Top Energy Stocks by EBITDA
Top energy companies ranked by EBITDA, latest annual filings.
What EBITDA Means for Energy Companies
EBITDA is earnings before interest, taxes, depreciation, and amortization, isolating operating profit before capital structure and accounting allocations. In energy the metric is particularly prominent because producers carry enormous depletion, depreciation, and amortization tied to reserves and drilling programs. Stripping those out lets operators, midstream firms, and integrated majors be compared on a common operating footing, even when they sit at different points in the capital cycle or employ different accounting approaches to their asset bases.
Why It Matters in Energy
EBITDA is the go-to reference for commodity-exposed producers because it isolates cash generation capacity across the price cycle rather than this quarter's after-everything profit. It works well for midstream pipelines and infrastructure with stable fee-based revenue. The depletion being added back is real, though: reserves produced today must be replaced through exploration and development spend, so EBITDA tends to overstate economic earnings for pure-play upstream operators.
What to Read Alongside
Pair EBITDA with Capex to gauge the drilling and development reinvestment required to sustain production, Free Cash Flow for the cash that actually remains after that spending, and Debt given the sector's typical leverage.
| # | Symbol | Company | Sector | ||
|---|---|---|---|---|---|
| 1 | ET | Energy Transfer LP | Energy | $14.71B | $71.96B |
| 2 | MPC | Marathon Petroleum Corporation | Energy | $11.54B | $113.00B |
| 3 | EOG | EOG Resources, Inc. | Energy | $10.85B | $74.16B |
| 4 | LNG | Cheniere Energy, Inc. | Energy | $10.44B | $56.79B |
| 5 | EPD | Enterprise Products Partners L.P. | Energy | $9.57B | $83.08B |
| 6 | OKE | ONEOK, Inc. | Energy | $7.25B | $57.87B |
| 7 | KMI | Kinder Morgan, Inc. | Energy | $7.18B | $70.63B |
| 8 | WMB | The Williams Companies, Inc. | Energy | $6.54B | $87.64B |
| 9 | FANG | Diamondback Energy, Inc. | Energy | $6.30B | $53.00B |
| 10 | VG | Venture Global, Inc. | Energy | $6.10B | $34.15B |
| 11 | EQT | EQT Corporation | Energy | $5.85B | $31.49B |
| 12 | EXE | Expand Energy Corporation | Energy | $5.45B | $20.29B |
| 13 | APA | APA Corporation | Energy | $5.39B | $15.35B |
| 14 | TRGP | Targa Resources Corp. | Energy | $4.85B | $62.05B |
| 15 | CTRA | Coterra Energy Inc. | Energy | $4.82B | $24.72B |
| 16 | CQP | Cheniere Energy Partners, L.P. | Energy | $4.39B | $31.95B |
| 17 | HAL | Halliburton Company | Energy | $3.40B | $27.82B |
| 18 | OVV | Ovintiv Inc. | Energy | $3.31B | $16.65B |
| 19 | VLO | Valero Energy Corporation | Energy | $3.24B | $113.23B |
| 20 | MTDR | Matador Resources Company | Energy | $2.42B | $6.69B |
| 21 | PAA | Plains All American Pipeline, L.P. | Energy | $2.39B | $17.63B |
| 22 | PAGP | Plains GP Holdings, L.P. | Energy | $2.38B | $5.41B |
| 23 | WES | Western Midstream Partners, LP | Energy | $2.31B | $19.25B |
| 24 | FTI | TechnipFMC plc | Energy | $1.88B | $27.97B |
| 25 | DINO | HF Sinclair Corporation | Energy | $1.84B | $19.43B |
| 26 | CHRD | Chord Energy Corporation | Energy | $1.67B | $7.63B |
| 27 | AR | Antero Resources Corporation | Energy | $1.63B | $10.44B |
| 28 | SUN | Sunoco LP | Energy | $1.62B | $14.02B |
| 29 | SUNC | SunocoCorp LLC | Energy | $1.62B | $3.99B |
| 30 | CRGY | Crescent Energy Company | Energy | $1.40B | $4.38B |
| 31 | CRK | Comstock Resources, Inc. | Energy | $1.29B | $3.82B |
| 32 | MUR | Murphy Oil Corporation | Energy | $1.28B | $5.19B |
| 33 | NFG | National Fuel Gas Company | Energy | $1.27B | $7.60B |
| 34 | HESM | Hess Midstream LP | Energy | $1.22B | $5.08B |
| 35 | NBR | Nabors Industries Ltd. | Energy | $1.12B | $1.28B |
| 36 | CRC | California Resources Corporation | Energy | $1.11B | $4.69B |
| 37 | WFRD | Weatherford International plc | Energy | $1.02B | $5.88B |
| 38 | DEC | Diversified Energy Company | Energy | $0.95B | $0.97B |
| 39 | GPOR | Gulfport Energy Corporation | Energy | $0.90B | $2.76B |
| 40 | MGY | Magnolia Oil & Gas Corporation | Energy | $0.88B | $6.53B |
| 41 | DTM | DT Midstream, Inc. | Energy | $0.87B | $12.76B |
| 42 | AM | Antero Midstream Corporation | Energy | $0.85B | $9.99B |
| 43 | NOV | NOV Inc. | Energy | $0.85B | $7.18B |
| 44 | VTLE | Vital Energy, Inc. | Energy | $0.72B | $0.69B |
| 45 | DK | Delek US Holdings, Inc. | Energy | $0.70B | $4.55B |
| 46 | ARLP | Alliance Resource Partners, L.P. | Energy | $0.68B | $3.32B |
| 47 | PARR | Par Pacific Holdings, Inc. | Energy | $0.68B | $4.11B |
| 48 | TPL | Texas Pacific Land Corporation | Energy | $0.65B | $25.30B |
| 49 | HP | Helmerich & Payne, Inc. | Energy | $0.63B | $4.03B |
| 50 | VAL | Valaris Limited | Energy | $0.62B | $5.68B |
| 51 | KGS | Kodiak Gas Services, Inc. | Energy | $0.62B | $5.69B |
| 52 | USAC | USA Compression Partners, LP | Energy | $0.59B | $3.79B |
| 53 | CVI | CVR Energy, Inc. | Energy | $0.58B | $5.34B |
| 54 | LBRT | Liberty Energy Inc. | Energy | $0.57B | $3.08B |
| 55 | HPK | HighPeak Energy, Inc. | Energy | $0.57B | $1.01B |
| 56 | KNTK | Kinetik Holdings Inc. | Energy | $0.55B | $4.28B |
| 57 | MNR | Mach Natural Resources LP | Energy | $0.54B | $1.83B |
| 58 | STR | Sitio Royalties Corp. | Energy | $0.52B | $1.41B |
| 59 | GEL | Genesis Energy, L.P. | Energy | $0.51B | $1.84B |
| 60 | INSW | International Seaways, Inc. | Energy | $0.51B | $5.40B |
| 61 | BKV | BKV Corporation | Energy | $0.50B | $2.51B |
| 62 | TALO | Talos Energy Inc. | Energy | $0.50B | $2.74B |
| 63 | BORR | Borr Drilling Limited | Energy | $0.47B | $1.37B |
| 64 | CNR | Core Natural Resources, Inc. | Energy | $0.44B | $4.50B |
| 65 | TDW | Tidewater Inc. | Energy | $0.43B | $4.26B |
| 66 | TEN | Tsakos Energy Navigation Limited | Energy | $0.42B | $1.53B |
| 67 | OII | Oceaneering International, Inc. | Energy | $0.41B | $4.57B |
| 68 | TNK | Teekay Tankers Ltd. | Energy | $0.40B | $3.43B |
| 69 | TK | Teekay Corporation Ltd. | Energy | $0.39B | $1.26B |
| 70 | EE | Excelerate Energy, Inc. | Energy | $0.38B | $1.06B |
| 71 | NGL | NGL Energy Partners LP | Energy | $0.36B | $2.03B |
| 72 | BSM | Black Stone Minerals, L.P. | Energy | $0.35B | $3.16B |
| 73 | PBF | PBF Energy Inc. | Energy | $0.32B | $8.59B |
| 74 | WHD | Cactus, Inc. | Energy | $0.31B | $4.70B |
| 75 | DKL | Delek Logistics Partners, LP | Energy | $0.31B | $3.22B |
| 76 | BTU | Peabody Energy Corporation | Energy | $0.30B | $3.06B |
| 77 | NVGS | Navigator Holdings Ltd. | Energy | $0.30B | $1.50B |
| 78 | FLOC | Flowco Holdings Inc. | Energy | $0.29B | $0.87B |
| 79 | SDRL | Seadrill Limited | Energy | $0.28B | $2.91B |
| 80 | LPG | Dorian LPG Ltd. | Energy | $0.28B | $2.42B |
| 81 | XPRO | Expro Ltd | Energy | $0.27B | $1.84B |
| 82 | KRP | Kimbell Royalty Partners, LP | Energy | $0.26B | $1.46B |
| 83 | HLX | Helix Energy Solutions Group Inc | Energy | $0.25B | $1.56B |
| 84 | FLNG | FLEX LNG Ltd. | Energy | $0.25B | $1.73B |
| 85 | NESR | National Energy Services Reunited Corp. | Energy | $0.24B | $3.27B |
| 86 | CLCO | Cool Company Ltd. | Energy | $0.24B | $0.51B |
| 87 | VTOL | Bristow Group Inc. | Energy | $0.23B | $1.24B |
| 88 | REPX | Riley Exploration Permian, Inc. | Energy | $0.23B | $0.90B |
| 89 | WBI | WaterBridge Infrastructure LLC | Energy | $0.22B | $1.66B |
| 90 | SEI | Solaris Energy Infrastructure, Inc. | Energy | $0.22B | $4.55B |
| 91 | RES | RPC, Inc. | Energy | $0.21B | $1.26B |
| 92 | INVX | Innovex International, Inc. | Energy | $0.19B | $1.91B |
| 93 | ACDC | ProFrac Holding Corp. | Energy | $0.19B | $0.90B |
| 94 | CAPL | CrossAmerica Partners LP | Energy | $0.19B | $0.84B |
| 95 | PUMP | ProPetro Holding Corp. | Energy | $0.18B | $1.25B |
| 96 | NRP | Natural Resource Partners L.P. | Energy | $0.16B | $1.43B |
| 97 | MRC | MRC Global Inc. | Energy | $0.16B | $1.17B |
| 98 | AESI | Atlas Energy Solutions Inc. | Energy | $0.15B | $1.66B |
| 99 | GLNG | Golar LNG Limited | Energy | $0.15B | $5.24B |
| 100 | LB | LandBridge Company LLC | Energy | $0.13B | $2.49B |
No companies match this search.
How this ranking is built
Companies are ranked by EBITDA as reported in their most recent annual filing with the SEC. Figures shown are in US dollars (or percent, as noted), rounded to two decimals.
- Source: annual 10-K / 20-F filings from companies trading on US exchanges (NYSE, Nasdaq, AMEX).
- Fiscal year: whichever annual period the company has most recently filed. Fiscal years don't always align with the calendar year, so the "as of FY" stamp above reflects the most common year across the table.
- Filtered out: warrants, preferred shares, and duplicate listings that share a parent company's financials.
- Size floor: A company qualifies at $500 million in market cap or above. Below that, one mis-stated figure outranks the companies the list is about.
- Currency check: A company whose annual revenue runs above 15 times its market cap is left out, because at that gap the two figures are not in the same currency.
- Currency check: A company whose balance sheet runs above 150 times its market cap is left out for the same reason.
- Update cadence: refreshed as companies file new annual reports (typically within 60–90 days of fiscal year end).
Not financial advice. This is a research tool, not a recommendation.