U.S. Energy Strong Balance Sheet Stocks

Ardmore Shipping

Market Cap: US$472.1m

Engages in the seaborne transportation of petroleum products and chemicals worldwide.

Biloxi Marsh Lands

Market Cap: US$4.7m

Engages in the exploration, development, and production of oil and natural gas properties.

Hugoton Royalty Trust

Market Cap: US$16.4m

Operates as an express trust in the United States.

Circle Energy

Market Cap: US$2.0m

Engages in the acquisition, exploration, and development of oil and natural gas properties in the United States.

Permianville Royalty Trust

Market Cap: US$65.5m

Operates as a statutory trust.

ECA Marcellus Trust I

Market Cap: US$10.4m

Owns royalty interests in producing wells and horizontal natural gas development wells for Energy Corporation of America (ECA).

North European Oil Royalty Trust

Market Cap: US$49.2m

A grantor trust, holds overriding royalty rights covering gas and oil production in various concessions or leases in the Federal Republic of Germany.

Lightbridge

Market Cap: US$392.1m

Engages in research, developing, and commercializing nuclear fuel.

MIND Technology

Market Cap: US$80.7m

Provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries in the United States, China, Norway, Turkey, Singapore, Canada, and internationally.

Mesa Royalty Trust

Market Cap: US$10.4m

Owns overriding royalty interests in various oil and gas producing properties in the United States.

National Energy Services Reunited

Market Cap: US$934.8m

Provides oilfield services in the Middle East and North Africa region.

Avance Gas Holding

Market Cap: US$1.9m

Engages in the transportation of liquefied petroleum gas (LPG) worldwide.

Imperial Petroleum

Market Cap: US$118.0m

Provides seaborne transportation services worldwide.

Liberty Energy

Market Cap: US$1.8b

Provides hydraulic fracturing services and related technologies to onshore oil and natural gas exploration, and production companies in North America.

Highwater Ethanol

Market Cap: US$74.9m

Produces and sells fuel ethanol and co-products of the fuel ethanol production process through third-party professional marketers in the continental United States.

Cross Timbers Royalty Trust

Market Cap: US$52.8m

Operates as an express trust in the United States.

PEDEVCO

Market Cap: US$55.9m

An oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States.

Clean Energy Technologies

Market Cap: US$16.7m

Designs, produces, and markets clean energy products and integrated solutions that focuses on energy efficiency and renewable energy in the United States and internationally.

NOV

Market Cap: US$4.9b

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.

Oceaneering International

Market Cap: US$2.4b

Provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries in the United States.

Sabine Royalty Trust

Market Cap: US$1.1b

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States.

Gulf Island Fabrication

Market Cap: US$108.4m

Operates as a fabricator of steel structures and modules in the United States.

Excelerate Energy

Market Cap: US$2.8b

Provides liquefied natural gas (LNG) solutions worldwide.

DorianG

Market Cap: US$1.4b

Engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide.

Select Water Solutions

Market Cap: US$1.0b

Provides water management and chemical solutions to the energy industry in the United States.

World Kinect

Market Cap: US$1.5b

Operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Flowco Holdings

Market Cap: US$1.5b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

ProPetro Holding

Market Cap: US$530.2m

Operates as an integrated oilfield services company.

EOG Resources

Market Cap: US$68.2b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Coterra Energy

Market Cap: US$18.7b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

DHT Holdings

Market Cap: US$1.9b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Innovex International

Market Cap: US$1.2b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Expro Group Holdings

Market Cap: US$1.4b

Provides energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific.

International Seaways

Market Cap: US$2.2b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

Scorpio Tankers

Market Cap: US$2.4b

Engages in the seaborne transportation of crude oil and refined petroleum products worldwide.

Leishen Energy Holding

Market Cap: US$92.1m

Through its subsidiaries, provides clean-energy equipment and integrated solutions for the oil and gas industry in the People’s Republic of China, Central Asia, and Southeast Asia.