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U.S. Energy Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies418
  • 7D1.5%
  • 3M-0.7%
  • 1Y3.2%
  • YTD-1.7%

Over the last 7 days, the Energy industry has risen 1.3%, driven by gains from Exxon Mobil of 2.7%. Meanwhile, NextDecade actually underperformed within the industry, shrinking 36% in the last week. This takes the industry's 12 month performance to a gain of 4.2%. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025US$2.3tUS$1.9tUS$125.9b13.6x18.3x1.2x
Wed, 13 Aug 2025US$2.2tUS$1.9tUS$125.9b13.2x17.5x1.2x
Fri, 11 Jul 2025US$2.3tUS$1.9tUS$134.5b12.1x17.3x1.2x
Sun, 08 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.5x1.2x
Tue, 06 May 2025US$2.2tUS$1.9tUS$135.9b11.3x15.9x1.1x
Thu, 03 Apr 2025US$2.5tUS$1.9tUS$143.8b12.9x17x1.3x
Sat, 01 Mar 2025US$2.4tUS$1.9tUS$144.4b12.8x16.3x1.2x
Mon, 27 Jan 2025US$2.5tUS$1.9tUS$159.4b12.4x15.4x1.3x
Wed, 25 Dec 2024US$2.3tUS$1.9tUS$158.3b11.8x14.2x1.2x
Fri, 22 Nov 2024US$2.5tUS$1.9tUS$159.9b12.2x15.5x1.3x
Sun, 20 Oct 2024US$2.3tUS$2.0tUS$175.9b11.6x13.3x1.2x
Tue, 17 Sep 2024US$2.2tUS$2.0tUS$172.6b11.3x12.7x1.1x
Thu, 15 Aug 2024US$2.3tUS$2.0tUS$172.1b11x13.3x1.2x
Sat, 13 Jul 2024US$2.3tUS$1.9tUS$176.1b11.5x13x1.2x
Mon, 10 Jun 2024US$2.2tUS$1.9tUS$176.3b11.5x12.8x1.2x
Wed, 08 May 2024US$2.3tUS$1.9tUS$176.6b11x13.2x1.2x
Fri, 05 Apr 2024US$2.5tUS$2.0tUS$206.0b10.9x12.1x1.3x
Sun, 03 Mar 2024US$2.2tUS$2.0tUS$208.1b9.1x10.8x1.1x
Tue, 30 Jan 2024US$2.3tUS$2.1tUS$239.8b8.6x9.5x1.1x
Thu, 28 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.5x1.1x
Sat, 25 Nov 2023US$2.3tUS$2.1tUS$242.5b8.8x9.4x1.1x
Mon, 23 Oct 2023US$2.4tUS$2.2tUS$273.0b7.5x8.8x1.1x
Wed, 20 Sep 2023US$2.4tUS$2.2tUS$272.6b7.7x8.8x1.1x
Fri, 18 Aug 2023US$2.7tUS$2.2tUS$272.5b7.8x9.8x1.2x
Sun, 16 Jul 2023US$2.5tUS$2.4tUS$315.8b6.9x7.9x1.1x
Tue, 13 Jun 2023US$2.5tUS$2.4tUS$315.8b7.1x7.8x1x
Thu, 11 May 2023US$2.1tUS$2.4tUS$315.5b6.4x6.7x0.9x
Sat, 08 Apr 2023US$2.2tUS$2.4tUS$280.7b6.9x7.9x0.9x
Mon, 06 Mar 2023US$2.3tUS$2.4tUS$280.7b7.5x8.2x1x
Wed, 01 Feb 2023US$2.4tUS$2.3tUS$262.6b8.1x9.1x1x
Fri, 30 Dec 2022US$2.3tUS$2.3tUS$257.1b8.1x8.9x1x
Sun, 27 Nov 2022US$2.4tUS$2.3tUS$256.8b8.5x9.4x1.1x
Tue, 25 Oct 2022US$2.3tUS$2.1tUS$191.5b10.5x12.1x1.1x
Thu, 22 Sep 2022US$2.1tUS$2.1tUS$190.8b9.9x10.8x1x
Price to Earnings Ratio

10.8x


Total Market Cap: US$2.1tTotal Earnings: US$190.8bTotal Revenue: US$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 11.9x202320242025
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 18.3x which is higher than its 3-year average PE of 11.9x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 13% per year over the last three years,
  • Revenues have also declined 3.6% 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 Market1.57%
Energy1.48%
Oil and Gas1.54%
Energy Services0.87%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 35.9x.
    • Analysts are expecting annual earnings growth of 12.4%, which is higher than its past year's earnings decline of 4.3% 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 11.4x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Energy Services industry is expected to see its earnings grow by 12% 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
XOM Exxon MobilUS$112.162.7%
+US$12.5b		0.9%PE15.4x
CVX ChevronUS$157.112.2%
+US$7.0b		11.7%PE23.2x
KMI Kinder MorganUS$27.583.7%
+US$2.2b		30.5%PE22.6x
WMB Williams CompaniesUS$58.812.8%
+US$2.0b		30.6%PE29.6x
VG Venture GlobalUS$13.605.9%
+US$1.8b		n/aPE25.6x

Latest News

NEXT
US$6.84
NextDecade
7D
-36.0%
1Y
40.2%
VG
US$13.60
Venture Global
7D
5.9%
1Y
n/a
PSX
US$130.78
Phillips 66
7D
-0.6%
1Y
3.2%
XOM
US$112.16
Exxon Mobil
7D
2.7%
1Y
0.9%
SLB
US$35.57
Schlumberger
7D
-0.7%
1Y
-11.0%

Rising Global Energy Demand Will Drive Digital And Low-Carbon Expansion

Despite ongoing macro uncertainty, subdued international activity, and poor sector sentiment offset by optimism around AI-driven structural gains and potential sector re-rating, Schlumberger’s consensus analyst price target has been modestly raised from $45.43 to $46.69. Analyst Commentary Commodity headwinds and macro uncertainty, including OPEC+ developments, tariffs negotiations, and geopolitical risks, are restricting upside potential and leading to cautious customer activity.
CVX
US$157.11
Chevron
7D
2.2%
1Y
11.7%

Permian Production And Renewables Will Shape Enduring Value

Analysts have raised their price target for Chevron, citing resilient Q2 results, improved refining margins, strong resource depth, and long-term support from rising natural gas demand, partially offset by integration risks post-acquisition, resulting in a modest upward revision of fair value to $168.78. Analyst Commentary Bullish analysts highlight Chevron’s strong second-quarter results, demonstrating resilience and outperformance among integrated oil companies due to a diversified asset portfolio and reliable shareholder returns.
BKR
US$46.49
Baker Hughes
7D
2.0%
1Y
39.2%

Expanding Distributed Power And New Energy Will Define Long-Term Trends

Analysts have raised Baker Hughes’ price target slightly to $50.55, citing strong revenue growth and diversification in the IET segment, a transformative acquisition of Chart Industries, robust order backlog, and secular industry tailwinds, though some caution lingers due to oilfield services underperformance and regional uncertainties. Analyst Commentary Bullish analysts highlight Baker Hughes’ rapid expansion and revenue growth in its Industrial & Energy Technologies (IET) segment, now comprising a majority of total revenues, driven by strength in non-oil and gas end-markets.
WMB
US$58.81
Williams Companies
7D
2.8%
1Y
30.6%

Is Williams Companies (NYSE:WMB) Using Too Much Debt?

Sep 05
Is Williams Companies (NYSE:WMB) Using Too Much Debt?
GLNG
US$40.67
Golar LNG
7D
-8.0%
1Y
27.6%

Long-term FLNG Charters Will Fuel Enduring Global LNG Demand

As there was no analyst reasoning provided, it is notable that Golar LNG's key valuation metrics—including the consensus price target of $51.10 and a stable future P/E ratio—remained effectively unchanged, indicating steady sentiment on its fair value. What's in the News Southern Energy S.A. reached Final Investment Decision for chartering Golar’s 3.5MTPA MK II FLNG, resulting in a 20-year fixed net charter hire of $400M per year plus a commodity-linked tariff component, with operations to begin in Argentina during 2028, subject to regulatory approvals.
NFE
US$1.31
New Fortress Energy
7D
-46.5%
1Y
-88.9%

FLNG Asset And Brazilian Expansion Will Strengthen Future Business Prospects

Analysts remain divided on New Fortress Energy, with bears citing execution risks, market headwinds, and regulatory uncertainty, while bulls point to global expansion and expected revenue growth, resulting in an unchanged consensus price target of $4.92. Analyst Commentary Bearish analysts express concerns over New Fortress Energy's near-term growth prospects and execution risk, leading to a reduced price target.
FANG
US$136.88
Diamondback Energy
7D
-1.3%
1Y
-20.6%
TPL
US$937.17
Texas Pacific Land
7D
5.4%
1Y
15.8%
TRGP
US$166.38
Targa Resources
7D
2.5%
1Y
12.3%

Permian And Export Developments Will Drive Long-Term Success

Analysts have modestly raised their price target for Targa Resources to $207.95, citing strong fundamentals, resilient cash flows, and ongoing strength in Permian volumes, though some caution that substantial stock appreciation has fully reflected growth potential. Analyst Commentary Bullish analysts cite Targa’s strong fundamentals, resilient cash flows, and the ability to return capital to shareholders as reasons for increased price targets, especially given expectations for higher volumes and stable producer activity in the Permian.
EQT
US$50.94
EQT
7D
-1.3%
1Y
53.5%

EQT Corporation (NYSE:EQT) Shares Could Be 49% Below Their Intrinsic Value Estimate

Aug 17
EQT Corporation (NYSE:EQT) Shares Could Be 49% Below Their Intrinsic Value Estimate
KMI
US$27.58
Kinder Morgan
7D
3.7%
1Y
30.5%

Kinder Morgan (NYSE:KMI) Takes On Some Risk With Its Use Of Debt

Aug 17
Kinder Morgan (NYSE:KMI) Takes On Some Risk With Its Use Of Debt
COP
US$92.43
ConocoPhillips
7D
-0.6%
1Y
-10.7%