October 2026
Largest Energy Production Public Companies in Greece
Benchmark revenue and EBITDA valuation multiples for public comps like
Public Power Corporation, Motor Oil (Hellas), HELLENiQ ENERGY, Tsakos Energy Navigation and Imperial Ptrl.
 | Public Power Corp SA is an integrated utility group engaged in electricity generation, distribution, and the sale of energy products and services. It operates in Greece, Romania, and North Macedonia, with renewable energy activities in Italy, Bulgaria, and Croatia. The company's operating segments are Generation, Distribution, Technology - Media and Communication, Transport, Sales and Trade. The majority of revenue is derived from the Generation segment, which includes the activity of generation from lignite units, oil stations, natural gas stations and RES, the activity of mining lignite to support the generation; and the activity of supply in Greece and Romania. | $25 | +45% | $15B | $19B | 1.8x | 9.2x | ||
| Motor Oil (Hellas) Corinth Refineries SA plays a role in the sectors of crude oil refining and marketing of petroleum products in Greece as well as the eastern Mediterranean region, supplying its customers with a wide range of quality products. The refinery, with its ancillary plants and fuel distribution facilities, forms the privately owned industrial complex in Greece. It serves petroleum marketing companies in Greece and internationally. The Group is active in four main operating business segments: Refining Activity, Fuels Marketing Activity, Power and Gas, and Other. It derives maximum revenue from Refining Activity. The firm derives the majority of its revenue from Foreign Sales. | $77 | +157% | $8.4B | $9.4B | 0.7x | 7.1x | ||
| HELLENiQ ENERGY Holdings SA is a holding company and provides administrative and financial services to its subsidiaries. The company operates in the energy sector predominantly in Greece, as well as in the wider South Eastern Europe / East Mediterranean region. Its segments include Refining, Supply and Trading, Production and Trading of Petrochemicals, Marketing (Domestic and International), Power (Renewable Energy Sources and Power & Gas), Exploration and Production of Hydrocarbons and Electromobility. The majority of the revenue is derived from the Refining segment. | $22 | +149% | $6.7B | $9.3B | 0.7x | 11.9x | ||
| Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company’s carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements. | $51 | +110% | $1.5B | $3B | 3.8x | 7.2x | ||
| Imperial Petroleum Inc is a provider of international seaborne transportation services to oil producers, refineries, and commodities traders. It owns and operates a fleet of six medium-range product tankers that carry refined petroleum products such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals. | $5 | -12% | $221M | - | - | - | ||
| Pyxis Tankers Inc is an international maritime transportation company focused on mid-sized eco-vessels for the product tanker and dry-bulk sectors. It owns a fleet that comprises double-hull product tankers employed under a mix of short- and medium-term time charters and spot charters. The fleet owned by the company includes Konkar Ormi, Pyxis Lamda, Konkar Venture, Pyxis Karteria, and others. Each of the vessels in the fleet is capable of transporting refined petroleum products, such as naphtha, gasoline, jet fuel, kerosene, diesel, fuel oil, and other liquid bulk items, such as vegetable oils and organic chemicals. The company operates under two reportable segments, Tanker Vessels, which derive maximum revenue, and Dry-bulk Vessels. | $8 | +177% | $77M | $109M | 2.8x | 8.3x | ||
| Elinoil Hellenic Petroleum Co SA is engaged in the production and marketing of liquid fuels, lubricants, gases, solid fuels and all types of related products. The company markets, refines, and produces petroleum products with chemicals and petrochemicals. | $2 | -27% | $50M | $56M | - | - | ||
| Revoil SA is an oil products reseller. The company's operation includes buying oil products from refineries and selling them as a wholesaler and as a retailer. It also offers petrol, diesel, heating oil, lubricants for petrol and diesel engines. | $2 | +3% | $44M | $46M | - | - | ||
| Median | $15 | +78% | $881M | $3B | 1.8x | 8.3x |
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