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U.S. Energy Sector Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies435
  • 7D-1.1%
  • 3M-1.6%
  • 1Y27.3%
  • YTD24.2%

In the last week, Energy has been flat. As for the the longer term, the industry is up 27% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the U.S. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026US$2.9tUS$1.9tUS$125.1b16x23.3x1.5x
Wed, 13 May 2026US$2.9tUS$1.9tUS$124.4b16.7x23.5x1.5x
Fri, 10 Apr 2026US$3.0tUS$1.9tUS$130.6b17.2x22.8x1.6x
Sun, 08 Mar 2026US$2.9tUS$1.9tUS$130.6b17.9x22.1x1.5x
Tue, 03 Feb 2026US$2.6tUS$2.4tUS$161.9b16.4x16.2x1.1x
Thu, 01 Jan 2026US$2.3tUS$1.9tUS$126.3b14.9x18.5x1.3x
Sat, 29 Nov 2025US$2.3tUS$1.9tUS$124.8b15.5x18.7x1.3x
Mon, 27 Oct 2025US$2.3tUS$1.9tUS$126.9b14.6x18.1x1.2x
Wed, 24 Sep 2025US$2.3tUS$1.9tUS$125.9b13.7x18.3x1.2x
Fri, 22 Aug 2025US$2.2tUS$1.9tUS$126.2b13.1x17.7x1.2x
Sun, 20 Jul 2025US$2.2tUS$1.9tUS$132.0b12.1x16.8x1.2x
Tue, 17 Jun 2025US$2.3tUS$1.9tUS$134.4b12.7x17.4x1.2x
Thu, 15 May 2025US$2.3tUS$1.9tUS$135.2b12x16.7x1.2x
Sat, 12 Apr 2025US$2.0tUS$1.9tUS$143.8b11.3x14x1.1x
Mon, 10 Mar 2025US$2.3tUS$1.9tUS$144.3b12.4x15.8x1.2x
Wed, 05 Feb 2025US$2.4tUS$1.9tUS$157.2b12.5x15.2x1.2x
Fri, 03 Jan 2025US$2.3tUS$1.9tUS$158.3b11.9x14.4x1.2x
Sun, 01 Dec 2024US$2.5tUS$1.9tUS$158.5b12.4x15.7x1.3x
Tue, 29 Oct 2024US$2.3tUS$2.0tUS$173.0b11.3x13.5x1.2x
Thu, 26 Sep 2024US$2.3tUS$2.0tUS$172.6b11.2x13.5x1.2x
Sat, 24 Aug 2024US$2.3tUS$2.0tUS$172.2b11.3x13.2x1.2x
Mon, 22 Jul 2024US$2.3tUS$1.9tUS$176.1b11.7x13.3x1.2x
Wed, 19 Jun 2024US$2.2tUS$1.9tUS$176.1b11.1x12.5x1.1x
Fri, 17 May 2024US$2.3tUS$1.9tUS$175.1b11.3x13.4x1.2x
Sun, 14 Apr 2024US$2.5tUS$2.0tUS$206.1b10.8x12.1x1.3x
Tue, 12 Mar 2024US$2.3tUS$2.0tUS$206.9b9.2x11x1.2x
Thu, 08 Feb 2024US$2.1tUS$2.0tUS$218.4b8.6x9.8x1.1x
Sat, 06 Jan 2024US$2.3tUS$2.1tUS$242.2b8.6x9.4x1.1x
Mon, 04 Dec 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Wed, 01 Nov 2023US$2.3tUS$2.1tUS$251.4b8x9.1x1.1x
Fri, 29 Sep 2023US$2.5tUS$2.2tUS$272.7b7.8x9x1.1x
Sun, 27 Aug 2023US$2.3tUS$2.2tUS$272.6b7.5x8.5x1.1x
Tue, 25 Jul 2023US$2.6tUS$2.4tUS$317.6b7.2x8.2x1.1x
Thu, 22 Jun 2023US$2.4tUS$2.4tUS$315.7b6.9x7.7x1x
Price to Earnings Ratio

7.7x


Total Market Cap: US$2.4tTotal Earnings: US$315.7bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.3x which is higher than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 27% per year over the last three years,
  • Revenues have also declined 7.0% 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 U.S. Energy sector?

US Market0.50%
Energy-1.09%
Energy Services-0.26%
Oil and Gas-1.19%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.2x.
    • Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings decline of 26.2% per year.
  • Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.3x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 11% 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
TRGP Targa ResourcesUS$272.603.2%
+US$1.8b		59.0%PE27.6x
OKE ONEOKUS$90.592.8%
+US$1.5b		10.3%PE16.2x
KMI Kinder MorganUS$31.942.1%
+US$1.4b		15.5%PE21.5x
LNG Cheniere EnergyUS$241.282.0%
+US$978.6m		3.3%PE34.6x
FRO FrontlineUS$39.0711.6%
+US$903.8m		106.8%PE9.6x

Latest News

LNG
US$241.28
Cheniere Energy
7D
2.0%
1Y
3.3%
OKE
US$90.59
ONEOK
7D
2.8%
1Y
10.3%
FANG
US$192.13
Diamondback Energy
7D
-3.1%
1Y
27.2%
BKR
US$63.14
Baker Hughes
7D
-2.6%
1Y
61.9%
VG
US$13.08
Venture Global
7D
1.9%
1Y
-24.8%
PSX
US$179.45
Phillips 66
7D
-2.2%
1Y
45.2%
COP
US$116.98
ConocoPhillips
7D
-1.6%
1Y
23.1%
FRO
US$39.07
Frontline
7D
11.6%
1Y
106.8%
WMB
US$72.08
Williams Companies
7D
0.7%
1Y
21.9%
Seeking Alpha • Jun 10

The Williams Companies: Its Fundamentals Are Naturally Strong, But Valuation Still High

Summary The Williams Companies remains fundamentally robust, with strong pipeline management and operational efficiency supporting dividend sustainability. WMB's core operating revenue grew 9% YoY in Q1 2026, driven by strategic pipeline positioning and resilient natural gas demand. Valuation remains elevated, with DDM and P/E suggesting the stock is fully priced; technicals indicate flat momentum and increasing selling pressure. I reiterate a hold rating, as WMB is well-positioned for natural gas growth but lacks near-term upside at current levels. Read the full article on Seeking Alpha
EOG
US$136.65
EOG Resources
7D
-2.5%
1Y
10.9%
XOM
US$147.01
Exxon Mobil
7D
-3.1%
1Y
30.7%
CVX
US$187.22
Chevron
7D
-1.1%
1Y
28.2%
KMI
US$31.94
Kinder Morgan
7D
2.1%
1Y
15.5%
FTI
US$70.79
TechnipFMC
7D
3.0%
1Y
104.1%
Narrative Update • Jun 06

FTI: Subsea Order Cadence And Margin Gains Will Support Richer Future Pricing

Analysts have lifted the fair value estimate for TechnipFMC to $76.00 from $65.62, citing higher assumed revenue growth, slightly stronger profit margins, and a higher future P/E multiple. This outlook is supported by rising price targets that reference subsea order interest, margin expansion efforts, and recent earnings execution.
TRGP
US$272.60
Targa Resources
7D
3.2%
1Y
59.0%
Narrative Update • Jun 04

TRGP: Permian Volume Projects And Capex Discipline Will Shape Future Shareholder Returns

Analysts have raised the implied fair value estimate for Targa Resources to $283.90 from $266.80. Higher price targets, tied to updated expectations for revenue growth, profit margins and a modestly higher future P/E, reflect stronger assumptions around marketing, export activity and the current energy backdrop.
OXY
US$56.54
Occidental Petroleum
7D
-1.6%
1Y
24.7%