Lowest P/E Energy stocks
Energy companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall.
Top of the list: Diversified Energy Company (DEC) 2.38x; CMB.TECH NV (CMBT) 4.49x; CNX Resources (CNX) 4.61x.
The median p/e across these 50 companies is 12.4x.
| # | Company | P/E | P/FCF | Market cap | Revenue growth | Net margin |
|---|---|---|---|---|---|---|
| 1 | Diversified Energy Company plcDEC | 2.38x | 3.68x | $1.0B | +38.4% | 22.6% |
| 2 | CMB.TECH NVCMBT | 4.49x | — | $5.8B | -23.9% | 92.6% |
| 3 | CNX Resources CorpCNX | 4.61x | 9.15x | $4.9B | -35.7% | 36.5% |
| 4 | Gulfport Energy Operating CorpGPOR | 5.60x | 11.1x | $3.1B | -27.8% | 32.3% |
| 5 | Nabors Industries Ltd.NBR | 6.09x | — | $1.2B | -2.2% | 7.7% |
| 6 | Comstock Resources IncCRK | 6.31x | — | $4.1B | -24.9% | 23.3% |
| 7 | Valaris LtdVAL | 6.63x | 32.1x | $6.5B | -12.3% | 44.0% |
| 8 | Expand Energy CorporationEXE | 6.80x | 11.9x | $21.9B | -19.8% | 20.5% |
| 9 | BKV CorporationBKV | 7.39x | — | $2.7B | +20.0% | 19.5% |
| 10 | Dorian LPG LtdLPG | 7.63x | 18.8x | $2.9B | +123.1% | 55.0% |
| 11 | Par Pacific Holdings IncPARR | 9.32x | 13.9x | $4.1B | +56.8% | 9.9% |
| 12 | Teekay Tankers LtdTNK | 10.1x | 30.8x | $3.5B | -22.6% | 36.9% |
| 13 | International Seaways IncINSW | 10.7x | 151.9x | $5.8B | +138.8% | 62.0% |
| 14 | Bristow Group IncVTOL | 10.7x | 21.6x | $1.2B | +9.4% | 6.7% |
| 15 | EQT CorporationEQT | 10.7x | 12.4x | $35.3B | -29.2% | 28.4% |
| 16 | National Fuel Gas CompanyNFG | 11.1x | 41.9x | $7.8B | +1.1% | 26.9% |
| 17 | Tsakos Energy Navigation LimitedTEN | 11.2x | — | $1.5B | -0.7% | 20.1% |
| 18 | APA CorporationAPA | 11.3x | 9.61x | $17.1B | — | — |
| 19 | Range Resources CorpRRC | 11.3x | 17.1x | $10.1B | +8.6% | 26.3% |
| 20 | Hess Midstream Partners LPHESM | 11.6x | 9.53x | $6.9B | -3.8% | 23.3% |
| 21 | Black Stone Minerals LPBSM | 12.0x | 10.9x | $3.2B | +14.4% | 56.9% |
| 22 | Antero Resources CorpAR | 12.1x | 9.31x | $11.6B | +20.2% | 17.7% |
| 23 | Scorpio Tankers IncSTNG | 12.1x | 8.45x | $4.2B | -24.6% | 36.7% |
| 24 | MPLX LPMPLX | 12.4x | 14.1x | $57.9B | +10.3% | 36.1% |
| 25 | Canadian Natural Resources LtdCNQ | 12.4x | 12.5x | $105.3B | +8.7% | 27.9% |
| 26 | Weatherford International plcWFRD | 12.5x | 12.7x | $5.7B | -8.2% | 7.7% |
| 27 | Natural Resource Partners LPNRP | 12.5x | 8.49x | $1.4B | -21.8% | — |
| 28 | Transportadora de Gas del Sur SA ADRTGS | 12.6x | 0.02x | $4.0B | +23.7% | 30.4% |
| 29 | Teekay CorporationTK | 13.0x | 12.7x | $1.4B | -22.2% | 10.3% |
| 30 | Oceaneering International IncOII | 13.0x | 21.0x | $4.4B | +10.0% | 12.2% |
| 31 | Alliance Resource Partners LPARLP | 13.1x | 8.27x | $3.2B | +0.8% | 12.2% |
| 32 | Ultrapar Participacoes SA ADRUGP | 13.6x | 5.44x | $8.3B | +5.9% | 1.8% |
| 33 | Enterprise Products Partners LPEPD | 13.8x | 27.1x | $80.4B | +60.8% | 10.8% |
| 34 | Torm PLC Class ATRMD | 14.0x | 20.7x | $4.1B | -14.1% | 21.3% |
| 35 | Vista Oil Gas ADRVIST | 14.1x | — | $7.6B | +41.0% | 29.0% |
| 36 | Ecopetrol SA ADREC | 14.2x | 0.00x | $37.9B | -6.9% | 10.4% |
| 37 | Devon Energy CorporationDVN | 14.2x | 18.9x | $59.0B | +73.0% | 16.6% |
| 38 | California Resources CorpCRC | 14.3x | 8.93x | $4.8B | +50.4% | -3.6% |
| 39 | Global Partners LPGLP | 14.5x | 9.18x | $1.8B | +46.8% | 0.91% |
| 40 | Magnolia Oil & Gas CorpMGY | 14.7x | 11.8x | $4.8B | +50.1% | 28.8% |
| 41 | Matador Resources CompanyMTDR | 14.8x | 29.6x | $7.2B | +26.8% | 18.9% |
| 42 | TotalEnergies SE ADRTTE | 14.9x | 18.0x | $194.6B | -6.2% | 6.5% |
| 43 | Tidewater IncTDW | 14.9x | 12.4x | $4.4B | +0.2% | 18.3% |
| 44 | Venture Global, Inc.VG | 14.9x | — | $35.6B | +47.6% | 19.6% |
| 45 | Cheniere Energy Partners LPCQP | 15.0x | 12.1x | $31.1B | +5.2% | 27.3% |
| 46 | Mach Natural Resources LPMNR | 15.1x | 7.96x | $1.9B | +40.7% | 7.4% |
| 47 | EOG Resources IncEOG | 15.6x | 21.5x | $84.4B | +57.4% | 25.4% |
| 48 | Western Midstream Partners LPWES | 15.6x | 12.8x | $18.7B | +22.5% | 30.2% |
| 49 | Woodside Energy Group LtdWDS | 15.9x | — | $44.5B | -1.5% | 20.9% |
| 50 | South Bow CorporationSOBO | 16.0x | 13.2x | $7.2B | -6.3% | 21.8% |
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.
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Questions
Which company ranks first on the lowest p/e energy stocks list?
Diversified Energy Company (DEC), with a p/e of 2.38x, as of October 12, 2026.
How is this list built?
US companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall. 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.