Valuation

Stocks pricing in the least growth: Energy

A reverse DCF asks what yearly free cash flow growth today's price assumes (10 years at a 9% discount rate, 3% after). Energy companies worth over $1 billion with the lowest answer: the market expects the least. One unusually strong year of cash flow can also land a company here, so check its history.

Top of the list: Plains GP Holdings LP (PAGP) -23.1%; Diversified Energy Company (DEC) -18.5%; SunocoCorp LLC (SUNC) -11.4%.

The median growth priced in across these 50 companies is -1.2%.

#CompanyGrowth priced inFCF growth deliveredP/FCFP/EMarket cap
1 Plains GP Holdings LPPAGP -23.1%+5.7%2.90x36.5x$6.6B
2 Diversified Energy Company plcDEC -18.5%+13.6%3.68x2.38x$1.0B
3 SunocoCorp LLCSUNC -11.4%+26.4%5.90x—$3.8B
4 Kimbell Royalty Partners LPKRP -9.3%+33.3%7.02x33.2x$1.7B
5 Petroleo Brasileiro Petrobras SA ADRPBR -9.3%+20.6%10.2x43.6x$169.9B
6 NOV Inc.NOV -7.5%+2.9%8.14x78.3x$7.0B
7 Plains All American Pipeline LPPAA -7.2%+5.7%8.11x23.7x$18.6B
8 Alliance Resource Partners LPARLP -6.8%-5.0%8.27x13.1x$3.2B
9 Natural Resource Partners LPNRP -6.5%+4.9%8.49x12.5x$1.4B
10 Global Partners LPGLP -6.0%-5.3%9.18x14.5x$1.8B
11 California Resources CorpCRC -6.0%+75.1%8.93x14.3x$4.8B
12 Enerflex Ltd.EFXT -5.4%+32.8%12.9x46.2x$3.0B
13 CNX Resources CorpCNX -5.4%+7.0%9.15x4.61x$4.9B
14 Hess Midstream Partners LPHESM -4.5%+18.1%9.53x11.6x$6.9B
15 Transocean LtdRIG -4.3%-0.2%10.1x—$6.3B
16 BP PLC ADRBP -3.9%+21.5%10.6x37.5x$119.7B
17 BW LPG LimitedBWLP -3.6%-5.7%11.5x16.2x$4.1B
18 Patterson-UTI Energy IncPTEN -2.0%+8.1%11.8x—$4.4B
19 Expand Energy CorporationEXE -1.9%+142.3%11.9x6.80x$21.9B
20 Cheniere Energy Partners LPCQP -1.6%+13.3%12.1x15.0x$31.1B
21 Ovintiv IncOVV -1.6%+24.5%12.6x22.1x$18.9B
22 Tidewater IncTDW -1.6%+22.0%12.4x14.9x$4.4B
23 EQT CorporationEQT -1.4%+41.9%12.4x10.7x$35.3B
24 Teekay CorporationTK -1.4%+16.5%12.7x13.0x$1.4B
25 Weatherford International plcWFRD -1.2%+51.7%12.7x12.5x$5.7B
26 Western Midstream Partners LPWES -1.2%+14.8%12.8x15.6x$18.7B
27 Navigator Holdings LtdNVGS -1.1%+3.6%22.5x16.3x$1.5B
28 Flowco Holdings Inc.FLOC -1.1%+108.7%12.8x16.3x$2.1B
29 CMB.TECH NVCMBT -0.9%+0.2%—4.49x$5.8B
30 Innovex International, IncINVX -0.2%-3.8%14.0x42.2x$2.2B
31 NGL Energy Partners LPNGL -0.1%+55.6%36.7x—$1.9B
32 Tenaris SA ADRTS -0.1%+43.5%14.0x31.3x$27.7B
33 USA Compression Partners LPUSAC +0.4%+16.8%14.3x27.9x$4.0B
34 MPLX LPMPLX +0.6%+41.7%14.1x12.4x$57.9B
35 Par Pacific Holdings IncPARR +0.9%+18.8%13.9x9.32x$4.1B
36 Occidental Petroleum CorporationOXY +1.0%+22.4%15.2x85.1x$62.6B
37 Schlumberger NVSLB +1.6%+1.5%15.8x22.3x$75.6B
38 Noble Corporation plcNE +1.8%+28.3%16.1x30.6x$7.0B
39 Halliburton CompanyHAL +2.3%+5.4%16.6x18.4x$27.8B
40 Frontline LtdFRO +3.2%+138.3%18.4x33.0x$12.3B
41 Equinor ASA ADREQNR +3.4%+5.0%18.2x22.2x$109.1B
42 TechnipFMC PLCFTI +4.0%+26.0%18.8x26.1x$27.2B
43 Devon Energy CorporationDVN +4.2%+19.0%18.9x14.2x$59.0B
44 Energy Transfer LPET +4.2%+68.7%18.8x17.5x$72.4B
45 National Energy Services Reunited Corp Ordinary SharesNESR +4.3%+55.5%18.3x34.2x$2.2B
46 Kodiak Gas Services, Inc.KGS +4.6%+56.0%19.0x70.4x$5.4B
47 Oceaneering International IncOII +5.3%-1.0%21.0x13.0x$4.4B
48 Torm PLC Class ATRMD +5.7%+15.5%20.7x14.0x$4.1B
49 Bristow Group IncVTOL +5.9%+42.5%21.6x10.7x$1.2B
50 Baker Hughes CoBKR +6.0%+18.6%21.7x17.8x$55.1B

Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.

Questions

Which company ranks first on the stocks pricing in the least growth: energy list?

Plains GP Holdings LP (PAGP), with a growth priced in of -23.1%, as of October 12, 2026.

How is this list built?

A reverse DCF asks what yearly free cash flow growth today's price assumes (10 years at a 9% discount rate, 3% after). US companies worth over $1 billion with the lowest answer: the market expects the least. One unusually strong year of cash flow can also land a company here, so check its history. It shows the top 50 and is rebuilt every day.

Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.