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Australian (ASX) Energy Sector Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies107
  • 7D-0.05%
  • 3M19.5%
  • 1Y51.1%
  • YTD26.4%

Over the last 7 days, the Energy industry has remained flat, although notably Yancoal Australia gained 6.7%. The past year has been better, since the industry has gained 51% in that time. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Australian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026AU$143.9bAU$102.1bAU$5.0b16.3x29x1.4x
Tue, 24 Mar 2026AU$149.3bAU$102.7bAU$5.1b15.9x29.1x1.5x
Thu, 19 Feb 2026AU$121.8bAU$108.3bAU$6.4b14.8x19.1x1.1x
Sat, 17 Jan 2026AU$115.5bAU$109.8bAU$6.7b13.2x17.1x1.1x
Mon, 15 Dec 2025AU$115.3bAU$110.0bAU$6.8b13.1x17x1x
Wed, 12 Nov 2025AU$118.4bAU$110.6bAU$6.9b13.5x17.1x1.1x
Fri, 10 Oct 2025AU$110.6bAU$110.3bAU$6.9b13x16.1x1x
Sun, 07 Sep 2025AU$118.9bAU$110.6bAU$7.2b14.7x16.5x1.1x
Tue, 05 Aug 2025AU$118.5bAU$112.7bAU$9.2b14.8x12.9x1.1x
Thu, 03 Jul 2025AU$114.2bAU$112.3bAU$8.9b13.4x12.8x1x
Sat, 31 May 2025AU$104.0bAU$113.0bAU$9.1b12.6x11.4x0.9x
Mon, 28 Apr 2025AU$93.3bAU$113.0bAU$9.2b13.4x10.2x0.8x
Wed, 26 Mar 2025AU$104.6bAU$113.4bAU$9.3b14.8x11.3x0.9x
Fri, 21 Feb 2025AU$109.6bAU$111.2bAU$6.8b12.9x16.1x1x
Sun, 19 Jan 2025AU$119.9bAU$112.3bAU$6.5b12.5x18.5x1.1x
Tue, 17 Dec 2024AU$111.1bAU$111.6bAU$6.4b11.1x17.5x1x
Thu, 14 Nov 2024AU$110.9bAU$110.8bAU$6.2b11.2x17.9x1x
Sat, 12 Oct 2024AU$121.1bAU$109.9bAU$6.1b12.5x20x1.1x
Mon, 09 Sep 2024AU$109.4bAU$110.4bAU$6.2b10.7x17.5x1x
Wed, 07 Aug 2024AU$121.1bAU$113.4bAU$7.5b7.5x16.1x1.1x
Fri, 05 Jul 2024AU$137.2bAU$112.6bAU$7.5b7.9x18.4x1.2x
Sun, 02 Jun 2024AU$134.6bAU$112.9bAU$7.5b9.2x17.9x1.2x
Tue, 30 Apr 2024AU$132.6bAU$113.3bAU$7.6b7.5x17.5x1.2x
Thu, 28 Mar 2024AU$136.5bAU$113.6bAU$7.6b6.8x17.9x1.2x
Sat, 24 Feb 2024AU$134.6bAU$122.6bAU$17.5b6.9x7.7x1.1x
Mon, 22 Jan 2024AU$139.3bAU$129.0bAU$19.4b5.9x7.2x1.1x
Wed, 20 Dec 2023AU$135.1bAU$128.2bAU$19.2b5.8x7.1x1.1x
Fri, 17 Nov 2023AU$134.3bAU$129.6bAU$19.6b5.2x6.9x1x
Sun, 15 Oct 2023AU$142.4bAU$131.0bAU$20.0b6.1x7.1x1.1x
Tue, 12 Sep 2023AU$147.6bAU$130.5bAU$20.0b4.1x7.4x1.1x
Thu, 10 Aug 2023AU$145.8bAU$128.5bAU$23.4b5.4x6.2x1.1x
Sat, 08 Jul 2023AU$133.2bAU$127.7bAU$23.1b5.5x5.8x1x
Mon, 05 Jun 2023AU$134.5bAU$128.1bAU$23.3b6.6x5.8x1x
Wed, 03 May 2023AU$147.2bAU$130.0bAU$24.3b6.6x6.1x1.1x
Price to Earnings Ratio

6.1x


Total Market Cap: AU$147.2bTotal Earnings: AU$24.3bTotal Revenue: AU$130.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Energy Sector Price to Earnings3Y Average 14.2x202420252026
Current Industry PE
  • Investors are optimistic on the Australian Energy 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 14.2x.
  • 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 Energy industry have declined 41% per year over the last three years,
  • Revenues have also declined 7.7% 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 sector?

AU Market-1.69%
Energy-0.047%
Energy Services6.51%
Oil and Gas-0.052%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 14.2x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings decline of 23.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 110% over the next 5 years.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 14% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
YAL Yancoal AustraliaAU$7.186.7%
+AU$594.2m		47.4%PE21.5x
STO SantosAU$7.791.8%
+AU$453.6m		32.5%PE22.1x
ALD AmpolAU$34.203.9%
+AU$302.6m		52.5%PE98.9x
OMA Omega Oil & GasAU$1.0517.3%
+AU$72.6m		346.8%PB4.5x
KAR Karoon EnergyAU$2.244.7%
+AU$71.1m		61.2%PE9.1x

Latest News

ALD
AU$34.20
Ampol
7D
3.9%
1Y
52.5%

ALD: Future Returns Will Rely On Upcoming Dividend And Steady Earnings Expectations

Ampol's analyst price target has shifted from A$34.64 to A$36.26, with analysts pointing to updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple as the key drivers of this change. What's in the News Ampol declared an ordinary fully franked dividend of A$0.60 per share for the six months ended December 31, 2025, giving investors clarity on upcoming cash distributions (Key Developments).
OMA
AU$1.05
Omega Oil & Gas
7D
17.3%
1Y
346.8%
BTL
AU$0.30
Beetaloo Energy Australia
7D
-4.8%
1Y
76.5%
NHC
AU$5.33
New Hope
7D
0.9%
1Y
46.4%

NHC: Dividends And Buyback Will Support Fairly Valued Coal Producer

Analysts have modestly raised their price target for New Hope to A$5.17 from A$5.03, reflecting updated assumptions for slightly higher revenue growth, stronger profit margins, and a lower future P/E multiple. What's in the News New Hope declared a fully franked interim ordinary cash dividend of A$0.10 per share for the six months to January 31, 2026.
PDN
AU$12.61
Paladin Energy
7D
-13.3%
1Y
126.8%

PDN: Outperform Upgrade And EIS Approval Will Support Future Upside

Analysts have trimmed their fair value estimate for Paladin Energy from about A$17.49 to A$17.11, citing updated cost assumptions at Langer Heinrich, as well as expectations for stronger revenue growth, higher profit margins, and a lower future P/E multiple. Analyst Commentary Recent Street research reflects a more constructive tone on Paladin Energy, with bullish analysts pointing to valuation support and updated cost assumptions at Langer Heinrich as key drivers behind their views.
WHC
AU$7.93
Whitehaven Coal
7D
-0.9%
1Y
64.5%

WHC: Commodity Deck Reset And Buybacks Will Shape Balanced Risk Profile

Analysts have lowered their price target on Whitehaven Coal to A$10.00 from A$11.00. This reflects updated commodity price assumptions, along with slightly higher fair value, revenue growth and profit margin inputs, as well as a lower forward P/E in their models.
WDS
AU$32.61
Woodside Energy Group
7D
-0.4%
1Y
63.0%

Woodside Energy Group (WDS): The LNG Vanguard and the Pivot to Trans-Pacific Energy Connectivity

Woodside Energy Group (WDS) , Australia’s premier independent energy pioneer, enters Sunday, April 19, 2026 , in a high-conviction phase of global project execution. Trading at $34.93 AUD after a resilient week on the ASX, the stock is currently consolidating near its 52-week highs as it prepares for its Q1 2026 earnings release on Wednesday, April 29.
VEA
AU$2.40
Viva Energy Group
7D
-5.1%
1Y
45.5%

VEA: Dividend Timeline And Updated Assumptions Will Shape Future Returns

Analysts have adjusted their price target for Viva Energy Group slightly higher to A$2.66 from A$2.62. This reflects updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations.
KAR
AU$2.24
Karoon Energy
7D
4.7%
1Y
61.2%

KAR: Higher Margins And New CFO Hire Will Support Measured Outlook

Analysts have lifted their A$ fair value estimate for Karoon Energy from A$1.95 to about A$2.24, citing updated assumptions for a smaller revenue decline, higher profit margins, and a lower forward P/E multiple. What's in the News Karoon Energy appointed Eric Williams as Chief Financial Officer, effective 23 March 2026, succeeding Ray Church after more than 4.5 years in the role (Key Developments).
BPT
AU$1.22
Beach Energy
7D
1.7%
1Y
5.2%

BPT: Higher Output Guidance And Dividend Policy Will Support Future Upside

Analysts have lifted their price target on Beach Energy from A$2.03 to A$2.16, citing updated expectations for revenue, profit margin and future P/E assumptions. What's in the News Beach Energy declared a fully franked cash dividend of A$0.01 per share for the six months ended December 31, 2025, with an ex date of February 26, 2026, a record date of February 27, 2026, and a payment date of March 31, 2026 (Key Developments).
STO
AU$7.79
Santos
7D
1.8%
1Y
32.5%

STO: Future Upside Will Rely On Low Costs And Papua LNG Progress

Analysts have nudged their price targets for Santos higher, with fair value moving from A$8.49 to A$8.56. This reflects updated assumptions around revenue growth, margins and production outlook tied to recent research that highlights Santos' low cost model and planned production expansion supported by progress at Papua LNG.
YAL
AU$7.18
Yancoal Australia
7D
6.7%
1Y
47.4%
DYL
AU$2.00
Deep Yellow
7D
-1.7%
1Y
94.6%
BOE
AU$1.61
Boss Energy
7D
-6.1%
1Y
-43.3%
FDR
AU$0.58
Finder Energy Holdings
7D
-8.7%
1Y
1,314.6%
LOT
AU$1.49
Lotus Resources
7D
-6.6%
1Y
-24.0%