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	$228B	2.1x	11.4x
GE Vernova	$202B	5.4x	60.0x
Enbridge	$189B	4.3x	13.1x
Siemens Energy	$140B	2.9x	27.7x
Energy Transfer	$122B	1.5x	7.6x
Williams Companies	$110B	9.6x	14.2x
Enterprise Products	$109B	2.1x	11.1x
TC Energy	$107B	9.7x	13.5x
Kinder Morgan	$99.8B	5.9x	12.0x
Sempra	$89.7B	6.2x	15.1x
ONEOK	$83.2B	2.5x	10.3x
MPLX	$81.2B	6.2x	11.6x
Quanta Services	$81.2B	2.9x	28.7x
Targa Resources	$62.7B	3.7x	12.8x
RWE	$49.6B	1.9x	8.7x
E.ON	$49.3B	0.5x	4.3x
NRG Energy	$45.1B	1.5x	11.2x
Snam	$44.4B	9.8x	12.7x
Naturgy Energy Group	$44.3B	1.9x	7.0x
China Energy Engineering	$43.1B	0.6x	8.3x
Orlen	$40.0B	0.5x	4.0x
Atmos Energy	$37.6B	7.7x	15.7x
NiSource	$36.5B	6.0x	12.6x
Pembina Pipeline	$35.7B	6.2x	11.4x
Xylem	$35.5B	3.9x	17.8x
Korea Gas	$26.9B	1.1x	9.0x
Plains All American Pipeline	$24.8B	0.5x	8.7x
Towngas	$24.8B	3.3x	15.7x
TechnipFMC	$24.4B	2.4x	13.4x
Neste	$23.7B	1.1x	13.0x
Western Midstream	$23.6B	6.1x	9.4x
Brookfield Renewable	$22.1B	3.8x	7.9x
Brookfield Infrastructure	$18.7B	n/a	n/a
Essential Utilities	$18.5B	7.9x	14.8x
Adani Energy Solutions	$17.5B	6.2x	17.8x
APA Group	$17.0B	7.6x	11.8x
China Merchants Energy	$16.5B	4.2x	10.9x
Quinenco	$16.0B	1591.8x	n/a
ADNOC	$15.1B	1.6x	12.8x
COSCO SHIPPING Energy	$14.8B	4.1x	10.0x
Sembcorp	$14.7B	3.0x	11.9x
ACCIONA Energía	$14.0B	4.0x	7.5x
Cosan	$13.9B	0.5x	3.5x
Nakilat	$12.6B	11.7x	15.3x
Plains GP Holdings	$12.6B	0.3x	4.4x
Grupo Energía Bogotá	$12.1B	5.4x	12.7x
Chuantou Energy	$12.0B	47.4x	14.1x
Jereh Group	$11.8B	5.1x	19.4x
Transocean	$11.3B	2.9x	8.3x
Keyera	$10.8B	2.1x	13.0x
National Fuel Gas	$10.7B	4.5x	7.3x
Spire	$10.6B	4.2x	12.4x
Siemens Energy India	$10.3B	11.4x	58.5x
China Oilfield Services	$10.2B	1.4x	5.9x
Ormat Technologies	$10.2B	10.5x	17.6x
Black Hills	$9.8B	4.2x	10.7x
Murphy USA	$9.7B	0.5x	9.8x
Frontline	$9.6B	7.7x	10.1x
Pennon Group	$9.5B	5.7x	14.2x
New Fortress Energy	$9.5B	4.7x	120.4x
New Jersey Resources	$9.3B	4.4x	13.2x
CMB.Tech	$9.1B	6.5x	11.7x
Royal Vopak	$9.0B	5.2x	7.9x
Southwest Gas Holdings	$8.7B	2.3x	9.8x
ONE Gas	$8.3B	3.3x	10.8x
China Resources Gas	$8.3B	0.6x	5.9x
Northland Power	$8.3B	4.8x	9.3x
Grupo Ultra	$8.0B	0.3x	6.5x
Subsea 7	$7.9B	1.1x	5.3x
Saipem	$7.8B	0.4x	3.9x
Noble Corp	$7.7B	2.4x	7.0x
Guangdong Investment	$7.5B	3.1x	6.0x
Gaztransport & Technigaz	$7.3B	7.7x	11.4x
Ampol	$7.1B	0.3x	7.2x
Kodiak Gas Services	$6.9B	5.3x	9.8x
DCC	$6.9B	0.3x	5.9x
Motor Oil (Hellas)	$6.9B	0.5x	5.2x
Contact Energy	$6.8B	3.4x	13.0x
Enagas	$6.7B	6.5x	8.5x
Adani Total Gas	$6.7B	12.2x	53.9x
Rubis	$6.1B	0.8x	7.0x
Auren Energia	$5.9B	2.5x	8.8x
Kunlun Energy	$5.8B	0.2x	2.6x
Viva Energy Australia	$5.8B	0.3x	12.1x
Yinson	$5.7B	4.7x	8.3x
Golar LNG	$5.6B	14.3x	22.2x
Redes Energéticas Nacionais	$5.6B	4.5x	9.2x
Worley	$5.6B	0.7x	7.9x
CNOOC Energy Technology	$5.5B	0.7x	5.4x
Pampa Energia	$5.5B	2.8x	5.9x
PrairieSky Royalty	$5.3B	14.9x	16.2x
Gibson Energy	$5.2B	0.7x	12.1x
Genesis Energy	$5.2B	3.3x	9.6x
Delek Logistics	$5.1B	4.9x	10.1x
Valaris	$4.8B	2.1x	7.9x
Promigas	$4.7B	n/a	n/a
Liberty Energy	$4.7B	1.2x	8.2x
Chesapeake Utilities	$4.6B	5.2x	14.7x
Transportadora de Gas del Sur	$4.5B	3.7x	7.1x
NGL Energy Partners	$4.5B	1.5x	7.0x
Northwest Natural Holdings	$4.5B	3.4x	10.2x
Jiangxi Jovo Energy Co	$4.3B	1.3x	13.1x
ALDREES Petroleum	$4.3B	0.6x	13.0x
Badger Meter	$4.2B	4.6x	19.3x
MyMesra	$4.1B	0.4x	8.3x
Alupar	$4.0B	n/a	n/a
Paz Retail And Energy	$4.0B	n/a	n/a
Centuri Holdings	$3.9B	1.4x	16.1x
Woqod	$3.9B	0.5x	16.0x
Toho Gas	$3.8B	1.0x	8.6x
Petronet LNG	$3.8B	0.7x	6.4x
Scorpio Tankers	$3.8B	4.2x	7.3x
MVV Energie	$3.8B	n/a	n/a
Secure Waste Infr	$3.6B	3.3x	10.0x
Global Partners	$3.6B	0.2x	9.5x
Oceaneering	$3.6B	1.3x	9.0x
Societatea Energetica	$3.6B	n/a	n/a
Tidewater	$3.5B	2.6x	6.0x
Topaz Energy	$3.5B	14.3x	14.5x
Cadeler	$3.5B	4.9x	7.5x
Equital	$3.5B	n/a	n/a
Borr Drilling	$3.5B	3.5x	7.4x
International Seaways	$3.4B	4.3x	7.5x
Technip Energies	$3.4B	0.4x	4.4x
Nofar Energy	$3.3B	n/a	n/a
TORM	$3.1B	3.5x	5.7x
Perusahaan Gas Negara	$3.1B	0.8x	3.5x
Arabian Drilling	$3.1B	3.3x	9.2x
NMDC Energy	$3.0B	0.7x	6.4x
Gujarat Gas	$3.0B	1.7x	14.4x
Nabors Industries	$2.9B	0.9x	3.1x
Petrol Group	$2.9B	0.4x	7.3x
Naturgy Brasil	$2.8B	n/a	n/a
Suburban Propane	$2.7B	1.9x	9.8x
DHT Holdings	$2.7B	7.3x	9.5x
Seadrill	$2.7B	1.9x	8.1x
TGS	$2.7B	1.7x	2.9x
Longshine Technology	$2.6B	3.8x	34.8x
Aegis Logistics	$2.6B	3.1x	19.0x
Fluence Energy	$2.5B	1.0x	91.7x
Nippon Gas	$2.2B	1.7x	10.8x
Indraprastha Gas	$2.2B	1.2x	9.6x
Excelerate Energy	$2.1B	1.9x	4.8x
ProFrac	$2.1B	1.1x	7.3x
Atlas Energy Solutions	$2.0B	1.8x	9.4x
Fugro	$2.0B	0.9x	6.5x
Bristow Group	$2.0B	1.3x	8.0x
Navigator Gas	$2.0B	3.6x	6.9x
COOEC	$1.9B	0.4x	3.2x
Enerya Enerji	$1.9B	n/a	n/a
Expro	$1.9B	1.2x	5.3x
Dor Alon Energy	$1.9B	n/a	n/a
World Kinect	$1.9B	0.1x	5.4x
Friedrich Vorwerk Group	$1.9B	2.3x	11.0x
Nanjing Tanker	$1.8B	2.2x	5.9x
Wood	$1.8B	0.4x	5.2x
Polenergia	$1.8B	1.7x	12.3x
Dorian LPG	$1.8B	4.3x	7.5x
National Gas	$1.8B	n/a	n/a
Tetra Technologies	$1.7B	2.7x	15.3x
Kimbell Royalty Partners	$1.7B	5.2x	6.3x
Select Water	$1.7B	1.2x	6.6x
Romande Energie	$1.7B	n/a	n/a
CrossAmerica Partners	$1.7B	0.5x	12.1x
Fluxys Belgium	$1.7B	2.3x	4.6x
Afriquia Gaz	$1.6B	1.5x	9.2x
Teekay Tankers	$1.6B	2.4x	5.4x
Helix Energy Solutions	$1.5B	1.2x	6.0x
Summit Midstream	$1.5B	2.7x	6.2x
ProPetro Holding	$1.5B	1.2x	8.0x
Gas Malaysia	$1.5B	0.7x	9.3x
Vivo Energy Mauritius	$1.4B	n/a	n/a
Bonheur	$1.4B	1.1x	3.7x
Paratus Energy Services	$1.4B	6.1x	5.6x
Nordic American Tankers	$1.3B	6.5x	13.0x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
RPC Inc.	$1.1B	0.7x	4.6x
Mahanagar Gas	$1.1B	1.3x	6.6x
Aygaz	$1.1B	0.5x	17.1x
Energiekontor	$1.0B	5.2x	11.2x
Indian Energy Exchange	$1.0B	15.7x	18.4x
Waaree RTL	$1.0B	n/a	n/a
CW Enerji	$920M	n/a	n/a
Exmar	$901M	n/a	n/a
Transrail Lighting	$819M	1.2x	10.2x
JANAF	$780M	n/a	n/a
Star Group	$770M	n/a	n/a
Next Geo	$676M	2.2x	8.4x
Fastned	$656M	4.1x	32.8x
Oil States International	$603M	0.9x	7.3x
thyssenkrupp nucera	$601M	0.7x	50.1x
Allego	$547M	n/a	n/a
EVgo	$517M	1.4x	-43.9x
Sterling and Wilson	$484M	0.6x	14.6x
Moreld	$468M	0.5x	3.0x
Capital	$450M	1.3x	5.8x
OPAL Fuels	$393M	1.1x	4.8x
Integrated Wind Solutions	$388M	3.1x	9.6x
RGC Resources	$373M	3.9x	n/a
Sinopec Kantons Holdings	$371M	n/a	n/a
Nine Energy Service	$363M	n/a	n/a
Ranger Energy Services	$361M	0.7x	5.2x
Ventura Offshore Holding	$358M	1.4x	4.1x
7C Solarparken	$339M	n/a	n/a
Studsvik	$333M	3.3x	25.3x
ChargePoint	$297M	0.7x	-3.3x
HMS Bergbau	$277M	0.2x	10.3x
CBH Engineering Holding	$196M	3.3x	18.7x
Arq	$178M	1.5x	11.9x
Entech	$166M	1.8x	41.8x
NextNRG	$158M	1.9x	n/a
Onde	$152M	n/a	n/a
Naas Technology	$137M	n/a	n/a
PRL Global	$133M	n/a	n/a
Enersense International	$108M	0.3x	3.3x
EiDF SOLAR	$97.1M	n/a	n/a
AJ Lucas Group	$92.2M	n/a	n/a
Blink Charging	$84.9M	0.8x	-1.5x
Solarium Green Energy	$50.8M	n/a	n/a
XCHG	$42.7M	n/a	n/a
Swift Energy Technology	$29.3M	n/a	n/a
Teekay	$16.1M	n/a	n/a
Mon Courtier Energie Gr	$10.2M	0.3x	3.2x
Mammoth Energy Services	$6.1M	n/a	n/a
Aker Carbon Capture	-$183M	n/a	n/a