais	$5.4B	4.5x	9.0x
Golar LNG	$5.3B	13.4x	20.9x
Genesis Energy	$5.0B	3.2x	9.3x
Kunlun Energy	$5.0B	0.2x	2.2x
Badger Meter	$4.9B	5.3x	22.6x
CNOOC Energy Technology	$4.9B	0.6x	4.8x
Gibson Energy	$4.9B	0.6x	11.5x
Delek Logistics	$4.8B	4.7x	9.6x
Transportadora de Gas del Sur	$4.7B	3.9x	7.5x
PrairieSky Royalty	$4.6B	13.2x	14.3x
Promigas	$4.5B	n/a	n/a
Chesapeake Utilities	$4.5B	5.1x	14.1x
Jiangxi Jovo Energy Co	$4.5B	1.4x	13.6x
Northwest Natural Holdings	$4.4B	3.3x	10.0x
ALDREES Petroleum	$4.4B	0.6x	13.3x
NGL Energy Partners	$4.2B	1.4x	6.5x
Valaris	$4.2B	1.8x	6.8x
MyMesra	$4.0B	0.4x	8.2x
Paz Retail And Energy	$4.0B	n/a	n/a
Liberty Energy	$3.8B	1.0x	6.7x
Alupar	$3.8B	n/a	n/a
Petronet LNG	$3.7B	0.7x	6.1x
Woqod	$3.7B	0.5x	15.7x
MVV Energie	$3.7B	n/a	n/a
Centuri Holdings	$3.7B	1.3x	15.1x
Equital	$3.6B	n/a	n/a
Global Partners	$3.5B	0.2x	9.1x
Technip Energies	$3.5B	0.4x	4.6x
Toho Gas	$3.4B	0.9x	7.7x
Societatea Energetica	$3.4B	n/a	n/a
Topaz Energy	$3.4B	13.8x	14.0x
Secure Waste Infr	$3.4B	3.1x	9.3x
Cadeler	$3.2B	4.6x	7.0x
Borr Drilling	$3.1B	3.1x	6.8x
International Seaways	$3.1B	3.9x	6.8x
Naturgy Brasil	$3.1B	n/a	n/a
Arabian Drilling	$3.1B	3.3x	9.1x
Scorpio Tankers	$3.1B	3.4x	5.8x
Oceaneering	$3.1B	1.1x	7.7x
Tidewater	$3.0B	2.3x	5.1x
Nofar Energy	$3.0B	n/a	n/a
Gujarat Gas	$3.0B	1.7x	14.3x
TORM	$3.0B	3.3x	5.4x
Nabors Industries	$2.9B	0.9x	3.1x
Aegis Logistics	$2.8B	3.3x	20.4x
Perusahaan Gas Negara	$2.8B	0.7x	3.1x
Fluence Energy	$2.7B	1.1x	100.2x
Petrol Group	$2.7B	0.4x	6.9x
Suburban Propane	$2.6B	1.8x	9.1x
TGS	$2.5B	1.7x	2.8x
NMDC Energy	$2.5B	0.6x	5.4x
Seadrill	$2.4B	1.7x	7.3x
Longshine Technology	$2.4B	3.5x	32.3x
Indraprastha Gas	$2.4B	1.3x	10.4x
DHT Holdings	$2.3B	6.3x	8.1x
Nippon Gas	$2.2B	1.7x	10.9x
Navigator Gas	$1.9B	3.6x	6.8x
Excelerate Energy	$1.9B	1.7x	4.4x
Enerya Enerji	$1.9B	n/a	n/a
ProFrac	$1.9B	1.0x	6.5x
Friedrich Vorwerk Group	$1.9B	2.4x	11.2x
Polenergia	$1.8B	1.7x	12.8x
Dor Alon Energy	$1.8B	n/a	n/a
Bristow Group	$1.8B	1.2x	7.4x
Atlas Energy Solutions	$1.8B	1.7x	8.6x
World Kinect	$1.8B	0.0x	5.3x
Wood	$1.8B	0.4x	5.3x
National Gas	$1.8B	n/a	n/a
Fugro	$1.7B	0.8x	5.6x
Romande Energie	$1.7B	n/a	n/a
Expro	$1.6B	1.0x	4.6x
CrossAmerica Partners	$1.6B	0.5x	11.8x
Fluxys Belgium	$1.6B	2.2x	4.5x
Dorian LPG	$1.6B	3.8x	6.5x
Nanjing Tanker	$1.6B	1.9x	5.1x
Afriquia Gaz	$1.6B	1.5x	9.3x
Kimbell Royalty Partners	$1.5B	4.7x	5.6x
COOEC	$1.5B	0.3x	2.5x
Select Water	$1.5B	1.1x	5.9x
Summit Midstream	$1.5B	2.6x	6.0x
Tetra Technologies	$1.5B	2.3x	13.1x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Gas Malaysia	$1.4B	0.7x	8.7x
Helix Energy Solutions	$1.3B	1.1x	5.2x
Paratus Energy Services	$1.3B	5.9x	5.5x
Bonheur	$1.3B	1.1x	3.6x
Teekay Tankers	$1.3B	2.0x	4.5x
RPC Inc.	$1.2B	0.8x	5.0x
Indian Energy Exchange	$1.2B	18.3x	21.5x
Nordic American Tankers	$1.2B	6.2x	12.3x
ProPetro Holding	$1.1B	0.9x	5.9x
Mahanagar Gas	$1.0B	1.2x	6.0x
Waaree RTL	$1.0B	n/a	n/a
Ahlatcı Doğal Gaz	$1.0B	n/a	n/a
Energiekontor	$1.0B	5.2x	11.2x
Aygaz	$980M	0.5x	15.1x
Exmar	$891M	n/a	n/a
CW Enerji	$832M	n/a	n/a
JANAF	$817M	n/a	n/a
Transrail Lighting	$779M	1.1x	9.5x
Star Group	$665M	n/a	n/a
Fastned	$664M	4.2x	33.7x
Next Geo	$620M	2.1x	7.8x
thyssenkrupp nucera	$551M	0.6x	46.5x
Allego	$541M	n/a	n/a
Oil States International	$540M	0.8x	6.6x
Sterling and Wilson	$516M	0.6x	15.3x
EVgo	$494M	1.4x	-41.9x
Moreld	$437M	0.5x	2.8x
Capital	$407M	1.2x	5.3x
Sinopec Kantons Holdings	$400M	n/a	n/a
OPAL Fuels	$398M	1.2x	4.8x
Nine Energy Service	$379M	n/a	n/a
Integrated Wind Solutions	$370M	3.0x	9.4x
RGC Resources	$361M	3.7x	n/a
7C Solarparken	$328M	n/a	n/a
ChargePoint	$316M	0.8x	-3.5x
Ventura Offshore Holding	$316M	1.3x	3.8x
Ranger Energy Services	$315M	0.6x	4.5x
HMS Bergbau	$268M	0.2x	10.1x
Studsvik	$267M	2.7x	20.8x
CBH Engineering Holding	$244M	4.1x	23.5x
NextNRG	$186M	2.3x	n/a
Arq	$182M	1.5x	12.1x
Onde	$143M	n/a	n/a
Naas Technology	$142M	n/a	n/a
Entech	$140M	1.5x	35.9x
PRL Global	$127M	n/a	n/a
Enersense International	$110M	0.3x	3.4x
EiDF SOLAR	$106M	n/a	n/a
Blink Charging	$90.8M	0.9x	-1.6x
AJ Lucas Group	$89.9M	n/a	n/a
XCHG	$56.5M	n/a	n/a
Solarium Green Energy	$55.4M	n/a	n/a
Swift Energy Technology	$33.8M	n/a	n/a
Mon Courtier Energie Gr	$13.3M	0.4x	4.2x
Mammoth Energy Services	-$4.5M	n/a	n/a
Teekay	-$60.6M	n/a	n/a
Aker Carbon Capture	-$178M	n/a	n/a