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	$254B	2.3x	12.5x
Enbridge	$185B	4.2x	12.8x
GE Vernova	$170B	4.6x	50.3x
Energy Transfer	$117B	1.4x	7.3x
Siemens Energy	$114B	2.4x	22.5x
TC Energy	$104B	9.4x	13.0x
Enterprise Products	$103B	2.0x	10.4x
Williams Companies	$101B	8.9x	13.1x
Kinder Morgan	$93.6B	5.5x	11.2x
Sempra	$90.3B	6.2x	15.2x
ONEOK	$78.8B	2.3x	9.8x
MPLX	$78.7B	6.1x	11.2x
Quanta Services	$68.3B	2.4x	24.1x
Targa Resources	$56.9B	3.4x	11.6x
E.ON	$44.7B	0.5x	3.9x
Naturgy Energy Group	$43.2B	1.8x	6.9x
RWE	$43.1B	1.7x	7.6x
Snam	$42.9B	9.5x	12.3x
NRG Energy	$42.5B	1.4x	10.5x
China Energy Engineering	$42.3B	0.6x	8.1x
Orlen	$36.5B	0.5x	3.6x
Atmos Energy	$36.2B	7.4x	15.1x
NiSource	$35.6B	5.8x	12.3x
Xylem	$34.1B	3.8x	17.0x
Pembina Pipeline	$33.5B	6.0x	10.6x
Korea Gas	$26.9B	1.1x	8.9x
Towngas	$23.8B	3.2x	15.0x
Neste	$23.2B	1.0x	12.8x
Western Midstream	$22.9B	5.9x	9.1x
Brookfield Renewable	$21.4B	3.7x	7.6x
Plains All American Pipeline	$21.1B	0.4x	7.4x
Essential Utilities	$18.8B	8.0x	15.0x
TechnipFMC	$18.5B	1.9x	10.1x
Adani Energy Solutions	$18.5B	6.4x	18.3x
Brookfield Infrastructure	$18.5B	n/a	n/a
APA Group	$16.8B	7.7x	12.0x
Quinenco	$15.2B	1558.9x	n/a
Sembcorp	$14.6B	3.0x	11.9x
ACCIONA Energía	$14.6B	4.2x	7.9x
ADNOC	$14.4B	1.5x	12.2x
China Merchants Energy	$13.7B	3.5x	9.0x
Cosan	$13.1B	0.5x	3.5x
Plains GP Holdings	$12.2B	0.3x	4.3x
Grupo Energía Bogotá	$12.2B	5.5x	13.1x
Nakilat	$11.9B	11.4x	14.9x
Chuantou Energy	$11.8B	47.1x	14.0x
COSCO SHIPPING Energy	$11.3B	3.2x	7.6x
Spire	$10.3B	4.1x	12.0x
Murphy USA	$10.3B	0.5x	10.4x
Keyera	$10.2B	2.0x	12.2x
National Fuel Gas	$10.0B	4.2x	6.9x
Transocean	$9.9B	2.5x	7.3x
Siemens Energy India	$9.7B	10.5x	53.9x
Jereh Group	$9.6B	4.1x	15.8x
Black Hills	$9.6B	4.1x	10.4x
New Fortress Energy	$9.5B	4.6x	114.7x
Ormat Technologies	$9.4B	9.7x	16.2x
Pennon Group	$9.3B	5.6x	13.9x
China Oilfield Services	$9.1B	1.2x	5.3x
Southwest Gas Holdings	$8.5B	2.3x	9.6x
New Jersey Resources	$8.4B	4.0x	12.0x
Royal Vopak	$8.3B	4.8x	7.4x
CMB.Tech	$8.3B	5.9x	10.7x
China Resources Gas	$8.2B	0.6x	5.9x
Northland Power	$8.1B	4.7x	9.0x
ONE Gas	$8.0B	3.1x	10.4x
Frontline	$7.9B	6.3x	8.3x
Adani Total Gas	$7.4B	13.2x	58.3x
Ampol	$7.3B	0.3x	7.6x
Guangdong Investment	$7.0B	2.9x	5.5x
Grupo Ultra	$6.7B	0.3x	5.6x
Subsea 7	$6.6B	0.9x	4.6x
DCC	$6.5B	0.3x	5.7x
Contact Energy	$6.4B	3.3x	12.5x
Gaztransport & Technigaz	$6.4B	6.7x	10.0x
Enagas	$6.4B	6.2x	8.1x
Saipem	$6.3B	0.4x	3.2x
Motor Oil (Hellas)	$6.2B	0.5x	4.7x
Viva Energy Australia	$6.0B	0.3x	12.8x
Noble Corp	$6.0B	1.8x	5.5x
Auren Energia	$5.9B	2.6x	9.1x
Kodiak Gas Services	$5.9B	4.5x	8.2x
Rubis	$5.8B	0.7x	6.7x
Pampa Energia	$5.7B	2.9x	6.2x
Yinson	$5.7B	4.7x	8.3x
Redes Energéticas Nacionais	$5.3B	4.4x	8.8x
Worley	$5.3B	0.7x	7.8x
Golar LNG	$5.1B	13.0x	20.2x
Kunlun Energy	$5.0B	0.2x	2.2x
Gibson Energy	$5.0B	0.6x	11.6x
Genesis Energy	$5.0B	3.2x	9.3x
Badger Meter	$4.9B	5.3x	22.6x
CNOOC Energy Technology	$4.8B	0.6x	4.7x
PrairieSky Royalty	$4.8B	13.4x	14.6x
Transportadora de Gas del Sur	$4.8B	3.9x	7.6x
Delek Logistics	$4.7B	4.5x	9.2x
ALDREES Petroleum	$4.6B	0.7x	14.0x
Naturgy Brasil	$4.5B	n/a	n/a
Chesapeake Utilities	$4.5B	5.1x	14.3x
Promigas	$4.5B	n/a	n/a
Northwest Natural Holdings	$4.4B	3.3x	10.0x
NGL Energy Partners	$4.3B	1.4x	6.6x
Jiangxi Jovo Energy Co	$4.1B	1.3x	12.3x
Valaris	$4.0B	1.7x	6.6x
MyMesra	$4.0B	0.4x	8.1x
Paz Retail And Energy	$3.8B	n/a	n/a
Petronet LNG	$3.8B	0.7x	6.2x
Alupar	$3.7B	n/a	n/a
Woqod	$3.7B	0.5x	15.7x
MVV Energie	$3.7B	n/a	n/a
Equital	$3.6B	n/a	n/a
Liberty Energy	$3.6B	0.9x	6.3x
Centuri Holdings	$3.6B	1.2x	14.6x
Secure Waste Infr	$3.5B	3.2x	9.6x
Topaz Energy	$3.5B	14.0x	14.2x
Global Partners	$3.5B	0.2x	9.1x
Technip Energies	$3.3B	0.4x	4.3x
Toho Gas	$3.3B	0.8x	7.3x
Societatea Energetica	$3.2B	n/a	n/a
Cadeler	$3.1B	4.5x	6.8x
Gujarat Gas	$3.1B	1.7x	14.8x
Arabian Drilling	$3.1B	3.4x	9.2x
Borr Drilling	$3.1B	3.1x	6.6x
Scorpio Tankers	$2.9B	3.2x	5.4x
International Seaways	$2.8B	3.5x	6.1x
Oceaneering	$2.8B	1.0x	7.0x
Aegis Logistics	$2.8B	3.2x	19.9x
Nofar Energy	$2.8B	n/a	n/a
Tidewater	$2.8B	2.0x	4.6x
Nabors Industries	$2.7B	0.9x	3.0x
Perusahaan Gas Negara	$2.7B	0.7x	3.0x
TORM	$2.7B	3.0x	4.9x
Petrol Group	$2.6B	0.4x	6.7x
Suburban Propane	$2.6B	1.8x	9.1x
Indraprastha Gas	$2.5B	1.4x	10.9x
TGS	$2.5B	1.6x	2.8x
NMDC Energy	$2.4B	0.5x	5.3x
Seadrill	$2.4B	1.7x	7.1x
Fluence Energy	$2.3B	0.9x	83.1x
Longshine Technology	$2.3B	3.3x	30.0x
Nippon Gas	$2.2B	1.8x	11.0x
DHT Holdings	$2.2B	5.7x	7.4x
Enerya Enerji	$1.9B	n/a	n/a
Navigator Gas	$1.9B	3.5x	6.7x
ProFrac	$1.9B	1.0x	6.4x
Excelerate Energy	$1.8B	1.6x	4.2x
National Gas	$1.8B	n/a	n/a
Dor Alon Energy	$1.8B	n/a	n/a
Polenergia	$1.8B	1.7x	12.7x
Friedrich Vorwerk Group	$1.8B	2.3x	10.7x
Wood	$1.8B	0.4x	5.3x
Bristow Group	$1.7B	1.2x	7.0x
Atlas Energy Solutions	$1.7B	1.6x	8.1x
Romande Energie	$1.7B	n/a	n/a
World Kinect	$1.6B	0.0x	4.7x
Fluxys Belgium	$1.6B	2.2x	4.5x
Fugro	$1.6B	0.7x	5.3x
CrossAmerica Partners	$1.6B	0.5x	11.7x
Afriquia Gaz	$1.6B	1.5x	9.1x
Kimbell Royalty Partners	$1.5B	4.6x	5.6x
Expro	$1.5B	0.9x	4.2x
Summit Midstream	$1.5B	2.6x	6.1x
Nanjing Tanker	$1.5B	1.8x	4.8x
Dorian LPG	$1.5B	3.5x	6.0x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Select Water	$1.4B	1.0x	5.6x
Tetra Technologies	$1.4B	2.2x	12.5x
Gas Malaysia	$1.4B	0.7x	8.7x
Bonheur	$1.3B	1.1x	3.6x
Paratus Energy Services	$1.3B	6.0x	5.5x
COOEC	$1.2B	0.3x	2.1x
Helix Energy Solutions	$1.2B	1.0x	4.7x
Indian Energy Exchange	$1.2B	17.7x	20.7x
Mahanagar Gas	$1.1B	1.3x	6.6x
RPC Inc.	$1.1B	0.7x	4.5x
Waaree RTL	$1.1B	n/a	n/a
ProPetro Holding	$1.1B	0.9x	6.0x
Nordic American Tankers	$1.1B	5.6x	11.2x
Teekay Tankers	$1.1B	1.7x	3.8x
Ahlatcı Doğal Gaz	$1.0B	n/a	n/a
Energiekontor	$1.0B	5.1x	11.0x
Aygaz	$943M	0.5x	14.5x
Exmar	$908M	n/a	n/a
Transrail Lighting	$884M	1.3x	10.8x
CW Enerji	$851M	n/a	n/a
JANAF	$798M	n/a	n/a
Star Group	$651M	n/a	n/a
Fastned	$635M	4.0x	31.7x
Next Geo	$618M	2.0x	7.7x
Sterling and Wilson	$571M	0.7x	16.9x
Allego	$544M	n/a	n/a
thyssenkrupp nucera	$538M	0.6x	45.8x
Moreld	$493M	0.5x	3.2x
EVgo	$474M	1.3x	-41.6x
Oil States International	$464M	0.7x	5.6x
OPAL Fuels	$392M	1.1x	4.8x
Sinopec Kantons Holdings	$391M	n/a	n/a
Capital	$390M	1.1x	5.1x
Integrated Wind Solutions	$385M	3.1x	9.7x
Nine Energy Service	$377M	n/a	n/a
RGC Resources	$367M	3.8x	n/a
7C Solarparken	$332M	n/a	n/a
Ventura Offshore Holding	$315M	1.3x	3.8x
ChargePoint	$310M	0.8x	-3.5x
Ranger Energy Services	$305M	0.6x	4.3x
HMS Bergbau	$269M	0.2x	10.1x
Studsvik	$251M	2.6x	19.5x
NextNRG	$223M	2.7x	n/a
CBH Engineering Holding	$188M	3.1x	17.9x
Arq	$168M	1.4x	11.1x
Naas Technology	$146M	n/a	n/a
Onde	$144M	n/a	n/a
Entech	$137M	1.5x	34.2x
PRL Global	$127M	n/a	n/a
Enersense International	$112M	0.3x	3.4x
EiDF SOLAR	$103M	n/a	n/a
AJ Lucas Group	$89.5M	n/a	n/a
Blink Charging	$79.1M	0.8x	-1.4x
Solarium Green Energy	$59.7M	n/a	n/a
XCHG	$59.4M	n/a	n/a
Swift Energy Technology	$36.6M	n/a	n/a
Mon Courtier Energie Gr	$12.9M	0.4x	4.1x
Mammoth Energy Services	-$17.0M	n/a	n/a
Teekay	-$108M	n/a	n/a
Aker Carbon Capture	-$178M	n/a	n/a