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	$219B	2.0x	11.0x
Enbridge	$185B	4.2x	12.8x
GE Vernova	$171B	4.6x	50.9x
Siemens Energy	$136B	2.9x	26.8x
Energy Transfer	$122B	1.5x	7.6x
Williams Companies	$107B	9.4x	13.9x
Enterprise Products	$105B	2.0x	10.7x
TC Energy	$104B	9.4x	13.0x
Kinder Morgan	$97.7B	5.8x	11.7x
Sempra	$88.8B	6.1x	15.0x
ONEOK	$81.6B	2.4x	10.1x
MPLX	$80.5B	6.2x	11.5x
Quanta Services	$75.3B	2.7x	26.6x
Targa Resources	$58.4B	3.5x	12.0x
RWE	$48.8B	1.9x	8.5x
E.ON	$47.6B	0.5x	4.2x
Naturgy Energy Group	$43.6B	1.8x	6.9x
Snam	$43.4B	9.6x	12.4x
China Energy Engineering	$43.4B	0.6x	8.3x
NRG Energy	$40.6B	1.4x	10.1x
Orlen	$37.5B	0.5x	3.7x
NiSource	$36.2B	5.9x	12.5x
Atmos Energy	$35.8B	7.3x	14.9x
Xylem	$35.3B	3.9x	17.7x
Pembina Pipeline	$34.5B	6.0x	11.0x
Korea Gas	$26.9B	1.1x	9.0x
Towngas	$24.1B	3.2x	15.3x
Neste	$24.1B	1.1x	13.2x
Western Midstream	$23.4B	6.1x	9.3x
TechnipFMC	$22.4B	2.3x	12.3x
Plains All American Pipeline	$22.0B	0.5x	7.7x
Brookfield Renewable	$21.4B	3.7x	7.6x
Essential Utilities	$19.0B	8.1x	15.2x
Brookfield Infrastructure	$18.5B	n/a	n/a
APA Group	$17.3B	7.7x	12.0x
Quinenco	$16.0B	1591.8x	n/a
China Merchants Energy	$15.9B	4.1x	10.4x
Adani Energy Solutions	$14.9B	5.2x	15.1x
ADNOC	$14.7B	1.5x	12.6x
Sembcorp	$14.6B	3.0x	11.9x
ACCIONA Energía	$14.0B	4.0x	7.5x
Cosan	$13.9B	0.5x	3.5x
COSCO SHIPPING Energy	$13.4B	3.8x	9.1x
Grupo Energía Bogotá	$13.2B	5.9x	13.9x
Plains GP Holdings	$12.5B	0.3x	4.4x
Nakilat	$12.2B	11.3x	14.8x
Chuantou Energy	$12.0B	47.4x	14.1x
Jereh Group	$11.9B	5.1x	19.5x
Murphy USA	$10.8B	0.6x	10.9x
Transocean	$10.7B	2.7x	7.9x
National Fuel Gas	$10.5B	4.5x	7.2x
Spire	$10.3B	4.1x	12.0x
Ormat Technologies	$10.2B	10.5x	17.6x
Keyera	$10.2B	2.0x	12.3x
China Oilfield Services	$10.0B	1.4x	5.8x
Black Hills	$9.8B	4.2x	10.6x
New Fortress Energy	$9.7B	4.7x	122.2x
Pennon Group	$9.5B	5.7x	14.2x
CMB.Tech	$9.0B	6.4x	11.5x
Frontline	$8.8B	7.1x	9.3x
Southwest Gas Holdings	$8.7B	2.3x	9.8x
Royal Vopak	$8.7B	5.0x	7.7x
New Jersey Resources	$8.6B	4.1x	12.3x
Northland Power	$8.3B	4.8x	9.4x
China Resources Gas	$8.3B	0.6x	5.9x
ONE Gas	$8.0B	3.1x	10.4x
Siemens Energy India	$7.9B	8.7x	44.9x
Grupo Ultra	$7.7B	0.3x	6.2x
Subsea 7	$7.7B	1.0x	5.2x
Saipem	$7.5B	0.4x	3.8x
Gaztransport & Technigaz	$7.4B	7.8x	11.6x
Ampol	$7.4B	0.3x	7.5x
Guangdong Investment	$7.1B	3.0x	5.7x
Noble Corp	$6.9B	2.1x	6.2x
Contact Energy	$6.6B	3.3x	12.6x
DCC	$6.6B	0.3x	5.6x
Enagas	$6.5B	6.3x	8.2x
Motor Oil (Hellas)	$6.5B	0.5x	4.8x
Adani Total Gas	$6.4B	11.7x	51.4x
Viva Energy Australia	$6.2B	0.3x	12.8x
Auren Energia	$6.1B	2.6x	9.1x
Kodiak Gas Services	$6.1B	4.7x	8.6x
Rubis	$6.1B	0.8x	6.9x
Yinson	$5.7B	4.7x	8.4x
Worley	$5.7B	0.7x	8.0x
Pampa Energia	$5.6B	2.9x	6.0x
Redes Energéticas Nacionais	$5.5B	4.5x	9.0x
Golar LNG	$5.5B	13.8x	21.5x
Kunlun Energy	$5.4B	0.2x	2.4x
CNOOC Energy Technology	$5.4B	0.7x	5.3x
Genesis Energy	$5.1B	3.3x	9.5x
Gibson Energy	$5.1B	0.6x	11.8x
Jiangxi Jovo Energy Co	$5.0B	1.6x	15.1x
PrairieSky Royalty	$4.9B	13.8x	15.0x
Delek Logistics	$4.9B	4.7x	9.6x
Transportadora de Gas del Sur	$4.8B	4.0x	7.6x
Badger Meter	$4.8B	5.2x	21.9x
Promigas	$4.8B	n/a	n/a
Chesapeake Utilities	$4.5B	5.1x	14.3x
Northwest Natural Holdings	$4.4B	3.3x	10.0x
ALDREES Petroleum	$4.3B	0.6x	13.2x
NGL Energy Partners	$4.3B	1.4x	6.6x
Valaris	$4.3B	1.8x	7.0x
MyMesra	$4.2B	0.4x	8.6x
Woqod	$4.1B	0.6x	16.8x
Alupar	$4.0B	n/a	n/a
Liberty Energy	$4.0B	1.0x	7.0x
Paz Retail And Energy	$3.9B	n/a	n/a
Centuri Holdings	$3.9B	1.4x	15.9x
MVV Energie	$3.7B	n/a	n/a
Toho Gas	$3.7B	0.9x	8.2x
Topaz Energy	$3.6B	14.4x	14.7x
Secure Waste Infr	$3.5B	3.3x	9.7x
Global Partners	$3.5B	0.2x	9.3x
Societatea Energetica	$3.5B	n/a	n/a
Equital	$3.5B	n/a	n/a
Petronet LNG	$3.5B	0.6x	5.9x
Cadeler	$3.3B	4.7x	7.1x
Technip Energies	$3.3B	0.4x	4.3x
Oceaneering	$3.3B	1.2x	8.3x
Scorpio Tankers	$3.3B	3.6x	6.3x
Tidewater	$3.2B	2.4x	5.5x
Fluence Energy	$3.2B	1.3x	118.2x
Arabian Drilling	$3.2B	3.5x	9.6x
International Seaways	$3.2B	4.0x	7.1x
Borr Drilling	$3.2B	3.2x	6.9x
Perusahaan Gas Negara	$3.2B	0.8x	3.5x
Nofar Energy	$3.1B	n/a	n/a
TORM	$3.0B	3.3x	5.5x
Longshine Technology	$2.9B	4.2x	38.5x
Nabors Industries	$2.9B	0.9x	3.1x
Gujarat Gas	$2.8B	1.6x	13.6x
Petrol Group	$2.8B	0.4x	7.1x
Naturgy Brasil	$2.7B	n/a	n/a
NMDC Energy	$2.7B	0.6x	5.8x
TGS	$2.7B	1.7x	2.9x
Seadrill	$2.6B	1.9x	7.9x
Suburban Propane	$2.6B	1.8x	9.3x
Aegis Logistics	$2.4B	2.9x	17.9x
DHT Holdings	$2.4B	6.4x	8.3x
Nippon Gas	$2.3B	1.8x	11.0x
Indraprastha Gas	$2.2B	1.2x	9.6x
Excelerate Energy	$2.1B	1.8x	4.7x
ProFrac	$2.1B	1.1x	7.1x
Atlas Energy Solutions	$2.0B	1.9x	9.5x
Friedrich Vorwerk Group	$2.0B	2.5x	11.8x
Navigator Gas	$2.0B	3.6x	6.9x
Bristow Group	$1.9B	1.3x	7.8x
COOEC	$1.9B	0.4x	3.2x
Enerya Enerji	$1.9B	n/a	n/a
Dor Alon Energy	$1.9B	n/a	n/a
Wood	$1.8B	0.4x	5.3x
Polenergia	$1.8B	1.7x	12.7x
Expro	$1.8B	1.1x	5.1x
World Kinect	$1.8B	0.0x	5.2x
Fugro	$1.8B	0.8x	5.7x
National Gas	$1.7B	n/a	n/a
Nanjing Tanker	$1.7B	2.1x	5.5x
Romande Energie	$1.7B	n/a	n/a
CrossAmerica Partners	$1.7B	0.5x	12.2x
Tetra Technologies	$1.7B	2.7x	14.8x
Fluxys Belgium	$1.6B	2.3x	4.6x
Afriquia Gaz	$1.6B	1.5x	9.3x
Kimbell Royalty Partners	$1.6B	4.9x	6.0x
Dorian LPG	$1.6B	3.8x	6.6x
Select Water	$1.6B	1.1x	6.2x
Summit Midstream	$1.5B	2.7x	6.1x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Gas Malaysia	$1.4B	0.7x	9.1x
Helix Energy Solutions	$1.4B	1.1x	5.4x
Paratus Energy Services	$1.4B	6.1x	5.6x
Teekay Tankers	$1.4B	2.2x	4.8x
Bonheur	$1.4B	1.1x	3.6x
RPC Inc.	$1.3B	0.8x	5.4x
ProPetro Holding	$1.3B	1.0x	6.8x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
Nordic American Tankers	$1.2B	6.3x	12.6x
Indian Energy Exchange	$1.1B	16.7x	19.6x
Energiekontor	$1.0B	5.3x	11.4x
Aygaz	$1.0B	0.5x	16.1x
Mahanagar Gas	$1.0B	1.2x	6.1x
Waaree RTL	$981M	n/a	n/a
CW Enerji	$903M	n/a	n/a
Exmar	$898M	n/a	n/a
JANAF	$774M	n/a	n/a
Transrail Lighting	$701M	1.0x	8.7x
Fastned	$699M	4.3x	35.0x
Star Group	$683M	n/a	n/a
Next Geo	$659M	2.2x	8.2x
thyssenkrupp nucera	$565M	0.6x	47.1x
Oil States International	$565M	0.8x	6.9x
Allego	$544M	n/a	n/a
EVgo	$498M	1.4x	-42.3x
Sterling and Wilson	$472M	0.6x	14.3x
Moreld	$467M	0.5x	2.9x
Capital	$425M	1.2x	5.4x
OPAL Fuels	$401M	1.2x	4.9x
Sinopec Kantons Holdings	$387M	n/a	n/a
Integrated Wind Solutions	$384M	3.0x	9.5x
Nine Energy Service	$383M	n/a	n/a
RGC Resources	$366M	3.8x	n/a
Ventura Offshore Holding	$360M	1.4x	4.2x
7C Solarparken	$337M	n/a	n/a
Ranger Energy Services	$336M	0.6x	4.8x
ChargePoint	$310M	0.8x	-3.5x
Studsvik	$305M	3.0x	23.1x
HMS Bergbau	$266M	0.1x	9.9x
CBH Engineering Holding	$228M	3.8x	21.8x
Arq	$190M	1.6x	12.6x
NextNRG	$177M	2.1x	n/a
Entech	$153M	1.7x	38.6x
Onde	$152M	n/a	n/a
Naas Technology	$144M	n/a	n/a
PRL Global	$143M	n/a	n/a
Blink Charging	$111M	1.1x	-1.9x
Enersense International	$110M	0.3x	3.3x
EiDF SOLAR	$106M	n/a	n/a
AJ Lucas Group	$93.1M	n/a	n/a
XCHG	$57.0M	n/a	n/a
Solarium Green Energy	$50.5M	n/a	n/a
Swift Energy Technology	$29.3M	n/a	n/a
Mon Courtier Energie Gr	$11.3M	0.3x	3.6x
Mammoth Energy Services	$9.0M	n/a	n/a
Teekay	-$55.5M	n/a	n/a
Aker Carbon Capture	-$183M	n/a	n/a