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	$247B	2.2x	12.3x
Enbridge	$183B	4.2x	12.7x
GE Vernova	$175B	4.7x	53.2x
Energy Transfer	$117B	1.4x	7.3x
Siemens Energy	$111B	2.4x	22.5x
Enterprise Products	$103B	2.0x	10.5x
TC Energy	$102B	9.2x	12.8x
Williams Companies	$101B	8.9x	13.1x
Kinder Morgan	$91.9B	5.5x	11.0x
Sempra	$90.5B	6.4x	15.6x
MPLX	$80.2B	6.2x	11.4x
ONEOK	$78.8B	2.4x	9.8x
Quanta Services	$70.7B	2.5x	25.2x
Targa Resources	$56.6B	3.3x	11.7x
NRG Energy	$43.0B	1.5x	10.7x
Snam	$42.5B	9.5x	12.3x
E.ON	$42.0B	0.4x	3.7x
China Energy Engineering	$42.0B	0.6x	8.1x
Naturgy Energy Group	$41.7B	1.8x	6.7x
RWE	$41.3B	1.5x	7.2x
Atmos Energy	$36.3B	7.5x	15.2x
NiSource	$35.3B	5.8x	12.2x
Xylem	$34.3B	3.8x	17.2x
Orlen	$34.0B	0.5x	3.3x
Pembina Pipeline	$33.7B	6.1x	10.8x
Korea Gas	$26.4B	1.1x	9.0x
Towngas	$23.9B	3.2x	15.1x
Western Midstream	$22.9B	5.9x	9.1x
Neste	$21.7B	1.0x	12.3x
Brookfield Renewable	$21.1B	3.6x	7.6x
Plains All American Pipeline	$21.0B	0.4x	7.3x
TechnipFMC	$19.2B	1.9x	10.7x
Essential Utilities	$18.7B	8.0x	15.0x
Brookfield Infrastructure	$18.6B	n/a	n/a
Adani Energy Solutions	$17.7B	6.2x	17.8x
APA Group	$16.8B	7.8x	12.1x
Quinenco	$15.5B	1620.0x	n/a
ADNOC	$14.6B	1.5x	12.5x
Sembcorp	$14.3B	2.9x	11.6x
ACCIONA Energía	$13.8B	4.0x	7.5x
Cosan	$13.7B	0.5x	3.5x
China Merchants Energy	$12.9B	3.4x	8.6x
Plains GP Holdings	$12.2B	0.3x	4.3x
Chuantou Energy	$12.1B	48.8x	14.5x
Grupo Energía Bogotá	$12.0B	5.6x	13.3x
Nakilat	$11.8B	11.4x	14.8x
COSCO SHIPPING Energy	$11.0B	3.2x	7.5x
Siemens Energy India	$11.0B	12.1x	62.4x
Spire	$10.3B	4.1x	12.1x
Murphy USA	$10.3B	0.5x	10.4x
Jereh Group	$10.3B	4.4x	17.0x
Keyera	$10.3B	2.0x	12.4x
National Fuel Gas	$10.2B	4.3x	7.0x
Transocean	$9.9B	2.5x	7.4x
Black Hills	$9.8B	4.2x	10.8x
Ormat Technologies	$9.6B	9.9x	16.5x
New Fortress Energy	$9.5B	4.7x	81.2x
Pennon Group	$9.1B	5.6x	14.2x
China Oilfield Services	$8.9B	1.2x	5.2x
China Resources Gas	$8.8B	0.7x	6.4x
Southwest Gas Holdings	$8.5B	2.4x	10.1x
New Jersey Resources	$8.4B	4.1x	12.0x
CMB.Tech	$8.4B	5.9x	10.8x
Royal Vopak	$8.3B	4.8x	7.3x
Frontline	$8.1B	6.4x	8.5x
ONE Gas	$8.0B	3.2x	10.4x
Northland Power	$7.9B	4.6x	8.9x
DCC	$7.8B	0.3x	6.8x
Adani Total Gas	$7.4B	13.3x	58.8x
Ampol	$7.3B	0.3x	7.8x
Guangdong Investment	$7.1B	3.0x	5.7x
Grupo Ultra	$6.9B	0.3x	5.7x
Gaztransport & Technigaz	$6.6B	7.0x	10.4x
Contact Energy	$6.5B	3.3x	12.8x
Enagas	$6.4B	6.2x	8.1x
Subsea 7	$6.2B	0.9x	4.4x
Noble Corp	$6.2B	1.9x	5.7x
Motor Oil (Hellas)	$6.2B	0.5x	4.9x
Viva Energy Australia	$6.1B	0.3x	13.1x
Auren Energia	$6.1B	2.7x	9.4x
Saipem	$6.0B	0.3x	3.1x
Pampa Energia	$5.9B	3.1x	6.5x
Kodiak Gas Services	$5.9B	4.5x	8.3x
Rubis	$5.8B	0.7x	6.7x
Redes Energéticas Nacionais	$5.3B	4.4x	8.8x
Worley	$5.3B	0.7x	7.8x
Badger Meter	$5.2B	5.7x	24.1x
Yinson	$5.1B	4.2x	7.4x
Golar LNG	$5.1B	13.1x	20.1x
Kunlun Energy	$5.1B	0.2x	2.3x
Gibson Energy	$5.0B	0.6x	11.7x
Genesis Energy	$5.0B	3.1x	9.2x
Transportadora de Gas del Sur	$5.0B	4.1x	7.7x
PrairieSky Royalty	$4.8B	13.6x	14.8x
CNOOC Energy Technology	$4.8B	0.6x	4.7x
Delek Logistics	$4.7B	4.5x	9.3x
Naturgy Brasil	$4.6B	n/a	n/a
Chesapeake Utilities	$4.6B	5.2x	14.5x
Promigas	$4.5B	n/a	n/a
ALDREES Petroleum	$4.5B	0.7x	13.7x
Northwest Natural Holdings	$4.4B	3.4x	10.2x
Valaris	$4.3B	1.8x	7.1x
NGL Energy Partners	$4.2B	1.4x	6.6x
Paz Retail And Energy	$3.9B	n/a	n/a
Alupar	$3.8B	n/a	n/a
MVV Energie	$3.8B	n/a	n/a
MyMesra	$3.8B	0.4x	7.7x
Liberty Energy	$3.7B	1.0x	6.4x
Centuri Holdings	$3.7B	1.3x	15.1x
Woqod	$3.6B	n/a	n/a
Topaz Energy	$3.5B	14.4x	14.6x
Global Partners	$3.5B	0.2x	9.2x
Equital	$3.5B	n/a	n/a
Jiangxi Jovo Energy Co	$3.5B	1.1x	10.8x
Secure Waste Infr	$3.5B	3.2x	9.5x
Petronet LNG	$3.4B	0.6x	5.6x
Toho Gas	$3.3B	0.8x	7.5x
Technip Energies	$3.3B	0.4x	4.3x
Societatea Energetica	$3.2B	1.3x	7.4x
Borr Drilling	$3.0B	3.0x	6.5x
Cadeler	$3.0B	4.5x	6.8x
Tidewater	$3.0B	2.2x	5.1x
Oceaneering	$3.0B	1.1x	7.5x
Arabian Drilling	$2.9B	3.2x	8.7x
Scorpio Tankers	$2.9B	3.2x	5.4x
Aegis Logistics	$2.9B	3.4x	20.8x
International Seaways	$2.8B	3.5x	6.1x
TORM	$2.8B	3.0x	4.9x
Gujarat Gas	$2.8B	1.5x	13.2x
Nabors Industries	$2.7B	0.9x	3.0x
Fluence Energy	$2.6B	1.1x	100.9x
Suburban Propane	$2.6B	1.8x	9.2x
Perusahaan Gas Negara	$2.6B	0.7x	2.8x
NMDC Energy	$2.5B	n/a	n/a
Nofar Energy	$2.5B	n/a	n/a
Petrol Group	$2.5B	n/a	n/a
TGS	$2.4B	1.6x	2.7x
Indraprastha Gas	$2.4B	1.3x	10.4x
Longshine Technology	$2.3B	3.2x	28.6x
Nippon Gas	$2.2B	1.7x	11.0x
Seadrill	$2.2B	1.6x	6.5x
DHT Holdings	$2.2B	5.8x	7.6x
Enerya Enerji	$2.1B	n/a	n/a
Navigator Gas	$1.9B	3.5x	6.7x
ProFrac	$1.9B	1.0x	6.3x
Polenergia	$1.8B	1.7x	12.6x
Friedrich Vorwerk Group	$1.8B	2.3x	11.1x
Dor Alon Energy	$1.8B	n/a	n/a
Excelerate Energy	$1.8B	1.7x	4.2x
Wood	$1.8B	0.4x	5.2x
Atlas Energy Solutions	$1.8B	1.7x	8.2x
Bristow Group	$1.8B	1.2x	7.0x
World Kinect	$1.7B	0.0x	4.8x
Romande Energie	$1.6B	1.5x	10.5x
National Gas	$1.6B	n/a	n/a
CrossAmerica Partners	$1.6B	0.5x	11.8x
Fugro	$1.6B	0.7x	5.1x
Afriquia Gaz	$1.6B	1.6x	9.6x
Expro	$1.6B	1.0x	4.4x
Kimbell Royalty Partners	$1.6B	4.8x	5.8x
Summit Midstream	$1.5B	n/a	n/a
Fluxys Belgium	$1.5B	2.1x	4.2x
Dorian LPG	$1.5B	3.6x	6.1x
Nanjing Tanker	$1.5B	1.8x	4.8x
Select Water	$1.5B	1.1x	5.7x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Tetra Technologies	$1.3B	2.1x	11.9x
Paratus Energy Services	$1.3B	5.8x	5.5x
Helix Energy Solutions	$1.3B	1.0x	5.1x
Gas Malaysia	$1.3B	0.7x	8.4x
Indian Energy Exchange	$1.3B	19.1x	22.4x
Bonheur	$1.2B	1.0x	3.3x
ProPetro Holding	$1.2B	0.9x	6.3x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
COOEC	$1.2B	0.3x	2.1x
RPC Inc.	$1.2B	0.7x	4.8x
Teekay Tankers	$1.1B	1.7x	3.8x
Nordic American Tankers	$1.1B	5.4x	10.2x
Mahanagar Gas	$1.1B	1.3x	6.5x
Waaree RTL	$1.1B	n/a	n/a
Aygaz	$1.0B	n/a	n/a
Energiekontor	$984M	5.1x	10.9x
Exmar	$937M	n/a	n/a
Transrail Lighting	$895M	1.3x	11.1x
CW Enerji	$849M	n/a	n/a
JANAF	$798M	n/a	n/a
Star Group	$648M	n/a	n/a
Fastned	$638M	4.1x	32.8x
Next Geo	$615M	2.0x	7.8x
Sterling and Wilson	$561M	0.7x	16.9x
Allego	$542M	n/a	n/a
EVgo	$515M	1.4x	-40.5x
Oil States International	$482M	0.7x	5.9x
Moreld	$474M	0.5x	3.1x
OPAL Fuels	$399M	1.2x	4.8x
thyssenkrupp nucera	$392M	0.4x	44.5x
RGC Resources	$381M	4.0x	n/a
Capital	$377M	1.1x	4.9x
Nine Energy Service	$376M	0.7x	8.0x
ChargePoint	$358M	0.9x	-3.9x
Integrated Wind Solutions	$352M	3.0x	9.6x
Sinopec Kantons Holdings	$349M	4.1x	2.3x
7C Solarparken	$331M	4.4x	6.1x
Ventura Offshore Holding	$317M	1.3x	3.8x
Ranger Energy Services	$308M	0.6x	4.4x
Studsvik	$280M	2.9x	22.4x
NextNRG	$261M	3.3x	n/a
HMS Bergbau	$258M	0.1x	9.8x
Arq	$171M	1.4x	11.6x
CBH Engineering Holding	$160M	2.7x	14.4x
Naas Technology	$151M	n/a	n/a
PRL Global	$146M	n/a	n/a
Onde	$143M	n/a	n/a
Entech	$138M	1.5x	36.3x
EiDF SOLAR	$112M	n/a	n/a
Enersense International	$107M	0.3x	3.4x
AJ Lucas Group	$89.0M	n/a	n/a
Blink Charging	$74.2M	0.7x	-1.3x
Solarium Green Energy	$59.7M	n/a	n/a
XCHG	$59.0M	n/a	n/a
Swift Energy Technology	$36.1M	n/a	n/a
Mon Courtier Energie Gr	$12.7M	0.4x	4.2x
Mammoth Energy Services	-$20.9M	-0.1x	n/a
Teekay	-$95.6M	n/a	n/a
Aker Carbon Capture	-$177M	-303.7x	23.3x