Stocks priced for less growth than they delivered: Energy
Companies worth over $1 billion whose price implies free cash flow growth at least 3 points a year below what they delivered over the years on file. Ranked by the size of that gap. A one-off cash flow year can distort both numbers, so check each company's history.
Top of the list: NGL Energy Partners LP (NGL) -55.8%; Weatherford International (WFRD) -52.9%; Kodiak Gas Services (KGS) -51.4%.
The median priced in minus delivered across these 47 companies is -22.0%.
| # | Company | Priced in minus delivered | Growth priced in | FCF growth delivered | P/FCF | Market cap |
|---|---|---|---|---|---|---|
| 1 | NGL Energy Partners LPNGL | -55.8% | -0.1% | +55.6% | 36.7x | $1.9B |
| 2 | Weatherford International plcWFRD | -52.9% | -1.2% | +51.7% | 12.7x | $5.7B |
| 3 | Kodiak Gas Services, Inc.KGS | -51.4% | +4.6% | +56.0% | 19.0x | $5.4B |
| 4 | National Energy Services Reunited Corp Ordinary SharesNESR | -51.2% | +4.3% | +55.5% | 18.3x | $2.2B |
| 5 | Tenaris SA ADRTS | -43.7% | -0.1% | +43.5% | 14.0x | $27.7B |
| 6 | EQT CorporationEQT | -43.3% | -1.4% | +41.9% | 12.4x | $35.3B |
| 7 | Kimbell Royalty Partners LPKRP | -42.7% | -9.3% | +33.3% | 7.02x | $1.7B |
| 8 | MPLX LPMPLX | -41.1% | +0.6% | +41.7% | 14.1x | $57.9B |
| 9 | Enerflex Ltd.EFXT | -38.2% | -5.4% | +32.8% | 12.9x | $3.0B |
| 10 | SunocoCorp LLCSUNC | -37.8% | -11.4% | +26.4% | 5.90x | $3.8B |
| 11 | LandBridge Company LLCLB | -36.8% | +19.0% | +55.8% | 58.4x | $7.1B |
| 12 | Bristow Group IncVTOL | -36.5% | +5.9% | +42.5% | 21.6x | $1.2B |
| 13 | Sunoco LPSUN | -34.9% | +6.7% | +41.5% | 23.9x | $14.7B |
| 14 | Diversified Energy Company plcDEC | -32.0% | -18.5% | +13.6% | 3.68x | $1.0B |
| 15 | Petroleo Brasileiro Petrobras SA ADRPBR | -29.9% | -9.3% | +20.6% | 10.2x | $169.9B |
| 16 | Plains GP Holdings LPPAGP | -28.7% | -23.1% | +5.7% | 2.90x | $6.6B |
| 17 | National Fuel Gas CompanyNFG | -28.7% | +14.5% | +43.2% | 41.9x | $7.8B |
| 18 | HF Sinclair CorpDINO | -28.3% | +7.5% | +35.9% | 25.5x | $22.1B |
| 19 | Noble Corporation plcNE | -26.6% | +1.8% | +28.3% | 16.1x | $7.0B |
| 20 | Ovintiv IncOVV | -26.1% | -1.6% | +24.5% | 12.6x | $18.9B |
| 21 | BP PLC ADRBP | -25.4% | -3.9% | +21.5% | 10.6x | $119.7B |
| 22 | Tidewater IncTDW | -23.6% | -1.6% | +22.0% | 12.4x | $4.4B |
| 23 | Hess Midstream Partners LPHESM | -22.6% | -4.5% | +18.1% | 9.53x | $6.9B |
| 24 | TechnipFMC PLCFTI | -22.0% | +4.0% | +26.0% | 18.8x | $27.2B |
| 25 | Occidental Petroleum CorporationOXY | -21.4% | +1.0% | +22.4% | 15.2x | $62.6B |
| 26 | Par Pacific Holdings IncPARR | -17.9% | +0.9% | +18.8% | 13.9x | $4.1B |
| 27 | Teekay CorporationTK | -17.8% | -1.4% | +16.5% | 12.7x | $1.4B |
| 28 | USA Compression Partners LPUSAC | -16.4% | +0.4% | +16.8% | 14.3x | $4.0B |
| 29 | Western Midstream Partners LPWES | -15.9% | -1.2% | +14.8% | 12.8x | $18.7B |
| 30 | Cheniere Energy Partners LPCQP | -15.0% | -1.6% | +13.3% | 12.1x | $31.1B |
| 31 | Devon Energy CorporationDVN | -14.9% | +4.2% | +19.0% | 18.9x | $59.0B |
| 32 | Plains All American Pipeline LPPAA | -12.9% | -7.2% | +5.7% | 8.11x | $18.6B |
| 33 | Baker Hughes CoBKR | -12.7% | +6.0% | +18.6% | 21.7x | $55.1B |
| 34 | CNX Resources CorpCNX | -12.3% | -5.4% | +7.0% | 9.15x | $4.9B |
| 35 | Natural Resource Partners LPNRP | -11.4% | -6.5% | +4.9% | 8.49x | $1.4B |
| 36 | NOV Inc.NOV | -10.4% | -7.5% | +2.9% | 8.14x | $7.0B |
| 37 | Patterson-UTI Energy IncPTEN | -10.1% | -2.0% | +8.1% | 11.8x | $4.4B |
| 38 | Torm PLC Class ATRMD | -9.7% | +5.7% | +15.5% | 20.7x | $4.1B |
| 39 | Marathon Petroleum CorpMPC | -7.7% | +9.7% | +17.4% | 29.4x | $140.3B |
| 40 | ONEOK IncOKE | -6.9% | +7.5% | +14.4% | 24.8x | $60.7B |
| 41 | Exxon Mobil CorpXOM | -6.5% | +10.1% | +16.6% | 30.4x | $717.4B |
| 42 | DT Midstream IncDTM | -6.5% | +9.8% | +16.2% | 26.2x | $12.8B |
| 43 | Cheniere Energy IncLNG | -5.8% | +7.3% | +13.1% | 24.4x | $60.1B |
| 44 | Navigator Holdings LtdNVGS | -4.7% | -1.1% | +3.6% | 22.5x | $1.5B |
| 45 | Transocean LtdRIG | -4.1% | -4.3% | -0.2% | 10.1x | $6.3B |
| 46 | Chevron CorpCVX | -3.4% | +8.1% | +11.5% | 25.3x | $419.8B |
| 47 | Halliburton CompanyHAL | -3.2% | +2.3% | +5.4% | 16.6x | $27.8B |
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 stocks priced for less growth than they delivered: energy list?
NGL Energy Partners LP (NGL), with a priced in minus delivered of -55.8%, as of October 12, 2026.
How is this list built?
Companies worth over $1 billion whose price implies free cash flow growth at least 3 points a year below what they delivered over the years on file. Ranked by the size of that gap. A one-off cash flow year can distort both numbers, so check each company's history. It shows the top 47 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.