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	$246B	2.2x	12.2x
Enbridge	$184B	4.2x	12.9x
GE Vernova	$164B	4.4x	50.5x
Energy Transfer	$118B	1.5x	7.4x
Williams Companies	$105B	9.2x	13.6x
Enterprise Products	$104B	2.0x	10.6x
TC Energy	$102B	9.3x	12.8x
Siemens Energy	$101B	2.2x	21.0x
Kinder Morgan	$94.2B	5.6x	11.3x
Sempra	$91.9B	6.5x	15.8x
MPLX	$81.2B	6.3x	11.6x
ONEOK	$80.6B	2.4x	10.1x
Quanta Services	$74.1B	2.7x	26.5x
Targa Resources	$56.1B	3.3x	11.6x
Naturgy Energy Group	$43.9B	1.9x	7.1x
NRG Energy	$43.3B	1.4x	10.7x
Snam	$42.7B	9.6x	12.4x
E.ON	$42.2B	0.4x	3.8x
China Energy Engineering	$42.1B	0.6x	8.6x
RWE	$40.9B	1.5x	7.2x
Atmos Energy	$36.8B	7.6x	15.5x
NiSource	$35.5B	5.8x	12.4x
Xylem	$34.7B	3.9x	17.5x
Pembina Pipeline	$33.9B	6.2x	10.9x
Orlen	$33.1B	0.4x	3.3x
Korea Gas	$26.5B	1.1x	9.0x
Towngas	$23.9B	3.3x	15.0x
Western Midstream	$23.1B	6.0x	9.2x
Neste	$21.5B	1.0x	12.4x
Brookfield Renewable	$21.4B	3.7x	7.7x
Plains All American Pipeline	$21.0B	0.4x	7.3x
TechnipFMC	$19.1B	1.9x	10.6x
Brookfield Infrastructure	$18.8B	n/a	n/a
Essential Utilities	$18.7B	8.0x	15.1x
Adani Energy Solutions	$17.4B	6.1x	17.5x
APA Group	$16.9B	7.9x	12.3x
Quinenco	$15.5B	1622.3x	n/a
ADNOC	$14.5B	1.5x	12.5x
Sembcorp	$14.4B	2.9x	11.5x
Cosan	$14.1B	0.5x	3.5x
ACCIONA Energía	$13.7B	4.0x	7.6x
China Merchants Energy	$12.8B	3.4x	8.6x
Plains GP Holdings	$12.2B	0.3x	4.3x
Chuantou Energy	$12.2B	49.3x	14.7x
Nakilat	$11.9B	11.4x	14.8x
Siemens Energy India	$11.9B	13.1x	67.2x
COSCO SHIPPING Energy	$11.0B	3.2x	7.5x
Keyera	$10.3B	2.0x	12.5x
Transocean	$10.3B	2.6x	7.7x
Spire	$10.3B	4.1x	12.1x
National Fuel Gas	$10.2B	4.3x	7.0x
Murphy USA	$10.1B	0.5x	10.2x
Black Hills	$9.6B	4.2x	10.6x
New Fortress Energy	$9.6B	4.8x	84.4x
Jereh Group	$9.6B	4.1x	15.9x
Ormat Technologies	$9.5B	9.9x	16.5x
Pennon Group	$9.2B	5.7x	14.5x
China Oilfield Services	$9.2B	1.3x	5.4x
CMB.Tech	$8.7B	6.2x	11.3x
China Resources Gas	$8.7B	0.7x	6.2x
Southwest Gas Holdings	$8.4B	2.3x	10.0x
New Jersey Resources	$8.3B	4.0x	11.9x
Royal Vopak	$8.3B	4.9x	7.4x
Frontline	$8.3B	6.4x	8.6x
ONE Gas	$8.1B	3.2x	10.6x
Northland Power	$7.9B	4.6x	8.9x
DCC	$7.7B	0.3x	6.7x
Guangdong Investment	$7.4B	3.1x	5.9x
Adani Total Gas	$7.4B	13.3x	58.7x
Grupo Energía Bogotá	$7.3B	3.4x	8.2x
Ampol	$7.2B	0.3x	7.8x
Grupo Ultra	$7.1B	0.3x	5.8x
Gaztransport & Technigaz	$6.9B	7.4x	11.2x
Noble Corp	$6.7B	2.1x	6.1x
Enagas	$6.5B	6.4x	8.2x
Contact Energy	$6.5B	3.3x	12.9x
Subsea 7	$6.4B	0.9x	4.5x
Saipem	$6.2B	0.4x	3.2x
Auren Energia	$6.1B	2.7x	9.3x
Viva Energy Australia	$6.0B	0.3x	13.1x
Pampa Energia	$6.0B	3.1x	6.6x
Motor Oil (Hellas)	$6.0B	0.5x	4.9x
Rubis	$5.8B	0.7x	6.8x
Kodiak Gas Services	$5.8B	4.5x	8.2x
Worley	$5.5B	0.7x	8.1x
Redes Energéticas Nacionais	$5.3B	4.3x	8.9x
Golar LNG	$5.2B	13.5x	20.7x
Yinson	$5.1B	3.9x	7.3x
Badger Meter	$5.1B	5.5x	23.5x
Genesis Energy	$5.1B	3.0x	9.3x
Kunlun Energy	$5.1B	0.2x	2.3x
Gibson Energy	$5.0B	0.6x	11.7x
Transportadora de Gas del Sur	$4.9B	4.0x	7.7x
PrairieSky Royalty	$4.9B	13.7x	15.0x
CNOOC Energy Technology	$4.8B	0.6x	4.8x
Delek Logistics	$4.7B	4.6x	9.5x
Naturgy Brasil	$4.7B	n/a	n/a
Valaris	$4.7B	2.0x	7.8x
Chesapeake Utilities	$4.6B	5.3x	14.6x
ALDREES Petroleum	$4.5B	0.7x	13.8x
Promigas	$4.4B	n/a	n/a
Northwest Natural Holdings	$4.4B	3.4x	10.2x
NGL Energy Partners	$4.2B	1.4x	6.7x
MVV Energie	$3.9B	n/a	n/a
Alupar	$3.9B	n/a	n/a
Paz Retail And Energy	$3.8B	n/a	n/a
Liberty Energy	$3.8B	1.0x	6.4x
MyMesra	$3.8B	0.4x	7.8x
Woqod	$3.6B	n/a	n/a
Centuri Holdings	$3.6B	1.3x	14.7x
Topaz Energy	$3.6B	14.7x	14.9x
Global Partners	$3.6B	0.2x	9.3x
Secure Waste Infr	$3.5B	3.3x	9.7x
Petronet LNG	$3.5B	0.6x	5.8x
Equital	$3.4B	n/a	n/a
Technip Energies	$3.4B	0.4x	4.5x
Toho Gas	$3.3B	0.8x	7.3x
Scorpio Tankers	$3.1B	3.4x	5.6x
Tidewater	$3.1B	2.3x	5.3x
Oceaneering	$3.1B	1.1x	7.8x
Cadeler	$3.0B	4.6x	7.0x
Societatea Energetica	$3.0B	1.2x	7.1x
Jiangxi Jovo Energy Co	$3.0B	0.9x	9.3x
Borr Drilling	$3.0B	3.0x	6.4x
International Seaways	$2.9B	3.6x	6.3x
Arabian Drilling	$2.9B	3.2x	8.6x
Gujarat Gas	$2.9B	1.6x	13.6x
Fluence Energy	$2.8B	1.2x	111.2x
TORM	$2.8B	3.1x	4.9x
Aegis Logistics	$2.8B	3.4x	20.6x
Nabors Industries	$2.8B	0.9x	3.0x
Suburban Propane	$2.6B	1.8x	9.3x
Perusahaan Gas Negara	$2.6B	0.7x	2.9x
NMDC Energy	$2.6B	n/a	n/a
Indraprastha Gas	$2.5B	1.4x	10.7x
Petrol Group	$2.4B	n/a	n/a
TGS	$2.4B	1.6x	2.7x
Nofar Energy	$2.3B	n/a	n/a
Nippon Gas	$2.3B	1.8x	11.1x
Longshine Technology	$2.3B	3.3x	29.5x
DHT Holdings	$2.2B	6.0x	7.8x
Seadrill	$2.2B	1.6x	6.5x
Enerya Enerji	$2.1B	n/a	n/a
Navigator Gas	$1.9B	3.4x	6.7x
ProFrac	$1.9B	1.0x	6.3x
Excelerate Energy	$1.9B	1.8x	4.3x
Friedrich Vorwerk Group	$1.8B	2.4x	11.4x
Polenergia	$1.8B	1.7x	12.6x
Dor Alon Energy	$1.8B	n/a	n/a
Wood	$1.8B	0.4x	5.1x
Atlas Energy Solutions	$1.8B	1.6x	8.0x
Bristow Group	$1.7B	1.2x	7.0x
Expro	$1.7B	1.0x	4.7x
Fugro	$1.7B	0.8x	5.3x
World Kinect	$1.7B	0.0x	4.8x
Romande Energie	$1.7B	1.6x	10.5x
Kimbell Royalty Partners	$1.6B	5.0x	6.0x
CrossAmerica Partners	$1.6B	0.4x	11.6x
Afriquia Gaz	$1.6B	1.6x	9.5x
National Gas	$1.6B	n/a	n/a
Fluxys Belgium	$1.5B	2.1x	4.3x
Nanjing Tanker	$1.5B	1.9x	4.9x
Dorian LPG	$1.5B	3.7x	6.4x
Select Water	$1.5B	1.1x	5.9x
Summit Midstream	$1.5B	n/a	n/a
Vivo Energy Mauritius	$1.4B	n/a	n/a
Helix Energy Solutions	$1.4B	1.1x	5.3x
Paratus Energy Services	$1.3B	5.8x	5.6x
COOEC	$1.3B	0.3x	2.4x
Gas Malaysia	$1.3B	0.7x	8.3x
Indian Energy Exchange	$1.3B	19.5x	22.9x
Tetra Technologies	$1.3B	2.0x	11.4x
ProPetro Holding	$1.3B	1.0x	6.6x
Ahlatcı Doğal Gaz	$1.2B	n/a	n/a
RPC Inc.	$1.2B	0.7x	4.9x
Bonheur	$1.2B	1.0x	3.3x
Nordic American Tankers	$1.2B	5.7x	10.9x
Teekay Tankers	$1.2B	1.8x	3.9x
Mahanagar Gas	$1.1B	1.3x	6.8x
Waaree RTL	$1.1B	n/a	n/a
Aygaz	$1.0B	n/a	n/a
Energiekontor	$966M	5.1x	10.8x
Exmar	$906M	n/a	n/a
Transrail Lighting	$878M	1.3x	10.8x
CW Enerji	$858M	n/a	n/a
JANAF	$791M	n/a	n/a
Star Group	$656M	n/a	n/a
Fastned	$646M	4.2x	33.8x
Next Geo	$627M	2.1x	8.0x
Sterling and Wilson	$573M	0.7x	17.3x
EVgo	$542M	1.5x	-41.2x
Allego	$539M	n/a	n/a
Moreld	$477M	0.5x	3.2x
Oil States International	$465M	0.7x	5.7x
OPAL Fuels	$400M	1.2x	4.8x
thyssenkrupp nucera	$383M	0.4x	41.8x
Nine Energy Service	$383M	0.7x	8.2x
Capital	$382M	1.1x	4.9x
RGC Resources	$375M	3.9x	n/a
ChargePoint	$372M	0.9x	-4.0x
Sinopec Kantons Holdings	$362M	4.2x	2.4x
Integrated Wind Solutions	$357M	3.0x	10.0x
7C Solarparken	$336M	4.5x	6.2x
Ventura Offshore Holding	$328M	1.3x	3.9x
Ranger Energy Services	$304M	0.6x	4.4x
Studsvik	$268M	2.8x	22.0x
HMS Bergbau	$256M	0.1x	9.8x
NextNRG	$198M	2.5x	n/a
Arq	$189M	1.6x	13.0x
CBH Engineering Holding	$160M	2.7x	14.3x
Naas Technology	$146M	n/a	n/a
PRL Global	$145M	n/a	n/a
Onde	$145M	n/a	n/a
Entech	$139M	1.6x	37.6x
Blink Charging	$122M	1.2x	-2.2x
Enersense International	$111M	0.3x	3.5x
EiDF SOLAR	$108M	n/a	n/a
AJ Lucas Group	$88.8M	n/a	n/a
Solarium Green Energy	$70.3M	n/a	n/a
XCHG	$65.4M	n/a	n/a
Swift Energy Technology	$37.2M	n/a	n/a
Mon Courtier Energie Gr	$12.6M	0.4x	4.3x
Mammoth Energy Services	-$8.8M	-0.0x	n/a
Teekay	-$77.7M	n/a	n/a
Aker Carbon Capture	-$177M	-303.7x	23.3x