Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Energy Sector Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies438
  • 7D1.0%
  • 3M22.3%
  • 1Y18.2%
  • YTD19.0%

Over the last 7 days, the Energy industry has risen 1.0%, driven by gains from Occidental Petroleum of 13%. This means that the industry has gained 18% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Feb 2026US$2.8tUS$1.9tUS$130.6b17x21.4x1.5x
Wed, 21 Jan 2026US$2.5tUS$1.9tUS$126.3b16.7x19.6x1.3x
Fri, 19 Dec 2025US$2.3tUS$1.9tUS$126.2b14.4x18.3x1.2x
Sun, 16 Nov 2025US$2.4tUS$1.9tUS$125.4b15.7x18.9x1.3x
Tue, 14 Oct 2025US$2.2tUS$1.9tUS$125.9b13.5x17.7x1.2x
Thu, 11 Sep 2025US$2.3tUS$1.9tUS$125.9b13.7x18.1x1.2x
Sat, 09 Aug 2025US$2.2tUS$1.9tUS$126.1b13x17.7x1.2x
Mon, 07 Jul 2025US$2.3tUS$1.9tUS$134.5b12.3x17.2x1.2x
Wed, 04 Jun 2025US$2.2tUS$1.9tUS$134.4b11.7x16.2x1.1x
Fri, 02 May 2025US$2.1tUS$1.9tUS$139.7b11.2x15.2x1.1x
Sun, 30 Mar 2025US$2.4tUS$1.9tUS$143.8b12.9x16.8x1.3x
Tue, 25 Feb 2025US$2.4tUS$1.9tUS$150.0b13.3x16x1.3x
Thu, 23 Jan 2025US$2.5tUS$1.9tUS$158.7b12.5x15.6x1.3x
Sat, 21 Dec 2024US$2.2tUS$1.9tUS$158.3b11.6x13.9x1.1x
Mon, 18 Nov 2024US$2.4tUS$1.9tUS$159.9b12x15.2x1.3x
Wed, 16 Oct 2024US$2.3tUS$2.0tUS$175.8b11.3x13.3x1.2x
Fri, 13 Sep 2024US$2.2tUS$2.0tUS$172.6b11x12.6x1.1x
Sun, 11 Aug 2024US$2.3tUS$2.0tUS$172.4b10.9x13.3x1.2x
Tue, 09 Jul 2024US$2.3tUS$1.9tUS$176.1b11.3x12.9x1.2x
Thu, 06 Jun 2024US$2.2tUS$1.9tUS$175.7b11.3x12.7x1.2x
Sat, 04 May 2024US$2.3tUS$1.9tUS$177.7b10.9x13x1.2x
Mon, 01 Apr 2024US$2.4tUS$2.0tUS$206.4b10.4x11.8x1.2x
Wed, 28 Feb 2024US$2.2tUS$2.0tUS$208.5b9.3x10.6x1.1x
Fri, 26 Jan 2024US$2.2tUS$2.1tUS$239.8b8.7x9.2x1.1x
Sun, 24 Dec 2023US$2.3tUS$2.1tUS$242.2b8.7x9.4x1.1x
Tue, 21 Nov 2023US$2.3tUS$2.1tUS$242.6b8.8x9.3x1.1x
Thu, 19 Oct 2023US$2.4tUS$2.2tUS$272.8b7.5x8.9x1.1x
Sat, 16 Sep 2023US$2.4tUS$2.2tUS$272.6b7.9x8.9x1.1x
Mon, 14 Aug 2023US$2.7tUS$2.2tUS$272.8b8x10x1.3x
Wed, 12 Jul 2023US$2.5tUS$2.4tUS$315.8b7x8.1x1.1x
Fri, 09 Jun 2023US$2.5tUS$2.4tUS$315.8b7.2x7.9x1.1x
Sun, 07 May 2023US$2.1tUS$2.4tUS$318.2b6.5x6.7x0.9x
Tue, 04 Apr 2023US$2.3tUS$2.4tUS$280.7b7.1x8.1x1x
Thu, 02 Mar 2023US$2.2tUS$2.4tUS$280.7b7.4x8x0.9x
Price to Earnings Ratio

8x


Total Market Cap: US$2.2tTotal Earnings: US$280.7bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.2x202420252026
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 21.4x which is higher than its 3-year average PE of 13.2x.
  • 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 23% per year over the last three years,
  • Revenues have also declined 7.3% 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 Market1.04%
Energy1.00%
Energy Services2.06%
Oil and Gas0.88%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.7x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings decline of 22.4% 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 12.8x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 22% 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
OXY Occidental PetroleumUS$51.8412.5%
+US$5.7b		4.0%PE37.9x
TPL Texas Pacific LandUS$499.8815.6%
+US$4.7b		15.9%PE71.6x
FANG Diamondback EnergyUS$176.014.1%
+US$2.0b		13.4%PE12.1x
TRGP Targa ResourcesUS$231.353.3%
+US$1.7b		16.6%PE27x
EOG EOG ResourcesUS$123.081.9%
+US$1.3b		-7.5%PE12.1x

Latest News

EQT
US$60.50
EQT
7D
3.1%
1Y
20.4%

EQT: Free Cash Flow Execution Will Support Future Cash Flow Resilience

Analysts have nudged their blended price target for EQT higher into the $57 to $71 range, highlighting stronger than expected production volumes, lower capex, and consistent free cash flow execution as key supports for the updated valuations. Analyst Commentary Recent Street research on EQT points to a cluster of upward price target revisions, with several bullish analysts highlighting the combination of strong production delivery, disciplined spending, and consistent free cash flow execution as key supports for current valuations.
TPL
US$499.88
Texas Pacific Land
7D
15.6%
1Y
15.9%
OXY
US$51.84
Occidental Petroleum
7D
12.5%
1Y
4.0%
COP
US$110.53
ConocoPhillips
7D
-0.8%
1Y
12.9%
XOM
US$147.28
Exxon Mobil
7D
-0.8%
1Y
33.1%
CVI
US$20.72
CVR Energy
7D
-10.6%
1Y
1.8%

CVI: New Leadership And Earnings Execution Will Support Future Upside Potential

Analysts trimmed their price target on CVR Energy by $1, keeping fair value estimates steady while modestly adjusting assumptions around the discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the business. Analyst Commentary Recent Street research on CVR Energy has centered on fine tuning price targets rather than making wholesale changes to fundamental views, with a couple of closely watched reports cutting targets by $1 while leaving broader valuation frameworks largely intact.
EXE
US$108.06
Expand Energy
7D
3.9%
1Y
4.0%
DINO
US$50.88
HF Sinclair
7D
-13.1%
1Y
37.8%
TRGP
US$231.35
Targa Resources
7D
3.3%
1Y
16.6%
SEI
US$49.24
Solaris Energy Infrastructure
7D
-13.0%
1Y
36.9%

SEI: Long Term Data Center Power Rental Will Support Bullish Outlook

Analysts have adjusted their price target for Solaris Energy Infrastructure slightly higher to $66.10 from $65.50, citing updated assumptions around discount rates, revenue growth, profit margins, and a revised future P/E framework. What's in the News Solaris Energy Infrastructure appointed Stephan E.
MPC
US$196.76
Marathon Petroleum
7D
-3.2%
1Y
28.0%
FANG
US$176.01
Diamondback Energy
7D
4.1%
1Y
13.4%

FANG: Future Power Projects Will Test Rich P E Assumptions

Analysts have adjusted their views on Diamondback Energy with a modest net change in the blended price target, as several firms raised targets by $2 to $30 while others reduced them by $1 to $12, citing updated assumptions around growth, margins, and future P/E levels. Analyst Commentary Recent research shows a mixed backdrop for Diamondback Energy, with several firms lifting price targets by single to double digit dollar amounts while others cut targets by similar magnitudes.
CNR
US$87.94
Core Natural Resources
7D
-3.9%
1Y
13.0%

CNR: Leer South Restart And Mine Improvements Will Support Stronger Profitability

Analysts have maintained their $105.00 price target for Core Natural Resources, with the updated view reflecting lower modeled revenue growth and profit margins, together with a higher future P/E assumption and a slightly higher discount rate. What's in the News Issued 2026 sales volume guidance, expecting total sales between 85.6 million tons and 91.4 million tons, giving investors a clearer sense of planned output for the year (Corporate Guidance).
PSX
US$155.75
Phillips 66
7D
-2.5%
1Y
20.9%
LNG
US$226.47
Cheniere Energy
7D
2.6%
1Y
2.4%

LNG: Future Returns Will Depend On Gulf Coast Project Timing

Analysts have reduced their average price target on Cheniere Energy by about $2. This reflects slightly lower modeled fair value and revenue growth assumptions, partly offset by marginally higher profit margin and future P/E expectations in light of recent mixed target moves across the Street.
EOG
US$123.08
EOG Resources
7D
1.9%
1Y
-7.5%

EOG: Future Cash Flow Will Be Supported By 2025 Guidance And Buybacks

Analysts trimmed their fair value estimate for EOG Resources by about $1 to $132.63, reflecting a slightly higher discount rate, a modestly lower future P/E assumption, and updated price targets across the Street that factor in revised commodity price decks and recent rating changes. Analyst Commentary Recent Street research on EOG Resources has centered on fine tuning price targets and ratings as analysts update their commodity assumptions and company specific models.