Australian (ASX) Oil and Gas Industry Analysis

Industry Valuation and Performance

Has the Australian Oil and Gas Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 09 May 2026	AU$135.3b	AU$101.7b	AU$4.9b	15.7x	27.5x	1.3x
Mon, 06 Apr 2026	AU$151.0b	AU$103.0b	AU$5.2b	16.8x	29.3x	1.5x
Wed, 04 Mar 2026	AU$136.0b	AU$102.7b	AU$5.4b	21.1x	25x	1.3x
Fri, 30 Jan 2026	AU$124.2b	AU$108.3b	AU$6.5b	15.2x	19.2x	1.1x
Sun, 28 Dec 2025	AU$111.3b	AU$109.7b	AU$6.7b	13x	16.5x	1x
Tue, 25 Nov 2025	AU$113.2b	AU$110.9b	AU$7.0b	13.2x	16.2x	1x
Thu, 23 Oct 2025	AU$109.2b	AU$110.7b	AU$7.0b	12.9x	15.7x	1x
Sat, 20 Sep 2025	AU$110.7b	AU$110.2b	AU$7.0b	13.7x	15.7x	1x
Mon, 18 Aug 2025	AU$121.8b	AU$112.7b	AU$9.0b	13.9x	13.6x	1.1x
Wed, 16 Jul 2025	AU$115.5b	AU$112.2b	AU$8.9b	15x	12.9x	1x
Fri, 13 Jun 2025	AU$107.6b	AU$112.4b	AU$9.0b	13.9x	12x	1x
Sun, 11 May 2025	AU$97.8b	AU$112.8b	AU$9.1b	13.2x	10.7x	0.9x
Tue, 08 Apr 2025	AU$87.3b	AU$114.7b	AU$9.6b	13.8x	9.1x	0.8x
Thu, 06 Mar 2025	AU$106.6b	AU$113.4b	AU$9.2b	13.2x	11.6x	0.9x
Sat, 01 Feb 2025	AU$117.6b	AU$112.2b	AU$6.5b	12.8x	18.2x	1x
Mon, 30 Dec 2024	AU$112.6b	AU$112.2b	AU$6.5b	11.9x	17.4x	1x
Wed, 27 Nov 2024	AU$112.0b	AU$110.8b	AU$6.2b	12.8x	18x	1x
Fri, 25 Oct 2024	AU$115.6b	AU$110.1b	AU$6.1b	11.9x	18.9x	1x
Sun, 22 Sep 2024	AU$113.6b	AU$109.5b	AU$6.0b	9.6x	19.1x	1x
Tue, 20 Aug 2024	AU$123.6b	AU$112.1b	AU$7.2b	7.4x	17.1x	1.1x
Thu, 18 Jul 2024	AU$135.9b	AU$112.1b	AU$7.4b	6.8x	18.5x	1.2x
Sat, 15 Jun 2024	AU$128.7b	AU$112.6b	AU$7.4b	8.3x	17.3x	1.1x
Mon, 13 May 2024	AU$136.4b	AU$112.7b	AU$7.4b	7x	18.3x	1.2x
Wed, 10 Apr 2024	AU$137.4b	AU$112.6b	AU$7.4b	7.8x	18.5x	1.2x
Fri, 08 Mar 2024	AU$132.8b	AU$113.5b	AU$7.9b	10.9x	16.7x	1.2x
Sun, 04 Feb 2024	AU$144.7b	AU$129.2b	AU$19.5b	6.1x	7.4x	1.1x
Tue, 02 Jan 2024	AU$135.6b	AU$127.4b	AU$18.9b	5.6x	7.2x	1.1x
Thu, 30 Nov 2023	AU$130.6b	AU$128.5b	AU$19.2b	5.6x	6.8x	1x
Sat, 28 Oct 2023	AU$142.3b	AU$130.2b	AU$19.8b	5.6x	7.2x	1.1x
Mon, 25 Sep 2023	AU$143.3b	AU$129.6b	AU$19.7b	4.8x	7.3x	1.1x
Wed, 23 Aug 2023	AU$145.5b	AU$132.5b	AU$21.6b	7.1x	6.7x	1.1x
Fri, 21 Jul 2023	AU$139.1b	AU$126.4b	AU$22.7b	6.2x	6.1x	1.1x
Sun, 18 Jun 2023	AU$138.0b	AU$126.3b	AU$22.6b	6.6x	6.1x	1.1x
Tue, 16 May 2023	AU$145.7b	AU$129.3b	AU$24.1b	6.6x	6.1x	1.1x

Current Industry PE

Investors are optimistic on the Australian Oil and Gas industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 28.9x which is higher than its 3-year average PE of 14.4x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.

Past Earnings Growth

The earnings for companies in the Oil and Gas industry have declined 41% per year over the last three years,
Revenues have also declined 7.8% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Australian Energy industry?


AU Market	0.20%
Energy	-7.63%
Oil and Gas	-7.63%
Oil and Gas Storage and Transportation	12.50%
Oil and Gas Refining and Marketing	-6.69%
Coal and Fuels	-6.74%
Oil and Gas Exploration and Production	-8.06%

Industry PE

Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 15.9x.

Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 63.8% per year.

Forecasted Growth

Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 107% over the next 5 years.

In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings grow by 8.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
PDN Paladin Energy	AU$12.49	4.3% +AU$233.7m	96.1%	PS17x
BTL Beetaloo Energy Australia	AU$0.31	5.1% +AU$22.3m	72.2%	PB3x
EDE Eden Innovations	AU$0.22	15.8% +AU$17.4m	1,000.0%	PS56.8x
CVN Carnarvon Energy	AU$0.12	4.5% +AU$10.4m	15.0%	PB0.9x
TER TerraCom	AU$0.073	5.8% +AU$7.3m	25.9%	PS0.6x

Yancoal Australia Ltd (ASX:YAL) entered into a binding sale and purchase agreement to acquire Kestrel Coal Group Pty Ltd from EMR Capital Advisors Pty Ltd. and Adaro Capital Limited for $2.4 billion.

Yancoal Australia Ltd (ASX:YAL) entered into a binding sale and purchase agreement to acquire Kestrel Coal Group Pty Ltd from EMR Capital Advisors Pty Ltd. and Adaro Capital Limited for $2.4 billion on April 14, 2026. A cash consideration of $1.85 billion will be paid by Yancoal Australia Ltd. Yancoal Australia Ltd will pay an earnout/contingent payment of $550 million cash subject to benchmark pricing exceeding agreed thresholds. As part of consideration, $2.4 billion is paid towards common equity of Kestrel Coal Group Pty Ltd. Yancoal Australia Ltd will acquire the warrants of Kestrel Coal Group Pty Ltd from EMR Capital Management Limited. The total consideration is subject to adjustments. Yancoal Australia Ltd plans to finance the transaction using a mix of its available cash, a $1.2 billion five-year syndicated acquisition loan, and, for the contingent consideration, cash flows generated by the expanded Yancoal Australia Ltd business over the first five years following the transaction's completion. For the period ending December 31, 2025, Kestrel Coal Group Pty Ltd reported net income of $18.1 million. As of December 31, 2025, Kestrel Coal Group Pty Ltd reported total common equity of $1.5 billion. The transaction is subject to approval of offer / merger by parent shareholders and approval by Australian Competition And Consumer Commission, The Foreign Investment Review Board, National Development and Reform Commission, Department Of Commerce Of Shandong, and State Administration for Market Regulation Offshore Merger Control Clearances. The deal has been approved by the shareholders of Yankuang Energy Group Company Limited. The expected completion of the transaction is towards the end of the September 2026. UBS Securities Australia and UBS AG Hong Kong Branch acted as financial advisor for Yancoal Australia Ltd. Gilbert and Tobin and Freshfields LLP acted as legal advisor for Yancoal Australia Ltd.

Australian (ASX) Oil and Gas Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

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New major risk - Shareholder dilution

New minor risk - Market cap size

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Eden Innovations Ltd has filed a Follow-on Equity Offering in the amount of AUD 4.05 million.

Yancoal Australia Ltd (ASX:YAL) entered into a binding sale and purchase agreement to acquire Kestrel Coal Group Pty Ltd from EMR Capital Advisors Pty Ltd. and Adaro Capital Limited for $2.4 billion.

New minor risk - Market cap size