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U.S. Energy Sector Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies441
  • 7D3.3%
  • 3M17.7%
  • 1Y14.0%
  • YTD16.3%

The Energy industry is up 6.6% in the last week, with Exxon Mobil up 5.5%. In the same time, Expand Energy was down 5.8%. This means that the industry has gained 15% 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
Wed, 11 Feb 2026US$2.7tUS$1.9tUS$128.1b16.5x21.5x1.5x
Fri, 09 Jan 2026US$2.3tUS$1.9tUS$126.3b15.9x18.5x1.3x
Sun, 07 Dec 2025US$2.4tUS$1.9tUS$124.8b15.8x19x1.3x
Tue, 04 Nov 2025US$2.3tUS$1.9tUS$126.1b14.4x18.2x1.2x
Thu, 02 Oct 2025US$2.3tUS$1.9tUS$125.8b14x18.6x1.3x
Sat, 30 Aug 2025US$2.3tUS$1.9tUS$126.5b13.5x18.4x1.3x
Mon, 28 Jul 2025US$2.3tUS$1.9tUS$132.8b12.4x17.3x1.2x
Wed, 25 Jun 2025US$2.3tUS$1.9tUS$134.4b11.9x16.9x1.2x
Fri, 23 May 2025US$2.2tUS$1.9tUS$134.5b11.4x16.1x1.1x
Sun, 20 Apr 2025US$2.1tUS$1.9tUS$143.7b11.2x14.9x1.1x
Tue, 18 Mar 2025US$2.3tUS$1.9tUS$144.0b12.8x16.2x1.2x
Thu, 13 Feb 2025US$2.4tUS$1.9tUS$155.9b12.1x15.6x1.3x
Sat, 11 Jan 2025US$2.3tUS$1.9tUS$158.5b12x14.8x1.2x
Mon, 09 Dec 2024US$2.4tUS$1.9tUS$158.5b11.9x15x1.2x
Wed, 06 Nov 2024US$2.3tUS$1.9tUS$160.9b11.4x14.4x1.2x
Fri, 04 Oct 2024US$2.4tUS$2.0tUS$175.3b11.9x13.4x1.2x
Sun, 01 Sep 2024US$2.3tUS$2.0tUS$172.2b11.5x13.6x1.2x
Tue, 30 Jul 2024US$2.3tUS$1.9tUS$174.7b11.4x13.3x1.2x
Thu, 27 Jun 2024US$2.3tUS$1.9tUS$176.0b11.3x13.1x1.2x
Sat, 25 May 2024US$2.3tUS$1.9tUS$174.8b11.1x13x1.2x
Mon, 22 Apr 2024US$2.4tUS$2.0tUS$206.3b10.6x11.8x1.2x
Wed, 20 Mar 2024US$2.4tUS$2.0tUS$206.4b9.6x11.5x1.2x
Fri, 16 Feb 2024US$2.1tUS$2.0tUS$217.1b9x9.8x1.1x
Sun, 14 Jan 2024US$2.2tUS$2.1tUS$242.2b8.6x9.2x1.1x
Tue, 12 Dec 2023US$2.2tUS$2.1tUS$242.4b8.4x9.1x1.1x
Thu, 09 Nov 2023US$2.2tUS$2.1tUS$243.3b8.7x9.2x1.1x
Sat, 07 Oct 2023US$2.3tUS$2.2tUS$272.9b7.4x8.4x1.1x
Mon, 04 Sep 2023US$2.4tUS$2.2tUS$272.6b7.8x8.8x1.1x
Wed, 02 Aug 2023US$2.6tUS$2.3tUS$291.6b7.7x9x1.2x
Fri, 30 Jun 2023US$2.5tUS$2.4tUS$315.8b7x7.9x1x
Sun, 28 May 2023US$2.4tUS$2.4tUS$316.0b7x7.6x1x
Tue, 25 Apr 2023US$2.2tUS$2.4tUS$280.3b7.2x8x0.9x
Thu, 23 Mar 2023US$2.1tUS$2.4tUS$280.9b6.7x7.4x0.9x
Sat, 18 Feb 2023US$2.2tUS$2.3tUS$272.7b7.4x8.2x1x
Price to Earnings Ratio

8.2x


Total Market Cap: US$2.2tTotal Earnings: US$272.7bTotal Revenue: US$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Energy Sector Price to Earnings3Y Average 13.1x202420252026
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 21.3x which is higher than its 3-year average PE of 13.1x.
  • 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 22% per year over the last three years,
  • Revenues have also declined 7.5% 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 Market0.99%
Energy3.33%
Oil and Gas3.46%
Energy Services2.30%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings decline of 18.4% 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 12.7x.
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 18% per year.
  • In contrast, the Oil and Gas 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$151.595.5%
+US$32.8b		35.7%PE22x
CVX ChevronUS$182.262.4%
+US$8.4b		15.8%PE29.3x
MPC Marathon PetroleumUS$204.158.8%
+US$4.9b		31.5%PE14.9x
TPL Texas Pacific LandUS$401.6219.5%
+US$4.5b		-11.7%PE58.1x
PSX Phillips 66US$157.316.2%
+US$3.7b		21.4%PE14.4x

Latest News

LEU
US$264.99
Centrus Energy
7D
-5.5%
1Y
132.4%
TPL
US$401.62
Texas Pacific Land
7D
19.5%
1Y
-11.7%
LBRT
US$24.20
Liberty Energy
7D
-7.1%
1Y
36.4%
MPC
US$204.15
Marathon Petroleum
7D
8.8%
1Y
31.5%
VLO
US$199.50
Valero Energy
7D
3.8%
1Y
45.7%

VLO: Refining Margins And Dividend Policy Will Balance Bearish Crude Outlook

Analysts have raised their blended price target for Valero Energy by about US$8 to reflect updated views on modestly higher revenue growth, slightly lower profit margins, and a higher future P/E multiple, supported by a series of recent target increases across major research firms. Analyst Commentary Recent research updates present a mixed picture, with several firms lifting their price targets by double digit dollar amounts, while at least one has trimmed its target as it reassesses sector headwinds going into 2026.
HP
US$34.23
Helmerich & Payne
7D
-3.6%
1Y
25.7%
EXE
US$102.21
Expand Energy
7D
-5.8%
1Y
-3.4%
EQT
US$55.39
EQT
7D
-0.4%
1Y
3.0%
TRGP
US$217.06
Targa Resources
7D
6.6%
1Y
6.8%

TRGP: Permian Volumes And Diversification Will Underpin Balanced Future Cash Returns

Narrative Update on Targa Resources The updated analyst price target for Targa Resources edges higher to about US$212.40. Analysts point to recent target revisions, slight tweaks to growth, margins and discount rate assumptions, and ongoing confidence in the company’s diversified, multi segment footprint as key drivers of the change.
UEC
US$16.34
Uranium Energy
7D
-8.3%
1Y
137.2%
CVX
US$182.26
Chevron
7D
2.4%
1Y
15.8%

Chevron (NYSE:CVX) Has Announced That It Will Be Increasing Its Dividend To $1.78

Feb 06
Chevron (NYSE:CVX) Has Announced That It Will Be Increasing Its Dividend To $1.78
SEI
US$52.94
Solaris Energy Infrastructure
7D
-6.4%
1Y
92.2%

SEI: Expanded Capacity And 900MW Availability Will Support Second Data Center Contract

Analysts have raised their Solaris Energy Infrastructure price target to $65 from $50, citing the expanded 2.2GW capacity and 900MW of available capacity as key support for the company’s efforts to secure a second data center contract. Analyst Commentary Recent research points to a more constructive tone around Solaris Energy Infrastructure, with bullish analysts highlighting how the current capacity profile could support future contract wins and frame the stock’s valuation debate.
PSX
US$157.31
Phillips 66
7D
6.2%
1Y
21.4%
CRK
US$20.42
Comstock Resources
7D
-9.1%
1Y
10.9%

CRK: Lower Margin Assumptions Will Pressure Future P/E Support

Analysts have revised their fair value estimate for Comstock Resources to approximately $8.76, down from $10.00. This change reflects updated views on discount rates, profit margins, and future P/E assumptions following recent mixed price target moves and rating changes from the Street.
XOM
US$151.59
Exxon Mobil
7D
5.5%
1Y
35.7%
OKE
US$83.46
ONEOK
7D
6.6%
1Y
-15.6%

OKE: Dividend Increase And Execution Risks Will Shape Future Earnings Confidence

Analysts have nudged their blended fair value estimate for ONEOK lower from US$88.63 to about US$87.50. This reflects a mix of recent target cuts and a few upward revisions as firms reassess discount rates, revenue growth assumptions, profit margin expectations and future P/E levels.