Top energy companies by net margin
Pick a margin type to sort, or use a wider screen to sort by any column header. Click a column header to re-order rows. Company names link to each ticker's profile page.
| # | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | EQT (EQT) | 68.4% | 43.2% | 66.7% | 30.7% | 40.6% | Energy | ||
| 2 | National Fuel Gas (NFG) | 50.0% | 41.4% | 62.0% | 27.5% | 12.3% | Energy | ||
| 3 | Williams Companies (WMB) | 62.8% | 38.8% | 59.5% | 23.8% | 6.1% | Energy | ||
| 4 | EOG Resources (EOG) | 71.3% | 36.9% | 51.9% | 23.4% | 17.4% | Energy | ||
| 5 | Expand Energy (EXE) | 63.1% | 26.0% | 49.6% | 20.8% | 19.0% | Energy | ||
| 6 | Occidental Petroleum (OXY) | 26.2% | 12.4% | 49.5% | 20.3% | 15.4% | Energy | ||
| 7 | Kinder Morgan (KMI) | 54.9% | 29.0% | 44.9% | 19.3% | 21.5% | Energy | ||
| 8 | APA (APA) | 48.6% | 32.7% | 65.4% | 17.8% | 17.2% | Energy | ||
| 9 | Devon Energy (DVN) | 22.1% | 18.8% | 42.7% | 13.7% | 15.9% | Energy | ||
| 10 | Targa Resources (TRGP) | 29.9% | 21.1% | 30.4% | 13.0% | 1.6% | Energy | ||
| 11 | ConocoPhillips (COP) | 29.2% | 18.3% | 42.0% | 12.6% | 26.4% | Energy | ||
| 12 | Baker Hughes (BKR) | 23.6% | 12.9% | 17.1% | 11.2% | 11.3% | Energy | ||
| 13 | Enphase Energy (ENPH) | 46.9% | 8.3% | 13.4% | 10.1% | 9.0% | Energy | ||
| 14 | ONEOK (OKE) | 23.9% | 20.3% | 22.3% | 10.0% | 6.4% | Energy | ||
| 15 | Enbridge (ENB) | 30.7% | 15.8% | 23.1% | 9.7% | 2.8% | Energy | ||
| 16 | SLB (SLB) | 16.5% | 13.4% | 19.7% | 8.5% | 13.1% | Energy | ||
| 17 | Halliburton (HAL) | 15.1% | 11.4% | 18.5% | 7.2% | 7.7% | Energy | ||
| 18 | Chevron (CVX) | 25.4% | 8.4% | 22.3% | 5.9% | 7.2% | Energy | ||
| 19 | Energy Transfer LP (ET) | 22.9% | 11.1% | 16.4% | 5.4% | 4.1% | Energy | ||
| 20 | Marathon Petroleum (MPC) | 8.8% | 5.0% | 9.0% | 3.4% | 4.2% | Energy | ||
| 21 | Valero Energy (VLO) | 7.2% | 4.6% | 7.2% | 3.3% | 4.7% | Energy | ||
| 22 | Phillips 66 (PSX) | 7.0% | 4.7% | 6.8% | 3.0% | 0.1% | Energy | ||
| 23 | Diamondback Energy (FANG) | 41.8% | 22.1% | 35.7% | 2.7% | 10.5% | Energy |
- 1EQT (EQT)30.7%
- 2National Fuel Gas (NFG)27.5%
- 3Williams Companies (WMB)23.8%
- 4EOG Resources (EOG)23.4%
- 5Expand Energy (EXE)20.8%
- 7Kinder Morgan (KMI)19.3%
- 8APA (APA)17.8%
- 9Devon Energy (DVN)13.7%
- 10Targa Resources (TRGP)13.0%
- 11ConocoPhillips (COP)12.6%
- 12Baker Hughes (BKR)11.2%
- 13Enphase Energy (ENPH)10.1%
- 14ONEOK (OKE)10.0%
- 15Enbridge (ENB)9.7%
- 16SLB (SLB)8.5%
- 17Halliburton (HAL)7.2%
- 18Chevron (CVX)5.9%
- 19Energy Transfer LP (ET)5.4%
- 20Marathon Petroleum (MPC)3.4%
- 21Valero Energy (VLO)3.3%
- 22Phillips 66 (PSX)3.0%
How TTM margins are measured
Margins divide a profitability line by trailing-twelve-month revenue, expressed as a percentage. Each column on this page measures a different layer of the income statement — gross strips only direct production costs; operating subtracts overhead, R&D and D&A; EBITDA adds D&A back to operating; net subtracts interest and taxes; FCF replaces accrual profit with operating cash flow minus capex. Together they describe where a business actually makes its money.
Margins make capital-light franchises directly comparable to capital-heavy ones — a software filer with a 35% operating margin runs a different model than a global retailer at 6%. To compare absolute scale instead of percentages see the revenue ranking and net income ranking. Non-USD filers are ranked on USD-translated TTM lines so peers stay comparable. Rankings USD translation methodology · IFRS IAS 21 (official)
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