CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Energy companies with the highest operating margin

Operating margin is operating income divided by revenue. Only companies with at least $1 billion in revenue are ranked here. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–72 of 72 · Fiscal year 2025 · Data as of September 25, 2026

Only companies with at least $1bn in revenue are ranked.

Hess Midstream (HESM) tops the list with 62.2% in operating margin for fiscal 2025, ahead of MPLX (45.7%) and Gulfport Energy (42.2%). Across the top 10, operating margin ranges from 62.2% down to 31.6%. 72 companies in Energy report operating margin, 4.8% of the 1486-filer universe. The last place on the list, Helmerich & Payne, comes in at 0.1%.

Operating margin
#CompanyOperating marginYoY15-year trend
1Hess MidstreamHESMUS62.2%+1.2%
2MPLXMPLXUS45.7%+3.2%
3Gulfport EnergyGPORUS42.2%+66.9 pp
4EqtEQTUS37.6%+189.3%
5Pembina PipelinePBACA36.1%+16.9%
6Precision DrillingPDSCA34.3%+63.7%
7Magnolia Oil & GasMGYUS33.5%−14.0%
8Matador ResourcesMTDRUS33.2%−18.9%
9SM EnergySMUS31.7%−20.7%
10Borr DrillingBORRBM31.6%−14.8%
11Woodside EnergyWDSAU30.0%−12.6%
12Diversified EnergyDECUS29.2%+42.1 pp
13Comstock ResourcesCRKUS29.1%+42.5 pp
14Permian ResourcesPRUS28.9%−17.2%
15Eog ResourcesEOGUS28.2%−17.3%
16BKVBKVUS26.6%+32.8 pp
17TotalenergiesTTEFR25.1%+49.2%
18South BowSOBOCA25.0%−51.4%
19EquinorEQNRNO23.8%−20.1%
20CactusWHDUS23.2%−9.4%
21ValvolineVVVUS22.8%+0.5%
22ConocoPhillipsCOPUS21.5%−14.0%
23Mach Natural ResourcesMNRUS20.8%−30.6%
24Expand EnergyEXEUS20.4%+39.3 pp
25Devon EnergyDVNUS20.2%−13.4%
26ValarisVALBM20.1%+35.0%
27Delek Logistics PartnersDKLUS17.9%−16.8%
28Alliance Resource PartnersARLPUS17.6%+9.1%
29EnbridgeENBCA16.8%−6.9%
30Antero ResourcesARUS16.7%+157,398.4%
31California ResourcesCRCUS16.3%−15.9%
32Genesis EnergyGELUS15.8%+54.8%
33Weatherford InternationalWFRDUS15.4%−9.7%
34Nabors IndustriesNBRBM14.8%+4.0%
35Occidental PetroleumOXYUS14.5%−18.2%
36TechnipfmcFTIGB14.5%+13.5%
37OvintivOVVUS12.7%−26.4%
38NobleNEUS12.6%−36.0%
39SLBSLBUS12.0%−23.1%
40Murphy OilMURUS11.1%−44.3%
41Oceaneering InternationalOIIUS10.9%+18.2%
42Baker HughesBKRUS10.4%−6.3%
43HalliburtonHALUS10.2%−38.8%
44Northern Oil & GasNOGUS9.9%−73.6%
45Ypf Sociedad AnonimaYPFAR9.4%+23.0%
46Imperial OilIMOCA9.1%−25.2%
47Diamondback EnergyFANGUS8.4%−78.8%
48SasolSSLZA7.6%+17.5 pp
49National Energy Services ReunitedNESRUS7.4%−29.8%
50Par PacificPARRUS7.2%+1,108.4%
51BPBPGB6.6%+13.1%
52Crescent EnergyCRGYUS6.4%−14.1%
53Marathon PetroleumMPCUS6.2%+27.7%
54EniEIT6.1%+3.4%
55NovNOVUS5.6%−42.8%
56Hornbeck Offshore ServicesHOSUS5.0%−46.2%
57Chord EnergyCHRDUS4.0%−80.7%
58SunocoSUNUS3.7%+6.4%
59Warrior Met CoalHCCUS3.5%−79.1%
60HF SinclairDINOUS3.5%+277.8%
61SeadrillSDRLUS3.3%−89.0%
62Plains All American PipelinePAAUS3.2%+82.5%
63Delek USDKUS2.8%+7.0 pp
64Quaker ChemicalKWRUS2.8%−73.5%
65RPCRESUS2.8%−60.1%
66CalumetCLMTUS2.6%+1,258.9%
67Valero EnergyVLOUS2.6%−10.3%
68CVR EnergyCVIUS2.5%+233.4%
69Select Water SolutionsWTTRUS2.0%−45.5%
70Liberty EnergyLBRTUS1.8%−79.9%
71Propetro HoldingPUMPUS0.5%+12.1 pp
72Helmerich & PayneHPUS0.1%−99.5%

All figures from SEC filings · FY2025 · 72

see sources

Download this data as a CSV →

Embed this table

Free to use on any site. The table updates itself whenever the data is rebuilt — you paste it once. The only condition is that you keep the credit line below the table, so readers can reach the source.

<iframe src="https://companiesranked.com/embed/en/energy-companies-with-the-highest-operating-margin" title="Energy companies with the highest operating margin" width="100%" height="478" loading="lazy" style="max-width:680px;border:1px solid #e5e2dc;border-radius:6px"></iframe>
<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/energy-companies-with-the-highest-operating-margin">Energy companies with the highest operating margin</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>

Open the embed on its own →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Energy companies with the highest operating margin |url=https://companiesranked.com/en/energy-companies-with-the-highest-operating-margin |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Energy companies with the highest operating margin. CompaniesRanked. https://companiesranked.com/en/energy-companies-with-the-highest-operating-margin

BibTeX

@misc{companiesranked-en-energy-companies-with-the-highest-operating-margin-2026,
  author       = {{CompaniesRanked}},
  title        = {{Energy companies with the highest operating margin}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/energy-companies-with-the-highest-operating-margin}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.

Companies with the highest operating margin →

By sector

By country