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U.S. Oil and Gas Storage and Transportation Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies65
  • 7D1.8%
  • 3M-2.8%
  • 1Y-3.6%
  • YTDn/a

In the last week, the Oil and Gas Storage and Transportation industry is up 1.8%, with Kinder Morgan leading the way with a 3.6% gain. In the past year, the industry is down 3.6%. Looking forward, earnings are forecast to grow by 9.3% annually.

Industry Valuation and Performance

Has the U.S. Oil and Gas Storage and Transportation Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025US$539.4bUS$384.3bUS$32.8b12.7x16.4x1.4x
Sat, 22 Nov 2025US$539.6bUS$384.6bUS$33.1b13x16.3x1.4x
Mon, 20 Oct 2025US$530.0bUS$382.8bUS$31.7b12.9x16.7x1.4x
Wed, 17 Sep 2025US$548.9bUS$382.9bUS$31.6b13.5x17.3x1.4x
Fri, 15 Aug 2025US$546.2bUS$383.0bUS$32.0b13.3x17.1x1.4x
Sun, 13 Jul 2025US$547.1bUS$385.3bUS$31.6b16.1x17.3x1.4x
Tue, 10 Jun 2025US$561.2bUS$385.0bUS$31.6b14.7x17.8x1.5x
Thu, 08 May 2025US$534.7bUS$386.4bUS$32.3b12.4x16.6x1.4x
Sat, 05 Apr 2025US$564.7bUS$381.1bUS$32.4b12.1x17.4x1.5x
Mon, 03 Mar 2025US$586.0bUS$381.4bUS$33.4b12.9x17.6x1.5x
Wed, 29 Jan 2025US$585.9bUS$388.5bUS$34.7b13.9x16.9x1.5x
Fri, 27 Dec 2024US$567.3bUS$388.4bUS$34.6b12.8x16.4x1.5x
Sun, 24 Nov 2024US$598.3bUS$388.3bUS$34.7b13.3x17.3x1.5x
Tue, 22 Oct 2024US$525.5bUS$385.0bUS$35.0b11.7x15x1.4x
Thu, 19 Sep 2024US$503.5bUS$385.0bUS$34.9b11.8x14.4x1.3x
Sat, 17 Aug 2024US$489.6bUS$385.0bUS$34.9b11.9x14x1.3x
Mon, 15 Jul 2024US$495.4bUS$377.4bUS$34.9b12.5x14.2x1.3x
Wed, 12 Jun 2024US$477.3bUS$377.9bUS$35.2b12.4x13.6x1.3x
Fri, 10 May 2024US$468.3bUS$378.4bUS$35.1b12.5x13.4x1.2x
Sun, 07 Apr 2024US$472.6bUS$377.7bUS$39.9b11.8x11.8x1.3x
Tue, 05 Mar 2024US$443.5bUS$377.7bUS$40.3b11.1x11x1.2x
Thu, 01 Feb 2024US$461.8bUS$408.1bUS$44.8b11.3x10.3x1.1x
Sat, 30 Dec 2023US$453.2bUS$407.7bUS$44.5b11x10.2x1.1x
Mon, 27 Nov 2023US$456.7bUS$407.7bUS$44.6b11.7x10.3x1.1x
Wed, 25 Oct 2023US$443.5bUS$429.4bUS$41.0b11.1x10.8x1x
Fri, 22 Sep 2023US$424.3bUS$430.6bUS$41.0b11.2x10.3x1x
Sun, 20 Aug 2023US$424.8bUS$430.4bUS$40.9b10.8x10.4x1x
Tue, 18 Jul 2023US$412.5bUS$467.8bUS$40.2b10.5x10.3x0.9x
Thu, 15 Jun 2023US$397.8bUS$467.8bUS$40.2b10.2x9.9x0.9x
Sat, 13 May 2023US$393.4bUS$467.3bUS$40.5b9.1x9.7x0.8x
Mon, 10 Apr 2023US$367.8bUS$446.4bUS$30.1b10.7x12.2x0.8x
Wed, 08 Mar 2023US$376.7bUS$445.7bUS$30.0b10.7x12.6x0.8x
Fri, 03 Feb 2023US$381.3bUS$443.4bUS$26.1b12.4x14.6x0.9x
Sun, 01 Jan 2023US$365.4bUS$441.6bUS$25.3b11.8x14.4x0.8x
Price to Earnings Ratio

14.4x


Total Market Cap: US$365.4bTotal Earnings: US$25.3bTotal Revenue: US$441.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Oil and Gas Storage and Transportation Industry Price to Earnings3Y Average 13.9x202320242025
Current Industry PE
  • Investors are optimistic on the American Oil and Gas Storage and Transportation industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.4x which is higher than its 3-year average PE of 13.9x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Storage and Transportation industry have grown 9.0% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.5% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Comparison

How does U.S. Oil and Gas Storage and Transportation compare with similar industries?

US Market2.62%
Energy2.23%
Oil and Gas2.27%
Oil and Gas Storage and Transportation1.75%
Coal and Fuels7.50%
Integrated Oil and Gas3.51%
Oil and Gas Exploration and Production2.29%
Oil and Gas Refining and Marketing-2.20%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
KMI Kinder MorganUS$27.192.0%
+US$1.2b		-0.5%PE22.3x
WMB Williams CompaniesUS$59.461.1%
+US$757.2m		8.9%PE30.7x
TRGP Targa ResourcesUS$183.730.7%
+US$291.9m		1.7%PE24.4x
DTM DT MidstreamUS$120.551.6%
+US$195.2m		17.6%PE30.4x
OKE ONEOKUS$73.240.3%
+US$119.6m		-28.3%PE13.8x

Latest News

DHT
US$12.11
DHT Holdings
7D
-4.3%
1Y
28.1%

Investors Continue Waiting On Sidelines For DHT Holdings, Inc. (NYSE:DHT)

Dec 24
Investors Continue Waiting On Sidelines For DHT Holdings, Inc. (NYSE:DHT)
INSW
US$48.01
International Seaways
7D
-2.2%
1Y
30.0%

INSW: Dividend And Cash Flow Strength Will Support Future Upside Despite Hold Rating

Analysts lifted their average price target on International Seaways by approximately $1 to about $59 per share. This reflects a modest increase in fair value despite expectations for softer revenue growth, lower profit margins, and a higher forward earnings multiple following recent rating changes on the stock.
OKE
US$73.24
ONEOK
7D
0.3%
1Y
-28.3%

OKE: Future Synergy Delivery Will Drive Multiple Stabilization And Cash Return Upside

Analysts have nudged their price targets on ONEOK slightly lower, trimming them by about $5 per share to reflect modestly higher discount rate assumptions and a wait and see stance on synergy realization and multiple stabilization following recent acquisitions. Analyst Commentary Recent Street commentary reflects a more balanced stance on ONEOK, with valuation resetting modestly lower even as long term growth and synergy narratives remain intact.
DTM
US$120.55
DT Midstream
7D
1.6%
1Y
17.6%

Some Investors May Be Worried About DT Midstream's (NYSE:DTM) Returns On Capital

Dec 20
Some Investors May Be Worried About DT Midstream's (NYSE:DTM) Returns On Capital
KNTK
US$35.73
Kinetik Holdings
7D
3.5%
1Y
-38.1%

KNTK: New Permian Gas Takeaway Will Support Future Cash Returns

Analysts have trimmed their average price target on Kinetik Holdings by about $6 per share to roughly the mid $40s, citing softer Q3 results, reduced near term EBITDA expectations, and commodity price driven volume headwinds, partly offset by anticipated long term benefits from new Permian gas takeaway capacity. Analyst Commentary Recent Street research reflects a mixed but still generally constructive outlook on Kinetik Holdings, with multiple firms lowering price targets into the mid to high $40s while maintaining positive ratings.
AM
US$17.88
Antero Midstream
7D
1.2%
1Y
16.9%

AM: Share Repurchases And Stable Margins Will Support Measured Future Returns

Analysts modestly raised their price target on Antero Midstream to align more closely with an updated fair value of 18.64 dollars, citing stronger long term revenue growth expectations that more than offset a slight compression in projected profit margins. What's in the News Completed share repurchase of 6,933,054 shares, or approximately 1.44% of outstanding shares, under the buyback program announced on February 14, 2024 (company filing) Between July 1, 2025 and September 30, 2025, repurchased 2,315,719 shares, or about 0.48% of outstanding shares, for a total consideration of 41.33 million dollars (company filing) Total capital returned via the completed buyback reached 115 million dollars, reflecting the company’s stated focus on shareholder returns (company filing) Valuation Changes Fair Value: Unchanged at approximately 18.64 dollars per share, indicating no revision to the long term intrinsic value estimate.
STNG
US$51.01
Scorpio Tankers
7D
-1.6%
1Y
2.5%

STNG: Product Tanker Supply Tightness Will Drive Stronger Earnings Power Ahead

Scorpio Tankers' updated fair value estimate has risen to approximately $80 per share from about $75, as analysts lift price targets into the $70 to $80 range. This increase is driven by stronger ton-mile demand, a favorable product tanker supply and demand backdrop, and ongoing fleet optimization that supports higher long term earnings multiples despite modestly lower near term growth and margin assumptions.
FRO
US$21.43
Frontline
7D
-6.5%
1Y
49.3%

FRO: Winter Tanker Market Will Drive Upside For VLCC Heavy Fleet

Analysts have lifted their price target on Frontline to $30.00 from $25.00, citing a promising winter tanker market setup and expectations that the company’s modern, VLCC heavy fleet will outperform smaller tankers, supporting stronger margins and earnings. Analyst Commentary Bullish analysts are highlighting Frontline as a key beneficiary of what they view as a constructive winter tanker market, pointing to strong fundamentals and improving earnings visibility.
WMB
US$59.46
Williams Companies
7D
1.1%
1Y
8.9%

WMB: Future Data Center And LNG Projects Will Drive Balanced Risk Reward

Analysts have raised their price targets for Williams Companies, which has driven our fair value estimate higher to about $54.55 from roughly $49.47. They highlight accelerating long term EBITDA growth, incremental project contributions, and increasing confidence that the company is well positioned to benefit from growing global natural gas infrastructure demand.
LPG
US$24.14
DorianG
7D
-3.9%
1Y
-0.9%

LPG: Special Dividend Will Drive Shareholder Returns Into 2025

Analysts have modestly reduced their price target on DorianG to approximately $31.75 per share, down from about $33.20. They cite slightly softer revenue growth assumptions, which are partly offset by a marginally improved profit margin outlook and a lower future earnings multiple.
NFE
US$1.15
New Fortress Energy
7D
-11.5%
1Y
-92.1%

NFE: Puerto Rico LNG Deal Will Ultimately Prove Priced Too Optimistically

Analysts have raised their price target on New Fortress Energy by updating their valuation inputs, citing expectations for stronger revenue growth, improved profit margins, and a lower discount rate. Together, these factors support a higher fair value per share in dollar terms.
TRGP
US$183.73
Targa Resources
7D
0.7%
1Y
1.7%

TRGP: Expanded Permian Volumes Will Support Future Cash Returns And Buybacks

Analysts have trimmed their average price targets on Targa Resources by a few dollars per share to roughly the high $180s to low $200s range, reflecting modestly softer macro assumptions. At the same time, they highlight the company's diversified midstream footprint, resilient Permian growth outlook, and improving cash return profile.
FLNG
US$24.34
FLEX LNG
7D
-4.4%
1Y
11.0%

FLNG: Future Cash Generation And Capital Plans Will Support Balanced Outlook

Analysts have modestly raised their price target on FLEX LNG to approximately 25.95 dollars from about 24.97 dollars, citing slightly higher projected revenue growth, improved profit margins, and a marginally lower expected future P/E multiple. Together, these factors support a higher fair value despite a small uptick in the discount rate.
KMI
US$27.19
Kinder Morgan
7D
2.0%
1Y
-0.5%
NEXT
US$5.46
NextDecade
7D
5.2%
1Y
-21.7%
TK
US$9.11
Teekay
7D
-3.3%
1Y
34.2%

Teekay Corporation Ltd. (NYSE:TK) Stock Catapults 27% Though Its Price And Business Still Lag The Market

Nov 14
Teekay Corporation Ltd. (NYSE:TK) Stock Catapults 27% Though Its Price And Business Still Lag The Market