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U.S. Energy Sector Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies440
  • 7D2.4%
  • 3M22.5%
  • 1Y16.2%
  • YTD19.4%

The Energy industry has gained 2.4% in the last week and Occidental Petroleum up 13%. Meanwhile, HF Sinclair actually underperformed within the industry, shrinking 12% in the last week. This means that the industry has gained 16% over the past year. 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
Fri, 20 Feb 2026US$2.8tUS$1.9tUS$130.0b16.8x21.5x1.5x
Sun, 18 Jan 2026US$2.5tUS$1.9tUS$126.3b16.6x19.6x1.3x
Tue, 16 Dec 2025US$2.3tUS$1.9tUS$124.8b15.5x18.8x1.3x
Thu, 13 Nov 2025US$2.4tUS$1.9tUS$125.5b15.7x18.8x1.3x
Sat, 11 Oct 2025US$2.3tUS$1.9tUS$125.9b13.4x18.3x1.2x
Mon, 08 Sep 2025US$2.3tUS$1.9tUS$126.4b13.6x18x1.2x
Wed, 06 Aug 2025US$2.3tUS$1.9tUS$128.2b12.4x17.6x1.2x
Fri, 04 Jul 2025US$2.3tUS$1.9tUS$134.5b12.3x17.2x1.2x
Sun, 01 Jun 2025US$2.1tUS$1.9tUS$134.6b11.3x15.8x1.1x
Tue, 29 Apr 2025US$2.2tUS$1.9tUS$140.7b11.4x15.4x1.1x
Thu, 27 Mar 2025US$2.4tUS$1.9tUS$143.9b13.1x17x1.3x
Sat, 22 Feb 2025US$2.4tUS$1.9tUS$150.0b12.9x16x1.3x
Mon, 20 Jan 2025US$2.5tUS$1.9tUS$158.6b12.7x15.7x1.3x
Wed, 18 Dec 2024US$2.3tUS$1.9tUS$158.5b11.8x14.4x1.2x
Fri, 15 Nov 2024US$2.4tUS$1.9tUS$159.9b12x15.2x1.3x
Sun, 13 Oct 2024US$2.4tUS$2.0tUS$175.8b11.7x13.7x1.2x
Tue, 10 Sep 2024US$2.2tUS$2.0tUS$172.5b10.9x12.8x1.1x
Thu, 08 Aug 2024US$2.2tUS$2.0tUS$172.1b10.7x13x1.1x
Sat, 06 Jul 2024US$2.3tUS$1.9tUS$176.1b11.3x13.1x1.2x
Mon, 03 Jun 2024US$2.3tUS$1.9tUS$176.4b11.4x13.2x1.2x
Wed, 01 May 2024US$2.4tUS$2.0tUS$195.3b10.9x12.3x1.2x
Fri, 29 Mar 2024US$2.4tUS$2.0tUS$206.3b10.2x11.6x1.2x
Sun, 25 Feb 2024US$2.2tUS$2.0tUS$208.0b9.5x10.7x1.1x
Tue, 23 Jan 2024US$2.2tUS$2.1tUS$242.2b8.2x9x1.1x
Thu, 21 Dec 2023US$2.3tUS$2.1tUS$242.3b8.6x9.4x1.1x
Sat, 18 Nov 2023US$2.2tUS$2.1tUS$242.6b8.8x9.1x1.1x
Mon, 16 Oct 2023US$2.4tUS$2.2tUS$272.8b7.5x8.8x1.1x
Wed, 13 Sep 2023US$2.4tUS$2.2tUS$272.6b7.9x8.7x1.1x
Fri, 11 Aug 2023US$2.7tUS$2.2tUS$272.8b7.9x9.8x1.2x
Sun, 09 Jul 2023US$2.5tUS$2.4tUS$315.8b6.9x7.9x1.1x
Tue, 06 Jun 2023US$2.4tUS$2.4tUS$315.7b7x7.7x1x
Thu, 04 May 2023US$2.1tUS$2.4tUS$316.7b6.7x6.6x0.9x
Sat, 01 Apr 2023US$2.2tUS$2.4tUS$280.7b7x7.7x0.9x
Mon, 27 Feb 2023US$2.2tUS$2.4tUS$279.6b7.3x8x0.9x
Price to Earnings Ratio

8x


Total Market Cap: US$2.2tTotal Earnings: US$279.6bTotal 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 21.5x 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 7.6% 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 Market0.64%
Energy2.44%
Energy Services3.30%
Oil and Gas2.34%
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 18.5%, which is higher than its past year's earnings decline of 27.6% 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 18% over the next 5 years.
  • This is better than its past earnings decline of 28% 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$51.5313.3%
+US$6.0b		-1.1%PE36.7x
TPL Texas Pacific LandUS$486.5618.3%
+US$5.2b		2.0%PE70.4x
CVX ChevronUS$184.781.3%
+US$4.7b		16.4%PE29.7x
XOM Exxon MobilUS$150.970.7%
+US$4.3b		34.8%PE21.9x
EOG EOG ResourcesUS$123.875.1%
+US$3.3b		-8.7%PE12.2x

Latest News

MPC
US$196.47
Marathon Petroleum
7D
-0.8%
1Y
24.1%
CVX
US$184.78
Chevron
7D
1.3%
1Y
16.4%
DINO
US$50.48
HF Sinclair
7D
-12.0%
1Y
34.9%
OXY
US$51.53
Occidental Petroleum
7D
13.3%
1Y
-1.1%
TPL
US$486.56
Texas Pacific Land
7D
18.3%
1Y
2.0%
SEI
US$49.98
Solaris Energy Infrastructure
7D
-2.9%
1Y
70.3%
XOM
US$150.97
Exxon Mobil
7D
0.7%
1Y
34.8%

XOM: Refining Execution And Policy Risks Will Shape Returns From Current Levels

Analysts have raised their average price target for Exxon Mobil by about $5 to roughly $141. This reflects updated assumptions for slightly higher revenue growth, modestly stronger profit margins and a higher future P/E multiple, even as individual firms continue to adjust their targets and ratings in different directions.
PSX
US$155.41
Phillips 66
7D
-0.5%
1Y
18.1%
BTU
US$33.97
Peabody Energy
7D
-3.3%
1Y
119.2%
LNG
US$226.19
Cheniere Energy
7D
3.9%
1Y
-0.3%

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.
CNR
US$89.98
Core Natural Resources
7D
-0.08%
1Y
10.0%
EOG
US$123.87
EOG Resources
7D
5.1%
1Y
-8.7%

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.
KMI
US$32.54
Kinder Morgan
7D
2.7%
1Y
22.4%

KMI: Western Gateway Progress And Dividend Guidance Will Shape Balanced Return Outlook

Analysts have inched up their fair value estimate for Kinder Morgan to about $31.76, reflecting recent Street price target increases of $1 to $2 and slightly higher assumed P/E and profit margins, despite a more tempered revenue growth outlook and a modestly lower discount rate. Analyst Commentary Recent Street research has focused on Kinder Morgan's valuation framework, with several firms adjusting price targets and ratings in light of updated P/E and margin assumptions.
GPRE
US$13.57
Green Plains
7D
-2.5%
1Y
118.9%

GPRE: Higher Earnings Power And P E Repricing Will Drive Shares Toward 17

Analysts have lifted their fair value estimate for Green Plains by $2 to $17, citing updated assumptions for revenue growth, profit margins, and the future P/E multiple highlighted in recent Street research. Analyst Commentary Bullish analysts have responded to recent updates by lifting their price targets on Green Plains, including moves of $2 and $5.
CVI
US$21.59
CVR Energy
7D
-5.3%
1Y
6.9%

CVI: Cost Discipline And New Leadership Will Support Future Upside Potential

Analysts have raised their price target for CVR Energy from US$34.87 to US$35.00, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. Analyst Commentary Recent Street research on CVR Energy has included adjustments to price targets that reflect refreshed views on discount rates, revenue expectations, profit margins and assumed P/E multiples.
FANG
US$174.72
Diamondback Energy
7D
4.4%
1Y
7.8%

FANG: Future Power Projects And Mixed Oil Macro Shape Balanced Outlook

Analysts have nudged their fair value estimate for Diamondback Energy to $158, reflecting recent tweaks to growth, margin and P/E assumptions following a mix of higher and lower Street price targets from firms such as Piper Sandler, Wells Fargo, Jefferies, Morgan Stanley, Mizuho, Scotiabank, BofA, JPMorgan, Citi and UBS. Analyst Commentary Recent research highlights a split view on Diamondback Energy, with some firms lifting price targets and others trimming them.