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	$226B	2.1x	11.2x
GE Vernova	$208B	5.6x	61.8x
Enbridge	$198B	4.4x	13.6x
Siemens Energy	$154B	3.2x	30.2x
Energy Transfer	$125B	1.5x	7.8x
Williams Companies	$118B	10.3x	15.2x
Enterprise Products	$114B	2.2x	11.6x
TC Energy	$112B	10.0x	13.9x
Kinder Morgan	$104B	6.2x	12.5x
Sempra	$94.6B	6.5x	15.9x
ONEOK	$86.7B	2.6x	10.7x
Quanta Services	$83.6B	3.0x	29.6x
MPLX	$82.1B	6.3x	11.7x
Targa Resources	$65.4B	3.9x	13.4x
E.ON	$52.9B	0.5x	4.6x
NRG Energy	$49.2B	1.7x	12.2x
RWE	$47.8B	1.8x	8.3x
Snam	$46.0B	10.1x	13.1x
Naturgy Energy Group	$44.2B	1.8x	7.0x
China Energy Engineering	$43.2B	0.6x	8.3x
Orlen	$39.5B	0.5x	3.9x
Atmos Energy	$38.9B	7.9x	16.2x
NiSource	$37.6B	6.1x	13.0x
Pembina Pipeline	$37.0B	6.4x	11.7x
Xylem	$31.7B	3.5x	15.9x
Korea Gas	$26.7B	1.1x	9.0x
Plains All American Pipeline	$25.3B	0.5x	8.8x
TechnipFMC	$25.3B	2.5x	13.9x
Towngas	$24.9B	3.3x	15.8x
Western Midstream	$24.5B	6.3x	9.7x
Neste	$23.5B	1.0x	12.8x
Brookfield Renewable	$22.5B	3.8x	8.0x
Essential Utilities	$19.2B	8.2x	15.4x
Brookfield Infrastructure	$18.8B	n/a	n/a
APA Group	$17.8B	7.7x	12.1x
China Merchants Energy	$17.6B	4.5x	11.5x
Adani Energy Solutions	$17.3B	6.0x	17.4x
Quinenco	$15.9B	1544.4x	n/a
COSCO SHIPPING Energy	$15.7B	4.4x	10.6x
ADNOC	$15.1B	1.6x	12.9x
Sembcorp	$15.1B	3.0x	12.1x
Cosan	$14.4B	0.5x	3.6x
ACCIONA Energía	$14.2B	4.1x	7.6x
Jereh Group	$13.8B	5.9x	22.5x
Plains GP Holdings	$12.7B	0.3x	4.5x
Transocean	$12.6B	3.2x	9.3x
Grupo Energía Bogotá	$12.5B	5.6x	13.2x
Nakilat	$12.2B	11.7x	15.3x
Chuantou Energy	$11.9B	46.9x	14.0x
Keyera	$11.7B	2.2x	14.0x
Spire	$11.0B	4.3x	12.9x
National Fuel Gas	$10.8B	4.6x	7.4x
China Oilfield Services	$10.5B	1.4x	6.0x
Siemens Energy India	$10.4B	11.4x	58.5x
Murphy USA	$10.3B	0.5x	10.4x
Black Hills	$10.1B	4.3x	11.0x
Frontline	$9.9B	8.0x	10.4x
Ormat Technologies	$9.9B	10.1x	17.0x
Pennon Group	$9.8B	5.8x	14.5x
New Fortress Energy	$9.5B	4.7x	120.3x
New Jersey Resources	$9.4B	4.5x	13.5x
CMB.Tech	$9.3B	6.6x	11.9x
Royal Vopak	$9.2B	5.3x	8.1x
Southwest Gas Holdings	$9.1B	2.4x	10.2x
Noble Corp	$8.8B	2.7x	8.0x
ONE Gas	$8.6B	3.4x	11.1x
Northland Power	$8.5B	4.9x	9.4x
Saipem	$8.3B	0.5x	4.2x
Grupo Ultra	$8.3B	0.3x	6.6x
Subsea 7	$8.3B	1.1x	5.5x
China Resources Gas	$8.2B	0.6x	5.9x
Gaztransport & Technigaz	$7.6B	7.9x	11.7x
Guangdong Investment	$7.6B	3.2x	6.0x
DCC	$7.4B	0.3x	6.3x
Ampol	$7.3B	0.3x	7.3x
Valaris	$7.1B	3.1x	11.7x
Enagas	$7.0B	6.7x	8.7x
Kodiak Gas Services	$7.0B	5.3x	9.8x
Contact Energy	$6.9B	3.4x	13.0x
Motor Oil (Hellas)	$6.8B	0.5x	5.1x
Adani Total Gas	$6.5B	11.7x	51.7x
Rubis	$6.2B	0.8x	7.1x
Auren Energia	$6.2B	2.6x	9.0x
Viva Energy Australia	$5.9B	0.3x	11.9x
Yinson	$5.9B	4.7x	8.4x
Redes Energéticas Nacionais	$5.8B	4.7x	9.5x
Worley	$5.8B	0.7x	8.0x
Kunlun Energy	$5.8B	0.2x	2.6x
Golar LNG	$5.8B	14.6x	22.7x
CNOOC Energy Technology	$5.6B	0.7x	5.4x
Pampa Energia	$5.5B	2.7x	5.8x
Gibson Energy	$5.4B	0.7x	12.3x
PrairieSky Royalty	$5.3B	14.7x	16.0x
Delek Logistics	$5.2B	5.0x	10.3x
Genesis Energy	$5.2B	3.3x	9.6x
Liberty Energy	$4.8B	1.3x	8.4x
Chesapeake Utilities	$4.8B	5.4x	15.1x
Promigas	$4.7B	n/a	n/a
Northwest Natural Holdings	$4.6B	3.5x	10.4x
NGL Energy Partners	$4.5B	1.5x	7.0x
Transportadora de Gas del Sur	$4.5B	3.6x	7.0x
Badger Meter	$4.3B	4.7x	19.8x
ALDREES Petroleum	$4.3B	0.6x	13.3x
MyMesra	$4.2B	0.4x	8.3x
Alupar	$4.2B	n/a	n/a
Jiangxi Jovo Energy Co	$4.2B	1.3x	12.5x
Centuri Holdings	$4.1B	1.4x	16.9x
Paz Retail And Energy	$4.1B	n/a	n/a
Toho Gas	$4.0B	1.0x	9.0x
Woqod	$3.9B	0.5x	16.6x
MVV Energie	$3.8B	n/a	n/a
Secure Waste Infr	$3.8B	3.4x	10.2x
Petronet LNG	$3.7B	0.7x	6.2x
Tidewater	$3.7B	2.8x	6.3x
Oceaneering	$3.7B	1.3x	9.3x
Global Partners	$3.7B	0.2x	9.7x
Cadeler	$3.7B	5.1x	7.7x
Equital	$3.6B	n/a	n/a
Topaz Energy	$3.6B	14.5x	14.7x
Societatea Energetica	$3.6B	n/a	n/a
Borr Drilling	$3.6B	3.6x	7.7x
International Seaways	$3.6B	4.4x	7.8x
Scorpio Tankers	$3.5B	3.9x	6.8x
Nofar Energy	$3.4B	n/a	n/a
Technip Energies	$3.4B	0.4x	4.3x
TORM	$3.3B	3.6x	5.9x
Arabian Drilling	$3.0B	3.2x	8.9x
Perusahaan Gas Negara	$3.0B	0.8x	3.3x
Gujarat Gas	$3.0B	1.7x	14.3x
TGS	$2.9B	1.8x	3.1x
Petrol Group	$2.9B	0.4x	7.4x
DHT Holdings	$2.9B	7.8x	10.0x
Seadrill	$2.9B	2.1x	8.6x
Naturgy Brasil	$2.8B	n/a	n/a
Suburban Propane	$2.8B	1.9x	9.9x
NMDC Energy	$2.7B	0.6x	5.9x
Aegis Logistics	$2.7B	3.1x	19.3x
Longshine Technology	$2.6B	3.8x	34.8x
Nabors Industries	$2.5B	0.8x	2.8x
Fluence Energy	$2.4B	0.9x	86.9x
Excelerate Energy	$2.3B	2.0x	5.1x
Nippon Gas	$2.3B	1.8x	11.1x
ProFrac	$2.1B	1.1x	7.3x
COOEC	$2.1B	0.4x	3.5x
Fugro	$2.1B	0.9x	6.8x
Indraprastha Gas	$2.1B	1.2x	9.0x
Navigator Gas	$2.0B	3.7x	7.1x
Dor Alon Energy	$2.0B	n/a	n/a
Atlas Energy Solutions	$2.0B	1.8x	9.4x
Bristow Group	$2.0B	1.3x	7.9x
Friedrich Vorwerk Group	$1.9B	2.4x	11.3x
Enerya Enerji	$1.9B	n/a	n/a
Expro	$1.8B	1.1x	5.2x
Wood	$1.8B	0.4x	5.3x
World Kinect	$1.8B	0.0x	5.2x
Dorian LPG	$1.8B	4.4x	7.7x
Nanjing Tanker	$1.8B	2.2x	5.8x
Polenergia	$1.8B	1.7x	12.3x
Romande Energie	$1.7B	n/a	n/a
Kimbell Royalty Partners	$1.7B	5.3x	6.4x
National Gas	$1.7B	n/a	n/a
CrossAmerica Partners	$1.7B	0.5x	12.4x
Fluxys Belgium	$1.7B	2.3x	4.7x
Teekay Tankers	$1.7B	2.6x	5.9x
Select Water	$1.7B	1.2x	6.5x
Tetra Technologies	$1.6B	2.6x	14.4x
ProPetro Holding	$1.6B	1.3x	8.5x
Afriquia Gaz	$1.6B	1.5x	9.3x
Helix Energy Solutions	$1.5B	1.2x	6.0x
Gas Malaysia	$1.5B	0.8x	9.4x
Summit Midstream	$1.5B	2.7x	6.2x
Bonheur	$1.4B	1.1x	3.7x
Paratus Energy Services	$1.4B	6.1x	5.7x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Nordic American Tankers	$1.3B	6.9x	13.6x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
RPC Inc.	$1.2B	0.7x	4.7x
Aygaz	$1.1B	0.5x	16.9x
Mahanagar Gas	$1.1B	1.2x	6.3x
Indian Energy Exchange	$1.1B	16.1x	18.9x
Energiekontor	$1.1B	5.3x	11.5x
Waaree RTL	$1.0B	n/a	n/a
CW Enerji	$930M	n/a	n/a
Exmar	$915M	n/a	n/a
Transrail Lighting	$849M	1.3x	10.5x
JANAF	$779M	n/a	n/a
Star Group	$759M	n/a	n/a
Fastned	$724M	4.5x	36.0x
Next Geo	$684M	2.2x	8.4x
Oil States International	$621M	0.9x	7.5x
thyssenkrupp nucera	$588M	0.6x	48.7x
Allego	$550M	n/a	n/a
Sterling and Wilson	$503M	0.6x	15.1x
EVgo	$475M	1.3x	-40.3x
Moreld	$475M	0.5x	2.9x
Capital	$450M	1.3x	5.7x
Sinopec Kantons Holdings	$402M	n/a	n/a
Integrated Wind Solutions	$397M	3.1x	9.6x
OPAL Fuels	$390M	1.1x	4.8x
Ventura Offshore Holding	$389M	1.5x	4.4x
RGC Resources	$381M	4.0x	n/a
Ranger Energy Services	$373M	0.7x	5.3x
7C Solarparken	$341M	n/a	n/a
Studsvik	$331M	3.3x	25.0x
ChargePoint	$293M	0.7x	-3.3x
HMS Bergbau	$270M	0.2x	10.0x
CBH Engineering Holding	$218M	3.6x	20.2x
Arq	$181M	1.5x	12.1x
Entech	$168M	1.8x	42.2x
Onde	$161M	n/a	n/a
Naas Technology	$138M	n/a	n/a
PRL Global	$137M	n/a	n/a
NextNRG	$134M	1.6x	n/a
Enersense International	$109M	0.3x	3.3x
EiDF SOLAR	$95.7M	n/a	n/a
Teekay	$95.4M	n/a	n/a
AJ Lucas Group	$94.7M	n/a	n/a
Blink Charging	$81.9M	0.8x	-1.4x
XCHG	$53.9M	n/a	n/a
Solarium Green Energy	$49.6M	n/a	n/a
Swift Energy Technology	$30.1M	n/a	n/a
Mon Courtier Energie Gr	$10.2M	0.3x	3.2x
Mammoth Energy Services	$4.7M	n/a	n/a
Aker Carbon Capture	-$187M	n/a	n/a