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

U.S. Energy Sector Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies430
  • 7D0.3%
  • 3M35.4%
  • 1Y29.1%
  • YTD32.8%

Over the last 7 days, the Energy industry has remained flat, although notably Texas Pacific Land declined by 11%. As for the the longer term, the industry is up 29% over the past 12 months. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Apr 2026US$3.2tUS$1.9tUS$130.6b17.8x24.2x1.7x
Fri, 27 Feb 2026US$2.8tUS$1.9tUS$129.9b17x21.5x1.5x
Sun, 25 Jan 2026US$2.6tUS$1.9tUS$126.3b16.1x20.2x1.4x
Tue, 23 Dec 2025US$2.3tUS$1.9tUS$126.3b15x18x1.2x
Thu, 20 Nov 2025US$2.3tUS$1.9tUS$125.2b15x18.7x1.3x
Sat, 18 Oct 2025US$2.2tUS$1.9tUS$125.8b13.3x17.7x1.2x
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
Price to Earnings Ratio

7.9x


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 13.7x202420252026
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 24.2x which is higher than its 3-year average PE of 13.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
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 7.4% 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 Market-0.61%
Energy0.27%
Oil and Gas0.37%
Energy Services-0.71%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.6x.
    • Analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings decline of 33.0% 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 13.3x.
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 33% 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
XOM Exxon MobilUS$169.662.6%
+US$17.8b		42.5%PE24.5x
OXY Occidental PetroleumUS$65.006.1%
+US$3.7b		32.1%PE47.7x
COP ConocoPhillipsUS$132.002.0%
+US$3.2b		25.2%PE20.3x
VLO Valero EnergyUS$247.082.2%
+US$1.6b		84.7%PE31.6x
SLB SLBUS$51.391.7%
+US$1.3b		21.8%PE22.9x

Latest News

COP
US$132.00
ConocoPhillips
7D
2.0%
1Y
25.2%
BKR
US$61.05
Baker Hughes
7D
-3.8%
1Y
36.3%
PR
US$21.32
Permian Resources
7D
3.1%
1Y
54.5%
EOG
US$144.57
EOG Resources
7D
1.4%
1Y
11.8%
LNG
US$283.76
Cheniere Energy
7D
-3.7%
1Y
22.9%

Cheniere Energy: The "Corpus Christi Stage 3" Expansion and the $10 Billion Buyback Inflection

Cheniere Energy, Inc. (LNG) is currently solidifying its position as the undisputed "King of U.S. LNG Exports," transitioning from a high-growth infrastructure builder into a massive cash-flow-generating machine.
OXY
US$65.00
Occidental Petroleum
7D
6.1%
1Y
32.1%
TRGP
US$250.73
Targa Resources
7D
1.9%
1Y
23.5%
VLO
US$247.08
Valero Energy
7D
2.2%
1Y
84.7%

VLO: Bearish Crude Outlook Will Limit Future Multiple Despite Stronger Refining Margins

Analysts have lifted the fair value estimate for Valero Energy to $218.39 from $202.72, linking the higher price target range across firms to updated oil price assumptions, refined product supply and demand expectations, and adjustments to forward P/E and margin forecasts. Analyst Commentary Recent research on Valero Energy points to a mix of optimism and caution, with several firms revising price targets and updating sector views based on oil price assumptions, geopolitical risks, and refining market expectations.
EXE
US$109.78
Expand Energy
7D
-3.6%
1Y
-3.6%

EXE: Electric Fracturing Expansion And Interim Leadership Will Support Future Upside

Analysts have nudged their price target for Expand Energy up to $132.14 from $130.71, tying this change to slightly softer expected revenue declines, a lower projected profit margin of 24.20% and an adjusted forward P/E of 16.13x. What's in the News Expanded completions program agreement with Evolution Well Services to use 100% electric hydraulic fracturing technology in Northeast Appalachia, with gas conditioning, power generation and electric frac operations designed to lower noise, reduce equipment footprint and streamline the worksite (Client Announcements).
SLB
US$51.39
SLB
7D
1.7%
1Y
21.8%
XOM
US$169.66
Exxon Mobil
7D
2.6%
1Y
42.5%
KMI
US$33.53
Kinder Morgan
7D
-1.2%
1Y
17.1%

KMI: Project Backlog And Gas Exposure Will Shape Future Risk Reward Balance

Analysts have lifted the Kinder Morgan fair value estimate by about $1 to $34.14, citing updated models that factor in adjusted long term revenue growth, slightly higher profit margins, and revised future P/E assumptions reflected in a series of recent price target increases across the Street. Analyst Commentary Recent research coverage shows a cluster of higher price targets on Kinder Morgan, along with a mix of positive and more cautious views on execution, valuation, and long term growth prospects.
TPL
US$474.56
Texas Pacific Land
7D
-11.3%
1Y
5.2%

TPL: Overvaluation Will Persist Despite Higher Dividend And Rich Future P/E

Analysts kept their price target for Texas Pacific Land steady at $444.50. This reflects unchanged views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions that continue to underpin their valuation framework.
VG
US$15.76
Venture Global
7D
-5.1%
1Y
57.6%
WMB
US$72.78
Williams Companies
7D
-2.3%
1Y
20.2%

WMB: Future Gas Infrastructure Investments Will Support Long Term EBITDA Visibility

Analysts have raised the Williams Companies fair value estimate to $90.00 from $89.00, citing a series of upward price target revisions and more constructive views on revenue growth, profit margins, and future P/E support across recent research updates. Analyst Commentary Recent research updates on Williams Companies have leaned constructive, with several bullish analysts lifting price targets and, in one case, adding the stock to a high-conviction idea list.
EQT
US$63.64
EQT
7D
-2.6%
1Y
18.1%

EQT: Future Cash Flow Resilience Will Rely On Gas Price Execution

EQT's updated analyst price target holds at $76, as analysts balance mixed target revisions with views on commodity price assumptions, cash flow potential, and the company's gas focused profile. Analyst Commentary Recent Street research on EQT points to a generally constructive stance, with several bullish analysts adjusting their models around commodity assumptions, cash flow potential, and EQT's gas focused profile.